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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mdm Engin. | MDM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 168.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 168.50 |
| Top Posts |
|---|
Posted at 30/10/2014 10:46 by meijiman Yes agree. I may have come across it (MDM)from the same source. Certainly I had a decent holding in Kentz but sold out far too early. To give a recent eg I was reading about the boost to airline stocks from lower kerosene prices linked to lower oil. Decided I had enough exposure in that space so went for a different angle and bought BPI. Paid off nicely. |
Posted at 20/8/2014 23:37 by jeffian The terms of the acquisition of MDM are settled. If it goes ahead, you will get 170p/share cash. AMEC shares don't come into it. |
Posted at 13/8/2014 08:43 by flyfisher jeffian, From the recent accounts.Strategic focus MDM has recognised the benefit of having an association with a global engineering and construction company which can provide access and support into other markets, supporting our growth strategy. Based on this strategy, MDM has entered into an MIA with Foster Wheeler which is scheduled for conclusion late August 2014. From a recent update. The application with the South African Competition Commission is progressing with a determination expected during August 2014. |
Posted at 12/8/2014 17:17 by jeffian Do I detect 'slippage' here? In May, they repeated previous guidance that "MDM still expects the Transaction to be completed in late August 2014". In the annual results on 5 August they say they "expect to see this close within the third quarter of 2014". The "third Quarter" is October-December, isn't it? |
Posted at 15/3/2014 13:50 by varies Sar10If you own lots of MDM shares already you might be tempting Providence if you buy any more. I would be very surprised if the agreement between MDM and Foster Wheeler permits the payment by MDM of any further dividend without an adjustment to the value of the bid. Tying my money up for 5 months for a return of 2.8% subject to various risks does not look very sensible to me in the cold light of the morning after and I wonder why I did it ! If you do buy more, then I naturally hope very much that this will prove a sound decision. |
Posted at 13/3/2014 11:22 by m1das_touch I wonder if this deal might be more lucrative for the board than for shareholders? I noticed this interesting little excerpt from the RNS:Foster Wheeler will also make an offer to acquire all outstanding options held over the shares of MDM ("MDM Options"). The MDM Options shall be cancelled upon implementation of the Merger and each option holder shall be paid cash consideration for their MDM Options calculated in accordance with the formula set out in Appendix I. |
Posted at 13/3/2014 07:06 by m1das_touch -- Recommended takeover offer from global engineering and construction group Foster Wheeler -- Offer price of GBP1.70 cash per MDM share -- Foster Wheeler to acquire all of the ordinary shares and options in issue in a cash transaction of approximately GBP65.3 million (US$109 million) -- Cash offer represents an attractive premium to recent share price trading levels and provides realisation of value for MDM shareholders -- Shareholders representing 42.4% of the issued ordinary shares of MDM have executed agreements under which they have agreed to vote in favour of the Offer -- Offer subject to MDM shareholder approval and other conditions including competition approval MDM Engineering Group Limited (AIM:MDM) is pleased to announce that it has entered into a merger implementation agreement ("MIA") with Foster Wheeler AG (Nasdaq: FWLT) ("Foster Wheeler") under which Foster Wheeler's BVI subsidiary, Foster Wheeler M&M Limited, will acquire all of the ordinary shares in MDM, subject to MDM shareholder approval and certain other conditions (the "Offer", the "Transaction" or the "Merger"). Under the terms of the Merger, MDM shareholders will be offered GBP1.70 cash for each MDM share they hold (the "Offer Price"). The Offer Price of GBP1.70 cash per share represents: -- A premium of 14.5% to MDM's closing price on 12 March 2014 of GBP1.485; -- A premium of 17.4% to the 30-day VWAP prior to 12 March 2014 of GBP1.45; and -- A premium of 17.3% to the 90-day VWAP prior to 12 March 2014 of GBP1.45. Well that's come completely out of the blue! To my mind it significantly undervalues the company, but of course private shareholders will have no say. Nice to get out with a good profit, but I was seeing this as one of my long-term ISA holdings - so will be looking for a new home for these funds now. Disappointing really. |
