CAA - Capral Aluminium
- Thread starter Dutchy3
- Start date
-
- Tags
- caa capral aluminium
CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
- Posts
- 11,543
- Reactions
- 519
- Joined
- 21 April 2005
- Posts
- 3,922
- Reactions
- 5
Why do both of your charts show a different price?
77cents
Dutchy 1.40ish
Dutchy,
What is your target?
77cents
Dutchy 1.40ish
Dutchy,
What is your target?
Kauri
E/W Learner
- Joined
- 3 September 2005
- Posts
- 3,428
- Reactions
- 11
Snake... I think that Dutchies chart is 2006.. whereas Cannies is 2007....
Cheers...
Kauri
- Joined
- 21 April 2005
- Posts
- 3,922
- Reactions
- 5
ha,ha...
I'll check the post date in future. I assumed it was recent
I didn't even think about looking at that. Thanks for the help.
Cheers
Snake
- Joined
- 4 September 2008
- Posts
- 85
- Reactions
- 0
Anyone know alot about this company?
There shares have been travelling south for some time, however they recently appointed Phillip Jobe of Boral, and the share price jumped from 4c to 8c.
There shares have been travelling south for some time, however they recently appointed Phillip Jobe of Boral, and the share price jumped from 4c to 8c.
- Joined
- 4 September 2008
- Posts
- 85
- Reactions
- 0
Ok, I have been watching this company over the past couple of days, and I am hoping that someone might be able to explain something, that to me appears a little bit odd.
Their shares are currently fluctuating between 7.6c and 8.4c, however there is not a great deal of volume.
Over the past couple of days, there seem to have been some decent trades, at around $2000, and $5000 at around the 8.2c mark.
However over the same couple of days, there has been some bizarre trades. Yesterday there was 530 shares traded at 7.6c ($40.28) and today there is another trade of 480 shares at 7.6c ($36.48). I have noticed that this also happened a couple of days leading up aswell.
Why would someone be trading $40.28 worth of shares at a time, when brokerage would just about eat that up? Why does it keep happening at the 7.6c mark?
I understand that if shares are traded, and either the buyer or sellers trade is not fully matched, that there might be a small amount left over, but it is continually happenning, at the 7.6c mark, which seems a bit odd.
I don't really have a logical explanation to it, apart from the fact that for one reason or another, someone is trying to make it look as though the shares are trading constantly at around the 7.6c mark.
Any thoughts?
Their shares are currently fluctuating between 7.6c and 8.4c, however there is not a great deal of volume.
Over the past couple of days, there seem to have been some decent trades, at around $2000, and $5000 at around the 8.2c mark.
However over the same couple of days, there has been some bizarre trades. Yesterday there was 530 shares traded at 7.6c ($40.28) and today there is another trade of 480 shares at 7.6c ($36.48). I have noticed that this also happened a couple of days leading up aswell.
Why would someone be trading $40.28 worth of shares at a time, when brokerage would just about eat that up? Why does it keep happening at the 7.6c mark?
I understand that if shares are traded, and either the buyer or sellers trade is not fully matched, that there might be a small amount left over, but it is continually happenning, at the 7.6c mark, which seems a bit odd.
I don't really have a logical explanation to it, apart from the fact that for one reason or another, someone is trying to make it look as though the shares are trading constantly at around the 7.6c mark.
Any thoughts?
GPG is the majority shareholder with about 53% when I last looked. So you could try asking Ron Brierley!
I made the mistake of following them into CAA a few years ago but cut my losses at about the 40c mark when there were a spate of cash issues. The theory always was that GPG were planning some rationalisation involving CAA and CSR's aluminium business but it's never happened. Whether it ever will is anyone's guess, IMO.
Perhaps someone's trying to establish a floor to pitch an offer, but that's pure speculation on my part.
I made the mistake of following them into CAA a few years ago but cut my losses at about the 40c mark when there were a spate of cash issues. The theory always was that GPG were planning some rationalisation involving CAA and CSR's aluminium business but it's never happened. Whether it ever will is anyone's guess, IMO.
Perhaps someone's trying to establish a floor to pitch an offer, but that's pure speculation on my part.
This company is one of our suppliers and let me say they are the most useless company I have ever had the displeasure of dealing with.
They have supply & logistic problems, service is crap and management borders on incompetent. They must blow mountains of cash on freight alone - our monthly stock order of around $20k generally comes in 4-5 seperate deliveries all FIS.
