Posts in LSE:CGS

A small-cap stock I’d buy alongside Rolls-Royce Holding plc for 2018

There's no denying the last few years have been tough on the UK's engineering industry, which resulted in a three-year slide for Rolls-Royce Holding (LSE:RR). Earnings per share more than halved, and the dividend was slashed by almost the same amount.

But after a big slump in 2008/09, UK manufacturing output has been steadily recovering, and the latest figures show the Manufacturing Index at its highest level in 10 years. Global economic growth has helped, and the weakening of the pound since the Brexit referendum has given Britain's exports a significant boost.

Castings to take hit from project write-downs

Castings said the performance of the foundry businesses continues to be in line with market expectations supported by steady demand from its commercial vehicle customer base.

Castings said that following the change of management and completion of the review of the machining operation, certain projects had been identified that were not considered suitable for the group.

It said the total cost of exiting these projects was £1.3m which comprised write-downs of specific capital and tooling equipment and exiting contract commitments to purchase equipment.

15 stocks in the 'buy zone'

15 stocks in the 'buy zone'

After rejigging the algorithm and reassessing every share ranked by his Decision Engine stock screener, companies analyst Richard Beddard has a lot to report on.

Director Deals - Castings PLC (CGS)

Brian Cooke, Chairman, bought 2,000 shares in the company on the 10th November 2017 at a price of 437.00p. The Director now holds 8,000 shares.

Director deals data provided by www.directorsholdings.com

Director Deals - Castings PLC (CGS)

Brian Cooke, Chairman, bought 3,000 shares in the company on the 10th November 2017 at a price of 425.00p. The Director now holds 6,000 shares.

Director deals data provided by www.directorsholdings.com

One dividend growth stock I’d buy alongside Centrica plc

Centrica (LSE:CNA) is one of the FTSE 100's highest-yielding shares at the present time. In the current financial year it is expected to have a dividend yield of 7.2%. This is more than twice the rate of inflation and could help investors to address concerns about being able to obtain a real income return over the medium term.

However, there are other companies which could do likewise. Reporting on Friday was one stock which could offer high dividend growth potential in the long run.

Castings first half profits fall despite higher sales

Pre-tax profits at Castings fell to £5.9m in the six months to the end of September - down from £7.1m last time - but sales of £61.7m were up from £57.9m a year ago.

The group said that as previously reported customer demand during the period remained steady with output of 23,500 tonnes (2016 - 23,600 tonnes) and external sales revenue up 7.9% to £58.5m.

It said the revenue figure included the impact of rising steel scrap prices during the period which had been passed on to customers.

Castings schedules results announcement

Castings has confirmed that the Company intends to announce interim results for the six months ended 30 September on 10 November.

At 2:12pm: (LON:CGS) Castings PLC share price was 0p at 466.5p

Broker Forecast - Peel Hunt issues a broker note on Castings PLC

Peel Hunt today downgrades its investment rating on Castings PLC (LON:CGS) to hold (from add) and left its price target at 460p.

Could these 2 bargain small-cap stocks make you a million?

Shares in engineer Avingtrans (LSE:AVG) are sliding today after the company reported its results for the year ended 31 May. 

And while the headline figures were disappointing, I believe that this is the perfect opportunity for long-term investors to get involved in the group's growth story.