Proactiveinvestors Australia Carclo https://www.proactiveinvestors.com.au Proactiveinvestors Australia Carclo RSS feed en Mon, 22 Jul 2019 03:22:57 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Directorate Change ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190704070006_14135982/ Thu, 04 Jul 2019 16:00:06 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190704070006_14135982/ <![CDATA[RNS press release - Wipac Strategy Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190611070006_14105666/ Tue, 11 Jun 2019 16:00:06 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190611070006_14105666/ <![CDATA[RNS press release - Change of results announcement date ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190603070010_14095200/ Mon, 03 Jun 2019 16:00:10 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190603070010_14095200/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190521102011_14081773/ Tue, 21 May 2019 19:20:11 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190521102011_14081773/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190514070001_14072341/ Tue, 14 May 2019 16:00:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190514070001_14072341/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190503163948_14063169/ Sat, 04 May 2019 01:39:48 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190503163948_14063169/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190423112042_14048432/ Tue, 23 Apr 2019 20:20:42 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190423112042_14048432/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190418093234_14046216/ Thu, 18 Apr 2019 18:32:34 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190418093234_14046216/ <![CDATA[RNS press release - Year-End Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190417070003_14043808/ Wed, 17 Apr 2019 16:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190417070003_14043808/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190326120726_14016256/ Tue, 26 Mar 2019 23:07:26 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190326120726_14016256/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190326120217_14016249/ Tue, 26 Mar 2019 23:02:17 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190326120217_14016249/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190226070026_13981250/ Tue, 26 Feb 2019 18:00:26 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190226070026_13981250/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190222105247_13978892/ Fri, 22 Feb 2019 21:52:47 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190222105247_13978892/ <![CDATA[RNS press release - Appointment of Chief Operating Officer ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190219093940_13974140/ Tue, 19 Feb 2019 20:39:40 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190219093940_13974140/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190219091631_13974100/ Tue, 19 Feb 2019 20:16:31 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190219091631_13974100/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190207153251_13962319/ Fri, 08 Feb 2019 02:32:51 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190207153251_13962319/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190206175723_13960903/ Thu, 07 Feb 2019 04:57:23 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190206175723_13960903/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190206135749_13960669/ Thu, 07 Feb 2019 00:57:49 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190206135749_13960669/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190206135604_13960666/ Thu, 07 Feb 2019 00:56:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190206135604_13960666/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190206115145_13960488/ Wed, 06 Feb 2019 22:51:45 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190206115145_13960488/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190206115121_13960487/ Wed, 06 Feb 2019 22:51:21 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190206115121_13960487/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190131111245_13953712/ Thu, 31 Jan 2019 22:12:45 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190131111245_13953712/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190116123755_13936922/ Wed, 16 Jan 2019 23:37:55 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190116123755_13936922/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190116114312_13936852/ Wed, 16 Jan 2019 22:43:12 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190116114312_13936852/ <![CDATA[RNS press release - Trading Statement ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190111070004_13931206/ Fri, 11 Jan 2019 18:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20190111070004_13931206/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20181121144922_13875888/ Thu, 22 Nov 2018 01:49:22 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20181121144922_13875888/ <![CDATA[RNS press release - Half-year Report ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20181113070006_13864175/ Tue, 13 Nov 2018 18:00:06 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20181113070006_13864175/ <![CDATA[RNS press release - Trading Update ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20181012070004_13826117/ Fri, 12 Oct 2018 17:00:04 +1100 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20181012070004_13826117/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180829170839_13771986/ Thu, 30 Aug 2018 02:08:39 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180829170839_13771986/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180813113926_13753196/ Mon, 13 Aug 2018 20:39:26 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180813113926_13753196/ <![CDATA[RNS press release - Form 8.3 - [Carclo plc] ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180809080845_13749488/ Thu, 09 Aug 2018 17:08:45 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180809080845_13749488/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) Consort Medical Plc ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180809072453_13749434/ Thu, 09 Aug 2018 16:24:53 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180809072453_13749434/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) - Carclo Plc ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180809072040_13749432/ Thu, 09 Aug 2018 16:20:40 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180809072040_13749432/ <![CDATA[RNS press release - Form 8.3 - [Carclo plc] ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180808084604_13747910/ Wed, 08 Aug 2018 17:46:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180808084604_13747910/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180807134609_13746863/ Tue, 07 Aug 2018 22:46:09 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180807134609_13746863/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) - Carclo Plc ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180807120001_13746733/ Tue, 07 Aug 2018 21:00:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180807120001_13746733/ <![CDATA[RNS press release - Form 8.3 - [Carclo plc] ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180807103600_13746549/ Tue, 07 Aug 2018 19:36:00 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180807103600_13746549/ <![CDATA[RNS press release - Statement re withdrawal of Consort Medical plc ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180807094308_13746373/ Tue, 07 Aug 2018 18:43:08 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180807094308_13746373/ <![CDATA[RNS press release - Consort Medical No Intention to Bid for Carclo plc ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180807082340_13746209/ Tue, 07 Aug 2018 17:23:40 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180807082340_13746209/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) Consort Medical Plc ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180803120004_13743417/ Fri, 03 Aug 2018 21:00:04 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180803120004_13743417/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) Consort Medical Plc ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180802120001_13741719/ Thu, 02 Aug 2018 21:00:01 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180802120001_13741719/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180801145237_13740172/ Wed, 01 Aug 2018 23:52:37 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180801145237_13740172/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) Consort Medical Plc ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180801120003_13739910/ Wed, 01 Aug 2018 21:00:03 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180801120003_13739910/ <![CDATA[RNS press release - Form 8 (DD) - Carclo ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180801094717_13739491/ Wed, 01 Aug 2018 18:47:17 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180801094717_13739491/ <![CDATA[RNS press release - Form 8 (DD) - Carclo ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180801094115_13739477/ Wed, 01 Aug 2018 18:41:15 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180801094115_13739477/ <![CDATA[RNS press release - Performance Share Plan ]]> https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180801093811_13739474/ Wed, 01 Aug 2018 18:38:11 +1000 https://www.proactiveinvestors.com.au/companies/rns/3236/LSE20180801093811_13739474/ <![CDATA[News - Carclo shares jump after rejecting a 116p a share takeover approach from Consort Medical ]]> https://www.proactiveinvestors.com.au/companies/news/199951/carclo-shares-jump-after-rejecting-a-116p-a-share-takeover-approach-from-consort-medical-199951.html Carclo PLC (LON:CAR) shares jumped higher in early trading on Monday after Consort Medical PLC (LON:CRST) revealed it made a 116p per share takeover approach at the end of May which the global technical plastics products supplier rejected.

