Morgan Crucible Share Discussion Threads

[mikepompeyfan] 06/4/2010 09:02

What a fantastic buy this is proving to be. Only dilemma now is whether to profit take or hold. Would hate to sell out too soon.

[cobweb] 26/3/2010 14:56

Disappointing drift in the price, since midday....

[frizsand] 26/3/2010 13:00

It's happening pretty frequently at the moment I give you that.

[bookbroker] 26/3/2010 12:11

Talk about ramping, it's the same at Bodycote, the way they are performing this week you'd think they were climbing into bed with each other!

[frizsand] 26/3/2010 11:55

Bid rumours

[cobweb] 26/3/2010 11:52

Any reason for todays rise ?

[mikepompeyfan] 20/2/2010 06:19

Questor says BUY

The 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.

[jashunter] 19/2/2010 23:40

Briliant rise today of 9.91% finishing at 186.3. Buyers confident to invest in this well run company. I continue to hold as a mid to long term investment. Well placed to benefit from recovery.

[itsallaguessanyhow] 19/2/2010 15:37

I'm holding, but just hope they get to see the fruits of their labour.

I'm fairly convinced they'll get taken over at some point, but let's hope they don't and just carry on doing as well as they are.

Itsallaguess

[mikepompeyfan] 19/2/2010 13:48

Still no interest here then. Results seem to have been taken well though :)

Mark Robertshaw, chief executive of Morgan Crucible, is pushing a simple message to the City today: "We are a completely different business." With the final dividend maintained at 4.5p, giving 7p for the year, the closing price last night of 169½p yields an attractive 4.2 per cent. Engineering businesses are geared well for a global recovery and well-run companies more so. Continue to add says the Times.

The shares trade at a shade under 12 times 2010 earnings and could enjoy a re-rating once sales growth kicks in. That might not be as far away as the sceptics think. Buy says the Independent.

[libertine] 14/1/2010 09:21

HSBC has reviewed the mid-cap cyclical stocks. Upgrades Morgan Crucible to overweight from neutral with a price target of 200p and Weir Group to neutral from underweight with an 80p a share price target. Charter and Bodycote have been downgraded - each to underweight from neutral with a price target of 600p and 160p respectively.

[mikepompeyfan] 07/1/2010 21:02

Quiet board this. Surprising as it's a well rated share according to the broker forecasts TDW are showing. I would have thought there'd be more interest :-

Broker Date Rec Pre-tax (£) EPS(£p) DPS(£p) Pre-tax(£) EPS(£p) DPS(£p)
Arbuthnot Securi... 16-11-09 ....BUY 60.00 14.11 7.00 70.00 16.20 7.45
Panmure Gordon 23-09-09 ... .... BUY 64.02 15.23 7.00 74.19 17.68 7.00
Arden Partners 22-12-09... ... . BUY 59.47 14.38 7.00 62.27 14.74 7.00
KBC Peel Hunt Ltd 09-11-09 ..... SELL 41.39 10.91 7.00 52.96 13.62 7.00
ABN AMRO 22-12-09 . .......... . BUY 43.71 11.61 7.00 50.97 12.34 7.00
Numis Securities... 19-11-09.... BUY 59.60 12.30 7.00 74.50 16.40 7.35
Evolution Securi... 07-09-09.... BUY 52.30 12.90 7.00 60.40 14.70 7.00
Altium Securities 30-11-09 ..... BUY 60.00 14.20 7.00 70.00 16.20 7.00
Speirs & Jeffrey... 29-09-09 ....BUY 60.20 14.70 7.00 69.90 17.10 7.40

[betman] 16/12/2009 11:25

bottomed out after over reaching earlier in the recovery
Sound technology
5% yield
Any takers ??

[geordie boy2] 12/11/2009 19:02

recent trading update from cookson, bodes well for Morgan crucible. Lets see!!

[martincoops] 06/11/2009 10:01

Interim Managment statement due on the 19th Nov so we should get a better idea on how they have been doing during the last few months

[geordie boy2] 08/10/2009 18:28

I've been tracking this company for a year now, strong management, good operating margins, good yield and good recovery play in diverse market segments. 220.00p seems fair in, especially considering P/E ratios in the sector. Fill your boots, if only for the income if your in for the medium term.

[martincoops] 23/9/2009 23:43

Nice find Mike

[mikepompeyfan] 23/9/2009 05:24

Morgan Crucible MGCR 22-Sep Panmure Gordon Buy 172.90p previous rec. 190.00p New rec. 235.00p

[mikepompeyfan] 17/9/2009 18:50

190 almost reached !

[libertine] 26/8/2009 10:22

Panmure Gordon has a buy for Morgan Crucible, raising target to 190p from 160p

[kooba] 25/8/2009 08:43

don't you just love analysts the stock was trading sub 90p only a couple of months ago and he has them at underperform...stock rallys 70% on a few green shoots and he says buy.

[libertine] 25/8/2009 08:32

Bank of America upgrades Morgan Crucible to buy from underperform,

[mikepompeyfan] 25/8/2009 08:21

Storming up. Are there bid rumours about ?

[kooba] 20/8/2009 20:09

shorted a few today as well...bit squeezy and volume doesn't support the move imo.but might just push on again as there seems to be a distinct lack of mid cap sellers during the holiday.

[martipop] 20/8/2009 19:40

The rise was a bit too fast, i think a pullback is likely. Short.