Posted at 30/1/2014 13:56 by jeffian Ignore any financial site and go straight to the horse's mouth - the company itself - via their website or RNS."In the announcement by MDM (AIM:MDM) of its results for the half year ended 30 September 2013 published on 4 December 2013, the Company declared an interim dividend of US$ 8.00 cents per share, which includes a special dividend of US$ 3.65 cents per share. For those shareholders of the Company who have elected to receive their dividend in Pounds sterling, as opposed to US dollars, an exchange rate of US$1.6296 to GB£1 will be used for the conversion. This is the exchange rate as of Friday, 13 December 2013 and will result in a dividend payment of 4.91 pence per share." |
Posted at 10/7/2013 21:45 by xb6 "Listen with care.Design with purpose.Deliver beyond expectation"www.mdm-engineering. MDM Engineering......is a metallurgical engineering company which was established in February 2006. MDM Engineering undertakes mineral resources projects of varying size and concentrates on the gold, base metals, industrial metals and diamond sectors.The company offers a range of services from project evaluation and the design and construction of plants to project management. Share Information as of July 2013 Share Issue - 37.45m / MCap - £45m / Epic - MDM / Dividend Yield 12% Latest Financial Results as of 2nd July 2013 Highlights* *Pre-tax earnings increase of 161% *Revenue of US$ 137.2 million (2012: US$ 89.1 million); *Gross profit of US$ 33.0 million (2012: US$ 16.2 million); *Pre-tax profit of US$ 20.4 million (2012: US$ 7.8 million); *After tax earnings of US$ 14.2 million (2012: US$ 5.8 million); *Basic earnings per share of US 37.78 cents per share (2011: US 15.37 cents); *Final year dividend of US 18.90 cents per share (2012: US 5.20 cents) *Special dividend of US 6.00 cents per share included in the final dividend; *Full year dividend of US 24.90 cents per share (2012: US 7.70 cents); Continued commitment to pay 50% of after-tax profits as a dividend to shareholders and Strong cash position of US$ 34.6 million (2012: US$ 29.1 million) with negligible gearing............. Latest News "Listen with care.Design with purpose.Deliver beyond expectation" |
Posted at 09/7/2013 23:33 by west_star Taken from Lse todayIn the latest update to our GOLDEN FIVE shares for 2013,the future for specialist engineering company MDM Group ( LON:MDM ) is looking very bright.The company has come up with some impressive year end earnings figures and announced a 263% increase in its final dividend.Forecasts suggest that the group is ontrack to deliver further impressive growth over the next 3 years and maintain a progressive dividend yield of at least 9% rising to as high as 14% by 2015.The company revealed its order book is bulging and have a strong pipeline of future projects on the table.There has also been sustained rumours that a Singapore based Equity Group has been eyeing the group for a takeover,with figures of £2.25 - £2.65 per share muted. MDM reported a massive jump in pre-tax earnings of 161% - from to US$ 7.8 million in 2011 to $29.1 million in its 2012/13 financial year which ended March 31st. After tax earnings came to US$ 14.2 million (2012: US$ 5.8 million) resulting in basic earnings per share of US 37.78 cents per share (2011: US 15.37 cents) . This has enabled it to increase its final dividend by an even larger percentage, from US 5.2 cents to US18.9 cents,although this year's final payout includes a US 6 cent special dividend in the light of the company's big increase in its year-end cash balance from US$29.1 million to US$34.6 million.The company is committed to pay 50% of after-tax profits as a dividend to shareholders. We consider the shares will undergo a dramatic re-rating shortly as the great story here gets out,and the income seekers discover what should be a solid 10% returner,plus significant growth in the shareprice over the next few years. There is still time to get this years bumper payout and the special dividend as it goes ex-dividend on the 10th July.We maintain our "Strong Buy and Hold" rating on the stock. |
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