Morgan Crucible Share Discussion Threads

[libertine] 02/4/2013 12:04

NOW MGAM following name change to Morgan Advanced Materials

[limit up] 15/2/2013 11:46

great results and the dvd increase good company long term..

[philo124] 14/2/2013 18:28

I am not suprised. I am out at the moment, having failed to get back in c230p.

[gnnmartin] 14/2/2013 10:41

I was frightened out by today's results.
Nigel Martin

[libertine] 18/1/2013 17:48

LONDON (SHARECAST) - Morgan Crucible's shares jumped Friday after Goldman Sachs upgraded the UK manufacturer to 'buy' from 'neutral'.

Shares climbed 2.49% to 279.70p at 15:55 following the investment banking firm's report Thursday which said Morgan Crucible's valuation represented a 'compelling entry point' for investors considering acquiring stock.

The shares have underperformed in the sector by 26% over the past year in EUR terms. The group issued a profit warning in its 2012 third-quarter report along with a number of UK cyclicals.

It now trades at a discount of 30% to European Capital stocks making it good value for investors.

"We believe Morgan Crucible is continuing on its path to improve the quality of its portfolio," Goldman Sachs said.

"The group is shifting its focus towards higher value added business that is specifically tailored to individual customers. Morgan has also achieved positive price pass-through in each year since 2005, including the 2009 recession, and we believe it can continue to deliver pricing in excess of cost inflation into 2013/14."

The largest UK manufacturers of carbon and ceramic products for industrial use has significant exposure to the rebounding Asian economies, the bank added.

[pierre oreilly] 23/10/2012 17:17

That would be insider dealing,

[craigends] 23/10/2012 16:31

Libertine. This would make sense of sneaky earlier Director purchase. Somehow think it is all speculation!! Well what isn't in the market.

[libertine] 23/10/2012 08:13

Morgan Crucible may be a take-over target, analysts say
Tue 23 Oct 2012

MGCR - Morgan Crucible Co

LONDON (SHARECAST) - Morgan Crucible, the British maker of ceramics used in wind-turbine blades, has become a potential take-over target, analysts believe.

That after its share price tumbled by 33% -albeit from 14 year highs- in 2012, on the back of a slowdown in revenue growth and a worsening profit outlook, Bloomberg says.

Thus, shares of the Windsor, England-based company are now trading at their lowest valuation relative to earnings since 2009. Even based on analysts' reduced estimates for next year Morgan Crucible is still cheaper than 81% of similar-sized specialty-chemicals producers for the materials industry, according to data compiled by Bloomberg.

In fact, just this month US conglomerate 3M launched a take-over of Morgan Crucible's peers, Ceradyne, and a company such as the former US outfit could now be interested in having a go at Morgan Crucible so as to capitalize on its relatively low valuation, Panmure Gordon believes.

While sales and orders may remain depressed in the months ahead, Peel Hunt analyst Dominic Convey says an acquirer still may find value in the business, given the firm's "very strong market positions in niche segments." From that perspective, "then it is an attractive target," he added.

Nevertheless, not all analysts are of the same view, as is the case with those from Royal Bank of Canada (RBC).

Lastly, another option mooted by some is a merger with rival Cookson.

[philo124] 15/10/2012 19:10

Yep, i think so.

[essentialinvestor] 15/10/2012 17:07

Wondering if some of these warnings are a canary in the coal mine
for the wider market.

[craigends] 15/10/2012 17:02

Libertine
Let's hope he knows!

[libertine] 15/10/2012 14:02

Directors Share Purchase

MR MARTIN FLOWER
PURCHASE OF SHARES 10,000

Price per share 222.54p
Holding 25,000

[sleveen] 13/10/2012 12:01

Industrials taking a bashing, XPP, Cookson, Morgan Crucible have issued profits warnings this week. Previously RNO, VLX ECM. Profits warnings tend to come in 3s.

[northernlass] 12/10/2012 19:23

MORGAN CRUCIBLE TAKES A DIP

Woes at Morgan Crucible (MGCR.L) continued today as the shares slumped 27 pence (10.5%) to 229 pence after the company released a quarterly interim update. The advanced materials supplier told of "deteriorating conditions" in most of its markets, especially Europe and China. The firm is to respond by taking measures to cut costs.

Revenue in the quarter fell around 10% compared to first-half average levels, and it is expected to continue at around that level for the remainder of the year. But at least cash generation remains robust, and net debt is low.

The shares are now more than 35% down from their year high of 360 pence.

See the complete article here:


P.S.
Here's some links about SCLP, one of the hottest stocks at the moment:

[pierre oreilly] 12/10/2012 16:10

Well that was a quick way of losing 2 grand. Been buying and selling this for a few years (nothing fancy or quick, just buy and wait a few months, sell if a decent profit and wait for several months for the price to go lower and repeat, always made a profit up to now, but bought back in three days ago, and sold today for my first time loss in these. Just undoes one of the profits, but baddish luck all the same I think. May buy back in if they fall another 10/20% over the next few weeks.

[philo124] 12/10/2012 08:29

Food for thought accross other stocks.

[pugugly] 12/10/2012 07:22

PHILO124;> The understatement of the year (imo & with respect). It was not unexpected given the recent news from Cookson but worse that I had expected.



What I do not like is that the whole tone appears to be "Things are likely to get worse"

"With a weaker market environment Group performance for the full year is likely to be materially below the Board's previous expectations. We are taking firm action to reduce our cost base to protect profitability and are reviewing further structural actions. In line with our strategy the Group continues to invest for the future both in new product development and capital expenditure in higher margin business areas."

[philo124] 12/10/2012 07:10

RNS, not too good.

[pugugly] 08/10/2012 14:27

Craigends:> Probably yes - Looks like general industrial slowdown and pressure on margins.

[craigends] 08/10/2012 13:51

Cookson ceramics market review affects share price Is it justified?

[pierre oreilly] 23/7/2012 19:17

It took a hit today for some unknown reason - much worse than the market hit. I bought a few, bit of a punt, nothing more.

[craigends] 04/7/2012 09:36

more stock building by Pru. Good sign?

[johnv] 14/5/2012 12:16

another directors buy 30,000@ 287p

[johnv] 09/5/2012 23:50

Quote from digital look


Mark Robertshaw, the Chief Executive Officer of Morgan Crucible purchased 35,000 shares in the the FTSE 250 industrial materials group on the same day stock broker Jefferies hailed the stock as cheap, compared to its sector peers.

Robertshaw purchased the shares at 290.00p for a total of £101,500, increasing his stake in the company to just under 0.54m shares, equal to 0.19% of the issued share capital.

The broker said that, "any share price weakness today [Tuesday] should be considered a medium term buying opportunity".