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Real-Time news about Miller Fisher (London Stock Exchange): 0 recent articles
|avoint: pkvidean> You raise some intersting data here.I think this stock has alot of upside potebtial.The restructuring is in place,the news is flowing and now the share price should start moving.|
|pkvidean: Surely MFG can make a £1m profit this year from circa £50m annual revenues. P/E of 20 seems right due to recovery potential with lots of earnings pedigree in the past. That equates to 12p just for starters given a £20m cap!
For those of you that need reminding, MFG had a market cap of £51.9m on 25/01/1999 at a share price of 38.5p before rising to 89.25p and then blowing up. Methinks, we are in a 4 year cycle and the current market cap of £6.6m (is that still correct following the restructuring ?) looks juicily low.
|dryboy: What does the results from the EGM mean to the share price if anything|
|reetus: Nevertheless, the share price seem to fall back after it happened.|
|3maveen: Recent article that appeared on Citywire yesterday
Gunn shoots over Miller Fisher line
Get ready for a stock exchange announcement later this week that venture capitalist and shrewd investor John Gunn has taken his holding in insurance services outsourcing company Miller Fisher over the disclosable 3% mark.
Gunn has gone crazy for Miller Fisher (MFG) since it managed to write off £13.25 million of debt by issuing equity to the lender, the Bank of Scotland.
The deal, announced at the beginning of December, removes a massive weight from round Fisher’s neck and eases fears the liquidators will move in.
Gunn told Citywire today: ‘It has halved its debt and should produce EBITDA [earnings before interest, tax, depreciation and amortisation] of £5 million in 2002 … earnings of 1.5p per share.’
At 3.75p today, up 0.5p, Gunn said: ‘It could do a lot more than all right.’
The company’s business has failed to live up to its promise in the past but on the proviso that the group can keep its head above water, it does not have to do very much to justify a share price greater than today’s.
However, with tough trading conditions and an operating loss waiting to be reported for the year just gone, £6 million Miller Fisher is still a very risky penny share play.|
|tony14: Taken from todays Daily Mail: OUTSOURCING specialist Capita is believed to have taken a good look at Miller Fisher, the insurance loss adjuster, but to have walked away following the catastrophic events of September 11. Now with MF's share price languishing at 2p, it may be showing an interest again. Dealers have heard that a bid in the region of 6p a share, valuing MF at £9.8M, could be on the cards shortly. A management buyout at 40p fell through last year.
Picked up a small chunk at 2.22p. Lets see what transpires now.|
Miller Fisher share price data is direct from the London Stock Exchange