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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mdm Engin. | LSE:MDM | London | Ordinary Share | VGG5941V1058 | COM SHS USD0.01 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 168.50 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
13/8/2013 08:16 | Sibanye making positive noises about West Rand tailings jv. Surely good news for MDM if proceed towards execution. MDM list it as one of their largest potential projects. Decision in September quarter. hxxp://www.miningmx. | hop53ton | |
07/8/2013 07:20 | Another contract picked up today on the RNS Project in the DRC MDM (AIM: MDM) the minerals process and project management company focused on the mining industry, is pleased to announce that it has been awarded the scoping study ("SS") for Kipushi Corporation SPRL ("KICO-SPRL") Kipushi Rehabilitation and Re-development Project in DRC (the "Project"). Ivanplats acquired a 68% share of the Kipushi mine in 2011 and is currently dewatering the mine in order to access the original workings, known as the Fault Ore. In addition, a further deposit, known as Big Zinc, has been identified at a level below the original workings. KICO-SPRL's imperative is to achieve production as soon as possible from the underground orebody deposit known as the Big Zinc. A mining and business plan for the life of mine will then need be to be developed to confirm a viable business for additional mine refurbishment, development and investment in surface processing capacity and infrastructure. In the mine's 70 years of operation, 60 million tonnes ("Mt") of materials were extracted at a grade of 6.78% copper and 11.03% Zinc. In addition, 0.4 Mt of lead, 45,000 tonnes of cadmium and 120 tonnes of germanium were extracted through the existing processing plant. Currently preliminary metallurgical testwork is taking place at Mintek and a new processing facility may need to be constructed. MDM has also been requested to include within the scoping study the roaster technology to further refine the product and to investigate concentrate to metal viability. George Bennett, MDM Executive Director, said: "In 2012, MDM completed the design and construction of two copper dense-media-separati | deanowls | |
06/8/2013 21:54 | Interesting trades today, both size and value. | greenroom78 | |
06/8/2013 15:12 | Seller cleared up at 130, market now level to short | exbroker | |
06/8/2013 10:17 | Some chunky trades going through, all at 141p? | martincc | |
30/7/2013 13:12 | Every little helps and it has your foot in the door for contracts further down the line. | deanowls | |
30/7/2013 07:53 | Not a huge amount but every little helps. I would imagine margins are more predictable though (and probably better) compared to developments as they are largely desktop studies. IMO I should add. | greenroom78 | |
30/7/2013 07:34 | Another feasibility study....does anyone know how much these are worth to the company? Thanks | sar10 | |
26/7/2013 18:42 | At this valuation and with all that cash in the balance sheet, there might be another offer | jlo10 | |
26/7/2013 18:25 | jeffian - I agree, the accounts talking in terms of a strong order book with the "positive trading position" continuing into FY2014 and "looking forward to another sucessful year", do nothing to suggest profits will be considerably less than last year. I was surprised the broker's forecast wasn't changed much following the results (in fact the FY2014 forecast eps is pretty much what it was 6 months ago). The forecast seemed overly prudent perhaps anticipating a more severe downturn as a result of commodity price falls and perhaps also reflecting what was perceived to be the company's own view at the time of the merger of a retrenchment - as the only explanation for what many of us thought was a ridiculously low-priced offer from Sedgeman. | valhamos | |
26/7/2013 16:59 | I think I'm more confused now than when this conversation started! I hadn't read anything in the last AR which suggested that profits going forward would be significantly lower than last year. Although the additional 'special dividend' suggests something that won't be repeated, the 'underlying' 2013 dividend equates to about 12.3p and as they are targeting divis at 50% EPS, this suggests they can maintain EPS at around 24.5p going forward (i.e. 'flat'). If a company has made an 'exceptional' profit which is unlikely to be repeated (e.g. from the sale of property or a one-off 'completion bonus'), this is usually highlighted in the accounts so as not to distort the figures. | jeffian | |
26/7/2013 16:08 | Here's a bit more from that report. I don't have a link to it online even if I was allowed to post but discusses a few points raised above: MDM remains well placed as an independent company and even after the final dividend and special dividends will have net cash of c.45p per share and a management team committed to actively managing its capital base. Given we believe that 2012/13 numbers were flattered by a completion bonus, in an undoubtedly more difficult natural resources investment environment, MDM's contracted order book which provides significant support to forecasts is a testimony to the strengths of the business and its typically well funded, mid-tier customer base. We see the opportunity for further completion bonuses in the current order book. It also has a stronger than average focus towards expansion projects at already (and thus cash generating) sites rather than more capital intensive new build projects with a longer returns horizon. Shares are trading on post special dividend EV/EBITDA of 3x and underlying yield of 7.4% based on our forecast. P/E of 6.8x also appears undemanding in spite of wider environment and looks to be pricing in slippage we believe the contracted revenue book will prevent happening over our forecast period. | nermil | |
26/7/2013 16:06 | For what it's worth, and not really sure what it means, on p20 of their post-results presentation MDM said that for FY2014 they "expect results to be flat with some upside potential". hxxp://www.mdm-engin | hop53ton | |
26/7/2013 15:53 | special dividends are very welcome and we could possibly get another this year. | pyemckay | |
26/7/2013 15:49 | Has the company actually reported that pbt will be lower for 2014? The results read as though they expect growth. From the RNS Despite the current difficult global economic backdrop in the resources sector, demand for MDM's services remains robust and I am delighted to report that the Company's order book and pipeline continues to look healthy going into FY2014 As of end of last year they has approx 22 million in cash for gods sake, the mcap seems to be devoid of reality! | sar10 | |
26/7/2013 15:34 | a forward pe of 8 is undemanding. upgrades possible, | pyemckay | |
26/7/2013 15:26 | EPS for 2012/13 was 37.79c and a dividend of 18.90c (+ a special dividend of 6c). Didn't 2012/13 include invoicing of final amounts for some big contracts. | stemis | |
26/7/2013 15:12 | Re EPS - according to accounts and also Stockopxxia the eps for 2013 was 37 cents - so a forecast of 26 would be a reduction. Doesn't seem right somewhere | jlo10 | |
26/7/2013 15:12 | Yeah I caught that about a minute after I posted that. I edited my original post. | nermil | |
26/7/2013 15:10 | 26c is about 17p | pyemckay | |
26/7/2013 12:51 | where did you get that data stemis? forecasts are flat from what i can see. cheers | pyemckay | |
26/7/2013 12:40 | Forecast are for a substantial (35%) fall in profits this year. Do we think this is realistic or just over prudent? Chart looks like its heading back down to 95p but I'm no chartist. | stemis |
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