The only reason we still deal with them is due to the actual product being very good. For a company with such good products to not be able to make money says it all imo.
They have supply & logistic problems, service is crap and management borders on incompetent. They must blow mountains of cash on freight alone - our monthly stock order of around $20k generally comes in 4-5 seperate deliveries all FIS.
The only reason we still deal with them is due to the actual product being very good. For a company with such good products to not be able to make money says it all imo.
- Joined
- 4 September 2008
- Posts
- 85
- Reactions
- 0
From the below article, it would appear that Capral have thrown their weight behind the new CEO in order to try and turn the company around. Whether this happens or not is anyones guess, but there was specualtion on the announcement of his appointment that it would.
Boral top job for Severin
THE promotion of Boral's US boss, Emery Severin, now seems assured, with his main domestic rival, Phil Jobe, agreeing to try to resurrect the struggling aluminium products group Capral.
Jobe will replace Robin Freeman, who quit after four years in the job yesterday.
Jobe has been running Boral's cement division, which will be split into two, with Warren Davison running the construction arm and Mike Beardsell the cement division.
Boral boss Rod Pearse's contract expires at year's end and while he is yet to confirm the move, he is widely expected to be retiring.
Capral's largest shareholder is GPG and Jobe will take on a three-year contract with an unusual twist.
His base pay will be $1.2 million year, plus a $300,000 sign, a minimum $800,000 a year for the first two years as a short-term incentive, long-term incentives and a generous option deals.
If he leaves before the three years are up, other than for a cause, he will collect $4.4 million in termination pay less any base pay and short-term incentives paid.
This means if he leaves after the first year, he would automatically collect $2.4 million.
Boral's Severin has long been tipped as the man both chairman Ken Moss and Pearse have wanted as the next boss.
http://www.theaustralian.news.com.au/story/0,25197,25148810-5013407,00.html
Boral top job for Severin
THE promotion of Boral's US boss, Emery Severin, now seems assured, with his main domestic rival, Phil Jobe, agreeing to try to resurrect the struggling aluminium products group Capral.
Jobe will replace Robin Freeman, who quit after four years in the job yesterday.
Jobe has been running Boral's cement division, which will be split into two, with Warren Davison running the construction arm and Mike Beardsell the cement division.
Boral boss Rod Pearse's contract expires at year's end and while he is yet to confirm the move, he is widely expected to be retiring.
Capral's largest shareholder is GPG and Jobe will take on a three-year contract with an unusual twist.
His base pay will be $1.2 million year, plus a $300,000 sign, a minimum $800,000 a year for the first two years as a short-term incentive, long-term incentives and a generous option deals.
If he leaves before the three years are up, other than for a cause, he will collect $4.4 million in termination pay less any base pay and short-term incentives paid.
This means if he leaves after the first year, he would automatically collect $2.4 million.
Boral's Severin has long been tipped as the man both chairman Ken Moss and Pearse have wanted as the next boss.
http://www.theaustralian.news.com.au/story/0,25197,25148810-5013407,00.html
- Joined
- 4 September 2008
- Posts
- 85
- Reactions
- 0
Nomore4s, I believe the new boss starts this week, and one would imagine that he would be addressing the issues that you highlighted.
Although your post paints a pretty poor picture of the company, it is promising to hear that despite all of their problems, you still use them because they have a great product. No doubt the new boss would know that the products they produce are quite good, and will be focusing on all of the other problems that are holding the company back.
Although your post paints a pretty poor picture of the company, it is promising to hear that despite all of their problems, you still use them because they have a great product. No doubt the new boss would know that the products they produce are quite good, and will be focusing on all of the other problems that are holding the company back.
Problem is they are on their last chance with us. They have promised to address some issues and have changed a few things and we have agreed to give them 3 months to see how these changes go. We are apparently in the top 20 customers Aust wide for the product we use (showerscreens).
We have a few large jobs pending atm and if we do win these jobs we are going to give a rival supplier a chance to quote/supply for this large contract as it makes it worthwhile to change.
