Molins Share Discussion Threads

[meijiman] 29/9/2016 16:08

I think the shares will be sub 20p by the time this strategic review is done.

[bartle] 24/9/2016 19:24

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.

[meijiman] 12/9/2016 09:53

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.....

[mctmct] 30/8/2016 10:02

Bartle:

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).

[brummy_git] 24/8/2016 18:04

Bartle - Just reading the doc would be simpler and more accurate

[bartle] 24/8/2016 15:50

Would you mind giving us a précis of what ED are saying today, Brummy?

[brummy_git] 24/8/2016 10:29

New research out today from Equity Development

hxxps://www.equitydevelopment.co.uk/doc/1522.pdf

[my retirement fund] 24/8/2016 10:02

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?

[meijiman] 05/8/2016 14:53

Has anything happened at this company -it seems to exist in a time warp.
Time for Panmure Gordon to earn its corn...

[meijiman] 12/5/2016 08:13

would it be possible to do a worse job............

[capercaillie] 12/5/2016 07:37

Market seems to think the new CEO may do a better job.

[nick rubens] 09/5/2016 10:35

Added for recovery play with RNO.

RNO update was ahead of prior expectation and MLIN was in line with prior view.

[empirestate] 26/4/2016 11:48

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.

[empirestate] 25/4/2016 14:34

too cheap imo, plenty of cash on the bs, low p/e, decent entry point imo

[brummy_git] 22/4/2016 13:54

New research out today from Equity development

hxxps://www.equitydevelopment.co.uk/doc/1485.pdf

[meijiman] 21/4/2016 09:11

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.

[castleford tiger] 21/4/2016 08:37

NOT ME SORRY

[spob] 21/4/2016 08:17

Anyone going to the AGM tomorrow

[nick rubens] 14/4/2016 12:47

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.

[my retirement fund] 30/3/2016 15:24

wonder how low this can go ?

[buywell3] 28/3/2016 08:47

The BOD should have seen efags coming

This should have been sold 5 years ago

But of course that puts shareholders interests first

[alan@bj] 26/3/2016 18:01

I bailed out at 60p for a 20% loss. I don't think the management are poor, simply that market demand + austerity + the pension fund commitments all conspire to make things very difficult for them.