Management Resource Solu... Share Discussion Threads

[12bn] 06/2/2019 16:30

12bn6 Feb '19 - 07:51 - 352 of 364 Edit
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dave the seller could well be finished already,I have pondered over the reasons for the selling now the share price is under a p/e of 2 (nearer 1.6). One possibility is that the seller had been promised new shares in a placing but that was voted down in the recent AGM. Another could be simply Bachmann wanted cash not shares for his company and so sold a lot. Morffew may have seen Bachmanns selling and decided to jump on the bandwagon. Whatever the reasons the company is in recovery mode and earnings are growing fast and so buying now and holding for a year could reap major rewards,imo.////// This is a post of mine from earlier where I speculated on why Bachmann and Morffew have reduced their holdings,it is of course speculation only.

[12bn] 06/2/2019 13:35

Results to the end of December out at the end of this month.

[12bn] 06/2/2019 13:27

I agree with Biggest Bill. This share is at a p/e of 1.6 and yet its earnings are growing fast. Wise PIs should snap these up while the share price is artificially low,imo.

[biggest bill] 06/2/2019 13:17

Bazildonbond, you have made the classic mistake of assuming that the market is efficient in pricing small companies. It clearly isn't. The reason this share is low is because of the share overhang; it certainly isn't because of the business of the company which is going well. Eventually, the share overhang will clear and the fundamentals of the company will be reflected in a much higher share price.

[sm0ggyg] 06/2/2019 09:05

You can keep repeating the same old rubbish, but Mr Market doesnt believe you, as he knows better.

You keep on missing the obvious problem here, but I guess being brainless is a mitigating factor for you.

[12bn] 06/2/2019 09:03

MANAGEMENT RESOURCE SOLUTIONS KEY NUMBERS
Latest Share Price (p) 4.65 Net Gearing (%) 79.13
Market Capitalisation (£m) 9.55 Gross Gearing (%) 79.23
Shares in issue (m) 196.95 Debt Ratio 40.66
P/E Ratio 1.61 Debt-to-Equity Ratio 0.18
Total dividends per share (p) 0.00 Assets / Equity Ratio 4.81
Dividend Yield (%) 0.00 Price to book value 0.93
Dividend cover (x) 0.00 ROCE (%) 34.82
Earning per share (p) 3.02 EPS Growth (%) 123.95
52 week high / low 9.60 / 3.95 DPS Growth (%)//////p/e of 1.6,a silly low price for a company that is growing fast.

[thehitman1] 06/2/2019 08:47

Looks like seller is finished. And agreed, very cheap at these levels.

[12bn] 06/2/2019 07:59

Note the earnings forecast,2.6p to 3p a share! This is a bargain.///////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.

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.

The Group will announce Interim Results for the six months ended 31 December 2018 on 28 February 2019.

Paul Brenton, Chief Executive Officer of Management Resource Solutions PLC, commented:

"Significant work was undertaken through FY18 to enable management to focus on the core operations of Fabrication, Mechanical and Civil & Earthworks. This has provided the foundations for a stronger FY19, as evidenced by the forecasts that we have outlined for the year. The first six months of FY19 was a period of continued progress for the Group and the Board is confident that the mining focused business, MRS Services Group, is well placed to benefit from opportunities that are being presented from Australia's increasingly strong resource sector."

For

[dave4545] 05/2/2019 15:39

Perhaps that 406k was the last of it.

Been all buys this afternoon and if the seller had more I'm sure they would be selling now the bid is back up

[12bn] 05/2/2019 15:25

This selling has produced the silly low share price here and a golden op to make a great long term investment. We have had derampers claiming that the drop was due to no nomad,it wasn't. Now the derampers are claiming that the drop is due to the debt,which is falling fast and whose terms are likely to be improved,as stated in a recent RNS I posted earlier. This is a buying op for the long term imo but it is just imo,dyor and take the consequences if you buy,it is your decision and there is always a Building Society around. :)

[12bn] 05/2/2019 15:16

Bachmann dropping to 3.89%.////////Management Resource Solutions PLC

13 August 2018

TR-1: Standard form for notification of major holdings


NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant
issuer and to the FCA in Microsoft Word format if possible)(i)
----------------------------------------------------------------------------------------------------

