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Real-Time news about Metnor Grp. (London Stock Exchange): 0 recent articles
|rainmaker: Hi Guys- A delisting will not affect the fundamental value or trading of Metnor one iota.They will still have the same value of assets and the same number of shares etc. The management have to pay you the same dividend per share for your shares as they receive for theirs.
I'd call this a technical rather than a fundamental factor that is adversely affecting the share price and creating a fantastic buying opportunity, as there is undoubtably a negative bias against Companies that delist(nobody on this thread would argue with that) and as Safman points out Institutions won't hold the shares and there are accounts such as SIPP that won't permit it.This whole situation is exacerbated by a lack of buyers because of the delisting bias mentioned earlier.
I sincerely wish you all the best with your trades
|pvee: Thanks for your comments Rainmaker and I agree about the potential and underlying value of the company.
I think the rub is: what price will the Directors offer in the future and have they got the power to impose this, noting that one of them already has a controlling stake and what control have minority shareholders over their capacity to influence the true value of the busines is reflected in our investment
Unfortunately the way the share price has plumetted this morning doesn't make me feel very optimistic but I have no choice but to hold|
|monkeymil: Reason for decline in price was caused by inability to sell assets due to current market conditions - this caused profits from the sales to be put back not lost. These delayed profits will hit next finacial year and the share price will rebound Substantially.
|myopia: Reading between the lines and given the abrupt nature of the director's resignation I can't see anything but bad news in the offing for the short term. My hunch is that the carring value of current assets may have to be written down quite considerably. This, coupled with the general economic slowdown generally and the sectors in which their other contracting deivisions are involved suggest that the current share price, far from being seen as a low, will soon look like a missed opportunity to sell. "Looking forward" to the review.|
Given the smell the Rankin family seem to have created at ULG (re share selling immediately prior to profit warning) do you think this will have an adverse impact on MTG share price?
Given their record at ULG do you have any idea what they know that is not yet public which prompted buys at MTG? I definitely think that these are folk where it pays to pay attention ... stick close and follow their moves! On that basis I would have been inclined to buy MTG but for the potential fall out from ULG.|
|vs: Hmmm....Churchtower should have listened to his own comments of 21 Jan saying "Do not therefore get bounced out".
Anyway in an attempt to suck the MM's dry, I bought 18,000 shares just before and after the trading statement came out. It was only going to be a matter of time before they ran out of stock.
If anyone has problems with a 10p movement (up or down) on a 200p share price, all they need do is divide the share price by 10 and pretend they have 10 times as many shares. You'd hardly blink if a 20p share went up/down by 1p.
P.S. because of the small market size, reporting of trades of more than 3,000 shares is delayed by 1 or 2 hours.|
|churchtower: My information is that the trading statement will be released after the 26th of this month, probably towards the end of next week. IMO a strong hold until those details are released. As I have said on a number of ocasions the MM's in this stock are the most underhand and manipulative I have encountered. Share price movements bear no relation to volume or the health of the Company. They merely serve the pecuniary avarice of themselves. Do not therefore get bounced out before the imminent trading update. CH.|
|gardener1: Been in these for some time, now nearly at break-even. In view of the excellent rise in the share price this week I am tempted to sell, although still have faith in the company. Just worried they may now fall back again. Any thoughts would be appreciated.|
|vs: Rise on Fri/Mon looks like it might be due to a "buy" tip in the latest Investors Chronicle, here's the last two paragraphs...
Metnor enjoys high levels of repeat business and is a good cash-generator. The current cash balance is likely to be used to secure bolt-on acquisitions and/or the implementation of a share buy-back scheme.
House broker Brewin Dolphin expects net assets to hit 130p a share in 2003, this provides useful support for the share price. With current order books ahead of last year and plenty of scope to win new work, Metnor has been overlooked. Buy.|
|orvis: I don't feel there has been ramping of this share here.
It seems to me that the share price was hammered when the market realised in April that the telecoms revenue would not be there this year - the shares fell from a high of 3.00 to 2.20 then. Today's hammering seems to be for the same reason - i.e. we've been hammered twice for the same reason!
Having said that, you can hardly blame the market for its reaction. A bit more care with the interim statement and more emphasis on the full year position for 2002 could perhaps have stopped the market penalising the share price a second time for the same factor.
I would expect some bargin hunting going on now at this share price level - after all the company still made a significant profit in the first half, albeit down on a record half the year before, is cash rich and on target for the full year.|
Metnor share price data is direct from the London Stock Exchange