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MAYG May Gurney

302.50
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
May Gurney LSE:MAYG London Ordinary Share GB00B1528L44 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 302.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 302.50 GBX

MAY Gurney (MAYG) Latest News

Real-Time news about May Gurney (London Stock Exchange): 0 recent articles

MAY Gurney (MAYG) Discussions and Chat

MAY Gurney Forums and Chat

Date Time Title Posts
24/4/201313:47May Gurney: Nationwide Support Services453

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MAY Gurney (MAYG) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

MAY Gurney (MAYG) Top Chat Posts

Top Posts
Posted at 24/4/2013 13:47 by palwing13
Kier down over 5% today on the MAYG news. However, Kier share price has been climbing for some time and still some way off it's best. Today's drop could prove to be just a blip once the dust has settled.
Posted at 24/4/2013 13:16 by ssords
Excellent outcome, at least for me . Doubt that Costain will come back Kier would not waste effort by making an offer that Costain would consider challenging. Now, do I sell now and lose the 0.50p per share etc expecting keir share price to fall in near future or take the deal, and Kier will march on to better things?.
Guess one pays one's money and takes one's chance. It was ever thus.
Still to evaluate Keir progress/prospects though.
Ssords
Posted at 27/3/2013 12:42 by xdavid
Nig295, you MAYG shares will be exchanged for 0.8275 COST shares. So depends on the relative value of both companies at the time you are thinking of selling in the market.
Posted at 27/3/2013 11:09 by targatarga
nig - depends on where you think costains share price is going. If you sell today your hopefully up on what you initially paid! imho
Posted at 27/3/2013 08:35 by xdavid
Almost forgot though, re "debt"... Net debt is actually around £3M. £74M relates to vehicles and plant leased specifically to service contracts. If those contracts are lost then the vehicles get returned and come off the balance sheet according to Mayg... "the obligation to repay the capital and interest related to this asset financing is contained within the contracts where the assets are utilised". That clarification was the final thing which lead me to buy Mayg in first place.
Posted at 27/3/2013 08:01 by xdavid
Depends on what price Costain opens at this morning though. At 253p, it moves Mayg to an effective exit PE of 9.8 - mmmm, not sure. But I guess a bird in the hand, etc.
Posted at 26/3/2013 21:06 by darlocst
COST & MAYG in all share merger:



Came out too late to be RNSd but all details on Costain website.

Based on Costain share price values MAYG at 253p plus 5.5p dividend will be paid.

A good result IMO.
Posted at 07/3/2013 14:53 by speedsgh
consolidation since start of dec should be viewed as healthy imo. pre-close trading update due at end of March, then preliminary results mid-Jun. that should hopefully wake the share price up a bit.
Posted at 01/2/2013 09:41 by speedsgh
... which is often the best time to buy/add, Dodge. Remember, pre-close trading update is due at end of March so not too long to wait for confirmation that previous problems have been ring-fenced + are being dealt with, hopefully no further problems + that it is business as usual. My guess is the share price will start ticking back up prior to release of interims + then, all things being well, head on back above 200p to its previous trading range. NAI.
Posted at 06/9/2012 11:14 by bones
First of all, I do not hold these nor have done in the past, so am just passing comment. This is not a gloating post.

IMO, the immediate sacking of the CEO suggests a serious review and nasty discovery was had. Or vice versa. Take your pick. Either way it is hard to like it. There wasn't even a thanks to the departing director for all his hard work in the past which is the usual form when someone leaves after a setback. They seem clearly annoyed at him!

Secondly you either believe the board when it says the write down provisions deal with the matter, or you fear it is papering over cracks. When a new CEO finally comes in, or when the interim guy takes a look, the possibility of more remedial action must be real. Further impairments look inevitable as they have said.

Circumstances may well be different from Mouchel but I well remember the denial flying off that BB. At the time, it was still over £1 after a profit warning had halved the share price but people insisted it was cheap as chips with a strong underlying business, regardless of the debt overhang. Ultimately the heavy debt killed it completely and shareholders got nothing. This was after the directors turned down predators who came sniffing around the wounded animal. Watch out for these signs of denial by the board of directors if bidders appear.

Even so, like the Mouchel case after its major warning, IMO, a realistic share price target for May Gurney is well south of £1 as there is nothing positive in today's statement apart from the usual "rest of business is in line, etc". Trouble is that management time will be diverted by the crisis so will not have their eyes fully focussed on the rest of the business.

I wish anyone good luck if they are staying in this share. I guess a white knight bid could be the best outcome. If so, will the directors be man enough to accept the loss of pride (unlike Mouchel)?
MAY Gurney share price data is direct from the London Stock Exchange

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