Management Resource Solu... Share Discussion Threads

[12bn] 22/1/2019 14:40

No trades from our seller,I wonder if he has finished,if so then we could get a good rise or two here. Maybe this post will flush him out. :)

[sm0ggyg] 22/1/2019 03:43

poor 0.00000000000000000012bn. He seems to have a complete lack of understanding of pretty much everything.

[apfindley] 21/1/2019 18:40

I've had a reply and been assured talks with a nomad are at a stage where they will complete and announce within days.

[12bn] 21/1/2019 16:30

Best to filter Sm0ggyG apfindley,(I presume it is something he posted that you are posting about). He is just a skint troll who pretends to be a big knowledgable trader but he made the mistake of telling us he had bought in here at just under 6p and 2 weeks later he claimed to have sold for a profit. When I checked the trades there was only one at the price he mentioned for 5000 shares. When I checked when he sold the 5000 share trade showed up,so he bought £300 worth and had to sell for xmas money! He is a skint troll and only worth filtering.

[apfindley] 21/1/2019 15:44

Rofl mr wongaEnlighten us on the mechanisms of finance and debt and payday loans.Yawn.

[12bn] 21/1/2019 14:46

13:43:31 4.8700 102,669 O 4.5000 5.3000 Sell 247,093 1,025,702
13:32:36 4.8600 75,000 O 4.5000 5.3000 Sell 247,093 923,033
13:17:07 4.8700 8,037 O 4.5000 5.3000 Sell 247,093 848,033
13:08:30 4.8700 14,000 O 4.5000 //////// These trades are all buys.

[sm0ggyg] 21/1/2019 14:27

If something looks to good to be true, it invariably is.

Why is it that the banks charge this lot such a high rate of interest?

Discover that and you will discover why the share is at this price.

[12bn] 21/1/2019 13:23

Price still seems to be manipulated by our seller,look at the 100k/200k sells! The sooner they run out of shares the better and it must be soon.///////////////////200,000 O 4.6000 5.3000 Sell 247,093 825,996
12:26:43 4.6900 100,000 O 4.6000 5.3000 Sell 247,093 625,996
12:06:44 4.9000 50,316 O 4.5000 5.1000 Buy 247,093 525,996
11:16:07 4.9000 25,490 O 4.5000 5.0000 Buy 196,777 525,996
11:14:42 4.9000 20,000 O 4.5000 5.0000 Buy 171,287 525,996
11:04:53 4.6400 75,000 O 4.5000 5.0000 Sell 151,287 525,996
11:03:40 4.9000 32,000 O 4.5000 5.0000 Buy 151,287 450,996
11:03:29 4.7350 100,000 O 4.6000 5.3000 Sell 119,287 450,996
10:45:30 5.1000 20,000 O 4.6000 5.3000 Buy 119,287 350,996
10:43:22 4.7100 39,292 O 4.6000 5.3000 Sell 99,287 350,996
10:21:42 4.7100 39,566 O 4.6000 5.3000 Sell 99,287 311,704
09:11:49 4.8500 100,000 O 5.0000 5.4000 Sell 99,287 272,138
08:28:31 5.0400 25,000

[12bn] 21/1/2019 11:45

Management Resource Solutions (MRS) – Guidance confirmed
Michael TaylorJanuary 17, 2019 1:37 pm 0
I previously covered MRS here. The shares have come off a little bit since then, in part due to a big seller (latest share price 4.7p, market cap £9 million).

The company gave a half year update and full year earnings guidance today which the market has responded well to, as many were left wondering why no forward guidance had been given in the full year results a few weeks ago.

Earnings
The company expects to report revenue for FY 2019 of AUD $73 – 75 million, compared to last year’s turnover of $69.1 million. Last year’s EPS was missed due to slight dilution which went to management, employees, and contractors, and this year the company is putting numbers of 2.6p to 3p into the market.

Given the current mid-price of 4.7p, this means the company is trading below 2x earnings, and if earnings growth would continue into FY 2020, the forward P/E could be not far off from 1.

What’s the catch?
There are a couple of issues here to be wary of. The debt MRS carries is high with high interest too, and managing it is a priority:

“Management continues to work towards completion of the debt restructuring. This is progressing well and a further announcement will be made in due course. This will ensure MRS has the most efficient interest rates available and should contribute significantly to the strong FY19 profit performance.”