There is no doubt this company could be profitable if run correctly but it will be a hard job to change the culture and some of the structures this company currently has in place - I hope the new boss succeeds as it will also make my company more profitable
- Joined
- 4 September 2008
- Posts
- 85
- Reactions
- 0
There was an address from the Chairman and Managing Director made on Friday, you can view it in full here http://www.asx.com.au/asxpdf/20090424/pdf/31h6s9f75b6k61.pdf
Some interesting quotes from the Managing Director include:
This is my eighth day in the job and visits to Capral's largest manufacturing and distribution facility at Bremer Park in Queensland as well as the Penrith manufacturing facility have occurred, with plans to spend time in Victoria, South Australia and Western Australia operations and with customers over the next 14 days. A number of one-to-one meetings have already taken place with managers and staff and more are scheduled. I will also be completing a strategic organisational review in the first 3 months.
&
In closing, I am pleased with the clear mandate and support given by the Board to make necessary changes within Capral. I want to assure you that I will use my experience, skills and energy to contribute to the long sought after turnaround of Capral for the benefit of all stakeholders, including our shareholders.
The address from the Managing Director sounds quite encouraging. Although there is a lot of work to be done, it looks as though he is taking a sensible approach, by starting at the root of all the problems. It is also encouraging to learn that he is visiting customers, and hearing what they have to say. He sounds quite confident of a trunaround, however it is one thing to talk the talk, and another to walk the walk. In saying that though, he does have quite an impressive track record.
Some interesting quotes from the Managing Director include:
This is my eighth day in the job and visits to Capral's largest manufacturing and distribution facility at Bremer Park in Queensland as well as the Penrith manufacturing facility have occurred, with plans to spend time in Victoria, South Australia and Western Australia operations and with customers over the next 14 days. A number of one-to-one meetings have already taken place with managers and staff and more are scheduled. I will also be completing a strategic organisational review in the first 3 months.
&
In closing, I am pleased with the clear mandate and support given by the Board to make necessary changes within Capral. I want to assure you that I will use my experience, skills and energy to contribute to the long sought after turnaround of Capral for the benefit of all stakeholders, including our shareholders.
The address from the Managing Director sounds quite encouraging. Although there is a lot of work to be done, it looks as though he is taking a sensible approach, by starting at the root of all the problems. It is also encouraging to learn that he is visiting customers, and hearing what they have to say. He sounds quite confident of a trunaround, however it is one thing to talk the talk, and another to walk the walk. In saying that though, he does have quite an impressive track record.
- Joined
- 4 September 2008
- Posts
- 85
- Reactions
- 0
Interesting article here for Capral http://www.marketwatch.com/news/sto...CC5D8-4008-48B2-8C38-A60EAFB44FA7}&dist=msr_1
- Joined
- 4 September 2008
- Posts
- 85
- Reactions
- 0
I see there is an announcment on a new CFO. Could be one of the changes that the company needs.
On the other hand though, one would need to hope that it is not a case of the CFO jumping out of a sinking ship.
http://www.asx.com.au/asxpdf/20090526/pdf/31hs5xxm9prp1y.pdf
Could potentially be a good move, considering the share price has continued to slide from $2.50 to below 10c in the time the recently resigned CFO was there.
On the other hand though, one would need to hope that it is not a case of the CFO jumping out of a sinking ship.
http://www.asx.com.au/asxpdf/20090526/pdf/31hs5xxm9prp1y.pdf
Could potentially be a good move, considering the share price has continued to slide from $2.50 to below 10c in the time the recently resigned CFO was there.
- Joined
- 4 September 2008
- Posts
- 85
- Reactions
- 0
For a stock that has had very little interest of late, there have been some strong orders placed on the buy side.
438,733 @ 8c
92,500 @ 7.5c
116,258 @ 7c
There seems to be something brewing in the pipleine. Lets just hope that its not a sewer pipe.
Can you smell what the rock is cooking!!!
438,733 @ 8c
92,500 @ 7.5c
116,258 @ 7c
There seems to be something brewing in the pipleine. Lets just hope that its not a sewer pipe.
Can you smell what the rock is cooking!!!
It's probably a re-surfacing of the theory that one day GPG will be instrumental in a breaking up of CSR and a merging of CSR's and CAA's aluminium businesses ( and CRS's sugar business with Maryborough Sugar).
Given new legs by CSR's recent announcement.
Given new legs by CSR's recent announcement.
- Joined
- 4 September 2008
- Posts
- 85
- Reactions
- 0
You are probably right old blue, but it seems to have given investors some legs on this forgotten stock
Today there were another 900,000 shares traded, as high as 9c.
The buy side has also just about bled the sell side dry.
Today there were another 900,000 shares traded, as high as 9c.
The buy side has also just about bled the sell side dry.
