Murgitroyd Share Discussion Threads

[100rich] 29/10/2012 10:36

Tipped at the weekend in the Momentum Investor

[beta_adjusted] 29/10/2012 09:25

I'm in the same situation. Company looked cheap, great business/sector, but share liquidity and corporate governance + nepotism put me off a little (forget precise details, but executive chairman and his son is also on the board as part of business development).

[retsius] 29/10/2012 09:20

Anyone know about today`s rise? Missed the boat with this onee. Been thinking of buying for the past three years.

[nellie1973] 25/11/2010 19:19

Broker upgrade to BUY

[chingman] 24/6/2010 15:28

MUR update note -

[masurenguy] 19/1/2010 14:00

Quiet here. Paul Hill put a prospective value of 350p when tipping them in December.

Murgitroyd, a UK-listed patent lawyer, should have a field day as scientists come up with more ideas that have to be protected across numerous jurisdictions. These services span many industries, including engineering, electronics, chemistry and biotechnology. This is a growth market, regardless of how government stimulus plans pan out. The industry has doubled in size over the past decade (with an average growth rate of 7% a year), on the back of greater corporate R&D investment, together with a growing number of patent disputes between owners and copycat rivals......Turnover for the year ending May 2010 will come in at £30.4m, with underlying earnings per share (EPS) of 27.9p, rising to £31.2m and 30p respectively in 2011, reckons research group Hardman. On the current share price of 257p, that puts the stock on p/e ratios of 9.2 and 8.6, while paying a 3.5% dividend yield. I would value the group on a ten-times operating profit (Ebita) multiple. After adjusting for the £7m in net debt, that generates an intrinsic worth of more than £3.50 a share – 35% above today's level.

The price subsequently rose by 10% without any news so it was probably on the back of that tip. Seems to have topped out and could retrace back to 278/280p.

On my watchlist.

[cnx] 22/12/2009 15:18

tipped in money week 11 ddecember page 26

[roughjustice] 29/8/2008 19:42

Tipped on - Tenth Episode

[wjccghcc] 20/10/2007 12:30

sold all mine at around 470-480p FARAWAY but still keeping an eye on them. Not really tempted at anything north of 400p in this market.

[faraway] 19/10/2007 17:12

LONDON (Thomson Financial) - Murgitroyd Group PLC said executive chairman
Ian Murgitroyd cut his stake in the company as part of a share placing with new
and existing institutional investors following significant institutional
interest in the group.
The company said as part of the 515,000 share placing priced at 425 pence
per share, Ian Murgitroyd sold 500,000 shares and now holds about 2.39 mln
shares, or 28.61 pct stake in the company, while executive director David Castle disposed his entire stake of 15,000 shares and no longer has an interest in the
group.

ON THE BASIS OF THAT STATEMENT AN INCREASE OF 25p WOULD BE EXPECTED BUT WE HAD THE SAME EFFECT THE LAST TIME HE SOLD A TRANCHE.
CASTLE'S DISPOSAL IS A DIFFERENT MATTER HOWEVER.

[faraway] 09/5/2007 20:05

Dare u to go for it again WJCCGHCC !!!

[wjccghcc] 08/5/2007 11:48

well, that worked quite well :-)

[wjccghcc] 08/5/2007 09:38

Buying back the ones I sold at 460p for 420p. PE for the year about to start now around 15-16 which given the 7% growth in the patent market seems a bit mean.

[faraway] 04/5/2007 12:51

No news is good news but what do you think boys and girls?
A buying opportunity?

[faraway] 30/3/2007 14:48

I thought it would have taken a world catastrophe to have had the MUR sell trade of 1350 for £3.80 today but there you are, you never can tell.

[scottogiuliani2] 30/3/2007 13:16

Despite this week's significant drop in share price, I still believe the fundamentals for long term growth at Murgitroyd are in place:solid management, clear overseas expansion strategy, market leadership within its niche and sound balance sheet/cashflow.
I'm holding on despite the drop and anticipate a rebound once overall Iran tensions stop distracting the market...could be a golden opportunity to get in there for medium-term/lon-term gains...

[wjccghcc] 30/3/2007 12:13

Same as yesterday - end of tax year profit-taking. If it gets to 400p to buy then I'll be interested in adding some.

[roughjustice] 30/3/2007 11:52

Any idea on the 15% drop today?

[shuisky] 29/3/2007 16:17

yep, I'd agree with those sentiments. I hold a bundle of small caps, and did so last year, including MUR. This sort of sudden drop occurred across a lot of my stocks in March, only for them to recover strongly afterwards. As a consequence I kept some cash in reserve for this year so I could use the chance to top up on any of weakness in illiquid stocks. Unfortunately, sod's law dictates that nothing (until MUR today) has fallen like this. Will try and pick some up if this goes on.