It is a common theme that many AIM companies promise everything and deliver nothing and so until this is complete I would expect many investors to be on the sidelines, waiting for investment case to be derisked further.

The Nomad situation is a potential problem, too. As Northland and share price Angel are merging, only one of the entities will be allowed to carry a Nominated Adviser license, and so share price Angel will take the licence. There are common directors with John Zorbas who is Chief Executive Officer of URU Metals, and also Non-executive Chairman of MRS. This is not allowed and so MRS is very close to appointing a new Nomad (according to Northland’s CEO).

Outlook
The outlook for MRS is positive, with revenues growing and margin growth expected. This is in part due to Bachmann Plant Hire’s growing specialist services and with the debt restructuring the business will be able to release more cash from its operations.

Investment has been seen in the business with the purchase of new equipment and with the company’s strong relationship with some of the world’s biggest mining companies this growth looks set to continue. A few years ago MRS looked finished and done for bust; this turnaround has been remarkable and whilst there is a seller around is available at a bargain price.

[12bn] 21/1/2019 08:15

The Group is pleased to report that it is trading in line with the Board's expectations for the current financial year. As a result, the Board expects to report Net Revenue for FY19 in the range of AUD$73.0m - $75.0m (FY18: AUD$69.1m) and EBITDA in the range of AUD$12.0m - $14m (FY18: AUD$12.3m). FY19 Net Profit before Tax is expected to be in the range of AUD$8.0m - $AUD9.0m (FY18: AUD$6.0m), which will generate an EPS of approximately 4.5c - 5.1c per share (converting to 2.6p / 3.0p per share at an AUD/GBP exchange rate of 1.7).

The Group's performance in the first six months of the financial year has been driven by strong demand for MRS' services in the resources and construction markets in Australia, continued investment in core profitable assets and rigorous cost management. There has also been a strong focus on growing operations in new markets with higher margins. The restructuring, review of assets and depreciation, and maximising of internal synergies will continue through FY19.

Management continues to work towards completion of the debt restructuring. This is progressing well and a further announcement will be made in due course. This will ensure MRS has the most efficient interest rates available and should contribute significantly to the strong FY19 profit performance.

[12bn] 21/1/2019 08:13

I don't think MRS needs a fund raising at all bazil,they have massive income,which is increasing and falling debt,however,some companies want to grow fast and a placing can be an easy option. MRS has just bought a new yard and several pieces of new equipment so I do not see the need for a placing and this has now been ruled out. MRS is growing its earnings anyway and is likely to be able to get better deals for its debts as the debts fall.

[thehitman1] 21/1/2019 08:03

5.20 paid.

[bazildonbond] 21/1/2019 07:46

Are you certain there's going to be a fund raising or just adding 2+2 and getting 3? Is there a need for more cash?

[12bn] 21/1/2019 07:28

I take it that this means there will be no placings but a rights issue which we can join in on is still possible. So if the recent seller was hoping to buy back the shares he sold by joining in a placing he can now buy them back in the open market instead,that should be fun to watch. :)

[12bn] 21/1/2019 07:24

RNS Number : 4897N

Management Resource Solutions PLC

18 January 2019

18 January 2019

Management Resource Solutions PLC

("MRS" the "Company" or the "Group")

Result of Annual General Meeting

Management Resource Solutions PLC, a leading Maintenance, Fabrication, Civil and Earthworks company, announces that at the Annual General Meeting held earlier today in Brisbane, Australia, all resolutions proposed were approved by shareholders, save for resolution 4, which sought to authorise the Directors of the Company to disapply pre-emption rights in relation to the allotment of new shares in the Capital of the Company.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

Enquiries:

[vilage_idoit] 19/1/2019 09:12

Thanks SmoggyG.

Here is an updated article on MRS.

hxxps://cube.investments/management-resource-solutions-mrs-guidance-confirmed/

Regards,
@vilage_idoit

[thehitman1] 18/1/2019 17:41

BB, I am being honest as usual, 12bn is rubbish.

[biggest bill] 18/1/2019 16:38

Hitman, a bot has taken over your account and is spouting rubbish.

[12bn] 18/1/2019 15:43

I have thehitman1 on filter BB,he is simple,I suggest that you do the same.

[biggest bill] 18/1/2019 15:15

Hitman, you'll have to be more specific about which post you are saying rubbish to. If it's the previous post, the 50k trade at 5.18 IS a buy.