Management Resource Solu... Share Discussion Threads

[smoggyg] 18/9/2018 08:30

troutisout,I have read 12bms posts before,he was a stalker on 12bns Kod thread,note the name similarity. I wouldn't be surprised if he turns up on here as a smoggyG. Click on his name and then on 'posts' and you will see what he is really like.

[smoggyg] 18/9/2018 08:25

This will come good sooner or later John. MRS could be making up to 3p a share already, with more in the future,the company has already said 'on target for over 2p a share'. The share price is too low on fundamentals imo.

[john henry] 18/9/2018 08:20

Started selling a little earlier than normal.

[smoggyg] 18/9/2018 08:11

I think we have a deramper here,look at the only 2 other posts on MRS from this 12bm person.///////12bm - 18 Sep 2018 - 05:41:40 - 2081 of 2085 Management Resource Solutions PLC - MRS
Looking into this with a view to investing. This RNS caught my eye,


The Board is pleased to announce that its wholly-owned subsidiary, Bachmann Plant Hire Pty Ltd ("BPH"), have acquired a Hitachi ZX470 CH3 Excavator.

and this,

The Board is pleased to announce that its wholly-owned subsidiary, MRS Services Group Pty Ltd ("MRSSG"), have acquired a CAT D11T Bulldozer.

So is it just the one of each?
12bm - 17 Sep 2018 - 14:37:54 - 2073 of 2085 Management Resource Solutions PLC - MRS
Good afternoon.

Does anyone know why one of the major shareholders has been selling?

[troutisout] 18/9/2018 08:08

Yes they recently bought one of each to add to their fleet.
If you read the further contract RNSs I believe it states one was bought for a certain contract.
Have you looked at the cost/value of these machines (even second hand)?

[12bm] 18/9/2018 08:04

If anyone more mature can answer, I'd be grateful.

[smoggyg] 18/9/2018 07:15

I think that MRS has 2 black buckets, a spade and a rake as well. They are considering buying another black bucket, once they have finance in place.

[12bm] 18/9/2018 05:41

Looking into this with a view to investing. This RNS caught my eye,


The Board is pleased to announce that its wholly-owned subsidiary, Bachmann Plant Hire Pty Ltd ("BPH"), have acquired a Hitachi ZX470 CH3 Excavator.

and this,

The Board is pleased to announce that its wholly-owned subsidiary, MRS Services Group Pty Ltd ("MRSSG"), have acquired a CAT D11T Bulldozer.

So is it just the one of each?

[f3rdinand] 17/9/2018 16:30

Looking really strong at close today! Either there's a large buy in the system or the MM's have got wind of something ;)

[smoggyg] 17/9/2018 16:19

Management Resource Solutions Share Price (MRS)
8.10
-0.05 (-0.61%)
Bid price 7.90 Open price 8.06
Ask price 8.30 Prev close 8.15
High price 8.20 Spread 4.82%
Low price 7.82 Volu////// bid up to 7.90p,it looks like the MMs are wanting a few more shares.

[f3rdinand] 17/9/2018 16:19

Lots of interesting chat and contrarian views here today but let's keep it simple...In a few weeks/ months MRS are very likely to announce profits of around £4 million while having a market cap of under £16 million. Now no matter what you think of the board/ future prospects we are well undervalued using any metric you so desire!

Added to this MRS are servicing a booming coal industry and are clearly looking to diversify their work- as per Fridays announcement! They are also paying down their debt at increasing speed as was announced during the interims! It's a no brainer at these levels; a bit of patience will be richly rewarded!

Oh and just to add: the chart is looking beautiful and ready for a big rise! AIMHO

[lufc5] 17/9/2018 15:41

If people are in these for medium term ie 12 - 36 months, why bang on about results when they're not due out for maybe 2-3 months?

[oilisgold] 17/9/2018 15:18

When the results have been audited....lol

Its an independent process and because of historic problems with MRS previous board, the board need to be very carefull. So, extra care is being taken.

[john henry] 17/9/2018 15:04

Ive emailed the company several times asking when the audited accounts are expected to be announced to the market.

No Reply.

[oilisgold] 17/9/2018 14:48

You need to look back at MRS history and make your own judgment. It was dark days for shareholders here few years back....the previous directors milked the company and left it in a bad state. Recovery stock in my opinion and hence a lot of shareholders are awaiting final figures before making an entry. 15p gap catches my eye

[12bm] 17/9/2018 14:37

Good afternoon.

Does anyone know why one of the major shareholders has been selling?

[unionhall] 17/9/2018 14:26

No doubt about that....

[smoggyg] 17/9/2018 13:03

A p/e of 10 I don't think is massive but if the earnings are your 2.7p to 3p a p/e of 6 gives 16.2p to 18p,so MRS is undervalued at present,imo.

[unionhall] 17/9/2018 11:11

"On a p/e of 10 the share price should be 20p,,,,"

A P/e of 10 seems very steep given the level of debt and the fact that this company cannot expand massively as it is constrained by labour and equipment.


On the plus side the 2nd half of 2017/8 EPS must be 1.2p or more so the current run rate is 2.4p for a full year - not including growth.

So prospective EPS for 2018/19 may be perhaps from 2.7 to 3p.

Hopefully the company will update us on this in the annual results commentary.

[smoggyg] 17/9/2018 11:06

With over 2p a share in earnings then on a p/e 10 the share price should be 20p. This 2p a share has been forecasted by the company and sooner or later it will arrive imo. My guess is Nov/Dec,so not long to wait.

[dave4545] 17/9/2018 09:31

Yas

As I sit here most mornings I make short term comments on my stocks on the forums. Not sure I have said 30p. My target is a sensible re-rating in the price and for me to take out my original stake and leave a free ride.

[smoggyg] 17/9/2018 09:28

Many traders blow hot and then cold and vice versa,their games are transparent and all they achieve is getting despised. By all means trade but there is no need to ramp/deramp alternatively to suit a changed trading position,it is without merit.

[yasx] 17/9/2018 09:24

Anyway, I have better things to do than squabble with the hopeless brigade - like go to sleep for an hour or two.

Back later.