Metalrax Group Share Discussion Threads

[meijiman] 23/1/2013 09:53

Thats all very well but major issues have been apparent for months if not years.
Its not as though the company has suddenly hit problems. I don't think this outfit has the backbone to see through the hard decisions that are necessary.
Im not sure what communication with investors can be undertaken at present-the company must be in a close period ahead of the next results.

[electronica] 23/1/2013 09:41

MaltaT

I emailed Caroline Green on Wednesday making that very point to her. Every spare moment that she has should be devoted to fixing MRX, arresting the decline in the shareprice and communicating with investors.

If I get a reply I'll post it on here.

Next stop is Andrew Walker.

[meijiman] 23/1/2013 09:27

its a bit like sleepwalking towards the cliff edge. Why is she doing this when her own company is tanking. Maybe she feels she will get another job by networking at this event.
This company needs a major sort out -it has been going nowhere for two years or more.
What on earth is the Chairman doing-you need to step up to the plate here.

[maltatrader] 23/1/2013 09:03

the only news I found is that Caroline Green will be part of the panel that will advise the UK's Government business bank, which was set up to boost lending to small firms

its better if she devotes her time to get this business sorted!.....unless she is already at door herself, leaving us investors to switch off the lights

[simon templar qc] 23/1/2013 08:37

Investors bailing out this morning. I wonder if there is press comment or a mag sell. I dont have a position here but been watching for a long time.

[choppa] 22/1/2013 19:54

Management are clear wealth destroyers.

[meijiman] 22/1/2013 17:56

Too late to sell.hang on and pray that things get better.

[pvb] 22/1/2013 16:54

Goodness! What to do?

[meijiman] 22/1/2013 16:54

Wonder if the clowns running this company have noticed.

[maltatrader] 22/1/2013 16:39

share price hammered today

[charo] 22/1/2013 11:38

barclays and selftrade and td are almost certainly nominee accounts and cant be counted individualy.so 30% if act together enough to make waves but not guarantee change of board.

[leoboy] 21/1/2013 20:48

based on their website : 04-01-13 MRX Shareholdings

Henderson Global Investors 9.78% 11,721,549
Progressive Asset Management 5.70% 6,835,040

Thomas Somerville Anderson 12-11-12 +3% = 3.57% 4,280,000
Thomas Somerville Anderson 20-12-12 +4% = 4.26% 5,105,000
Thomas Somerville Anderson 08-01-13 +5% = 5.40% 6,480,000

Barclays Stockbrokers Limited 3.95% 4,740,226
Leek J Esq 3.24% 3,890,300
TD Direct Investing (Ex Waterhouse Securities) 3.06% 3,667,949
Selftrade 3.02% 3,625,678
Coombs D M Esq 3.00% 3,596,443

[choppa] 21/1/2013 20:28

What are the major institutions holding here?

[charo] 21/1/2013 08:54

2007 share price high 87p 2013 shareprice 3.88p 2007 net assets 50million 2013 net assets 10/ 12 MILLION .Sure not all can be placed at feet of management but there has been a definite strategic failure.the non execs wont make changes anderson leek coombs plus the two major institutions together could force change.

[meijiman] 18/1/2013 17:12

pvb: Purely opinion. I do not know the management or anyone in the businesses. They may drink nothing but bottled water and tea.
However I've done some homework and my view is that this is a difficult situation and management failings are to the fore behind what has gone wrong.
A line needs to be drawn in the sand with suitable provisioning so we can get back on track.
What does a share price decline from 12p to 3p suggest to you??

[pvb] 18/1/2013 15:12

Can't see its relevant -but yes is the answer.

Unfortunately 'yes' cannot be the answer! Possibly my question was badly formed. What I was getting at was: was your opinion based on personal experience of MRX corporate HQ, or at one of their individual businesses?

[meijiman] 18/1/2013 08:57

I will have a look. chart looks more enticing than MRX.

[meijiman] 17/1/2013 16:57

Can't see its relevant -but yes is the answer. Are you claiming mgt is doing a great job in difficult conditions. The share price graph above would suggest this company has been going backwards for the best part of two years.normal company turnaround programmes take 18 months between implementation and tangible evidence of financial benefits. My gripe here is that it appears that it has been head in the sand job -lets hope business conditions improve. Oh we've lost a big bakery contract -what do we do now. I read through the company website this morning-you would think there was not a cloud in the sky. What is the point at which the Chairman will decide the ceo is not up to the job of sorting this out -when the share price gets to 2p or 1p??

[pvb] 17/1/2013 15:29

Do you have direct experience of this? Group management or individual business_ management?

[meijiman] 17/1/2013 13:59

actually share price is nearly at 3p. Management will be in the pub getting lashed ahead of leaving at 3-30pm. friday is a half day for the top brass-so its nearly the weekend at Metalrax.
I think Anderson should take over here -he may be 84 but he's got to be alot sharper than the incumbents.

[redips2] 17/1/2013 12:00

similar age to buffet----but!

[choppa] 15/1/2013 22:17

So another RNS saying Anderson has added more. Takeout at 5p? Wont be more than that if an offer turns up imho. Like you say jeffion the loyal shareholders will get stuffed no doubt.

[charo] 15/1/2013 18:42

choppa the banks never want you to breach covenants but thats what happens ask any major borrower or bank.