Metalrax Group Share Discussion Threads

[redips2] 14/12/2012 15:40

Absolutely pvb----grinding teeth helps too.

[electronica] 14/12/2012 15:36

pvb

Andrew Walker is Chairman of Metalrax - I guess that this is news to you.

It is the Chairman's (& the NEDs) job to recommend or decline any offer for the company - especially if that came from an "insider".

Andrew Walker has a clear view of the value of MRX & this is nowhere near the current share price

[pvb] 14/12/2012 15:01

You need a sense of humour with this company at the mo!

[redips2] 14/12/2012 14:57

Good grief et, I was being flippant!

[maltatrader] 14/12/2012 14:56

Anderson's % ownership is only 3.7% as per latest rns on 14 nov

[pvb] 14/12/2012 14:47

Don't think he means Andrew Walker.

[electronica] 14/12/2012 14:46

Redlips

Where's your evidence?

Why would Andrew Walker agree an MBO at anything like the current sp?

[redips2] 14/12/2012 14:33

Looks as if Mr Anderson wants to buy this Co out!

[choppa] 13/12/2012 20:39

Article in the ft yesterday on Caterpillar in Russia raising funds for projects. JCB one of Metalrax's customers wonder if there is potential demand for their products.

[choppa] 01/12/2012 09:23

someone sensible offloading pvb!

[pvb] 30/11/2012 17:22

100,000 gone through late today at 4p. Wonder what that's about?

[choppa] 30/11/2012 16:36

yep not a zombie but a dodo imho.

[meijiman] 30/11/2012 16:30

looks that way. Im asking myself whether to hang on and hope for recovery in the share price or bail out now. Thats on an 18 month view. Got more right than wrong but I have a feeling this is a dead duck.

[neverforget] 30/11/2012 16:15

this one is a basket case. makes you wonder what management are doing.

[meijiman] 30/11/2012 15:59

there are simply no buyers. Suspect management here are part timers so will have left the office after a good lunch-maybe they are still having lunch. Time for port and cigars.Or maybe that was the previous management?

[choppa] 19/11/2012 11:54

Could be classed as one of those zombie companies imho. Just ticking over with the banks not wanting to pull the plug.

[charo] 18/11/2012 12:01

even old timers make mistskes including wb.this is a toughie,some still good basic businesses good earning stream .just not certain enough to carry pension deficit and rebuild after legacy of poor decision making.think will survive but whether worth more not sure would need to look behind balance sheet,many balance sheets are worthless historical documents hiding behind accepted but useless financial reporting standards.

[meijiman] 16/11/2012 14:16

you sound like you are advocating a straight sell at these low levels. Better that than watching your entire investment disappear.On the other hand why would this old timer buy 3% of the company -presumably he's done a bit of homework.

[charo] 16/11/2012 11:05

in this case board operational management poor,though non execs bear some responsibility.the sale and lease backs have been poorly priced and fd whilst no doubt highly qualified is not commercially aware.
so even if new non execs the rot is set and whilst ar is in position continue to underperform.

[meijiman] 14/11/2012 13:39

Im intrigued. Anyone have a view on whether this is a decent recovery play or a waste of time as a holding. Im in at higher levels and happy enough to wait. The potential negatives are that management fritter away whats left and the shares drift away to nothing.

[maltatrader] 14/11/2012 13:13

looks to me he knows something......born in 1928.....plenty of white hairs:)

[gingerplant] 14/11/2012 12:58

Don't know how helpful this is:



I bought a few earlier in the week; not quite 3% though! :-)

[pvb] 14/11/2012 12:28

So, what is Thomas Somerville Anderson about then?

[choppa] 09/11/2012 13:37

Not much left in this company imho.

[choppa] 02/11/2012 16:20

The one on the 30th.