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http://www.investegate.co.uk/bowleven-plc-%28blvn%29/rns/eeaa-submitted/201211260700069383R/
http://www.investegate.co.uk/Article.aspx?id=200804080701038145RA excellent RNS today,with some great technology making this a well worth a look company and up 6% on opening.
I held these some time back and have kept them on my watch list,only negative
i could see and the reason for selling was a very large hole in their pension fund.
Needs checking out, but as i stated well worth running a cautious eye over as
some great potential here.
aimo
cyril

The last update 1 Aug -


IMS and Atmel Corporation Announcement

RNS


RNS Number : 6846K

Carclo plc

01 August 2013




1 August 2013

Carclo plc

("the group")



Interim Management Statement and Atmel Corporation Announcement



We are pleased to report that the new financial year has started positively and that the group is trading in line with the board's expectations.



At Conductive Inkjet Technology ("CIT") the new high speed coating line is performing very well with first volume production quantities now having been shipped. CIT is well positioned to meet the requirements for the expected ramp up in XSense™ volumes. In this respect the group notes the positive comments in respect of XSense™ made by Atmel Corporation ("Atmel") executives during the analysts' Earnings call that accompanied Atmel's Q2 results on 31 July 2013. Extracts from the transcript of the Earnings call are reproduced below:



"Since our last earnings call I am very pleased to report we have fully qualified our Colorado facility for large scale production of our market leading metal mesh technology. Customer interest and design activity are strong and we are engaged in numerous new product designs with several tier-one OEMs as well as reference designs with Intel Corporation, a major ecosystem partner. We are now able to demonstrate XSense with excellent optical quality for very high pixel density displays such as Full-HD displays on smartphones and larger screens such as tablets and Ultrabooks. Additionally, we are on-track to bringing on new capacity in the latter part of this year that will support at least $100 million dollars of XSense revenue in 2014.



The market for touch sensors today is over $5 billion dollars annually and a recent report by NPD Display Search forecasts the market to increase from 12 million square meters shipped in 2012 to 35.9 million square meters in 2015 as a result of the dramatic growth in mobile applications including smartphones, tablet PCs, notebooks and Ultrabooks. This represents a compound annual growth rate of over 44% over the next 3 years.



As a leader in metal mesh technology, with strong IP and manufacturing know-how, Atmel stands to significantly benefit from the dramatic increase in the overall growth in the touch sensor market as well as the rapid replacement of traditional ITO sensors by our disruptive XSense metal mesh technology in the coming years."



The qualification of Atmel's Colorado facility, the significant design activity and the future capacity commitments are all very encouraging for CIT's Fine Line Technology business which is now starting to see increased revenues from the sale of coated film. Based on Atmel's adjusted XSense revenue guidance for calendar year 2013 and its confirmation of 2014 revenue guidance we anticipate that CIT's revenues will be in the range of £4 - 7 million for the financial year ending 31 March 2014. Growth prospects for subsequent financial years are substantial.



Carclo Diagnostic Solutions has commissioned a detailed market review to prioritise commercial developments whilst, in parallel, optimising the Micropoc platforms.



New business activity has been strong in our operating businesses. In Technical Plastics, we expect this activity to result in good growth, particularly in our US and Czech businesses, over the coming years; our new US facility expansion is on track for completion in the final quarter of this financial year. Our LED Technologies division has traded well and its Wipac business is poised to take on a number of new LED supercar lighting programmes which will support this year's revenue targets and drive significant future growth. The LED Optics business has performed to plan and has benefitted from promising new business wins. In Precision Engineering our aerospace businesses continue to perform satisfactorily.



As usual, due to working days and seasonality, the group will generate a greater proportion of its operating profits in the second half of the year, and this year we expect this effect to be exaggerated by the second half increase in CIT coated film sales. The group's financial position remains strong and the outlook for the year as a whole remains very positive.



- ENDS -

sp taken another serious hit today after results announcement heading for 250p on fairly small volume?

sp down again @249p,no news.