In a statement, Consort - which makes drug delivery devices such as inhalers - said Carclo has also rejected subsequent requests from it for a meeting to discuss its proposal.

READ: Carclo dips as profits fall during “disappointing” year of trading

Consort noted that its non-binding, all-share acquisition proposal represents a premium of approximately 43.6% to Carclo's closing share price of 80.8p last Friday.

As of June 29, it added, the valuation implied an exchange ratio of 0.0973 Consort shares for each Carclo share.

The predator company said it believes that the proposal "offers shareholders in Carclo an attractive upfront premium along with meaningful participation in the value creation over time as benefits of combining Bespak and Carclo Technical Plastics are realised."

Carclo, as at 11.00am, had issued no response to Consort’s statement.

In late morning trading, Carclo shares were 18.8% higher at 91.6p, while Consort shares were unchanged at 1,192.00p each.

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Mon, 02 Jul 2018 11:05:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199951/carclo-shares-jump-after-rejecting-a-116p-a-share-takeover-approach-from-consort-medical-199951.html
<![CDATA[News - Carclo dips as profits fall during “disappointing” year of trading ]]> https://www.proactiveinvestors.com.au/companies/news/198263/carclo-dips-as-profits-fall-during-disappointing-year-of-trading-198263.html Shares in Carclo PLC (LON:CAR) edged lower on Tuesday after the plastic components manufacturer reported a dive in profits during a “disappointing” year of trading.

