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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Morson Grp | MRN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 50.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 50.00 | 50.00 |
| Top Posts |
|---|
Posted at 25/5/2012 14:19 by davidosh Liars...I think your post is in rather bad taste when looking at the situation of probably 90% of the independant shareholders here. This is not quite the way I would be looking for quick 20% returns around the market as they would run out pretty quickly and investors getting shafted everywhere would run off wounded and take money out elsewhere with it ! We need strong companies that deliver for shareholders and longer term investing not short term shaftings !! |
Posted at 25/5/2012 10:44 by c1d Value Viper - I totally agree. I have been holding these on the basis that they are massively undervalued based on net assets and consistent record of profitability even when their markets are difficult. I can't understand how the independent director can recommend a deal at this level. I guess I have to hope that the remaining major investors don't cave in at this price and negotiate a better deal? - but if management can get to 75% acceptances then it will be game over... |
Posted at 02/8/2011 16:34 by bottomfisher What is the point of Morson issuing the following trading statement - "Despite the continued challenging business environment trading for the first six months of the financial year is line with the Board's expectations.".What are the "board's expectations"? Do they expect profits to rise/fall/mark time? Perhaps MRN's select group of institutional sharehlolders and one or two brokers know what it means. However, ordinary shareholders do not have a clue. I would love to believe that MRN is a sleeping beauty whose share price will one day spring to life when the UK economy finally starts to recover. However, the paucity of information from the board (small shareholders are not allowed access to the slides for the investor briefings), and the inbred nature of the board (only one independent non-exec), suggests that this is one family run business which would be better off as a private company, rather than a quoted PLC. |
Posted at 07/12/2010 23:03 by essentialinvestor You know I never realised he left the Conservatives, having been a Tory minister previously.A very smart investor. |
Posted at 02/4/2010 09:40 by red ninja Latest comment 29//09 from Growth Company Investor :-Morson's resilience I've long been a supporter of Manchester-based Morson, the market-leading provider of technical engineering staff to the nuclear, aerospace, rail and power markets that is also making inroads into oil and gas and telecommunications. Throughout this gruelling recession, with margins and contractor numbers pressurised, the Morson model has proved highly robust thanks to the relative resilience of its chosen sectors as well as its temporary recruitment bias. Net fee income (NFI) held up well in 2009, easing off by 5.3 per cent to £34.8 million, while the cash-generative firm produced very respectable profits of £10.8 million (2008: £11.7 million), in line with the forecasts of City number crunchers. Net debt was pared to £11 million (£27.9 million) and investors were treated to a maintained 6p dividend. Holding onto clients and clinching additional work with Thales, London Underground and Airbus in challenging markets, finance director Paul Gilmour believes 'we've probably grown in terms of market share' and tells me that aerospace and defence was 'our best sector', with nuclear, where clients include British Energy and Sellafield, 'steady', albeit with rail 'tougher'. Erring on the side of prudence and mindful of public and private sector funding pressures, Gilmour is 'still expecting a tough year in 2010', yet convinces me that Morson is a reliable way to play the recovery. Analysts estimate lower profits and earnings of £8.1 million and 13p respectively this year, before a return to growth in 2011 and 2012, leaving Morson shares, at 91p, well south of the 250p level they reached in 2007, swapping hands for a miserly seven times earnings. To my mind, that is too low for a high-quality business with a great track record, whose shares, incidentally, offer up a 6.6 per cent yield. Fill your boots. |
Posted at 19/10/2009 10:10 by investinggarden Strong Buy Rating from Growth Company Investor |
Posted at 11/4/2009 22:28 by johnsoho Nice write-up for Morson in this weeks Investors Chronicle,their conclusion is 'Forecast EPS of 19.3p produce a prospective PE ratio of just three. On that rating the shares are attractive'....good value. |
Posted at 31/3/2004 22:31 by bangalore Any advice as to what is the BEST option for investors?Thanks |
Posted at 01/9/2003 13:27 by goodgrief There seemed to quite a number of large institional buys on Friday, but private investors are leaving the scene with a number of small sales taking place. |
Posted at 11/4/2003 10:54 by goodgrief Citywire comment :-Software business Merant (MRN) attracted the attention of three directors earlier this week as its share price continues to enjoy a strong run. The biggest spender was non-executive chairman Michael Gillard who snapped up 50,801 shares on Tuesday at 124p per share, a total cost of £63,000. This almost doubled his holding in the £126 million company to 126,774 shares. He was joined by two fellow non-executives, Don Watters and Michael Berty who each bought 12,091 shares at 124p per share, each spending £15,000 in the process. Watters and Berty have now have 24,758 shares each. Merant has returned to favour with investors impressively over recent months. In October it dipped as low as 70.5p but has since been on a steady upward curve, hitting 123p in recent days. Last night it closed unchanged on 122p. Its share price improvement is linked to its improved performance. It moved into quarterly profit in the middle of last year and has since sweetened up investors with a £35 million return of cash. |
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