Management Consulting Share Discussion Threads

[scotswhaehae] 24/1/2007 08:52

This has often moved in delayed and spiky ways...

Next leg up could well be getting underway now I believe...

Keep watching the volume guys!

55p plus soonish imho!

[rivaldo] 24/1/2007 08:52

Bit of a move this morning - up 0.5p and 45.75p on the bid, the highest I've seen for some time from memory.

[pobpob] 23/1/2007 09:51

6 times over NMS i meant to say..

[pobpob] 23/1/2007 09:29

Dont think they have to report them straight away as there over the NMS, they can delay them.

[pobpob] 23/1/2007 08:46

hmm.. im thinking maybe those large trades this morning were sells from yesterday.. reason for slight drop yesterday maybe??

[rivaldo] 22/1/2007 14:21

Barclays have reduced a touch, presumably explaining the current hiatus:



Steve, don't know about single-figure P/E's other than GNG and CHNS, but others I've held a while and like a lot as good value imo are:
AIM - BDI, SMC, RCG, VLE, PGB, LDC
ISAble - CAR, CRE, SVR

Ideally as we approach results time soon the price will start to rise again in anticipation and on the broker upgrades.

Broker forecasts are as follows - a current year P/E of 7.3 is just unrealistically low imo even given the lack of visibility:

2006 2007
Broker Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)
Bridgewell Limited 19-01-07 OWGT 15.70 4.97 0.80 24.20 6.23 0.88
Panmure Gordon 19-01-07 BUY 15.10 4.88 0.85 22.80 5.53 0.96
Evolution Securities 18-12-06 BUY 14.63 4.44 0.90 21.60 5.15 0.95
ABN AMRO 18-12-06 BUY 15.65 5.03 0.84 23.78 6.04 0.88
Collins Stewart 07-08-06 BUY 4.80 5.90

[kneath] 22/1/2007 12:50

Thanks Rivaldo - on the case!

[steve133] 19/1/2007 09:56

it seems hard work pushing through 46p and really we have not tested the mm's at 46.5 yet?.i took some of my profit out yesterday and put it into gng this morning after seeing your post on the 2007 thread.do you know of any other single digit p.e stocks at the mo rivaldo i can take alook at?.after a big sell off i now only hold chns chuk gng and am watching tri.thanks....

[kneath] 18/1/2007 15:56

Rivaldo - Where do you get the earliest & most authoritative broker/analyst recs? I curently use Digitalook but is there a better source?

[rivaldo] 18/1/2007 15:31

Here's more on the Panmure upgrade. Hopefully any overhang will clear - at which point there may be a major price move on any further demand:



"Management Consulting "buy," target price raised

Thursday, January 18, 2007 6:50:12 AM ET
Panmure Gordon & Co

LONDON, January 18 (newratings.com) - Analyst Charlie Cottam of Panmure Gordon maintains his "buy" rating on Management Consulting Group (ticker: NZX). The target price has been raised from 50p to 55p.

In a research note published this morning, the analyst mentions that the company has reported its sales for 2006 marginally ahead of the estimates. Management Consulting is expected to have generated its adjusted PBT for the period, in-line with the estimates, the analyst says. The Ineum integration is in-line with the schedule and the company's diversity is beginning to yield benefits, Panmure Gordon adds."

[scotswhaehae] 18/1/2007 14:36

many thanks for the broker updates...

too low targets imho but moving in the right direction!

hopefully we'll be looking back in a couple of weeks when the shares are 55p plus and shaking heads at how these could have been so low!

[steve133] 18/1/2007 12:58

rivaldo looking at level 2 and trades there seems to be endless buys at 46p which have not moved the price.i take it there must be lots of stock on offer if thats the case you will have to lend me one of your millions as i only have 50k spare lol.looking for a move forward first before buying in again

[rivaldo] 18/1/2007 12:37

Here's your chance steve!



"Panmure...says buy Management Consulting (raising the target to 55p from 50p)"
and
"Evolution reiterates buy...Management Consulting (57p target)"

[steve133] 18/1/2007 09:05

if i see a broker upgrade i will take out those 4 mm's on 46.5 myself

[scotswhaehae] 18/1/2007 09:03

logically they should...especially after the Sunday Times 'Buy' recommendation...which they may well now reiterate this week.

The French acquisition was said to be earnings enhancing for 2007 when it was bought...and now we are told results are even better than anticipated....probably with a better growth rate going forward than anticipated too imho...remember the French vendors are locked in for FOUR years! I believe they were allocated shares at about 58p...lol...so you can get my drift on how much this enhanced business is really worth...the French drive hard bargains and will expect a good return for the 4 year lock in!

[nabeel4975] 18/1/2007 08:50

I hope not!

Keep it quiet ;-)

[scotswhaehae] 18/1/2007 08:37

...wonder whether Robbie Burns and followers will pile back in?

[valhamos] 18/1/2007 08:33

"Would have preferred them just to say 'trading in line' rather than quote numbers away from the context of the full results statement, just to avoid any confusion."

Surely it's the other way round. It avoids confusion if actual numbers are quoted rather than just "trading in line" which always begs the question - What are these expectations? Has the broker made any adjustments to profit (eg adding back amortisation of intangibles) that I do not make in my own forecast.

[scotswhaehae] 18/1/2007 08:30

...will be interesting to hear of Panmure and Bridgewell's morning meeting notes analysis...


Shadow boxing so far but looks very promising for when the bigger boys start to play!

[steve133] 18/1/2007 08:21

if we get a tip or upgrades the we could move into the mid 50's imho

[rivaldo] 18/1/2007 08:14

Looking good chart-wise too, past an old high. On a current year P/E of 7 or 8 MMC looks too low by half imo.