A profit warning back in January helped to prepare investors, with Carclo stating at the time that unexpected delays in securing big contracts in its Technical Plastics and Wipac units would negatively affect results.

READ: Carclo plummets on profit warning

For the 12 months through to March 31, the Yorkshire-based group posted a 6% rise in revenues to £146.2mln (2017: £138.2mln).

But pre-tax profits fell by almost a fifth to £9.9mln (2017: £12.0mln), with Carclo also blaming “some weaknesses in operational performance” for the dip.

“While the year has been disappointing, the board remains confident in the underlying strength of the group and its people to recapture the momentum of recent years and to drive significant value for our shareholders in the future,” said chairman Michael Derbyshire, who is to retire next month.

He added: “The group has taken immediate action to improve operational performance and following a full operational review has implemented a significant number of improvements across its operations.”

Shares fell 3.8% to 86.2p on Tuesday.

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Tue, 05 Jun 2018 10:05:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198263/carclo-dips-as-profits-fall-during-disappointing-year-of-trading-198263.html
<![CDATA[News - Carclo stock plummets amid shake-up, profit warnings ]]> https://www.proactiveinvestors.com.au/companies/news/190021/carclo-stock-plummets-amid-shake-up-profit-warnings-190021.html Shares of Carclo PLC (LON:CAR) lost nearly half their value Monday morning after the plastics maker issued multiple profit warnings and announced the departures of key executives, including the chairman.

Investors sent shares about 47% lower to £66.30 on news that the group faced unexpected delays securing big contracts in its Technical Plastics and Wipac units that would negatively affect results.

The board said it now expects to miss second-half guidance and anticipates full-year profits for the year ending March 31 to be “significantly” below guidance due to the setbacks, though the board did say that it still expects healthy year-on-year growth.

The company also noted that its medium-term outlook remains positive on the strength of its LED Technologies business.

Chairman, CFO to step down

The company also announced that chairman Michael Derbyshire will retire in July after nearly six years and 12 years as non-executive director.

Mark Rollins, who joined the board as non-executive director in January, has been named Derbyshire’s successor.

Also departing is finance director Robert Brooksbank, who will leave March 31 after 14 years with the company. Financial Controller Richard Ottaway will act as interim chief financial officer until a permanent successor is found, the company said.

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Mon, 15 Jan 2018 10:33:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190021/carclo-stock-plummets-amid-shake-up-profit-warnings-190021.html
<![CDATA[News - Carclo to close diagnostics arm ]]> https://www.proactiveinvestors.com.au/companies/news/125965/carclo-to-close-diagnostics-arm-125965.html Technical plastics manufacturer Carclo (LON:CAR) is planning to close its diagnostics business.

Carclo said a review of the division, which was set up to commercialise self-reading point-of-care diagnostics technology, had failed to find any credible options for taking it forward.

The group also said the business would have needed rising investment and future commercial success was uncertain.

It has decided instead to focus on its two main divisions, technical plastics and LED technology.

“The board views the excellent growth prospects in both these divisions as the key drivers of group future performance,” it said.

Carclo will end its £1.5mln a year investment in the diagnostics business and will take a £1mln cost for closing it.

It plans to absorb the CDS intellectual property rights within the technical plastics division whilst it explores options to sell or license them.

Chief executive Chris Malley said: “The group's core focus and growth opportunities sit within our two main divisions, technical plastics and LED technologies, both of which are performing well."

Carclo gets about 60% of revenue from supplying fine tolerance, injection-moulded plastic components, mainly for medical products.

The rest comes mainly from designing and supplying specialised injection-moulded LED-based lighting systems to the low-volume premium automotive industry.

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Mon, 16 May 2016 10:58:00 +1000 https://www.proactiveinvestors.com.au/companies/news/125965/carclo-to-close-diagnostics-arm-125965.html