Morse Share Discussion Threads

[flyingswan] 04/7/2009 19:06

Composite Indicator
Trend Spotter TM Buy

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Buy

Short Term Indicators Average: 100% - Buy
20-Day Average Volume - 663715

Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 569564

Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy

Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 925320

Overall Average: 100% - Buy

Price Support Pivot Point Resistance

18.0000 16.1667 17.9167 19.6667

[wjccghcc] 04/7/2009 11:57

riv,

They have a very large working capital cycle throughout the year - they describe it in detail in a presentation on www.morse.com (though that's gross and not net cash balances). Basically, the year end is the peak in net cash levels so, in the last 12 months they had

30/6 11.1mm net cash
30/9 8.9mm net debt
31/12 3.8mm net cash
31/3 0.8mm net cash

and now 30/6 they have 12mm net cash.

Best to take average net cash for the year to work out what actually belongs to the company IMHO.

[petersmith6] 03/7/2009 18:44

hoping for more steady and sustaind growth after rolling my JJB proffits in.i also interested in the Divi as well.

[flyingswan] 03/7/2009 17:42

I noticed on the Morse website in the news that they recently had an article in the Times. After today's gains and news due out on the 9th July, we may even see some coverage on Morse MOR in the Sunday Paper Tips Sheets. DYOR

[petersmith6] 03/7/2009 17:33

nice agian, i missed could only buy in 6 to 10p.but things look very positive.

[petersmith6] 03/7/2009 15:05

there main market,i topped up in my isa on monday so over the moon at the moment.

[rivaldo] 03/7/2009 14:46

Can I ask holders two quick questions:

- is Morse main market listed or AIM?
- how come MOR say they have £12m cash per the trading statement, yet in the 24th April IMS they had just £2.9m! Have I missed something?

TIA

[qs9] 03/7/2009 13:47

If it can start turning the beast around, then IMO with the good cash position, then this should IMO trend higher...let's see

[petersmith6] 03/7/2009 13:46

shame about all the proffit takers holding the share price back. my next target it 30p.

[mryesyes] 03/7/2009 13:21

Looks like this is set to rocket, buyer or not.
Its fallen from the sky to single digits and now it is clear it is not going bust, so based on all other similar scenarios the price just goes up exponentially, top of the leader board today so its on the radar of all those who have profited from these scenarios this year.
Also it can sell product as its not going bust and as the price multiplies it can do rights issues
BUY

[petersmith6] 03/7/2009 11:26

oooohhh..22p!!!! come on try a little higher.

[chuckie egg] 03/7/2009 10:23

Panmure Gordon upgrades Morse after trading update.

The broker has a new price target on the stock of 22 pence, up from 10.5 pence. It also upgraded its ratings on the stock to "buy", from "hold".

[blackbear] 03/7/2009 08:16

Should get a good run today

[victor2] 25/6/2009 16:40

no havnt seen it myself told its just one liner in mkt report

[mofan] 25/6/2009 15:01

do you have a link victor???

[victor2] 25/6/2009 09:25

FT says bid rumours in morse

[jc1619] 24/6/2009 10:16

do we have a serious buyer at 13.25 ? 300,000 in 6X50,000 lots.

[empirestate] 14/6/2009 12:04

looks decent from friday's price movements for a push north during this coming week.

[victor2] 03/6/2009 08:27

announcment 18.09 last night gartmore been buying now holds 27.266%.

[she-ra] 18/5/2009 17:17

mryesyes - You lost money on Morse now dry your eyes and move on.

[mryesyes] 18/5/2009 00:36

Why buy the whole company when you can take what you want before or after any administrators arrive

[pav 1] 16/5/2009 16:50

6kenny, same here but congratulationd on doing your own research , see you at 9p