Molins Share Discussion Threads

[castleford tiger] 02/5/2013 18:05

and so the fall continues. now 25p off.

a great buying point...........it may slip a copper or two but then it may leap up

tiger

[alan@bj] 29/4/2013 11:50

So all positive, but why today's fall?

[shauney2] 27/4/2013 10:40

A note from Edison:

[castleford tiger] 08/3/2013 18:33

lots of broker notes out all looking good.
250p 12 month target.

thats a five bagger!

tiger

[spob] 27/2/2013 16:59

Molins is smoking

Molins(MLIN) does much of its work for the tobacco industry, but it was the high-speed packaging machinery business that impressed most in 2012. Profit there tripled to £1.5m and a 5 per cent increase in the order book improves visibility. It's also forced earnings upgrades out of broker Canaccord Genuity, which now thinks the shares could be worth 200p.

Underlying pre-tax profit grew 9 per cent to £4.9m and a lower tax rate helped underlying EPS jump almost a fifth to 21.8p. Canaccord now expects a profit of £5.3m this year, giving EPS of 22p. Despite difficulty squeezing orders out of European customers, the packaging division is expected to do well again. Tobacco machinery should, too. Sales there fell 9 per cent to £31.1m last year after an order worth almost £3m was held back, yet a 10 per cent increase in sales of spare parts, mostly to cigarette makers in the Philippines and Africa, meant underlying operating profit remained at £2.2m.

But it's the Scientific Services unit that's set to excite. A new lab and lumpy work from the US Food & Drug Administration may have cut profit at its Arista Laboratories tobacco testing business by over a third to £1.2m, but Molins, with nearly two-thirds of the market, should make a fortune when a new stricter testing regime is introduced in the US. Expect an announcement in April.


MOLINS (MLIN)
ORD PRICE: 171p MARKET VALUE: £34.5m
TOUCH: 169-173p 12-MONTH HIGH: 174p LOW: 106p
DIVIDEND YIELD: 3.2% PE RATIO: 4
NET ASSET VALUE: 151p* NET CASH: £7.4m



Year to 31 Dec Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2008 91.5 8.8 35.2 5.00
2009 83.8 2.1 6.30 9.00
2010 86.4 4.1 15.3 5.00
2011 89.9 10.4 37.4 5.25
2012 93.0 9.8 40.0 5.50
% change +3 -6 +7 +5
Ex-div: 17 Apr

Payment: 10 May

*Includes intangible assets of £14.5m, or 72p a share




SHARE TIP UPDATE:
Molins' shares are up by more than 60 per cent from their summer lows, yet still trade on less than eight times forward earnings. There's net cash equivalent to 37p a share, too, and the prospect of a big payday in the US. Buy.

Last IC view: Buy, 125p, 29 Oct 2012

[alan@bj] 27/2/2013 16:38

Investors Chronicle rate Molins a Buy, and also cite Cannacord Genuity as having a 200p price target.

[zastas] 27/2/2013 14:14

Agree, good results as hoped for. P/E only about 8.

[spob] 27/2/2013 08:12

just interest rate variations

pensions are spread over many many years

nothing to worry about

[westcountryboy] 27/2/2013 08:04

Good results but rather overshadowed by alarming increase in pension liabilities I fear

[coolen] 26/2/2013 15:11

Any chance of these take-over attempts being repeated (extract from Molins own web site):


".......In July 1976, the Company was listed on the London Stock Exchange. The 1980s, however, was a difficult time for the Group. No longer a private company and with a high sales and achievement record, Molins proved to be an attractive proposition for speculative "corporate raiders". This period saw a series of battles to fight off predatory take-over bids. The Company emerged stronger and more focused....." ?

[bonnard] 26/2/2013 14:47

Just in case anyone is interested in this company ..... the results are out tomorrow.

[castleford tiger] 13/2/2013 18:06

I think 3p is on the cards.
IC still rate as a buy and big progress next year.

That said 200p may tempt me out.
Average of what i have left is only 50p so yeild was 11% on cost but can do much better now in BLUE CHIP.

Lets see eh!
Tiger

[zastas] 13/2/2013 12:42

No recent plug then.

MMs are cautious here; they've been quoting in 1000-2500 shares only for ages. Appear to be worried to be caught short, pardon the pun, in either direction. I remember the days that the NMS was 5000-10000.

Let's hope the results are good. The divi of 3 pence, or perhaps more as a surprise, will be good for shopping. It might buy me a Filly.

[castleford tiger] 12/2/2013 18:42

no but we are breaking new ground.
can they run up to 200p pre results?

Tiger

[zastas] 12/2/2013 11:27

Moving again.

Quiet here, but plenty of buying on L2. Either they're in the know, or are rightly optimistic imh&ho. Any recent plug in the media?

Results due 2 weeks tomorrow.

[zastas] 15/1/2013 16:03

Patience is a virtue.

Results should give a boost in March; then there's a not unrealistic chance that someone willl snap up MLIN for its cash, still low P/E, and especially its promising tobacco laboratory testing ability.

[zoolook] 14/1/2013 15:29

Hah. Thought it was a blip. Lots more mileage in this one.

[zoolook] 11/1/2013 15:39

2023 @ 156.50p.

[zoolook] 11/1/2013 15:22

If it wasn't for the 6p spread I would be tempted to buy some more

[zastas] 11/1/2013 14:11

The MMs will de delighted; they were struggling to get enough sellers during the ride. Two months to go yet.

[zoolook] 11/1/2013 13:31

Was included by Stephen Bland (PYAD) on Motley Fool for his (paper) value portfolio a while back. He trades for "deep value" buying companies that trade at under NTAV with no debt, a yield and low PE. With the share price rise he thinks the deep value as gone so has recommended a sell this morning and I guess a few readers have followed suit.



I'm hanging on for more.

[alan@bj] 11/1/2013 12:17

Looks like the booster rockets failed. Back to earth?

[castleford tiger] 10/1/2013 17:45

300p NOOOOOOOOOOOOOOOO !! nEVER