StockMarketWire.com
Carclo's operating businesses, as expected, are enjoying stronger trading in the second half of the financial year.

But Carclo says that lower than previously expected sales at Conductive Inkjet Technology will reduce the forecast profitability of CIT and the group in the second half.

At CIT, sales of coated film in the second half are set to be ahead of the first half sales number, but below the board's previously disclosed estimated range.

This is due to a slower than anticipated ramp up in production on the programs which are using XSens touch sensors. CIT's partner, Atmel Corporation, recently announced its first production rollout for the HP Omni 10 from its Colorado manufacturing site and Atmel continues to supply XSense for this programme.

The company says further programmes are expected to come on stream through the first half of this year, benefiting from the superior capabilities of XSense (including narrow bezel capability) versus competitive offerings. An interim management statement adds: "The market for XSense and other metal mesh solutions is growing rapidly as adoption begins to gain traction at the expense of ITO touch sensor solutions in this $5 billion market. At the same time we have seen competition in the market increase for all touch solutions, which is causing pricing pressure; while we expect developments in the touch sensor market to become clearer during 2014, this is likely to reduce coated film revenues and margins versus our previous estimates. The product capabilities of XSense are strong and we remain confident that it can gain a significant market share in this rapidly growing market."

The group says its technical plastics, LED technologies and precision engineering businesses are all performing in line with the board's expectations.

sp down 36% anybody (brave enough) going to catch the falling knife?

Sp has been in steady decline for over a year now. Might be a bounce, but the trend is still down, imo.

done a little bottom fishing here as reaction to recent IMS may have been overdone. dyor

You're a brave man h! Too scary at the moment for me.

StockMarketWire.com
Carclo's operating businesses, as expected, are enjoying stronger trading in the second half of the financial year.

But Carclo says that lower than previously expected sales at Conductive Inkjet Technology will reduce the forecast profitability of CIT and the group in the second half.

At CIT, sales of coated film in the second half are set to be ahead of the first half sales number, but below the board's previously disclosed estimated range.

This is due to a slower than anticipated ramp up in production on the programs which are using XSens touch sensors. CIT's partner, Atmel Corporation, recently announced its first production rollout for the HP Omni 10 from its Colorado manufacturing site and Atmel continues to supply XSense for this programme.

The company says further programmes are expected to come on stream through the first half of this year, benefiting from the superior capabilities of XSense (including narrow bezel capability) versus competitive offerings. An interim management statement adds: "The market for XSense and other metal mesh solutions is growing rapidly as adoption begins to gain traction at the expense of ITO touch sensor solutions in this $5 billion market. At the same time we have seen competition in the market increase for all touch solutions, which is causing pricing pressure; while we expect developments in the touch sensor market to become clearer during 2014, this is likely to reduce coated film revenues and margins versus our previous estimates. The product capabilities of XSense are strong and we remain confident that it can gain a significant market share in this rapidly growing market."

The group says its technical plastics, LED technologies and precision engineering businesses are all performing in line with the board's expectations.

The group says its balance sheet is strong and its funding remains secure.

Harry sales by the CIT division only represent a small %age of existing sales so if they don't grow as fast as expected they will not impact on the overall position in the short term.

RNS Atmel announcement sp recovering.

Perhaps the"dead cat" isn't dead after all, sp up 14%

Its up another 10% ...

Sinking into the bog.

Is Carclo on the bounce?

I bought some at 115.80p, as some large delay trades start showing and the share price is bouncing from the recent flat bottom.

Volume already at a full day level and RSI on the up from oversold

Order book is very strong at the moment on the bid side on a depth of 26 v 14

A very strong start, but now is taking a breazer,
there was a delayed buy of 37K @ 122.75p, most likely the reason of the large push at the start

share price back to form, as any spike is eventualy marked down again so the next move will be up and so on

After yesterday's pause is motoring again today up to 123.625p