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|Murgitroyd Daily Update: Murgitroyd Group is listed in the Support Services sector of the London Stock Exchange with ticker MUR. The last closing price for Murgitroyd was 545p.|
Murgitroyd Group has a 4 week average price of 547.11p and a 12 week average price of 544.96p.
The 1 year high share price is 595p while the 1 year low share price is currently 487.50p.
There are currently 8,992,131 shares in issue and the average daily traded volume is 3,187 shares. The market capitalisation of Murgitroyd Group is £48,782,310.68.
|masurenguy: 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.|
|scottogiuliani2: 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...|
|roughjustice: It is defintely difficult to breakout the figures and I have the EPS figures around 22p and about 25p for 2008 which reads as a p/e of 21 (when I sold) this year, a p/e of about 19.
I expect they will do better than this, but the share price has already moved up considerably to reflect that. I don't think the shares are expensive but I would not buy more at these levels. As a long term holder since 100 odd pence, it was time to reduce the amount I had in this company.
Note I am still a holder tho.|
|faraway: You're not wrong - a 150% growth in the share price in 30 months still doesn't reflect the growth in the company.|
Murgitroyd share price data is direct from the London Stock Exchange