Ms Share Discussion Threads

[rivaldo] 03/9/2012 10:42

Excellent spot again Mr T. Have MSI announced this yet - of course not :o)) At least I don't recall it. The only way MSI ever announce anything is if they're forced to.

Talking of which....I notice that whilst on hols there's been director buying of another 3k shares at 255p:



Director buying at MSI has invariably been a good clue as to future news and share price movements.

[mr. t] 02/9/2012 18:01

There's some good info (including pics and a video) about MSI's Seahawk system being used on some of the Royal Navy's combat ships within this article:



A £15m contract caught my eye:

"First entering service in 1988 they have been continually refined and the latest version is the DS 30B Mk2 equipped with offboard sensors, the ATK 30mm Bushmater Mk44 cannon (instead of the Oerlikon) and Seahawk fire control systems that are replacing all previous versions on the Type 23 by 2014 in a £15m contract with MSI."

Has this been announced previously?

[rivaldo] 17/8/2012 09:13

Decent IMS out last week with trading overall in line with expectations. In particular, Defence will have an H2 bias given a few delays, but the normally cautious CEO appears happy to note that expectations for the year "remain as we anticipated".

Encouragingly, I yesterday received (as a member of the Shell Drivers' Club - don't ask) - this e-mail from Shell:

"We're delighted to announce that we are currently adding more than 250 new service stations to our network in 2012! We are embarking on a major programme of upgrading and rebranding former TOTAL stations, and you may well have noticed some of our new sites near you."

Lots of lovely work for MSI no doubt.

[rivaldo] 24/7/2012 08:48

Very encouraging rally. Heading back towards the highs?

[rivaldo] 20/7/2012 08:44

Ah - cheers mpf :o))

Here's what he said - 350p would be nice (I note he also bought CRE, which I hold a few of):

"MSI is an interesting company doing well re-designing petrol forecourts, also has a forgings business and a defence business in naval guns. All three divisions going well and it looks mighty cheap with a £10m cash pile and a great dividend to boot.

It went ex dividend this morning for 6p, so I get that dividend and the shares have gone up, so in effect a free 6p dividend coming my way!

Anyhow I bought them at the seminar at 252.3 targetting 300, but if it pushed through that could go even better. I really think the shares are worth nearer 350 and are underrated. I also added a few more MSI this afternoon at 256."

[gorse] 19/7/2012 20:05

"Proof it was tipped by the naked trader 2 days ago l think you will find ;-)"

Better if he had tipped it 10 days ago, but better two days ago than tonight.

[cockneyrebel] 19/7/2012 19:50

Oh no ! :-)

CR

[mikepompeyfan] 19/7/2012 19:42

Proof it was tipped by the naked trader 2 days ago l think you will find ;-)

[rivaldo] 19/7/2012 17:30

Indeed.

Amazing that MSI have gone ex-div with a 6.5p divi this week yet the shares have stormed upwards! Proof of somthing good methinks.

[gorse] 19/7/2012 16:38

A quality company is delivering solid returns.

[paqman] 18/7/2012 19:38

X div today and share price up.

[cockerhoop] 12/7/2012 18:21

Good spot Rivaldo

I couldn't agree more about the compelling investment case, also been director buying at higher prices and Michael Bell has been a fairly shrewd buyer in the past.

[rivaldo] 12/7/2012 14:22

I notice that Shell has today received approval to purchase 253 more petrol stations:



Since Shell is a major customer of Global-MSI's - and in fact won "an award from SHELL Oil Europe for safety innovation that earned us the Best Contractor HSSE Award for 2011" - this should ensure loads more conversion and update work for MSI in the coming months and years.

Worth noting that MSI made 36.8p adjusted EPS last year, against the current 240p share price - a historic P/E of 6.5. It also had over £10m net cash at the year end.

Looking forward to my 6.5p final dividend - the cut-off date for being on the record books is next Wednesay the 18th July.

[mr. t] 21/6/2012 22:50

Some news on MSI:

1. The first of two RiverHawk vessels built for the Iraqi navy, which have MSI DS-30 guns, has just finished trials and will be delivered to Iraq in Autumn:



2. Global MSI is gaining customers, with its first forecourt for Morrisons and its first two in Ukraine completed recently:

[cockneyrebel] 14/6/2012 11:54

PS - as the chart goes that's a nice buy point near that recent low imo.

CR

[cockneyrebel] 14/6/2012 11:54

Sort of stock that gets a tip and flies tho Greenroom - can really motor north thanks to the illiquidity at times, imo.

