Molins Share Discussion Threads

[blueball] 26/3/2016 14:21

I looking for some fun at 20p.

[buywell3] 26/3/2016 13:44

Sorry to hear that tiger

efags has changed the game now

The chart does not see the BOD of this company turning it around

Sometimes it is best to move on to pastures new

best of luck

[castleford tiger] 26/3/2016 09:18

35.75p is what I will have had when the latest payment comes.

Looking forward the company posted about possible headwinds in the profit making packaging company however there may well be more of an update at the AGM in April.

Last year the EPS was 15.1p and even half that this year will leave the shares on a p/e under 10 and ripe for recovery.
Due to operational gearing profits can rise very quickly as most costs are fixed.

Lets not get too hung up on NAV as the pension plays a big part.
we moved from -14.1 to plus 10.6 last year.
NAV stood at 181p after last years sale.

We have plenty of t/o and the structure to make a good profit.
At 50/55 or 45 p the shares are cheap on what we know and probably worth a punt ( high risk) but that could be rewarded with a 2/3/4/5 bagger if all goes well.

best crack on.
Tiger

[castleford tiger] 26/3/2016 09:03

buywell

I am miles under water here now.

I had a stake of almost 150,000 shares at close to 50p average by February 2009.

That's the good news. Especially as I have had 30/40p a share dividend back.
HOWEVER
My buying raged from 82p to 1.77 a share. Blocks of 10-25k shares.

So yes well behind the game but I do fancy another nibble if they slip to get my average down. They do go in cycles and we are in the down sector right now.
hopefully I will spot the next top and exit.
I never sold the 50p ones because with over 10% yield I was very happy. Clearly that's gone now.

Tiger

[prop_joe] 26/3/2016 09:02

I am always amazed how often other people pass judgement on the decisions of people they don't know and will never know. Especially as without differing opinions it is impossible for a market to exist!

[buywell2] 26/3/2016 08:26

With the rise of vapouring I think that will most likely happen

Chart is nothing short of dire

Only a complete prat would buy now V against Mr Market

[prop_joe] 26/3/2016 08:22

Hi CT, I think it is most important that they maintain a healthy balance of current assets v total liabilities so that they can continue to get good borrowing terms.

If the share price drops to 50p I will definitely be buying more. Given current sentiment I think this is a distinct possibility.

[buywell2] 26/3/2016 08:21

So you lost quite a bit on your 140p buys tiger

& your 50p buys are now just above water level ... soon to go under do you think ?






Castleford Tiger
10 Oct'14 - 17:47 - 242 of 318 0 0

Not really true.
ST has picked a cracking little company. Whats has changed?
We may not make 19.5p EPS this year. But we will again next year.

Tell me at close today you can get 5% yield.
You are getting over 240p a share in assets.
We have no debt.
We turn over 5x our market cap a year.

Short term share price movements are there to take weak holders out.

I started at 50p and my last buys were at 140p. AND I BOUGHT OVER 100K

So what will I do Monday?

BUY MORE at this special price.

Have a great weekend.

Tiger


Castleford Tiger
12 Oct'14 - 09:25 - 245 of 318 0 0

HYDRUS
Cash flow at half way was impacted by an increase in stock due to the delayed order.
TINTIN

I was not going back 10 months but looking at the 30p fall from 135 to 105 on these numbers.

Do you think the company is not worth more than 20 million?

The market (which is running scared right now over the whole ) will recover.

I take the dips as buying chances selling down when I feel we reach close to fair value.
That figure is still over 220p a share ( in my opinion)

Tiger

[castleford tiger] 26/3/2016 07:52

prop joe whilst I agree the valuation of the pension creates huge swings.

The dividend under pinned the price but with that gone it may come back to my old purchase price of 50p many moons ago.
tiger

[hippo] 25/3/2016 21:45

The move to aim was the nail in the coffin, now all about the bod creaming it.

[alan@bj] 25/3/2016 20:27

What concerns me is that as well as a £4.1m loss in 2015, the company also states that the statutory levy expected to be payable to the Pension Protection Fund in 2016 will be "significantly higher".

[castleford tiger] 25/3/2016 17:38

I agree.
The thing that hurt me was the dividend cut which may be less than 50% by year end.
I can see 50p being tested.
Tiger

[prop_joe] 25/3/2016 10:03

Quite a few comments on this thread and elsewhere about the pension position. I wonder if it really is the big problem that some claim?

I looked at the movement in the schemes assets over the last 4 years and the value of the assets increased from £337.5m to £361.8m despite paying out £79m in benefits over the period.

The way that pension accounting works is to compare the present value of all the expected future pension payments with the fair value of the assets at the reference date i.e. no account is taken of potential growth in the assets over the life of the pension scheme. It seems to me that this can give rise to an unnecessarily negative view of the pension position especially when interest rates/discount rates are low?

(I am aware that the pension schemes showed a surplus at the last reporting date)

[meijiman] 17/3/2016 09:45

The biggest issue is the clueless management.

[buywell3] 17/3/2016 09:22

not mine now


buywell2 - 23 Aug 2014 - 03:39:49 - 213 of 310
One would imagine that the rise of the e cigarette is going to hurt this company

[my retirement fund] 01/3/2016 14:20

on my watch list

[trulyscrumptious] 27/2/2016 16:56

hxxp://masterinvestor.co.uk/evil-diaries/the-evil-diaries-petroceltic-and-molins/?utm_source=Master+Investor&utm_campaign=e8d48f6492-

[spooky] 26/2/2016 21:51

You may need to look into the difference between IAS 19 and the technical provisions deficit.

[castleford tiger] 26/2/2016 09:57

Not sure why this pension thing keeps coming up as a negative.
the last valuation had a surplus.
tiger

[daneswooddynamo] 26/2/2016 09:28

A struggling company being eaten by its pension liabilities sadly

[coolen] 25/2/2016 14:35

....who "reset" their (reduced) price target and "rebalance" the (reduced) dividend yield (!).