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Carclo (CAR)

Business description

Carclo is a specialist in high-precision plastic moulding principally in healthcare, optical and automotive applications. Its two main end-markets are high-volume medical consumables and low-volume, very high-value automotive lighting.

Stock data

Market cap.£68.2m
Last close92.90p
High / Low (52 weeks)170.0p / 77.2p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(11.5)4.4(44.7)
Relative *(9.6)7.4(45.7)

* % Relative to local index

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Company news

Shares in plastics group Carclo sink 38% after profit warning

Mon, 15 Jan 2018 11:15:00 GMT

Carclo cut highlights 'Brexit' pensions pressure on dividends

Thu, 01 Sep 2016 08:55:18 GMT

Why Are Carclo plc & Wincanton plc On The Move Today?

Thu, 05 Feb 2015 11:26:15 GMT

Struggling Carclo plc jumps 15% after results. But is the company back on track?

Tue, 15 Nov 2016 13:07:30 GMT

Should I Invest In Abcam Plc, Judges Scientific PLC and Carclo PLC Now?

Tue, 28 Oct 2014 06:56:05 GMT

Y/E Mar Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2017A 138.3 17.0 11.0 12.1 7.7 7.2
2018A 146.2 15.5 9.1 9.8 9.5 10.9
2019E N/A N/A N/A N/A N/A N/A
2020E N/A N/A N/A N/A N/A N/A

Last updated on 18/07/2018

Investment summary

Consort Medical has announced that it has submitted a non-binding proposal for a potential acquisition of Carclo. The proposal valued each share in Carclo at 116p and the consideration was to be in the form of new Consort shares. The rationale for the acquisition was the benefits arising from the combination of Bespak and Carclo Technical Plastics. Consort would evaluate whether to retain or sell Carclo's LED Technologies and Aerospace businesses during the due diligence process.

Last updated on 27/07/2018

Industry outlook

Carclo's board has discussed the proposal, together with its advisers, and concluded, in its words, "that the Proposal in no way reflected the fundamental value of the Company." The board was consequently unanimous in rejecting this opportunistic approach and has rejected further requests from Consort for a meeting. We have withdrawn our estimates and indicative valuation in compliance with the Takeover Panel Code.

Last updated on 27/07/2018

Key management

Michael Derbyshire, Chairman
Christopher Malley, CEO

Company address

Springstone House
27 Dewsbury Road
Ossett
WF5 9WS
United Kingdom
+44 (0) 1924 268040
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