Morgan Crucible Share Discussion Threads

[goldfeverrush] 13/7/2011 13:57

With figures like this,its a screaming Take-Over-Target.Next stop £4.

[pierre oreilly] 13/7/2011 12:56

goldfeverrush

To answer your question, companies making £580m profit are valued at much more than £900m.

But mgcr have a turnover of that much, not a profit of that much.

Turnover/profit all the same thing to some!

They were a little guarded on the second half performance, but ther first half looks excellent.

[goldfeverrush] 13/7/2011 12:01

Broken the Resistance,no stopping this until £4.00 UNDERVALUED.

[libertine] 13/7/2011 10:34

GOLDFEVERRUSH
A bit optimistic there.


As a consequence of this updated information the Company now expects to report Revenue and EBITA (pre any restructuring and one-off costs) for the first six months of the year to 3rd July 2011 of c£560 million and c£70 million respectively.

For the 6 months.

Revenue c£560 million
EBITA c£70 million

Consensus for year to 31.12.2011 prior to update.

Revenue £1068 million
Pre Tax Profit £102 million

[goldfeverrush] 13/7/2011 10:04

CHEAP as Chips..How can a company be valued at 900 plus million making 560-580 million.This company should be trading at £11 plus.It could be a take-over target a current levels.

[pierre oreilly] 13/7/2011 09:12

I've held this for donkey's years, but given the rise during the last 12 months and especially today, I sold the lot, and hope to buy back if it falls 10% from this spike. Purely a statistical move, fundamentally a really good copany imv.

[jashunter] 13/7/2011 08:47

Good trading statement today gets positive reaction. Up 9.4% at 350p at 8.45am

[fireman bob] 08/7/2011 13:22

looking good for a breakout here, Barclays maintain their 385p price target yesterday, Interim Results 27th July and they've already said they're 10% ahead, looking good for a nice rise to interims

[pugugly] 01/3/2011 09:50

Breakout at 304p but no news that I can find. Anyone heard anything ?

[fireman bob] 17/2/2011 09:17

PBT this year is 67.7m, in 2013 they expect it to be c. 135.4m. This years eps is 18.7p with 272.91m shares in issue. At PBT of 135.4m that would give an eps of c. 35p. Are my calculations right? Any thoughts?

[wjccghcc] 16/2/2011 16:12

I read it as PBT rather than EPS so I suspect it might involve some acquisitions.

[fireman bob] 16/2/2011 15:45

37.4p I think :)

[envirovision] 16/2/2011 10:02

So let me get this right, they are talking about doing around 38p eps in 2013 ?

or am i way out?

[ib1905] 16/2/2011 08:47

Yes - still good in these trying times, what a lovely quiet board this is... no drama just nice upward trend

[this_is_me] 16/2/2011 08:45

The board must be very confident to state that they will double profits in three years. I intend to hold with the expectation of making mnuch more than I already have in the last year.

[slogsweep] 16/2/2011 08:16

market seems to like results even though below forecast

[jashunter] 19/1/2011 09:55

Panmure raises target price from 300p to 355p. Share price rising nicely. Look forward to results in Feb.

[fireman bob] 14/1/2011 11:08

Looks like a good aquisition (profit making business in an emerging market) and they expect it to pay for itself in the next year or so, would explain the use of a scrip dividend last month, through the 3 yr high at 250 and moving up nicely, looking forward to results on 16/2, stunned by the silence though

[tillman] 11/1/2011 20:18

This one seems to be on a roll but very little interest here..would have expected a bit more. Shifting like GKN at present!

[libertine] 17/11/2010 08:35

* Investec has a buy for Majestic Wine, raising target to 425p from 385p, a buy for Morgan Crucible, raising target to 290p from 276p

[scott1978] 23/4/2010 09:00

Morganite making 64 people redundant at their Swansea factory over the next 12 months. 29 of them this quarter.
Company are blaming the loss of an MOD contract (for body armour)& work being moved to their Hungarian factories.

[mikepompeyfan] 23/4/2010 07:19

Decent positive statement today earlier than l expected. I must have been looking at last year's dates. Is it enough for the price to continue motoring short term ?

[mikepompeyfan] 21/4/2010 12:40

Probably after interims on 23rd May. May rise ahead of them.

[scott1978] 21/4/2010 09:22

This does not like breaking the £2.20 mark!!
I think once we'eve broken it & stayed above it then this will motor on up to £2.50.

[mikepompeyfan] 06/4/2010 16:11

New price target of £2.50 up from £2.35 from Panmure Gordon today. Think l'll hold.

Morgan Crucible MGCR 06-Apr Panmure Gordon Buy 217.70p 235.00p 250.00p Reiteration