‘Precision engineering’ company Carclo (CAR) has issued an AGM “Trading Statement” commencing on “Group Financial Performance” that “trading since 1 April 2026 has been characterised by strong margin performance, with underlying operating profit and return on sales both in line with management’s expectations”. So what about a current approaching 6% lower share price response to 35p?
Describing itself as “a global precision engineering group” Carclo (CAR) has announced results for its year ended 31st March 2026 emphasising “achieved the previously set mid-term financial targets for Return on Sales and Return on Capital Employed, ahead of plan providing a strong platform to support further sustainable profitable growth”. So what about a current 30p share price in response, approaching 12% down?
Previously on components company Carclo (CAR), in July last year with the shares at 12p I asked can it really now “approach the future with unwavering optimism”?, concluding still funding risks and a below £9 million market cap far from provided ‘unwaveringly positive’ equity funding options. The shares are currently slightly above the level of then, though only after a more than 70% rise today on the back of a trading statement – so how good is that?
Previously on components company Carclo (CAR), in May with the shares up to 14p I wrote “pleased to announce” contract cancellation conclusion, but still what about those banking covenants? and concluded ahead of its year ended 31st March 2023 results detail I still avoided. What then now, on the results announcement and the shares currently at 12p?
Components company Carclo (CAR) states that it “is pleased to announce a positive conclusion to commercial discussions with a leading global OEM related to the cancellation of a future supply contract referred to in the group's announcement on 7 December”. With the shares currently responding approaching 17% higher to 14p, how ‘pleasing’ is the contract cancellation agreement?
Previously writing on company now describing itself as “a preferred and trusted partner of global customers, providing high-precision critical components to the life sciences, aerospace, optics, and technology industries”, Carclo (CAR) in December with the shares down to 11.5p I noted ‘profit warning and banking covenants ‘discussions’ (as warned here)… continue to avoid’. The shares last closed at 12.475p but are currently down to 11p on the back of a “trading statement”.
Previously writing on company describing itself as “a global provider of value-adding engineered solutions for the medical, optical and aerospace industries”, Carclo (CAR) last week with the shares down to 13p I noted it stating it “evaluating the financial impact and taking mitigating actions” following a contract cancellation, but how many mitigating actions can it take?!. Now a further “trading update”.
A “Contract Cancellation” announcement from Carclo (CAR), which includes that the contract was “expected to deliver incremental sales of between £10m and £15m annually for the life of the contract with the board's most recent expectation being that production volumes would start building from the last quarter of the current financial year”. So what of a current share price response down approaching 9% at 13p, a £9.5 million market cap?
Carclo (CAR) “is pleased to report that the business expects to report a strong performance for the year” and that “demand in the group's key markets remains strong coming into the new financial year”. So what of a current share price of 24.5p, down nearly 10%?!...
