Made Tech Share Discussion Threads

[value viper] 16/7/2009 10:29

back on the low, hhmm. is there a PW coming or is it time to invest for the future ? with the revenue, the low net debt position, looks tempting down here.
but wtfdik.

[moet poet] 01/5/2009 07:45

LOL

sub 100p soon imo.

[abc125] 30/4/2009 13:33

This must be about the only stock on the market still sitting at its lows. What's going on?

[volsung] 15/4/2009 08:12

Not much happening

[wd 40] 22/1/2009 18:13

Pile of poop me thinking

[value viper] 04/11/2008 20:07

thought a new thread might be a good idea as the last was from 2006 ! looked to me like some decent buys printed post 4pm today. a break out thru the 220p level would make the chart look more interesting !

[value viper] 04/11/2008 20:05

Facing a possible severe economic slowdown, recruiters have been de-rated unsurprisingly. Matchtech would appear to be a relatively niche, semi - insulated opportunity in the specialist engineering domain. Certainly trading updates thus far have been robust and the valuation now looks pretty compelling. Here's hoping for further progress going forward.

Good luck to new and existing investors.

[stockdawg] 28/10/2008 11:07

The MD's visit to the City last week has abviously had a positive effect!

As with many shares at the moment MTEC is very undervalued... Not sure how quickly we will return to previous levels though... think this is a case of a long term hold and wait.

All IMO

SD

[value viper] 28/10/2008 10:54

rensburg have snapped up a 6.98% stake - can only be viewed as positive I would think and assume they have done due diligence b4hand ! very, very illiquid share this - would be nice to see it 'squeezed' up subsequent to news like this.

[stockdawg] 21/10/2008 07:54

FT web site:

Share Watch: Recruiter improves despite job doldrums
By David Blackwell

Published: October 17 2008 20:10 | Last updated: October 17 2008 20:10

News that the number of people out of work rose at the fastest rate for 17 years in the three months to the end of August helps to explain why the recruitment sector is out of favour. Nevertheless, Matchtech this week reported a 28 per cent rise in revenues to £258.8m, a similar improvement in pre-tax profits to £12.8m, a £6.7m reduction in net debt to £3.1m, and a 14 per cent increase in the dividend to 15.6p for the year to July 31. The company, which specialises in engineering and technical recruitment, arrived on Aim two years ago, placing 7m shares at 310p each. But the shares, which almost hit 500p last summer, have tumbled to just 208½p. That puts them on a prospective earnings multiple of 5, almost half the sector average. George Materna, the founding chairman, is confident of another successful year. He cites the Royal Navy's aircraft carriers, due in service in 2014 and 2015, and London's 2012 Olympic Games.

[value viper] 14/10/2008 09:33

still it won't bounce - mkt just won't re-rate these businesses at the moment. i like the healthy reduction in net debt. mentioned this b4 : MRN is a similar play, saying similar things also to MTEC. just a thought a merger / takeover here don't think sounds too silly - no ramp or advice intended.

[stockdawg] 14/10/2008 07:34

looking very strong and positive. Dividend not too bad either!

SD

[stockdawg] 14/10/2008 07:33

RNS Number : 7516F
Matchtech Group PLC
14 October 2008



14 October 2008




Matchtech Group plc

Preliminary Results for the year ended 31 July 2008




Matchtech Group plc ('Matchtech' or the 'Group'), one of the UK's leading specialist technical recruitment companies, is pleased to announce its Preliminary Results for the year ended 31 July 2008.




Financial Highlights




Revenue £258.8m (2007: £202.8m)* up 28%

Net fee income (Gross Profit) £33.2m (2007: £26.9m)* up 23%

Operating profit £13.8m (2007: £11.3m)* up 22%

Adjusted Profit Before Tax (before non recurring items) £12.8m (2007: £10.5m) * up 22%

Reported Profit Before Tax (after non recurring items) £12.8m (2007: £9.9m) up 29%

Adjusted Basic EPS (before non recurring items) 39.34p (2007: 32.42p) * up 21%

Reported Basic EPS (after non recurring items) 39.34p (2007: 30.16p) up 30%

Total dividend for year of 15.6 pence per share (2007: 13.7 pence). Dividend cover of 2.5 times. up 14%

Cash flow from operating activities £14.9m (2007: £8.1m)
up 84%

Net debt reduced by £6.7m to £3.1m, with gearing at just 18.1%







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

The financial statements have been prepared under International Financial Reporting standards; see IFRs below.




Operating Highlights




Substantial organic growth across every sector

Strong growth throughout the year - Net fee income growth H1 up 22%, H2 up 24%

Healthy balance of Contingency, Preferred and Master Vendor business

Maintained good net fee income mix - contract 67%, permanent 33%

Permanent fees up 28%, permanent placements up 31%

Contract net fee income up 21% and number of contractors working at the year end up 11%

Sales force headcount increased by 26%

[shauney2] 13/10/2008 21:27

I was going to buy into these after the very postive trading update but the market spooked me.Results out tomorrow.

[stockdawg] 13/8/2008 07:41

EoY statement will confirm that Matchtech have grown another 25% since this time last year...

Also they will budget to grow another 20-25% over the next 12 months - the share price will catch up at some point...

These are very cheap IMO and when the markets recover further this will go back to previous highs very quickly...

good luck VV

SD

[9999donkey] 12/8/2008 19:06

mmmmmmm Stock Dawg, Now value viper!


E OR!

LOL

[salvador d] 26/3/2008 12:17

lolololololololol Sickdawg sad sad sad that this hasn't live up to your expectations 300p support broken.

[stockdawg] 06/3/2008 13:24

Good post nick....

Matchtech has out performed nearly all other recruitment companies on the market... including Michael Page, Hays, S Three and Morson.

The financials are out this month and I'm sure they will confirm that Matchtech have outperformed their targets yet again...!!!

But well done bigchops for predicting the slowdown in the US economy, the collapse of northern rock, and the credit crunch...!!!

This is a superb time to buy - the markets are recovering and sentiment is up (for the moment!) - and MTEC are trading well below the current company value!

Unfortunately for Matchtech, the market hasn't taken in to account the industries in which they operate... ie technical services. There has never been more money spent on the Highways, Rail, regeneration etc as there is now. There will also be a huge amount more work in the lead up to the Olympics as well...

good luck all holders

SD

[nickcduk] 05/2/2008 11:28

Not sure you can take that much gratification from having called MTEC lower. MTEC has probably performed better than 90% of companies in its sector. If it had performed in the bottom quartile then you might have grounds for wallowing in your own glory. As it is you just got lucky. Everything is relative.