CT Automotive – interims emphasise “revenue increased”, but what about the bottom-line?…

Describing itself as “a leading designer, developer and supplier of interior components to the global automotive industry”, CT Automotive (CTA) has announced results for the first half of the 2026 calendar year with a first ‘H1 26 financial highlight’ of “revenue increased by 14% to $61.7 million (H1 25: $54.1 million restated), driven by strong customer demand and the successful launch of new programmes at the group’s Mexico facility”. So what about a current share price response to around 25p, approx. 25% lower?

CT Automotive – a value BUY

In a clearly volatile macro environment, what price for a company reporting strong earnings growth and “strong and visible revenue growth… streamlined and robust business operating effectively”. The valuation here currently suggests a value Buy.

CT Automotive (#CTA) – “significantly improved underlying profit before tax for the third consecutive year”, though this year “now expected to be modestly ahead of FY25”

CT Automotive – “Service Agreement with iAqua”; an announcement title that dare not speak the name of why it’s being made?…

Automotive interior components company CT Automotive (CTA) has issued a “Service Agreement with iAqua”-titled announcement and what of this and a share price currently up to 40.5p, a £29.8 million market capitalisation, in response though the share price still just half what it was even early last year?

CT Automotive – argues “On Track and Delivering Margin Improvement”, but what does it mean for the bottom-line result?

Describing itself as “a leading designer, developer and supplier of interior components to the global automotive industry”, CT Automotive Group (CTA) has issued a trading statement headlined “On Track and Delivering Margin Improvement”. What then about a share price currently up to 61.5p in response, but still down from above 70p as recently as last month?

CT Automotive (#CTA) – H1 “in line with management's expectations”, H2 anticipates “additional volumes from new programme launches”

CT Automotive – “A return to strength driven by sustainable operational efficiencies”. Er, wasn’t it driven by customers “catching up”?

Automotive interior components group CT Automotive (CTA) has announced its results for the 2023 calendar year headlined “A return to strength driven by sustainable operational efficiencies” and emphasising “underlying PBT grew to $8.3m… Significant improvement in net debt to $3.8m (FY22: $12.2m)”. So what of the results announcement and a current share price response up more than 20% to 67.5p?

CT Automotive – “navigated through a turbulent year and… trading in FY23 to date has been encouraging”. How much so though?…

Automotive interior components group CT Automotive (CTA) has announced results for the 2022 calendar year, emphasising that it “navigated through a turbulent year and… trading in FY23 to date has been encouraging”. So what of a share price currently up to 45p?

CT Automotive – following IPO in just 2021 and recent bailout equity raise, now identifies a “number of years” accounting error!

CT Automotive Group (CTA) has announced that it “has identified an error with regards to the calculation of the year end inventory on consolidation”, though also that “the reduction to inventory is a non-cash adjustment. There is no adverse impact to profitability in the current financial year ending 31 December 2023”. So what’s the detail and what of a share price currently slightly further down at 36p?

CT Automotive (#CTA) – multi-year inventory consolidation error, expected c.$8.4m reduction at end-2022

CT Automotive – after discounted bailout equity raise announced last week, now increased loss potential audit adjustments!

Last week I noted on automotive interior components group CT Automotive (CTA) a vastly discounted bailout equity raise following prior profit warning and despite an AIM IPO at 147p per share as recently as December 2021. The shares had since nudged up to 40p, but are currently approaching 9% lower today, at 36.5p, on the back of an “Update on FY22 preliminary results” announcement.

CT Automotive – December 2021 AIM IPO at 147p per share, previously closed at 49p and now already a bailout equity raise and at…

Automotive interior components group CT Automotive (CTA) has announced a conditional £7.7 million equity raise, stated to be to “predominately be used to strengthen the balance sheet and to provide the group with flexibility to take advantage of growth opportunities. Additionally, a small portion of the net proceeds are expected to be deployed to realise further efficiency savings including through investment in injection moulding production processes and robotics”. So what of a current share price slide from 49p to 39p?

CT Automotive – having listed on AIM less than a year ago, the attempted ‘no-one watching o’clock’ release trick already?!

Describing itself as “a leading designer, developer and supplier of interior components to the global automotive industry”, CT Automotive (CTA) listed on AIM less than a year ago at 147p per share and has now provided “an update on its performance for the year ending 31 December 2022”… yesterday at 4:05pm. Is it trying the attempted ‘no-one watching o’clock’ release trick already?!

CT Automotive Group – from “excited by the opportunities ahead” to profit warning in less than 8 months. ANOTHER AIM IPO Roll-Call of Shame

Describing itself as “a leading designer, developer and supplier of interior components to the global automotive industry”, CT Automotive Group (CTA) has issued a trading update headlined “Revenues ahead in H1, production recovery gaining momentum”...and the shares have responded to currently 115p, more than 22% lower! So what’s going on?