CR

[greenroom78] 14/6/2012 11:34

Another stock taking a hit after posting decent results. 1k of volume today and we fall 5.7% - market is nuts!

[greenroom78] 14/6/2012 11:22

Record results at MSI

Last updated: 14th Jun 2012 at 08:04am
Keyword tags: Michael Bell, MS International
Pre-tax profit has jumped by 25 per cent at MS International (MSI) bolstered by a "sterling performance" from its core defence division.
In the year to 28 April, the Doncaster-based engineering business reported pre-tax profit of £8.4m, up from £6.3m in 2011, on sales of £55.9m. Turnover was £54m in the previous year.
Executive chairman Michael Bell said the record results were the result of strong trading performance across all three divisions – defence, forgings and petrol station superstructures - and maintained an upward trend in annual results.
Despite not being "immune to the unfavourable effects of the well-chronicled budget constraints of national governments", Bell said defence – the group's largest division – had produced another "sterling performance" lifting profitability "handsomely" on revenue lower than the prior year.
The business said the results for its forgings and petrol station superstructures divisions had been most pleasing with both experiencing a progressive upturn in monthly order intake during the course of the year.
Looking ahead, Bell said: "The prognosis for the world economy and particularly that of Europe is of grave concern.
"The lack of political resolve affects much that we try to achieve and in common with so many others, we are striving against a persistent and variable headwind. We must and will, maintain our prudent approach to managing and steering the group for the long term interests of shareholders and not just the immediate future.
"Corporate focus remains on creating excellence in everything we do for there is no room for complacency in these highly competitive and tight markets that we serve."

[greenroom78] 13/6/2012 15:18

Thanks darlocst. I've not disected the numbers in full yet. Good to see the cash pile growing even though they are investing in the business.

MCap of £51m with 20% covered by the cash alone.
ISAble
Yielding 3%
Growing
and on a historic P/E under 8

Looks good IMO.

[darlocst] 13/6/2012 15:08

Adjusted EPS (MSI don't quote this) is 36.75p.
Divi yield is 3%
Cash would have been +£2.5m higher if not for property purchase in Poland due to expanding business.

Forgings & Petrol Station superstructures increased orders over course of year and defence orders have increased post year end.

Gross margin increased considerably in H2.

Share price below where director was buying recently.

Next update : IMS in early AUG

[greenroom78] 13/6/2012 15:07

They achieved 16.6p EPS in the first quarter which points to 18.2p in H2.

[greenroom78] 13/6/2012 15:05

Trust me to be away from my desk when they came through.

Revenue up (a bit), EPS up 13.8% and cash up as well. Agree with CR and a historic P/E of 7.8 looks mean especially given they have cranked up the dividend again.

Statement, although cautious around the Euro politics/government spend is still decent and they are confident of further growth next year.

Will wait to see if Michael Bell puts his hand is his pocket again now the results are out.

[phar lap] 13/6/2012 14:35

Record results for MSI



Profit before taxation for the 12 months ended 28th April, 2012 amounted to £8.39m (2011 - £6.68m) on revenue of £55.95m (2011 - £54.20m). Earnings per share were 34.8p (2011 - 30.6p).
Net cash and short term deposits at the year-end were £10.04m (2011 - £9.88m)

[cockneyrebel] 13/6/2012 14:33

Well the sell off over don on those results imo.

PE just 7.8 historic, Isa-able too. A decent divi increase and nothing alarming in there to account for a sell off likethse have had imo.

Outlook statement looks as good as you can expect in this climate too imo.

All imo/dyor etc.

[cockneyrebel] 12/6/2012 22:00

Best results timing I've had from MSI was when they released them at 7.00am several years back. Having biught a week before I was rather pleased with what was a pretty instant 50% rise.

These have great scope to thrash estimates imo.

They said this in Feb:

"In my interim statement, I referred to the Board's confidence as to the full year outlook for the Group. Pleasingly, that confidence prevails with the anticipated outcome becoming progressively more assured.
All three Group divisions, 'Defence' 'Forgings' and 'Petrol Station Superstructures' are performing encouragingly and in line with our expectations.
The balance sheet remains strong with net cash and short term deposits. "

In March Michael Bell added 7K @ 294p - that was 8 weeks before the year end.

I suspect the seller today was a capitulator that has been spooked by the results not being out yet - someone likely to be unaccustomed to MSI's quirky ways possibly.

So cheap these could quite easily rise 30% on decent results even in this market as they are dreadfully illiquid.

All just my opinion of course, dyor and all that.

CR