Carclo (CAR)

Sector:

Industrial Chemicals

Index:

FTSE Fledgling

18.10p
   
  • Change Today:
    -0.40p
  • 52 Week High: 18.90
  • 52 Week Low: 6.85
  • Currency: UK Pounds
  • Shares Issued: 73.42m
  • Volume: 30,318
  • Market Cap: £13.29m
  • RiskGrade: 398

Carclo H2 profits seen 'materially lower' as customer cancels supply contract

By Iain Gilbert

Date: Thursday 15 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Engineered solutions group Carclo warned on Thursday that a new customer supply contract has been cancelled, with the likely financial impact on its full-year results still "being quantified".

Carclo stated that "constructive discussions" with the unnamed customer regarding an "appropriate commercial settlement" were ongoing but said second-half profits would be "materially lower" than previous expectations no matter what the outcome.

The London-listed group added that its lending bank remained "supportive" and was actively engaged in discussions as to what amendments may be required to address the impact on its banking covenants.

As of 0840 GMT, Carclo shares had sunk 29.27% to 10.61p.









Reporting by Iain Gilbert at Sharecast.com

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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.

 

Carclo Market Data

Currency UK Pounds
Share Price 18.10p
Change Today -0.40p
% Change -2.16 %
52 Week High 18.90
52 Week Low 6.85
Volume 30,318
Shares Issued 73.42m
Market Cap £13.29m
RiskGrade 398

Carclo Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.53% below the market average10.53% below the market average10.53% below the market average10.53% below the market average10.53% below the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Price Trend
67.94% above the market average67.94% above the market average67.94% above the market average67.94% above the market average67.94% above the market average
88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average
Income Not Available
Growth
87.57% above the market average87.57% above the market average87.57% above the market average87.57% above the market average87.57% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Carclo Dividends

  Latest Previous
  Final Interim
Ex-Div n/a 03-Mar-16
Paid n/a 05-Apr-16
Amount 0.000p 0.90p

Trades for 17-Jun-2024

Time Volume / Share Price
10:32 20,000 @ 18.52p
09:42 5,266 @ 18.80p
09:40 2,000 @ 18.52p
08:10 85 @ 18.10p
08:10 110 @ 18.10p

Carclo Key Personnel

CFO Eric G Hutchinson
CEO Frank Doorenbosch

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