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MNGS Mang.Bronze

10.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mang.Bronze LSE:MNGS London Ordinary Share GB0005617013 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Manganese Bronze Share Discussion Threads

Showing 1151 to 1174 of 1300 messages
Chat Pages: 52  51  50  49  48  47  46  45  44  43  42  41  Older
DateSubjectAuthorDiscuss
24/5/2011
20:29
.555 rounds up
he11boy
24/5/2011
20:20
Don't think they would class it as missing the criteria for the sake of 50p.
I am sure he as already clarfied it. But we may see a 1 share trade go through
before next Tuesday.

fund1
24/5/2011
17:23
It's not that I spotted the trade or anything like that.

The point is that if the director put in an order for £25,000 worth and it was rounded down rather than up, then it simply doesn't meet the criteria of buying at least £25,000 worth. It might be close. But he'll kick himself if he fails to get his options kicking in for the sake of about 50p.

crystalclear
24/5/2011
07:16
Yes well spotted crystalclear, showing as a sell though.
smudgeroo
23/5/2011
21:00
crystalclear....Great spot ! No doubt someone will claim the price was actually 56.51p lol It will be interesting to see the contract note but did it include costs ??
Did you see the trade record ?

davidosh
23/5/2011
20:43
An additional vesting term for the Award to John Russell is that he must acquire Shares worth at least GBP25,000 by 31 May 2011 and total of at least 100,000 shares in the Company from his personal resources prior to 1 May 2014 and maintain such holding until the vesting of his Award;

44,247 ordinary shares in the Company at a price of 56[1/2]p
=£24,999.555


LOL
If I were him, I'd buy another share.

crystalclear
20/5/2011
14:44
Ya get it....

Tipped........Taxi.

moneybags
20/5/2011
14:43
Been tipped somewhere maybe.....?

Regards , Moneybags

moneybags
20/5/2011
14:28
John started buying...
sandy12345
20/5/2011
10:57
what has happened ?
broshm
17/5/2011
17:04
An additional vesting term for the Award to John Russell is that he must acquire Shares worth at least GBP25,000 by 31 May 2011 and ...


So it's quite simple really. If the company has significant problems he'll keep his money in the bank - but then why would they even go to the trouble of having the offer and announcement. On the other hand if he thinks the shares are heading north as the Chinese build up taxi manufacturing, then we'll see some director buying soon.

Either way, rather than worry about valuing the company to know whether the shares are a bargain, we can let a director do it for us, with whatever inside information he may have.

crystalclear
17/5/2011
06:11
A mixed bag in this mornings statement.
Could be worse, could be better.
Money still tight......

Regards , Moneybags

moneybags
19/3/2011
12:35
plans for world domination are mentioned here:
shitterton
18/3/2011
16:11
lol! nice try but no cigar
bondparty
18/3/2011
15:06
115p price target after todays results!


'Manganese Bronze Holdings started with corporate rating and 115p target price at Matrix.'

sandy12345
18/3/2011
14:01
article in today's evening standard:

Mayor Boris Johnson is likely to help London black cab maker Manganese Bronze return to profit in 2011 after three years of losses.

He has ordered that there can be no cabs over 15 years old on the road after January 1 2012, which means almost all the Fairways and Metros will disappear.

Manganese chief executive John Russell reckons it will affect up to 3,500 vehicles.

"There is some discussion in the trade as to how many cabbies will choose not to carry on in the trade. But the overall fleet is unlikely to shrink and we think the majority of those vehicles will be replaced.

"It also means a boost to the second-hand market as drivers are likely to change their cabs more frequently as they seek to buy newer models."

Manganese has undergone huge restructuring over the last three years with manufacturing moved to China and only assembly taking place in the UK. It has also taken control of all its own dealerships.

This meant the UK operation moved back into the black during November.

For the year pre-tax losses were reduced by 15% to £6.3 million but more than half of that was one-off restructuring costs. The operating loss dropped from £7 million to £1.9 million.

