Made Tech Share Discussion Threads

[speedsgh] 30/11/2015 18:30

MTEC feature in latest issue of AIM Prospector.

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EDIT - Link deleted at request of publisher. To subscribe for free, please go to

[jimmywilson612] 30/11/2015 09:47

Thanks for sharing Wheelie

[thewheeliedealer] 29/11/2015 21:15

Hi all,

One of my twitter mates went to an Equity Development meeting recently and made some notes including MTEC which he kindly let me share on my Website. It's fairly short but you might find it useful,

cheers WheelieD

[jimmywilson612] 27/11/2015 11:48

hxxp://www.recruiter.co.uk/news/2015/11/osbornes-speech-ignores-ts-ir35/

For anyone wondering why this has dropped recently, in my opinion it is the uncertainty around the contract environment following on from Osborne's speech yesterday.

Kermode said the announcement “is very worrying” because it doesn’t rule out the possibility “that rumours that the government intends to introduce a one-month rule, whereby [after which] all contractors must go onto the payroll are true”.

If the rumours were to turn out to be true “it could mean the end of contracting”, she added.

[iceman101] 25/11/2015 14:22

I gave up listening to Osborne! - so I don't know what he said, just been looking through the headlines now. I only mentioned it because of the timing of the fall was around when he finished.
I just bought back in here via a SB as support has been here around here recently and it looks good value to me anyway.

[jimmywilson612] 25/11/2015 14:20

Maybe something do to with contractors they hire out to organisations?

hxxp://www.contractorcalculator.co.uk/umbrella_contractors_lose_expenses_tax_relief_508010_news.aspx

Didnt see anything in the speech about it though

[stegrego] 25/11/2015 14:15

Looked like increased infrastructure spend so don't see that as a bad thing?

[iceman101] 25/11/2015 14:10

penpont - RBC downgraded a number of recruiters this morning. Looking at the timing here maybe something in the Osborne statement as well? But that is just a guess on my part.

[penpont] 25/11/2015 14:01

Is there a general reason recruiters would have been hit at this time? Noticed that this, plus EMR and RTC have fallen today.

[brummy_git] 16/11/2015 11:30

Probably just sentiment relating to the awful events in Paris on Friday

[amencorner] 16/11/2015 10:57

Any reason for the 5% fall today?

[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 13:51

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 12:25

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 12:11

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.