Chamberlin (CMH)

Sector:

Engineering

Index:

FTSE AIM All-Share

19.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 81.50
  • 52 Week Low: 17.50
  • Currency: UK Pounds
  • Shares Issued: 7.96m
  • Volume: 55,000
  • Market Cap: £1.55m
  • RiskGrade: 338

Chamberlin narrows losses as turbocharger demand increases

By Iain Gilbert

Date: Monday 24 Dec 2018

LONDON (ShareCast) - (Sharecast News) - Foundry operator Chamberlin saw losses narrow in the first half of its trading year as sales picked up following an increase in production volumes of turbocharger bearing housings.
The AIM-listed outfit narrowed pre-tax losses 40.5% to £0.485m in the six months ended 30 September as revenues at its Walsall and Scunthorpe foundries shot up 24% to £15.4m.

Gross margins contracted to 12.6% from 17.9% in the second half of the 2017 trading year.

However, Chamberlin assured investors inefficiencies throughout its foundry division had now been resolved and was expecting to deliver an improved performance in the second half of its trading year despite a "difficult" backdrop.

Losses per share were cut to 3.34p from the 13.81p recorded a year earlier.

Chairman Keith Butler-Wheelhouse said: "Production volumes at our foundry operations rose significantly over the period, reflecting the ramping up of major contracts and the increasing use of turbochargers in both hybrid vehicles and petrol engine cars to improve fuel efficiency."

"We remain focused on the further development of our core operations."

As of 1130 GMT, Chamberlin shares had slumped 6.75% to 76p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Chamberlin Market Data

Currency UK Pounds
Share Price 19.50p
Change Today 1.00p
% Change 5.41 %
52 Week High 81.50
52 Week Low 17.50
Volume 55,000
Shares Issued 7.96m
Market Cap £1.55m
RiskGrade 338

Chamberlin Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.39% above the market average58.39% above the market average58.39% above the market average58.39% above the market average58.39% above the market average
78.95% above the sector average78.95% above the sector average78.95% above the sector average78.95% above the sector average78.95% above the sector average
Price Trend
93.49% below the market average93.49% below the market average93.49% below the market average93.49% below the market average93.49% below the market average
95.12% below the sector average95.12% below the sector average95.12% below the sector average95.12% below the sector average95.12% below the sector average
Income Not Available
Growth
3.21% below the market average3.21% below the market average3.21% below the market average3.21% below the market average3.21% below the market average
5.26% above the sector average5.26% above the sector average5.26% above the sector average5.26% above the sector average5.26% above the sector average

Chamberlin Dividends

  Latest Previous
  Final Final
Ex-Div n/a 03-Jul-13
Paid n/a 26-Jul-13
Amount 0.000p 2.00p

Trades for 18-Oct-2019

Time Volume / Share Price
12:10 50,000 @ 17.50p
11:24 5,000 @ 19.52p
09:54 64,423 @ 17.00p

Chamberlin Key Personnel

CEO Kevin Nolan
Finance Director Neil Joseph Davies

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