공시 • Apr 05
Chamberlin plc Announces Resignation of Alan Tomlinson as Finance Director, Effective 10 May 2024 Chamberlin plc announced that Alan Tomlinson has decided to leave his role as Finance Director to pursue other business interests and, following an orderly handover to the Company's finance team, will leave the Company on 10 May 2024. New Risk • Feb 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 81% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (81% accrual ratio). Market cap is less than US$10m (UK£3.32m market cap, or US$4.20m). Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Shareholders have been diluted in the past year (43% increase in shares outstanding). New Risk • Feb 22
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Market cap is less than US$10m (UK£3.68m market cap, or US$4.66m). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (43% increase in shares outstanding). 공시 • Jan 10
Chamberlin plc has completed a Follow-on Equity Offering in the amount of £0.83 million. Chamberlin plc has completed a Follow-on Equity Offering in the amount of £0.83 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 31,350,000
Price\Range: £0.02
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,150,000
Price\Range: £0.02
Transaction Features: Subsequent Direct Listing Reported Earnings • Dec 01
Full year 2023 earnings released: UK£0.001 loss per share (vs UK£0.001 profit in FY 2022) Full year 2023 results: UK£0.001 loss per share (down from UK£0.001 profit in FY 2022). Revenue: UK£20.7m (up 23% from FY 2022). Net loss: UK£125.0k (down 274% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. 공시 • Dec 01
Chamberlin plc Provides Earnings Guidance for the Fiscal Year 2024 Chamberlin plc provided earnings guidance for the fiscal year 2024. Whilst having delivered incrementally modest improvements to operating performance in the last two years, the Board firmly believes that all of the Group's businesses will make further progress in 2024 and that Chamberlin will deliver the step change in performance have been working towards. The Board is anticipating a further increase in revenue of between 15% and 20% and profit after tax of between £0.8m and £1.0m in FY24. New Risk • Nov 30
New major risk - Revenue and earnings growth Revenue has declined by 1.9% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-UK£531k). Revenue has declined by 1.9% over the past year. Market cap is less than US$10m (UK£3.38m market cap, or US$4.27m). Minor Risks Latest financial reports are more than 6 months old (reported November 2022 fiscal period end). Shareholders have been diluted in the past year (30% increase in shares outstanding). New Risk • Sep 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-UK£531k). Market cap is less than US$10m (UK£4.14m market cap, or US$5.12m). Minor Risks Latest financial reports are more than 6 months old (reported November 2022 fiscal period end). Shareholders have been diluted in the past year (30% increase in shares outstanding). New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-UK£531k). Market cap is less than US$10m (UK£4.07m market cap, or US$5.15m). Minor Risks Latest financial reports are more than 6 months old (reported November 2022 fiscal period end). Shareholders have been diluted in the past year (30% increase in shares outstanding). Reported Earnings • Mar 01
First half 2023 earnings released: UK£0.003 loss per share (vs UK£0.001 profit in 1H 2022) First half 2023 results: UK£0.003 loss per share (down from UK£0.001 profit in 1H 2022). Revenue: UK£10.5m (up 25% from 1H 2022). Net loss: UK£281.0k (down UK£317.0k from profit in 1H 2022). Revenue is forecast to grow 10% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. 공시 • Jan 27
Chamberlin plc has completed a Follow-on Equity Offering in the amount of £0.65 million. Chamberlin plc has completed a Follow-on Equity Offering in the amount of £0.65 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,696,970
Price\Range: £0.033
Transaction Features: Subsequent Direct Listing Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chairman Keith Butler-Wheelhouse was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • May 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.8%. The fair value is estimated to be UK£0.061, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 7.8%. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chairman Keith Butler-Wheelhouse was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 22
Board Member recently bought UK£80k worth of stock On the 18th of March, Trevor Brown bought around 2m shares on-market at roughly UK£0.045 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Dec 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: UK£0.47 loss per share (down from UK£0.22 loss in FY 2020). Revenue: UK£22.7m (down 10% from FY 2020). Net loss: UK£8.21m (loss widened 374% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. Executive Departure • Jun 05
Independent Non-Executive Director David Flowerday has left the company On the 31st of May, David Flowerday's tenure as Independent Non-Executive Director ended after 3.2 years in the role. We don't have any record of a personal shareholding under David's name. A total of 2 executives have left over the last 12 months. Executive Departure • Jun 05
Finance Director, Company Secretary & Director Neil Davies has left the company On the 31st of May, Neil Davies' tenure as Finance Director, Company Secretary & Director ended after 2.5 years in the role. We don't have any record of a personal shareholding under Neil's name. A total of 2 executives have left over the last 12 months. 공시 • Feb 20
Chamberlin plc announced that it has received £0.2 million in funding Chamberlin plc (AIM:CMH) announced a private placement of unsecured convertible loan note for gross proceeds of £200,000 on February 19, 2021. The transaction included participation from Mr Trevor Brown. These notes will automatically convert into 3,333,333 new ordinary shares at a conversion price of AUB 0.06 per new ordinary share. 공시 • Feb 19
Chamberlin plc Appoints Trevor Brown as a Non-Executive Director Chamberlin plc announced that alongside the issuance of the Notes, the Board has also agreed that, upon Conversion and conditional on the passing of the Resolutions at the General Meeting, Trevor Brown will be appointed as a non-executive director to the Company. Trevor Brown has worked as a director in a number of businesses over many years and is currently CEO of IQ-AI Limited, CEO of Braveheart Investment Group plc and a non-executive director of Remote Monitored Systems plc. He was previously a director of Feedback plc, Management Resource Solutions plc and Advanced Oncotherapy plc. 공시 • Jan 22
Chamberlin plc Announces BorgWarner's Intention to Cancel All Contracts with Effect from 22 January 2021 Chamberlin plc announced on December 16, 2020 BorgWarner's intention to cancel all contracts with effect from January 22, 2021. However the Company advises that it has now received revised orders from BorgWarner through to March 22, 2021.