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Molins Share Discussion Threads
Showing 1326 to 1347 of 1350 messages
|Yes I have to agree that this has the look of being a train wreck. Clueless hopeless decisions over many years........don't they have any property left?|
|Anything smoking related is now a big risk ... even efags as their toxicity has not been evaluated properly as yet
Major surgery now needed by MLN or else the chart looks terminal
Such surgery should have been carried out over 4 years back or very soon after efags made their debut
Not much left now with which to raise lolly for a complete change of tack|
|Nearly all my shares are powering ahead except this one. Surely they are a gainer from sterling. You might have thought they would be seizing opportunities to increase export sales.|
|I think the shares will be sub 20p by the time this strategic review is done.|
|I share your pain on this one meijiman as I am nursing a 40% loss and it is by far the worst performing share on my limited portfolio. I am still going to hold as the new boss may bring about an improvement and let's hope the cautious Half year results are just that, a bit too cautious. At least it still makes a profit and pays a little divi, so not a complete basket case. Some you win in this game some you lose.
I bought the share for the flimsiest of reasons. As a teenager I used to go past the factory on the bus from Aylesbury to High Wycombe and see the gleaming machines in their showroom window and thought they looked pretty impressive and wondered what they did. Now I know. Nostalgia is not the most sound method of stockpicking!
New investors might like to view this as a recovery play and take a punt. At these prices, if the positive story goes right you could do well. Analysts value it at 90p. Good luck.|
|Got to feel the management of this basket case company has been appalling. Let's hope the new man does a better job than the deadleg he took over from. I think for most people this is a writeoff-if you havent exited by now there may be no point in selling.Are there any reasons to think this wont be 50p in a year's time. Answers on a postcard.....|
ED's summary was this (on Aug 24 with the share price then 61p):
Better H2 expected despite tough conditions
Aug 24, 2016
This morning Molins (MLIN) reported Interim results in line with management expectations, with sales from continuing operations of £35.0m (2015: £39.5m) and an underlying profit before tax from continuing operations of £0.1m (2015: £1.3m).
As in recent years, the Group's full year trading performance will be significantly weighted towards the second half.However today Molins has stated that it is experiencing continuing delays in receiving orders and is therefore taking a more cautious view of the short-term trading outlook, and has revised downwards its trading expectations for the current year. Consequently going forward, regardless of the usual Q4 seasonal bounce, we have downgraded our 2016 and 2017 PBTA forecasts by -28% and -6% respectively to £1.9m and £3.2m.
The new CEO, Tony Steels, appointed in June, has started a review of the strategic direction of the business with the aim of maximising growth, economies of scale, efficiencies and operating margins. This is a complex exercise involving many moving parts, and will take approx. 3-6 months to complete with conclusions set for late this year or early 2017.
Given the tough short term outlook, we reduce our target price from 120p to 90p a share. At 61p, we rate the shares as good value, trading at a 19% discount to net tangible assets (75p) and on modest EV/EBIT and PE multiples of 7.7x and 8x respectively, whilst also offering a 4.5% prospective yield (2.7x covered).|
|Bartle - Just reading the doc would be simpler and more accurate|
|Would you mind giving us a précis of what ED are saying today, Brummy?|
|New research out today from Equity Development
|Christ look at the pension deficit £53M. That puts things into some perspective.Its a wonder the law allows them to pay anyform of dividend at all.Have they been taking advice fron Philip shifty Green?|
my retirement fund
|Has anything happened at this company -it seems to exist in a time warp.
Time for Panmure Gordon to earn its corn...|
|would it be possible to do a worse job............|
|Market seems to think the new CEO may do a better job.|
|Added for recovery play with RNO.
RNO update was ahead of prior expectation and MLIN was in line with prior view.|
|looks like the share price is on the road to recovery, significantly undervalued and if planning permission is given for the land we should see a decent spike to 80p.|
|too cheap imo, plenty of cash on the bs, low p/e, decent entry point imo|
|New research out today from Equity development
|These deadlegs will be drafting it now. Need to pluck the five most apt excuses for poor performance from the list of 100 which have been dished up over the past five years.
1. Unusual sun spot activity has hit demand for cigarette machine orders.
2. poor planetary alignment has meant we have been unable to make any further land sales.|
|NOT ME SORRY|
|Anyone going to the AGM tomorrow|
|Wise to wait until next update IMO. Things could get worse on the trading front.
I waited with RNO before purchasing today on the improved forecast. It costs more buying on good news and can be difficult to buy in too big a size but it helps you patiently sit on the side when the share price is slipping after a trading warning as in MLIN.
I thought MLIN might be cheap at 80p and now it's 52p. However on a very good update I would buy at 80p but on another poor update I wouldn't have them for 52p.|