Made Tech Share Discussion Threads

[masurenguy] 30/10/2015 08:44

Took an initial position here today as a yield contributor within my equity ISA portfolio.

[cwa1] 30/10/2015 08:18

Thanks for that. Here's the link in case anyone wants a perusal:-

[jamtin] 29/10/2015 21:35

Compound Income blog has a decent write up today. Brought these onto my radar.

[jimmywilson612] 29/10/2015 16:10

hxxp://www.stockopedia.com/columns/paul-scotts-uk-small-cap-value-report-1/

Paul Scott, who knows his stuff, writes a decent report on MTEC and is a happy holder for the future too on his report today.

[valhamos] 29/10/2015 15:20

Thanks Brummy_git

Given the talk of impending recession in some quarters and a slowdown in engineering (Meggitt news yesterday for instance) I was looking for any indicators to bank profits and move on. But the outlook from MTEC is very positive - "The 2016 financial year has started well, in-line with management's expectations, with many buoyant markets across the Group's core sectors." so with an undemanding rating I am holding for now.

[jimmywilson612] 29/10/2015 11:04

Yes very interesting article Brummy.

Am a holder here and will continue doing so - results are ok, not excellent in my opinion.

[davebowler] 29/10/2015 11:02

Equity Development;
Matchtech is the UK's leading specialist engineering and professional services recruitment agency, providing contract, temporary and permanent staff. In early April, this year, it acquired Networkers International for £66.3m. This was a key strategic move for Matchtech, to help it respond to, and anticipate the increasing convergence of the skill sets in its three core verticals of Engineering, IT and Telecommunications, as well as the increasing globalisation of large clients' workforces. The acquisition of Networkers helped Matchtech address both of these important trends more rapidly, more cost-effectively and with less risk than the alternative of organic growth to achieve the same result.

Today's final results (for the year to July 2015) were in line with market expectations, showing adjusted, diluted EPS up an impressive 17% at 43.3p, with the proposed final dividend up 12% at 16.32p, giving a full year total of 22p (up 10%). The star performance was strong growth in permanent fees in Engineering, up 24% in the year. Matchtech confirmed that the integration of Networkers is progressing well, and that it remains on track to deliver its synergy targets by 2017.

In the current financial year we anticipate a further strong performance, as we forecast adj., fully diluted EPS to rise by a further 11% to 48.1p. We also expect another 10% jump in the dividend (to 24.2p), giving a very attractive 4.8% prospective yield.

Matchtech remains extremely modestly rated relative to the quoted recruitment sector: its forward P/E (of just 10.4X) contrasts sharply with valuations for most of the sector of 15 - 22 times. Likewise its yield is 50% higher than virtually all other quoted recruitment companies. At current levels, Matchtech shares are 41% undervalued relative to our increased target price of 705p (up from 680p previously).

[prop_joe] 29/10/2015 10:17

Thanks for the link Brummy_git

[brummy_git] 29/10/2015 09:00

New research from Equity Development

hxxp://www.equitydevelopment.co.uk/doc/1418.pdf

[jimmywilson612] 25/9/2015 12:51

They also recruit a bit into the Automotive sector as well which is suffering at the moment.

Anything under 500 should be a buying signal in my opinion.

[bscuit] 25/9/2015 11:25

My guess is that they are another sufferer of the oil price collapse and job losses in the oil/gas sector.

[amencorner] 25/9/2015 11:11

Not many followers of this share. They are about 3% of my portfolio and I was thinking of topping up a little more.
Any wise thoughts on the reason for the slackness in the share price?
I have used them for temporary staff a fair amount in the past and they are a very decent company.

[brummy_git] 06/8/2015 07:49

Latest research update from Equity development

hxxp://www.equitydevelopment.co.uk/doc/1382.pdf

[battlebus2] 06/8/2015 07:00

The flat performance from NWKI doesn't inspire...

[speedsgh] 09/4/2015 10:44

New Equity Development research note...

Going Global -

[quepassa] 09/4/2015 08:33

Slightly uninspiring figures perhaps.

Personally not nearly as keen on the new CEO as the old one. The "flavour" of the Company, their announcements no longer seems the same. All rather wishy-washy in my view. Adrian Gunn was a great CEO. Straight-talking. I admired that. I am not convinced personally about Wilkinson.

Outlook rather tame. Integration worries for me. Share price has come off the boil.

As a niche UK specialist engineering recruiter MTEC was very interesting. As a more diversified specialised recruiter across Europe, less so for me. Euro-currency and Euro-land worries, bureaucracy and employment legislation are a big factor now.

MTEC did well for my portfolio and paid good dividends but the time has come to move on. Have today liquidated all my holdings, despite increase in dividend.

Good luck to all holders.

ALL IMO. DYOR.
QP

[quepassa] 23/3/2015 13:32

Excellent to see highly-regarded Old Mutual declaring such a noteworthy stake in AIM-listed MTEC with a holding of 4.2%.

ALL IMO. DYOR.
QP

[battlebus2] 23/3/2015 10:14

Yes all decent contracts.

[quepassa] 23/3/2015 09:54

Today's RNS deserves some real credit.

Many AIM companies use RNS's to give news of relatively small contract wins.

But to see an AIM-listed company announcing significant, competitive and long-term contracts with not one, but FOUR highly-regarded, important and well-known UK companies is astonishing.

MTEC have just announced contracts with:-

1. Southern Water
2. Mouchel Infrastructure Services
3. WSP Group
4. UK Power Networks.


These are important clients and would not award contracts without very careful consideration.

The recent acquisition of Networkers International perhaps focused investor attention temporarily away from the strength and profits of the core and underlying MTEC business. - However, a RNS such as this should fast help rectify this situation and perhaps the market will look again at the attractions and yield of this burgeoning AIM company.

ALL IMO. DYOR.
QP

[quepassa] 18/2/2015 16:53

Thanks.
QP

[battlebus2] 18/2/2015 16:31

Yes, as far as i know he always had around 8% so maybe just adjustments for the NWKI deal.

[quepassa] 18/2/2015 16:11

Thanks but RNS seems to show this as a new position as if he had no shares in MTEC before. - Do you know the history?

Is he now with Blueprint?

Thanks.

QP

[battlebus2] 18/2/2015 15:59

He used to be director here so has an interest.

[quepassa] 18/2/2015 15:49

Anyone know of Paul John Raine who has today acquired a stake of 7.45% in Matchtech.
Seems to be connected with Blueprint Recruitment?
A sizeable position for an individual.

Any info/clarification would be welcome.

Thanks.

ALL IMO. DYOR.
QP