News blog

Chamberlin

  • BY: Andrew Hore |
  • POSTED: 11/10/2011 |

All three of the foundries operated by Chamberlin are running at pre-recession levels as demand continues to improve.

The cost base has been cut in the intervening period. Dual sourcing is increasingly being used by customers and Chamberlin is competitive with the cost of imported products from low cost countries. Trading is in line with expectations.

Chamberlin is still on the lookout for acquisitions.

finnCap forecasts a profit of £1.6m for the year to March 2012.Interim figures will be published at the end of November.

At 123p a share, Chamberlin is valued at £9.6m. the shares are still trading at less than ten times forecast earnings for 2011-12.

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