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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mang.Bronze | MNGS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 10.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.00 | 10.00 |
| Top Posts |
|---|
Posted at 26/11/2010 12:44 by boldtrader doing some research on MNGS I notice they reported a tie in with TAN in 2008 regarding manufacture of the TX4E, any posters know what happened to that deal? China is reported to be the place to beinvested right now,Geely own Volvo and are the largest car manufacturer in china and with a new 4 door model rumoured to be on the cards for 2012 and the Daily mail article this seems to be a fair revival play. Any investors here any insights for or against? Thanks and cheers. |
Posted at 14/5/2010 12:28 by marben100 crystal,The truth is that this has little to do with bankers. The truth is that LTI have been getting away with making & selling a substandard product at exorbitant prices for donkey's years. Ask any London taxi driver about the value for money LTI offers & you'll get a few choice words. They only got away with it because London carriage office rules made it uneconomic for competitors to eat their lunch. Whilst I am sympathetic to the plight of LTI's workers, to be successful UK businesses must make world beating products. There are some that do (e.g. Rolls aero engines) but MNGS was not one of them. There are good UK engineering businesses out there, with imaginative and innovative management teams. It is up to us, as investors, to seek them out and back them with our capital, as opposed to the failures. Cheers, Mark |
Posted at 08/10/2008 17:08 by shanksaj Of course when the dust settles in the markets investors will take one look at Manganese and pour in what little remaining cash they have left, because they will simply not be risk averse at all and because at a possible PE of 7 for 2010 its such a bargain..... yeah? |
Posted at 07/10/2008 11:35 by the analyst Saint Helens Capital Note:"Calmer Waters Ahead The current issues faced in 2008 should not divert investor's attention too far away from the bigger picture with regards to the potential of Manganese Bronze's business. The joint venture in China is commercially attractive and increases the scale of the business by a factor of ten. The current share price is discounting a lot of the short term concerns offering investors a good entry point to benefit from the exponential growth in profitability Chinese production will deliver. On conservative assumptions the shares trade on a PE of 7 times 2010 earnings. Short term earnings under pressure 2008 the perfect storm Manganese face the perfect storm in 2008 with deteriorating trading conditions, a new competitor in the London market, the recall of 5,500 vehicles due to safety issues and costs relating to the JV. In response to these headwinds management have taken action to reduce the cost base dramatically reducing the break even point for the business. Long term earnings on course Potential starting to be realised Commercial production of the Chinese TX4 is on schedule to begin in late 2008 for the Chinese market and early 2009 everywhere else. The early response from customers, outside Asia, has been encouraging. Since March Memoranda of Understanding (MOU's) have been signed for 6,000 vehicles, by 11 different customers, in Europe the Middle East and Africa. It is too early to quantify the effect that the recent fires may have, if any, on orders going forward. The issues will have been resolved before full marketing commences which should limit the longer term effects. Estimates are conservative based on orders currently attained for international sales, assuming no further orders for 2009-2011. Valuation good entry point to benefit from China 2010 forecasts assume sales in the UK of just 2,200 vehicles, substantially below the average achieved over the last ten years, and 2,000 internationally while the JV will begin to contribute on sales of 8,000. These conservative forecasts would put the shares on perspective PE of 7 times. Calmer Waters Ahead Share Price Price/Target 265p/515p " |
Posted at 30/9/2008 10:59 by davidosh I suspect the low volumes means a few investors need to take profits from here to support elsewhere in their folio.There are very few reasons to consider buying until the scale of the recall is fully known and all the costs accounted for. There could be a placing required IMO which would be much lower than here in this market. |
Posted at 26/9/2008 20:19 by shanksaj So, to summarize..."We don't really know what is causing the fires so we are making three changes, and hopefully, one of these, or a combination of more than one, will fix the problem. Fingers crossed. Seeing as we don't know the exact cause it might be difficult to prove it is a design fault in the engine itself. This being the case it may be none of the cost can be passed on to the engine manufacturer. We realize that some investors are going to hit the roof when they read this, and wonder why they were not told directly earlier, so we have decided to put it out after hours and let tempers cool over the weekend." Could it be that the fires are being caused by the manner in which the engines are being installed under the bonnet.... the installation did not fully comply with the recommendations of the engine manufacturer? Does anyone know if this engine has been designed exclusively for use by Manganese? |
Posted at 24/9/2008 08:26 by davidosh The directors just weeks ago sold stock and have done so at every opportunity in the past year. I do not wish to be cynical but the investors in any company need to be aware off all information to make their investment decisions. My view is that the directors should be advising the market via RNS if the current problem with the TX4 is alongside poor sales likely to mean that the company cannot meet forecasts. The same directors were visiting the city institutions with an incorrect broker research note only one month ago and if those expectations cannot be met then surely the company should update the market. |
Posted at 06/8/2008 11:50 by the analyst They seem to be selling the story to the city quite successfully. Possibly stoking the share price to get a placing through at a reasonable price. In that respect, the company seem to be doing a decent job for investors at this time, given the profit warning and poor outlook. I am, though, very concerned about this 'typo' you mention David. Did you manage to find out whether this typo extends to figures throughout the whole forecast, or is it just a headline error on the front page of the broker note? Despite the success selling to the city, if the price goes up much more, then I will be looking to take a large short out, in anticipation of a lack of interest in the shares after the company have done their rounds in the city. |
Posted at 01/8/2008 12:57 by davidosh The analystYou said Are investors here the opinion that the company will need to raise some cash in the mid-term? My thoughts too looking at the balance sheet and little headroom left and it may be sooner than mid term at current overstocking levels. The directors are not available as they are doing the rounds in the City and meeting fund managers for three days. Mmmmmm... |
Posted at 31/7/2008 11:05 by crystalclear Well, it looks like realising their vision to make the London taxi a successful global icon is going to be a bumpy trip rather than plain sailing and the share price might dip further before the Chinese made taxis roll off the production line and global sales start to get organised and build up.I wouldn't be at all surprised to see these drop further as the traders hammer it a little. At the moment people are still looking at this as London Taxis. I think it is only when Chinese production has started that people will really see it as Shanghai Taxis. Christopher Ross is on the board of directors of MNGS and ATV. Both companies have had dealings with Geely. MNGS for Shanghai taxis, and Antonov for their efficient 6 speed transmission, which is a bit like a dual clutch transmission in that it can power shift, but from any gear to any other, rather than just between odd and even gears - a limitiation on dual clutch trannies. So I think there is a possibility that the Chinese taxis will get Antonov's Chinese 6-speed. Shanghai taxis looks to have great prospects and since its been announced the share price has averaged a lot higher. But this might not be the best moment to buy, as the myopic investors and short term traders give the shares a bit of a bashing by just looking at the short term for London Taxis. In my opinion trickle time cost average buying over the coming year might be the best way to ensure a low purchase price for investors seeking to profit from the Shanghai taxis, limousine and saloon cars. |
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