Melorio Share Discussion Threads

[nurdin] 29/5/2009 10:42

Director buys 10k shares...

[nurdin] 29/5/2009 09:40

Breaking out again :o)

[nurdin] 27/5/2009 13:47

Rerated to 10x this years earnings gives a target price of 210p...could easily happen on the next trading update ;o)

[nickjoseph] 27/5/2009 11:54

Must say the graph is looking bloody marvelous on this share. Only just recently purchased but up a lot quicker than expected. Hope this can hold..

[nurdin] 27/5/2009 11:05

Some ideas here..not mine though

[miked500] 27/5/2009 10:59

bought some more yesterday, just been reading the zulu principle, i know it's an old book, but i,m trying to find genuine growth companies at the moment and this one seems to be. Do you have any others as they are needles in a haystack?

[nurdin] 27/5/2009 10:49

anyone watching trades here? Huge buys at 5p above offer...:o)

[nurdin] 21/5/2009 08:48

At 6x earnings,MLO are trading at a fair discount to EDD who are on 9x.

MLO are also forecast to show stronger earnings growth with a PEG of 0.18 compared to 0.68 for EDD.

If the discount narrows,there is a potential of 50% or more upside here

[stegrego] 20/5/2009 22:12

GCI

Companies: MLO
20/05/2009
Vocational training specialist Melorio more than tripled earnings in the year to March, as acquisitions bedded in and organic growth continued.

Beginning AIM life as a cash shell in 2007, the company has since bought and built a business concentrating on three market 'verticals': construction and infrastructure (56% of revenue), ICT and business services (36%) and logistics and supply chain (8%). Training requirements from each are expected to remain strong, buttressed by government backing.

Melorio's first purchase was Construction Learning World, acquired in October 2007 and then expanded with the addition of apprenticeships specialist HB Group a year later. Despite tough times in the construction sector, this division continues to grow and add to its qualifications range (with subjects including quarrying and road-building) to reflect changing industry requirements.

Meanwhile, the ICT and business services operation is built around December's Zenos acquisition, a company which has lately seen a better-than-expected intake of students to its 17 academies and which grew pro-forma revenues by 40% last year. Growing organically and offering a strong platform for growth, the start-up logistics division has swiftly secured relationships with over 200 employers.

Combined, these three arms produced £31.4m of sales for the group last year, from which Melorio made £8.8m of profits before tax and exceptionals. Generating strong levels of cash, Melorio managed to reduce acquisition-related debt to a manageable £14.4m.

Although concerns about the construction industry may have held back the shares, news that demand has been maintained and trading since year-end 'continues to be strong' are reassuring. Trading on less than six times forecast earnings of 22.1p, the shares are well worth buying.

[interceptor2] 20/5/2009 10:53

Daniel Sewart confirms buy rating and increases target to 193p from 175p. I haven't read the analyst write up, but they would not seem to see debt as an issue.

[matt123d] 20/5/2009 10:25

Nice results, added a few more this morning.

Breaking to an all time high now.

[nurdin] 20/5/2009 10:20

Dont think debt is a problem here given that they are generating oodles of cash from the operations.

Debt to EBITA ratio is just 1.43..most banks require this ratio to be below 2.5,so plenty of headroom there.

[nurdin] 20/5/2009 10:01

Adjusted pre-tax profits were some 14% ahead of market expectations actually

[interceptor2] 20/5/2009 08:47

Keen to get into MLO, results are strong and inline and should see some nice upgrades during the year.

Any thoughts about debt levels of £15.7m.

I know these are higher because of last years acquisitions, but I understand they still need to pay another £13m for Zenos dependent on performance. They would need a rights issue unless they increase Bank facility of £23m I guess.

I liked the emphasis on the importance of paying down debt ahead of time in todays statement, so management seem to keeping a close eye in finanacial strength.

Would be interesting to hear opinions from others.

Regards..........

[stegrego] 20/5/2009 08:12

Nice results from MLO.

Looking pretty cheap on 6x forward, with training and retraining being very relevant at the moment.

[miked500] 27/4/2009 12:07

Have these been tipped somewhere at the weekend?

[cambium] 24/2/2009 09:40

both this and EDD doing well for me!

[smarm] 24/2/2009 00:02

Yep...sadly only watching :-(

S

[reflectivetrevor] 23/2/2009 17:29

don't suppose anyone else is watching this one?

[czar] 19/1/2009 16:26

The ghost of Carter and Carter haunts investors in MLO which goes some way to explaining the derisory rating. The business should benefit from several government initiatives to keep workers off the dole, and I'm sure they will already have gained business from the demise of C&C. MLO are very cash generative and eps of 14.8p to end March and 20.1p for the year soon to start puts them on a forward pe of 3.8x. Not bad for a business growing profits at 35% year on year. I'm in.

[cambium] 10/12/2008 20:23

Expected share capital of the Company immediately following Admission
Authorised Issued and fully paid
Amount Number Amount Number
£100,000,000 1,000,000,000 Ordinary Shares of £0.10 each £3,909.706.10 39,097,061

[caveat_emptor] 09/12/2008 01:17

Noticed the Director buys
Deal of the day

Adrian Carey, the executive chairman of Melorio, has bought 70,000 shares in the vocational training group at 65p. Alex Sheffield, its finance director, also snapped up 35,000 shares. The company, flat at 64½p, reported a rise in first-half profits and said that it still had a significant pipeline of new students, despite the downturn.


BUT...advfn does not show the number of shares in issue?

Can anyone tell me?

[reflectivetrevor] 28/11/2008 14:58

Its a bit quiet around here, should be some interesting results when they announce on 8th December. Anyone else invested in this, or is it just me?

[reflectivetrevor] 01/7/2008 08:13

i personally think thats a good sign, a quick share price movement announcement closely followed by directors buying. I'm going in.