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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

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

further up to 126.25p, on a much stronger order book

depth of 22 v 15

you've dredged up another one - well done
shame about QPP though :-(

back off qpp cynic your knocking again...... ;)

Carclo plc, the technology led plastics group, today announces its full year results for the year ended 31 March 2014.

Financial Highlights
Profit before tax increased by 48.3% to £4.8 million (2013 - £3.2 million).

Basic earnings per share increased from 4.3 pence to 5.5 pence.

Group capital expenditure was £7.2 million (2013 - £8.7 million) continuing the significant investment in the growth businesses.

Net debt increased from £9.2 million to £17.7 million in the year.

Committed debt facilities increased to £26.0 million.

Total dividend increased by 3.9% to 2.65 pence per share.

The comparatives have been restated in respect of the revisions to IAS 19 - "Employee Benefits"

· Revenue increased by 12.4% to £97.3 million reflecting strong sales in our traditional divisions alongside increasing sales at Conductive Inkjet Technology ("CIT")
· Divisional underlying operating profit was £8.6 million (2013 - £7.7 million) and underlying operating profit from continuing operations was in line with expectations at £6.6 million (2013 - £5.6 million)
· Total dividend increased by 3.9% to 2.65 pence per share
· Conductive Inkjet Technology ("CIT") coating line operating well and at high yields
· Increased investment in Carclo Diagnostic Solutions ("CDS") underpinned by technological and commercial developments
· Strong performance by LED Technologies, driven by Wipac supercar lighting business
· Technical Plastics well placed to enjoy period of high growth and margin improvement

Commenting on the results, Michael Derbyshire, chairman said -

"The group is poised for further growth both in its traditional areas and in its new technology ventures. It has the resources, bank facilities and business prospects to drive this growth over the coming years and generate shareholder value." Carclo plc, the technology led plastics group, today announces its full year results for the year ended 31 March 2014.

The chart is pricing in a recession.

Debt going up so much is a killer for me in the so called good times.

StockMarketWire.com
Edison Investment Research has issued an outlook on Carclo.

Edison said: 'Carclo is focusing investment on its two larger established businesses - Technical Plastics (CTP) and LED Technologies (LED).

'Here a differentiated offer and long-term relationships with customers provide good earnings visibility and higher probability of a sustainable return. This strategy delivered strong revenue and profits growth during FY17.

'Despite a temporary setback at CTP during H118, which was balanced by outperformance at LED, growth appears set to continue, underpinned by contracts with blue-chip customers.

'We use a P/E-based, sum-of-the-parts methodology with three sets of sample peers drawn from the medical device manufacturing (P/E of 16.1x), automotive (mean P/E of 16.4x) and aerospace (mean P/E 20.9x) sectors to reflect the diversity of Carclo's operations.

'This gives an indicative valuation range of 182-193p (previously 181-191p), which is equivalent to an implied EV/EBITDA range of 8.2x-8.6x (vs peer group blended year one EV/EBITDA of 8.7x).

'The share price has dropped by around 13% since the AGM statement advised of short-term setbacks in the Technical Plastics division.

'Positive newsflow confirming the recovery in CTP should be supportive of the stock, helping to close the valuation gap.

StockMarketWire.com
Carclo has warned that its full year performance was expected to be significantly lower than previous forecasts.

It said the stronger second half performance, anticipated at the time of the interim results in November, was not now expected to be achieved.

An update said: 'While the previously reported operational issues at Technical Plastics have been addressed, there has been an unexpected delay in the awarding of two large tooling and automation contracts.

'In addition, a large and long standing non-medical customer which had been indicating a strong second half for our moulded components has not yet increased its orders.

'The impact of these factors is such that the division's profit for the current year is now expected to be significantly below expectations.

'Within LED Technologies, the Group's LED super car lighting business has performed as anticipated and new product launches have continued to be made on time.

'However, while the Wipac business has continued to operate well, delays in the award of three new contracts are expected to materially reduce the division's profit for the current year. It is still anticipated that Wipac will be successful in winning a number of these programmes despite the uncertainty on timing.'

Carclo said the board now expected the group's profits for the year ending 31 Mar to be significantly lower than its previous forecasts.

And it said that as a consequence of some of these delayed projects and lower customer orders, the board had now reduced its profit expectations for the 2018-19 financial year albeit these revised expectations would still represent healthy year on year growth.

The group also announced board changes.

It said that after 14 years as group finance director Robert Brooksbank was leaving on 31 Mar to pursue other career and business opportunities.