Management Resource Solu... Share Discussion Threads

[12bn] 31/1/2019 15:02

I have a feeling that the sellers overhang has finally cleared.

[thehitman1] 31/1/2019 14:53

Over 6 million traded now.

[thehitman1] 31/1/2019 14:52

BB, I can sell 700k so the MMs need shares.

[12bn] 31/1/2019 13:59

Management Resource Solutions PLC

17 January 2019

17 January 2019

Management Resource Solutions plc

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

Half Year Trading Update and Full Year Guidance

Management Resource Solutions PLC (AIM: MRS), a leading Maintenance, Fabrication, Civil and Earthworks company, provides the following trading update for the six months ended 31 December 2018 and guidance for the full year to 30 June 2019 ("FY19").

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).

T

[12bn] 31/1/2019 13:57

About time BB,the seller has had control for too long,fundamentals will always out in the end and MRS fundamentals are great.

[biggest bill] 31/1/2019 13:39

It looks as if the market makers are finally running out of shares. I can sell 500k shares now, if I wanted.

[12bn] 31/1/2019 13:37

Management Resource Solutions PLC

17 January 2019

17 January 2019

Management Resource Solutions plc

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

Half Year Trading Update and Full Year Guidance

Management Resource Solutions PLC (AIM: MRS), a leading Maintenance, Fabrication, Civil and Earthworks company, provides the following trading update for the six months ended 31 December 2018 and guidance for the full year to 30 June 2019 ("FY19").

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).

[master rsi] 31/1/2019 13:36

I do not intend to buy until DEBT is being sorted, and that is why I have been researching the company if any more problems

and I do not gamble like some with a couple days before the chance of shares being suspended, thanks but no thanks

[12bn] 31/1/2019 13:02

You missed the boat by being too greedy MasterRSI,you should have bought in yesterday. MRS earnings are rising and are adequate to repay the debt,eos.

[danny baker] 31/1/2019 12:33

Peterhouse are probably taking some of their clients out and Arden will be marketing the stock to their client base who have a good number of value investors. All in all quite a smart NOMAD/broker appointment and a further breaking of the links to previous directors.

[thehitman1] 31/1/2019 11:57

Almost 4.5 million traded now.

[danny baker] 31/1/2019 11:29

Jason, yes good spot. Peterhouse are no longer broker otherwise Arden would have said joint broker in the RNS. Arden tend not to work jointly with Peterhouse much.

[12bn] 31/1/2019 11:25

Well said mikro. Once the big seller runs out of shares then the share price should be able to re-rate to a much higher level. Today will really help soak up any shares that they have left.

[mikro1] 31/1/2019 11:06

In my opinion this has all the classic ingredients of a multi bagger - cash generative trading at about 1x EBITDA, debt not massive compared to EBITDA and soon to be restructured, new management team, booming market etc. The market has simply lost faith based on historic issues but if anyone looks at the RNSs from the past 12 months they all show the new management executing very well at a rapid pace. The biggest question lingering was the NOMAD and now that that has been resolved I anticipate the share price doubling in the next 3 months and more thereafter.

[master rsi] 31/1/2019 11:05

RNS .. Arden Partners the new Nomad

Save by the bell on the 11th hour, was the last day to appoint a NOMAD or being suspended and management got most shareholders "on tenterhooks" for some time, so do not blame anyone else but them.

One hurdle being passed, now the next one is DEBT.
But there are a few challenges for the company that still remain, like the directors themselves.

[thehitman1] 31/1/2019 09:32

Sm0ggyg, stop making a fool of yourself now. This has all the ingredients for a big rise.

[thehitman1] 31/1/2019 09:30

3.5 million traded now.Only way is up from here.

[sm0ggyg] 31/1/2019 09:16

Keep ramping 0.00000000000000000000000000012, only another 50% rise needed to get back to when you started haunting these good people.

[jason_scrap] 31/1/2019 09:09

Morning all. Are Peterhouse staying on as broker? Just curious as they're name doesn't appear on this morning's RNS. Thanks

[12bn] 31/1/2019 08:38

Now we should concentrate on the reality of a massive growth of earnings. Remember results up to Dec will be out in around 4 weeks.//////////RNS Number : 3724N

Management Resource Solutions PLC

17 January 2019

17 January 2019

Management Resource Solutions plc

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

Half Year Trading Update and Full Year Guidance

Management Resource Solutions PLC (AIM: MRS), a leading Maintenance, Fabrication, Civil and Earthworks company, provides the following trading update for the six months ended 31 December 2018 and guidance for the full year to 30 June 2019 ("FY19").

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.

[12bn] 31/1/2019 08:35

F3rdinand,yesterday the likes of MasterRSI were talking about suspension being days away because of no nomad,whereas today that scare story has been shown for just what it was,rubbish.

[apfindley] 31/1/2019 08:33

(advisor /nomad, not broker)

[thehitman1] 31/1/2019 08:29

12bn>> tit

[thehitman1] 31/1/2019 08:28

2 million traded now.