Russell also said that the traditional black cab had begun to win back market share from the new rival Mercedes Vito cab.

Manganese's share of the market had been running at 75% but since it launched the new TX4 in November that has risen to 86%.

duncandebeauchery
18/3/2011
13:35
Hi,

No surprises in the results.
I see this as quite high risk/ high potential reward.
Balance Sheet is stretched, no getting away from that, so if they have another big recall problem (like the engine fires in 2008) then it could be game over.
But the existing borrowings look fine, and remember they are secured on finished product, so the banks are relaxed & have renewed for another year to Mar 2012. Very different ballgame if you have solid security, as MNGS's banks do.

Meanwhile, they've confirmed 2011 should be profitable, broker forecast puts it on a fwd PER of about 11, which sounds about right.

However, the exciting bit is winning a 1,000 vehicles order from Azerbajan. That says to me this is a very competitive vehicle, and more big international orders could follow. If they do, we've got a multi-bagger on our hands, maybe a major one if lots of big orders roll in, who knows? If a very minor country like Azerbajan orders 1,000 vehicles, think what the potential global market could be. That's the exciting bit. May not happen, who knows? But if it does ...

Cheers, Paul.

paulypilot
18/3/2011
08:33
i like very much this bit

' Despite the Geely Board's decision not to proceed with the placing in 2010, the Group is considering with Geely the appointment of Manganese Bronze as Geely's distributor of cars in Europe, which would represent a significant growth opportunity for the Group. Initially the appointment would entail the sales, marketing, distribution and aftersales support for the Geely saloon and hatchback, Emgrand EC718, in UK and mainland Europe. In the longer term, the scale of the opportunity for the Group will be determined by the availability of further Geely products that meet European customer requirements and satisfy increasingly challenging EU regulations. '

sandy12345
18/3/2011
08:23
I don't see why. Still loss making and a one-off order isn't enough by itself to turn the business around. They are relying on extended credit to improve cash flow, which is fine, but doesn't fill me with any joy.

Unless or until these one-off orders start to repeat themselves I can see no reason to buy shares here.

goliard
18/3/2011
08:16
people will wake up on this soon...and then whooooooosh!
sandy12345
18/3/2011
08:15
lol nobody buying though
bondparty
18/3/2011
07:24
very good set of results - the future looks very exciting after those difficult years behind us. Lets see how the market reacts! Testing 70p??
sandy12345
18/3/2011
05:56
Friday preview: Manganese Bronze
Thu 17 Mar 2011

LONDON (SHARECAST) - The journey of Manganese Bronze, maker of the iconic black cab, has seen more than its fair share of wrong turns but the company expects to return to the black in 2011, helped by an extension of credit terms with its major shareholder Geely Automobile, China's biggest private car-maker.

Its quest for profitability will be helped by its biggest ever single order for its London TX4 taxi, with the Baku Taxi Company in Azerbaijan the somewhat unlikely source of the order. The order, announced earlier this month, is worth $27m.

Baku Taxi was established to develop a programme originally announced by the Transport Ministry of Azerbaijan to update the taxi fleet in the capital, and they have chosen Manganese Bronze's flagship product, ordering 1,000 London taxis to arrive – presumably with a collective toot on their car horns just outside the depot – in 2011.

The cars are being built in Shanghai and shipments to Azerbaijan start in April.

The company, which releases results for 2010 on Friday, said international interest in the TX4 has increased in 2011. "In addition to the order from Azerbaijan, 180 vehicles have been ordered from a number of markets including France, Saudi Arabia, Kuwait and Italy. International sales of the Shanghai-built TX4 were 226 in 2010," the company said.

sandy12345
17/3/2011
15:02
anne - I agree, should be fun tomorrow. It has been so quiet even after the latest excellent news. I think the road to recovery is ahead and I can see 100p before summer. all imho
sandy12345
Chat Pages: 52  51  50  49  48  47  46  45  44  43  42  41  Older

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