Chloride presses the right buttons
Midas, Mail on Sunday
17 October 2004

ALK of power cuts this winter and ageing electricity infrastructure is music to the ears of Keith Hodgkinson, chief executive of Chloride Group.

Though its name is still synonymous with its former battery manufacturing business, Chloride now focuses on technology-to protect electrical equipment from power failures.

Its principal business is uninterruptible power supplies (UPS), in effect large batteries or generators that maintain a flow of electricity in the event of a mains failure.

Tomorrow, the group will announce it has won a major UPS contract at Milan airport. A catastrophic power failure two weeks ago led to the cancellation of 389 flights at the airport.

The company's top-of-the-range system, LIFE.net*, monitors the performance of UPS systems from a remote communications centre, diagnosing and repairing faults without a site visit.

Chloride is recovering after its profits slumped in 2002, when high-spending telecoms customers tightened their purse strings in the face of a market slowdown.

Profits have risen in the past two years and the annual dividend* was increased this year for the first time since 2001.

In a trading statement last month ahead of interim results on 28 October, the company said there were continuing signs of recovery with its performance well ahead of last year.

Analysts forecast profits this year of about 9.45m, with earnings per share* of 2.7p.

With the shares at 44 1/ 2p, the group is valued at 111m llion and trading at almost 17 times expected earnings, which we do not think is too pricey.

Midas verdict: Chloride has been out of the spotlight for some time, rebuilding its business and hoping for more favourable markets, but it is emerging from the shadows. The UPS market is forecast to show good growth and Chloride, with its global reach, should benefit. Buy.

http://www.thisismoney.com/20041017/nm83587.html

Still no news on the takeover.

cheers GF.

Still holding these. Could be a ride up in the price if we get a really bad winter like predicted. Well worth doing the research.

UK smallcap opening - Chloride higher as H1 profit increased by 53 pct
AFX


LONDON (AFX) - Chloride was 4-1/2 pence higher at 92 following a positive set of first half figures, dealers said.

The company reported a pretax profit from continuing operations of 6.5 mln stg for the six months to end Sept, up 53 pct, on sales of 84.4 mln stg, up 18 pct.

It is paying an interim dividend of 1 pence per share, up from 0.85.

mps/tc

cheers Gf.

Our share club on my recommondation jumped on this ride, I'm sure it has further to go. I feel 250 should be the peak. Any thoughts out there?

Buy/ Hold recommendation from Growth Company Investor

http://www.growthcompany.co.uk/recommendations/1050272/chloride.thtml

back at my buying price again...yummy

for info looks pretty bullish....

Chloride Group PLC

FORECASTS
2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Investec Securities
29-09-09 BUY 39.26 10.04 5.00 42.85 10.72 5.40

Charles Stanley Securities
29-09-09 HOLD 38.70 9.94 4.70 39.00 10.18 4.80

Arbuthnot Securities
29-09-09 BUY 41.00 10.53 4.95 44.98 11.51 5.20

Missed this last week....

23.09.09: an article in the Telegraph reports: Chloride Group rose 7p to 183p on bid speculation. The talk in the market was that US predators Emerson or Eaton Corporation could be lining up a bid.