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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Morgan CR. | MGCR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 282.40 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 282.40 |
| Top Posts |
|---|
Posted at 18/1/2013 17:48 by libertine LONDON (SHARECAST) - Morgan Crucible's shares jumped Friday after Goldman Sachs upgraded the UK manufacturer to 'buy' from 'neutral'. Shares climbed 2.49% to 279.70p at 15:55 following the investment banking firm's report Thursday which said Morgan Crucible's valuation represented a 'compelling entry point' for investors considering acquiring stock. The shares have underperformed in the sector by 26% over the past year in EUR terms. The group issued a profit warning in its 2012 third-quarter report along with a number of UK cyclicals. It now trades at a discount of 30% to European Capital stocks making it good value for investors. "We believe Morgan Crucible is continuing on its path to improve the quality of its portfolio," Goldman Sachs said. "The group is shifting its focus towards higher value added business that is specifically tailored to individual customers. Morgan has also achieved positive price pass-through in each year since 2005, including the 2009 recession, and we believe it can continue to deliver pricing in excess of cost inflation into 2013/14." The largest UK manufacturers of carbon and ceramic products for industrial use has significant exposure to the rebounding Asian economies, the bank added. |
Posted at 20/2/2010 06:19 by mikepompeyfan Questor says BUYThe company makes materials and ceramics that are used in a wide variety of applications. Its major markets are defence and aerospace. Although it has been a difficult year for the industry and profits slid 63pc, the group's focus on cost-cutting has boosted cash generation and prompted a larger-than-expected fall in net debt. This fall in borrowings which were reduced by £37.7m to £252.7m over the year is significant. Some in the City had believed that a rights issue was on the cards to reduce gearing, but these fears are now likely to ease. Especially since the full-year dividend was maintained at 7p. This means the shares are yielding a pretty respectable 4.1pc. If management were contemplating a rights issue, it is administratively burdensome to pay shareholders a dividend with one hand then ask for money in cash call with the other. Questor would therefore be surprised if Morgan tapped investors for funds. The shares are trading on a December 2010 earnings multiple of 10.6 times, falling to 8.1 next year. They were recommended at 128¾p on August 2 last year and they are up 32pc compared with a market up 15pc. Buy. |
Posted at 26/6/2009 08:21 by rivaldo Bought some of these on the dip yesterday for ISAs etc:- P/E of 4 - takeover speculation - reassuring investor meeting and broker upgrade yesterday - benefiting from currency movements and lower oil prices For example, from FT Alphaville yesterday: "NH: rumours that Swiss company SGL is looking at Morgan Crucible NH: and that's because it has also raised some money in the bond market NH: senior unsecured convertibles PM: ok NH: but equally the rise in Morgan Crucible could be down to a push from Citigroup NH: they met management last night NH: and reckon that trading has not got worse NH: and that's the company's financial position is better than the market thinks NH: oh and its on four times earnings PM: hmm PM: , perhaps it could be a takeover target NH: possibly NH: here's the Citi piece We hosted a group investor meeting with Morgan Crucible CEO Mark Robertshaw. Key feedback was: Stable Trading Supports Existing Guidance / Forecasts -The overall impression was that trading has been relatively stable over the last 4 weeks since the May IMS and that management are happy with existing guidance. The stable trading combined with the impact of cost actions suggest that profitability may have slightly improved month on month also supporting our profit forecast for 2009E (EBITA of £97m pre reorgs implying - an operating margin of 9.8%). Even 1H/2H Split - Management continue to expect 1H EBITA margins in the high single digit level (pre reorgs). 2H is expected to be at as similar level with profits likely to improve in Carbon (benefiting from cost action and improving body armor sales), remain stable in Technical, and decline in Thermal. Remaining Confident on Financial Position, Yield Supportive - Management reiterated its view that it will not need a rights issue based on current conditions. Operating profits in 2H would need to roughly half versus the 1H run rate to pressure covenants this year suggesting a very small likelihood of a year end breach in our opinion. We would only expect a capital raising if a significant acquisition target was identified. On the basis of the confidence in the financial position we also see the dividend as relatively solid and we note that a yield of 8% is very attractive. Reiterate Buy Rating - Morgan Crucible remains very attractive on a valuation basis with a P/E of 4x peak earnings comparing to our sector average of 8-9x. We expect robust trading to be amplified by growing confidence in the group's financial position in 2H09 supporting strong share price upside." |
Posted at 13/11/2008 21:34 by amla A new start and an attempt to revive interest in a company that first listed in 1890.With four operations spread around the globe including China and a long history that encompasses previous financial crises ,MGRC deserves more attention than it has at the moment. We are struggling to hold recent lows despite the upbeat statement,yesterday. There is keen interest from small investors and I am not sure of the institutional investors as the MGCR website has not upgraded their list since spring of 2008.Anyone who has the time to look into this is welcome to add their bit! I can see why the share price wavered today as the dire news from car manufactures implies that the Molten Metal Systems part of MGCR's activities might be negatively affected next year and beyond. Yesterday's news gave no feeling that that the company was unduly worried about the future. I think that institutional investors are wary of this company since the share price fell off in 2007.If we fail to hold these lows there is nothing to stop us until 50p. Today's activities prove that there is a good resistance level here and MACDs are looking good for the first time in months. LOL |
Posted at 03/12/2007 18:04 by pugugly royaloak;> you are a bit low according tothe Merrl research today which is estimatin eps adjusted of 21.6p. inki:> Agreed but it takes a long time for the penny to drop with investors. |
Posted at 04/10/2006 11:47 by 2shemshersingh i hope the information in regards to the bid comes soon, it's been press speculated that the traget price is 315p and its a venture capitalist company so there are no hurdles such as regulation approval, the stock is weak as investors are getting tired of waiting for news and bit scared seeing stocks like misys take a dive. i think the situation here is different as morgan fundametally is a sound company, it has low debt and rising margins, misys on the other hand has falling sales and is in a market that has declining margins. |
Posted at 27/9/2006 16:27 by 2shemshersingh yes the market makers are forcing margin callers that are on edge, when stock falls suddenly investors panic out, i think news will break soon. romours were news break on wednesday, if the bid was cancilled the directors would of made a statement. the volume still indicates that the clever investors are not selling out, small sales, not like huge insitutional sellers, i've had a few margin calls, used credit cards to finace 150 quid margin call when stock hit 278p, my feeling is news break may occur on wednesday next week. |
Posted at 22/9/2006 09:49 by 2shemshersingh the volume is so low on this stock, looks like investors holding on to news break. |
Posted at 15/9/2006 10:58 by 2shemshersingh i think today the futures contracts expire and investors sitting on the sidelines untill |
Posted at 11/8/2006 17:08 by 2shemshersingh This stock could trace lower and test 260p if news in regards to the price not come out soon. My guess is investors will start to lose patience around 3rd week of bid announcement. So far week 1 has gone by, next week will be another frustration week for hungry news investors. By the 3rds week the stock could slip below 270p. It's all a matter of time. |
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