Made Tech Share Discussion Threads

[battlebus2] 14/10/2013 10:09

Couldn't help myself and got a few just for the fun of it. Results tomorrow should show progress.

[battlebus2] 11/10/2013 15:18

Tried buying back in but mm's not giving an ounce.

[battlebus2] 11/10/2013 14:14

Roaring through £5 shortly, must admit i got it wrong on this one but a profit is a profit. GLA for next weeks results.

[hannahh] 09/10/2013 15:11

QuePassa, glad you enjoyed the MTEC presentation at the ED forum.

We're organising another event in Manchester for those who live within the vicinity and would like to meet management face to face. This is a free event with the objective of introducing you to the business and giving you the opportunity to draw your own conclusions.

Date: Monday 21st October at 5.30pm. Adrian Gunn and Tony Dyer, CEO and FD, will be presenting.

Venue: We will be holding the event at Mal Maison, 1-3 Piccadilly, Manchester M1 3AQ.
If you would like to attend would you kindly email me at [e-mail] for an idea of numbers. Thanks. Hannah

[quepassa] 09/10/2013 08:53

Always good to bank a profit.

Matchtech is however doing very well.

It is in a highly sought-after niche of specialist engineering recruitment at a time when these services are in enormous demand and when the UK economy now appears to have firmly turned the corner. The IMF increasing its growth forecast yesterday for the UK is a truly notable event and a strong economic indicator.

The industry back-drop is highly favourable.

MTEC's track-record is not to be ignored. Their dividend policy and moreover dividend history are astonishingly robust.

As an AIM-listed company, they are additionally benefitting from the new regulations which allow AIM companies to be held in ISA's. Next year also, there will be a further benefit as Stamp Duty is abolished on AIM shares.

AIM companies of this size, track-record and which pay reliable dividends will become increasingly sought after in my view.

The CEO gave a first class presentation at the recent Equity Development conference and it is refreshing to encounter a CEO who comes across as so genuine, no-nonsense, down-to-earth, feet on the ground, ambitious but cautious and who knows his own business inside-out. In my view, he gets ten out of ten.

ALL IMO. DYOR.

QP

[philo124] 09/10/2013 08:23

Yes, agreed, shouldn't have taken profit on some here.

[quepassa] 09/10/2013 08:20

Good strength in share price recently. New high of 478p.

The market cap of AIM-listed Matchtech has surged to a very respectable £115million.

Personally, I am expecting strong/very strong figures next week, 15th, October when the annual Prelims are released.

Matchtech have paid a rock-solid 10.6p final dividend for the last five years through thick and thin.

In their August Trading Update, MTEC mentioned "that the Board now anticipates that the underlying profit for the year to 31 July 2013 will be slightly ahead of its previous expectations."

Recently they increased their interim dividend by 3% from 5p to 5.15pence and have reiterated their progressive dividend policy.

It would highly surprise me if Matchtech do not equally increase their final dividend by 3% , if not by more.

ALL IMO. DYOR.

QP

[philo124] 08/10/2013 07:55

UK Companies hiring temps at the fastest rate for 15 years- Tempus.

[philo124] 08/10/2013 07:45

Robert Walters IMS - uk 21% ahead.

[quepassa] 29/9/2013 17:13

At the recent Equity Development presentation, CEO Adrian Gunn said that it was Matchtech's vision to be the leading specialist engineering recruitment Company in the UK.

The full and impressive presentation is available at the website of conference host, Equity Development.

ALL IMO. DYOR.

QP

[paleje] 29/9/2013 11:28

Aside from the debate about senior appointments, there's an interesting article in todays ST which highlights the skills shortages in the UK and set to get worse as the economy improves, assuming that's what happens of course.

Alastair Cox, Hays CEO, came up with some numbers:-

Within 8 yrs 2.4m of UK's 5.4m working engineers will retire.
On conservative estimates the sector will create a further 330,000 jobs.
British Unis only churn out about 25,000 engineering grads each year.
The upshot, according to Hays, is that 2.7m positions..roughly half the country's engineering workforce...will need to be filled.

That's a lot of future business for MTEC and others in this sector, regardless of who's at the helm:)

[quepassa] 25/9/2013 10:53

It will behoove readers to look again at the relevant recent RNS and to pay careful attention to Mr. Gunn's words in the final two paragraphs.

Leaving a company most certainly does not indicate per se underperformance in any respect.

I view the Top Job as that of CEO not as Chairman.

ALL IMO. DYOR.

QP

[zoolook] 25/9/2013 09:37

In reply to QP

Of course it matters if he jumped or was pushed - either would be an indication of underperformance in some respect. Clearly he was on the market and available and been drafted in to shake things up. I value you're posts but I understand as a holder you want to give out positive vibes here but in this matter at least I think you are clutching at straws.

[cockney sparrow] 24/9/2013 20:17

To me it's an obvious "Earth control to Major Tom" SELL moment.

[paulypilot] 24/9/2013 17:47

Hi,

For anyone interested, you can meet the management of this company at Equity Development's latest Investor Forum, which is being held TOMORROW - Weds 25th Sept at Fasken Martineau's offices in Hanover Square, London.

If you want to attend, then contact details are on equity development's website under "news" here:

I'll be going, so say hello if you do attend too!

Cheers, Paul.

[quepassa] 23/9/2013 11:49

Don't really think it matters.

"Woz 'e pushed or did 'e jump". Who cares?

Those big international overseas-based corporations are full of all sorts of kafkaesque politics.

People join and exit companies all the time for all sorts of reasons.

Wilkinson's CV looks very accomplished in its own right and on a stand-alone basis.

And in my opinion you can bet your bottom dollar that if founder George Materna who owns 30% of the Company wasn't 200% certain that this was the right man for the job, he wouldn't have hired him.

ALL IMO. DYOR.

QP

[zoolook] 23/9/2013 11:11

Any background as to why he was replaced at Randstad?

[quepassa] 23/9/2013 10:57

A little more info and background on the incoming new Chairman from Recruiter magazine:-



New man certainly has a top-notch CV and excellent experience in the sector.

In my view the new managerial set-up is ideal.

George Materna will still very much be in evidence with his massive 30% shareholding/voting power in the Company. A new Chairman with strategic experience gained from industry leading firms will bring new vision and help MTEC in its growth strategy. Combined with a formidable Chief Executive who knows the Company inside-out.

Looks like a very strong top team to me.

ALL IMO. DYOR.

QP

[grahamburn] 20/9/2013 19:53

First.
Insufficient international expertise (to assist in continued expansion).

Second.
Good corporate governance does not condone progression from CEO to Chairman (especially if it's an "Executive" Chairman role) in the same company.

However, in view of your "deep knowledge" of the company, can you expand on your other reasons for selling up? This may assist myself, and others, in making a more nuanced decision on whether to stay invested.

[cockney sparrow] 20/9/2013 19:42

Having a deep knowledge of this enterprise,

What I can't understand is why gunn wasn't given the role and they chose to recruit externally.

[philo124] 20/9/2013 12:50

Thanks all; glad I kept 50% and banked £1k profit.

[quepassa] 20/9/2013 12:39

IMPORTANT.

Highly regarded NUMIS Securities have today come out with a broker note update on MTEC:-


-REITERATION

-BUY

-TARGET PRICE 544p


ALL IMO. DYOR.

QP