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MRX Metalrax Group

3.125
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Metalrax Group LSE:MRX London Ordinary Share GB0005838247 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.125 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.125 GBX

Metalrax Group (MRX) Latest News

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Metalrax Group (MRX) Discussions and Chat

Metalrax Group Forums and Chat

Date Time Title Posts
13/5/201619:47METALRAX GROUP1,047
30/9/200912:05Metalrax51
15/6/200916:49Anybody into Full MetalRax Jacket?251

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Metalrax Group (MRX) Most Recent Trades

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Metalrax Group (MRX) Top Chat Posts

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Posted at 16/4/2013 15:02 by imastu pidgitaswell
She's doing a great job, according to her LinkedIn profile (which is strangely silent on recent corporate developments at Metalrax...):




Group Finance Director Metalrax Group Plc Public Company; 201-500 employees; MRX; Mechanical or Industrial Engineering industry

January 2012 – Present (1 year 4 months) Alvechurch,Worcestershire

AIM listed Metalrax Group PLC is a midlands-based supplier of specialist engineering and consumer durable products with turnover of £63m and EBIT of £2.4m. Since 2008, I have been a member of the executive board that has restructured the group from over 20 trading entities to 7, returning the group to profitability, having reduced borrowings from over £24m to £8.5m as at June 2012.

Key responsibilities:
• As a member of the Metalrax Group PLC Board, responsible and accountable for the success, direction & governance of the Company
• Responsible for the financial well-being of the Company
• Relationship management with key stakeholders including the pension scheme, share holders and bank
• Driving financial performance, strong financial control and Acquisitions/Divestments


And there you were thinking she had messed up...
Posted at 02/4/2013 19:28 by simon templar qc
Electronica,

I agree with most of your comments apart from last one.

You look at EKTs 5 year history they have generates considerable cash but its gone on excepetionls. Pre exceptionals EKT made good profits overall.

MRX just wasn't making it at the most basic level. Cashflow wasn't good and debt was too high at MRX. Also a pension deficit at MRX where as EKT has nothing to worry about on that level.

Lots of things Elektron can do as you know one of their worst operations is under offer.

I did predict this a while ago now, I do not want to gloat over investors losses.

Sorry to all investors here who have lost their money.
Posted at 05/2/2013 22:00 by meijiman
Indeed. Where is the stock coming from? normally with a big buyer in the market you might expect the share price to rise. However in the complete absence of any news investors are chosing to fear the worst. I think the company has been ill advised in this policy of non-communication. Maybe things are truly dire. Equally Mr Anderson may be convinced that things are not so bad. However the market is usually more right than wrong.
Posted at 03/2/2013 17:29 by electronica
hastings

MRX in a worse mess than EKT? What are you smoking?

EKT are in terminal decline, bur MRX can trade themselves out of their mess once they rid themselves of the dead wood in the consumer goods division.

The engineering businesses are a profitable core operation with growth prospects - but I don't see a quick turnaround under the current regime so I exited (at a very small profit) over the last month. Will keep on watching MRX though.
Posted at 30/1/2013 20:37 by simon templar qc
Loss of contract at Morrison

Interim loss and borrowing higher plus pension deficit dont bode well. I don't like to see anyone lose money but the interim statement didn't raise any real hope that things would improve the send half.

Market collapse in share price suggests market is pricing in more gloom.
Posted at 22/1/2013 16:39 by maltatrader
share price hammered today
Posted at 21/1/2013 08:54 by charo
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.
Posted at 18/1/2013 17:12 by meijiman
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??
Posted at 17/1/2013 13:59 by meijiman
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.
Posted at 14/12/2012 15:36 by electronica
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
Metalrax Group share price data is direct from the London Stock Exchange

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