Made Tech Share Discussion Threads

[nickcduk] 14/5/2007 21:20

Only one broker with forecasts for MTEC. For 2007 they are forecasting 30.15p in earnings. For 2008 they are forecasting 30.82p in earnings. They have had to upgrade both sets of numbers following the amazing interim results. To my mind they are being far too cautious with both this and particularly next years forecasts.

[stegrego] 14/5/2007 19:58

Just found this stock and interested in it (found on google with a search for mining / engineering jobs) - Big skills shortage at the moment in those areas


Does anyone know what the forecasts are for this share?

[stockdawg] 10/5/2007 11:11

Still Massive demand for this stock as seen by the option granted to open up the directors 'lock in' agreements for one day this week.

This is still going to fly..... IMO

SD

[stockdawg] 25/4/2007 13:30

I agree but I'm still sticking to my comment yesterday:

stockdawg - 24 Apr'07 - 14:05 - 33 of 40 edit
Financials out this week - should see a good rise of 5-10% by the end of this or next week....
All IMO
Dawg

I think this will continue to rise a good few percent on average each week as more investors become aware of the potential.....

IMO

SD

[nickcduk] 25/4/2007 13:04

Im hoping for more than that stockdawg. Its a very tight market at the moment if you want to buy with online limits of 150 shares. Im hoping for a multi day move higher as the momentum and breakout traders join in the party. Forecasts will also be increased for both 2007 and 2008 which should help it on its way some more. The icing on the cake would be wider broker coverage.

[stockdawg] 25/4/2007 11:59

This is more like the kind of rise I wes expecting - I reckon this will be up 5% from this mornings price by the end of the week..... IMHO

[nickcduk] 25/4/2007 08:12

The stock needs wider analyst coverage. Only Arbuthnot cover MTEC at the moment and so I dont think its on many investors radar screen. Daniel Stewart have been banging on for months about Morson being a better bet than MTEC. That was until todays results when MTEC showed their organic growth was much better than Morson. Hopefully they might start initiating coverage soon.

[stockdawg] 25/4/2007 07:55

Highlights incase anybody needs them:


Financial Highlights


• Turnover up 30% to £93.4m (2006: £72.1m)*
• Net fee income up 29% to £12.5m (2006: £9.7m)*
• Operating profit up 35% to £5.0m (2006: £3.7m)*
• Operating profit margin 5.4% (2006: 5.1%)*
• Profit before tax up 34% to £4.7m (2006: £3.5m)*
• Reported profit before tax after non-recurring items up 14% to £4.1m
(£2006: 3.6m)
• Basic earnings per share (pre non-recurring items) up 38% to 15.66p
(2006: 11.33p)
• Basic reported EPS up 18% to 13.36p (2006: 11.33p)
• Maiden interim dividend of 4.4p per share


* 2006 and 2007 results exclude the sales and profits from the US business sold
on 31 August 2006 as well as the non-recurring costs of the IPO


Operating Highlights


• Strong organic growth across all sectors (Engineering, Built Environment
and Support Services)
• Results reflect continuing strong demand for permanent placements
• 27% increase in permanent placements and 15% increase in contractor
numbers in the period
• Major Master Vendor contract secured with Mouchel Parkman
• Successful Admission to AIM in October 2006
• Adrian Gunn assumed the role of Group Managing Director on 1 February
2007

[stockdawg] 25/4/2007 07:52

Good results - I expected a bigger rise though - However the interested in this share is bound to keep increasing.....

The agreement with MP is an added bonus to these figures and should guarantee future sales - which is unusal in the Rec industry.

well done all holders

SD

[greengiant] 25/4/2007 06:49

great results!

[nickcduk] 25/4/2007 06:48

Exceptional set of results. Way ahead of forecasts and a very bullish outlook. Confirmation of Mouchel Parkman agreement to boot. Should begin to see a well deserved re-rating and forecasts raised sharply.

[stockdawg] 24/4/2007 13:05

Financials out this week - should see a good rise of 5-10% by the end of this or next week....

All IMO

Dawg

[nickcduk] 12/4/2007 21:05

Nice momentum building in MTEC prior to results. Should carry on its upward march ahead of them and then hopefully move sharply higher following them. It needs wider analyst coverage though. At present Arbuthnot are the only broker with forecasts in the market. If that changes I would expect the share price to head towards 500p.

[andyh21] 30/3/2007 16:26

been keeping an eye on this one!

if the company continues trading well into the yr end and can achieve a 25-30% growth rate (as it has suggested) its puts them on a p/e of 12. Thats pretty cheap for this sector at present...been good growth this year in recruitment!

some solid results from companies such QTA, MP, OPD etc! bodes well!

[nickcduk] 20/3/2007 09:35

I agree Tree Hugger. Morson's result were absolutely dire. I wouldn't expect any better from MTEC. This has got to be the short of the year. If there were more market makers I would close my longs at a shot and open massive short positions.

[nickcduk] 08/3/2007 12:08

It sounds like an excellent short Tree Hugger. I hope your already on board. I wouldnt want you missing an easy 30% profit on it.