Morgan Crucible Share Discussion Threads

[prankster2] 27/2/2007 15:20

Bought some more at almost 274 as the ftse is oversold short term compared to the dow jones.

[gelp] 26/2/2007 09:26

I am Warren Buffet

[sklogw] 21/2/2007 08:36

20.02.07 :-7.25, (285.75) brokers maintained their ratings after improved full-year figures, dealers said. The engineering group reported a 32.9% increase in underlying annual pretax profit to 70.3m this morning. It also said it was in talks with a number of acquisition targets. Bridgewell Securities maintained its neutral stance, saying the results revealed few surprises. The broker added that Morgan Crucible shares are not far from October's rumoured bid price of 315 pence and are at a premium to the sector on 15.7 times 2007 earnings versus 14.6 times for the sector. Meanwhile, Altium Securities reiterated its 'buy' rating, with a raised price target of 325 pence from 300 pence. The broker added that with improving operating margins as well as a positive outlook statement, it believes there is more to come from the group. Elsewhere, Merrill Lynch and Citigroup are maintaining their 'buy' stance with Citigroup retaining its target price of 295 pence and Credit Suisse reiterating its 'outperform' and target price of 315 pence.

[prankster2] 20/2/2007 11:44

I expected slightly better results than that, but they are not bad, good positive comments from the chairman, I'm holding my stocks, let's see in the next few days, weeks what the analysts make of it.

[sklogw] 20/2/2007 08:47

Engineering group Morgan Crucible Co PLC said it achieved
margin improvements across its businesses as it reported a 32.9 pct increase in
underlying annual pretax profit to 70.3 mln stg.
Morgan, which makes carbon and ceramic parts for various industrial uses,
said underlying operating profit margins in its carbon business were 15.8 pct
against 13.7 pct last time, while technical ceramics was 10.5 pct against 8.4
pct previously and insulating ceramics grew to 9.2 pct compared with 8.1 pct
beforehand.
Underlying pretax earnings before interest, depreciation, amortisation and
special items of 18.5 mln stg were up 2.4 pct at 99.6 mln stg. Underlying
operating profit before exceptionals rose 11.7 pct to 73.7 mln stg and the final
dividend was proposed at 3 pence per share.
Revenues on continuing operations were up more than 11 pct including organic
growth of more than 9 pct at constant exchange rates, although they fell 9.1 pct
to 677.8 mln stg including discontinued businesses.
Chief executive Mark Robertshaw said the group's strategy of focusing on
higher growth, higher margin end markets while reducing exposure to slower
growth, more commoditised market areas had driven top line progress.
"The Morgan Group is in robust financial health and is in a strong position
to continue targeting further profitable growth and the creation of superior
shareholder value," he said.
"Our strong market positions and healthy balance sheet enable the board to
look to the future with confidence."

[sklogw] 19/2/2007 15:40

results tomorrow

[Abuse team] 17/2/2007 11:08

Post removed by ADVFN

[conan the trader] 17/2/2007 11:07

From The Times - 17/02/07: Optimism ahead of Morgan Crucible's results next Tuesday lifted shares 13p to 296p, analysts Credit Suisse and Dresdner Klienwort both upgrading rating on hopes the ceramics specialist will hit and hold profitability targets.

[prankster2] 16/2/2007 12:22

I was beginning to think the same thing about you sklogw, shhhhhh this is just between me and you, I think we both know why we hang around the same stocks....(whispering into your ear so nobody else can hear us...) keep it a secret, it's because I'm related to Warren Buffett and you are related to George Soros ;-)

[littlechops1] 16/2/2007 09:55

Expexted a break above £3 and it may come next week if not today, but as always DYOR etc..
ROB

[sklogw] 16/2/2007 08:56

I am beginning to think you are following me around

:-)

[prankster2] 16/2/2007 08:43

A stock on my radar, it seems to have drank a lot of coffe this morning and and shot out of the blocks a bit lively this morning, bought some at 294.

[littlechops1] 15/2/2007 15:20

Any lookers here,could be a bit of a break to the upside,weekly chart looks good too,DYOR no advice intended
ROB

[oniabsta] 12/12/2006 08:58

Interesting article,will be good for share price if it transpires

"US banks predict sterling set to crash"

[spacemoggy] 05/12/2006 07:59

Elly if you care to trawl back through the posts on the SBET thread you will see that i made 2 trades on MGCR one a winner and one a loser, but overall i won...so not exactly shatfed mate...oh and i named my entry points, unlike you...Rick

[Abuse team] 05/12/2006 01:35

Post removed by ADVFN

[conan the trader] 22/11/2006 22:44

I guess some of those who got in for a quick win during the takeover talk period are now getting bored and moving on. I expect today's fall was just the mm's taking advantage of that as volume was just average. If you're not in a hurry, then MGCR is still a good bet IMHO.

[betman] 22/11/2006 17:07

are people bailing out now takeover finished , must be some future bid support, but at what level ? I will buy at 250p

[spacemoggy] 09/11/2006 08:37

Added to my long position at 279p...Rick

[spacemoggy] 08/11/2006 16:07

Nice jump today in a down market,i wonder if somebody knows something that we don't hmmmmm...Rick

[spacemoggy] 08/11/2006 15:29

Long @ 272p...Rick