||EPS - Basic
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MS International Share Discussion Threads
Showing 2276 to 2297 of 2300 messages
|topvest, you are right but it will take a while.|
|If you say so! Unless they have electric points they are definitely going ex-growth. Electric cars are the way forwards, whether you like it or not.|
|Oil exposure? Not sure petrol forecourts count :-)|
|I've sold out for a small profit. On my list of holdings that are non-core and low conviction. Too much "old industry" and "oil" exposure for me. Not sure why I bought it other than it was cheap and had a high QVM score which is not a good enough reason.|
|Very little stock available online this morning - have had to put an order in for a top-up|
|Encouraging to see the FD picking up 30k @ 165p|
|Bought some today after a few years away from this stock. Feels like a good time to buy on a bit of drift in between news updates, the last of which was very positive. Held a bit back due to the current chart in case there's an opportunity to buy more a little lower.
I think there's only Cavendish Asset Management Limited with 16.6% that have a notifiable holding.|
|Who are the institutional holders here ?|
|Perhaps the ultimate contrarian investment :-)|
|We struggle to understand why anyone (other than the Board) would want to hold shares in this business: Directors remuneration is excessive and long standing managers are hard to replace.
It looks a real shocker to us that should be nowhere near the stock market!|
|Heading past 200?|
That's the most positive I've ever known Michael Bell. Four mentions of the word 'growth' and only one 'challenging'!|
|I made a small top up yesterday (more by luck than judgement).
1 MSI has been a dog and not joined in the post Brexit recovery.
2 The weak pound must be beneficial.
3 Defence stocks have moved up on the back of Trump.
4 The tick up in long term interest rates reduces the pension deficit.
PS I either had to buy a few more or ditch my holding)|
|No. Interims in December.|
|Are results imminent guys please?|
I thought the results were a mixed bag, good to see the company investing for the future and the dutch acquisition being ahead of expectations. The positive (for MSI) outlook statement is also very welcome.
Whilst as you point out defence is ahead of H1 2014, it wasn't close to matching H2 2014 which may have disappointed some investors. We do know though from the outlook statement in the finals that they expected defence to have a good H2 this year and this business does have excellent visibility.
The current global terrorism & military threat whilst unsettling for everyone is clearly a tailwind for MSI.|
|Why are investors so pessimistic about this company this morning? Steady, if unspectacular progress, has been made overall, with Defence revenue up by £2.6m in the half year and Petrol up £1.5m. Admittedly, Defence was not profitable (but close to breakeven) and Forgings turnover is down by £1.7m producing an operating loss of £0.3m in that division.
Plenty of investment in the future going on (CAPEX £1.19m, 2014H1: £0.31m)
Plenty of cash £11.45m, and no debt.
Plenty of experience in coping with cycles in these three industries.
Was the market expecting a big bounce back already, and is now disappointed?
|While the headline numbers are relatively modest I've never seen them so positive in their recent outlook statements:
Clearly, the Group is ready and in a good position to take advantage of any opportunities presented and we look forward to the future with optimism.
'Defence', we are predicting an improvement in the level of activity for our business in the second half of the current year, even though markets remain constrained.
We expected a continuing difficult environment in the global defence market and in my July AGM statement I highlighted that it was unrealistic to anticipate that trading would be any easier than the previous year.
Whilst the markets of our largest division, 'Defence', are contending with greatly reduced expenditure budgets it would be unrealistic to anticipate the current year being easier than last year.
And having sat on their cash pile for many years they now seem to be investing it:
Innovative, technology driven, internationally competitive product development programmes continue unabated at 'Defence', alongside the recruitment of additional engineers, business development personnel and the upgrading of previously underutilised manufacturing facilities...
Previously reported plans to expand 'Forgings' capacity and capability in the United States, have progressed to the stage where we have acquired a property to develop, which is conveniently close to our existing over-stretched premises in South Carolina. Making this major investment in a much larger, purpose designed and superior equipped facility will enable the division to achieve levels of business beyond our current abilities.
Given how cautious they have been in this area then it would be diffucult to make an argument that they are doing this rashly. It seems likely that these investments reflect real demand in their markets. It also removes one of the critiques of an investment here: that they are very cheap on an EV/FCF metric but were just going to sit on the cash and not return excess capital.|