1a. Identity of the issuer Management Resource Solutions
or the underlying issuer plc (MRS)
of existing shares to which
voting rights are attached(ii)
:
------------------------------------------------- -------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer
(please mark with an "X" if appropriate)
----------------------------------------------------------------------------------------------------
Non-UK issuer
------------------------------------------------------------------------------------- -------------
2. Reason for the notification (please mark the appropriate
box or boxes with an "X")
----------------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights X
------------------------------------------------------------------------------------- -------------
An acquisition or disposal of financial instruments
------------------------------------------------------------------------------------- -------------
An event changing the breakdown of voting rights
------------------------------------------------------------------------------------- -------------
Other (please specify)(iii) :
------------------------------------------------------------------------------------- -------------
3. Details of person subject to the notification obligation(iv)
Name Karrabin Investments
City and country of registered Ipswich Australia
office (if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
----------------------------------------------------------------------------------------------------
Name
------------------------------------------------- -------------------------------------------------
City and country of registered
office (if applicable)
------------------------------------------------- -------------------------------------------------
5. Date on which the threshold 8(th) August 2018
was crossed or reached(vi)
:
------------------------------------------------- -------------------------------------------------
6. Date on which issuer notified 11(th) August 2018
(DD/MM/YYYY):
------------------------------------------------- -------------------------------------------------
7. Total positions of person(s) subject to the notification
obligation
----------------------------------------------------------------------------------------------------
% of voting % of voting Total of Total number
rights attached rights through both in % of voting
to shares financial (8.A + 8.B) rights of
(total of instruments issuer(vii)
8. A) (total of
8.B 1 + 8.B
2)
---------------------- ------------------------- ---------------- ---------------- -------------
Resulting
situation
on the date
on which
threshold
was crossed
or reached 3.89% 3.89% 196,946,002
---------------------- ------------------------- ---------------- ---------------- -------------
Position
of previous
notification
(if
applicable) 4.99% 4.99%

[12bn] 05/2/2019 15:13

Morffew dropping to 2.75%.////////Management Resource Solutions PLC

18 October 2018






TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)

1. Identity of the issuer or the underlying MANAGEMENT RESOURCE SOLUTIONS PLC
issuer
of existing shares to which voting rights
are
attached: (ii)
------------------------------------
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights X
------------------------------------------------------------------------------- -------
An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached
------------------------------------------------------------------------------- -------
An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
------------------------------------------------------------------------------- -------
An event changing the breakdown of voting rights
------------------------------------------------------------------------------- -------
Other (please
specify):
------------------- ---------------------------------------------------------- -------
3. Full name of person(s) subject SCOPN Pty Ltd
to the Paul Morffew
notification obligation: (iii) Santina Morffew
------------------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
------------------------------------------
5. Date of the transaction and date 16/10/2018
on
which the threshold is crossed
or
reached: (v)
------------------------------------------
6. Date on which issuer notified: 17/10/2018
------------------------------------------
7. Threshold(s) that is/are crossed
or
reached: (vi, vii) 3%
------------------------------------------



8. Notified details:
A: Voting rights attached to shares (viii, ix)
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction

if possible
using
the ISIN
CODE
------------------------------------ ---------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights (x)
Shares Voting
Rights
---------------- ------------------ ------------ ------------------------ -----------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
----- ------- ------ ----- --- ------------ ------------- --------- ------------- --------------
GB00B8BL4R23 7,070,296 7,070,296 5,400,296 5,400,296 2.75%
---------------- ------------------ ------------ ------------- --------- ------------- --------------


B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion Period rights that may rights
(xiv) be
acquired if the
instrument is
exercised/ converted.
--------------- ------------------------------ --------------------------- --------------------


C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
Resulting situation after the triggering transaction
Type of Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
-------------- ------------- ----------------- ---------------------------- -------------------------
Nominal Delta
-------------- ------------- ----------------- ---------------------------- ------------ -----------


Total (A+B+C)
Number of voting rights Percentage of voting rights
---------------------------------------------------------
5,400,296 2.75%
---------------------------------------------------------

[12bn] 05/2/2019 15:11

We have had holdings announcements from Bachmann and Morffew. Bachmans holdings have dropped from just under 7% to 3.89% and Morffews to under 3%,so we will not see any more holdings announcements from him unless he starts buying again. I will post up the relevant RNSs. The question is why were they selling? As I said earlier Bachmann may just have preferred cash to shares for his company. Morffew may have just jumped on the selling bandwagon or maybe one or both are looking to put in a low ball bid of say 10p a share,who knows?

[dave4545] 05/2/2019 14:58

MRS is not the only stock which can have incredible volumes for months yet have no holding announcement.

It seems that companies are not bothering to update or the sellers are not bothering
to tell the company.

[biggest bill] 05/2/2019 14:54

I think the lse posts were referring to two private investors.

[thehitman1] 05/2/2019 14:49

I am with you 12bn, although you are still a tit.

[12bn] 05/2/2019 14:36

We have had 2 sellers for months,Bachmann and Morffew,their investment companies selling can be seen in the holdings RNSs. Bachmann sold his company to MRS for shares and maybe he preferred cash. I have no idea why Morffew joined in,maybe he wanted to sell and buy back cheaper,who knows. The selling has been done for reasons other than the companies fundamentals and will not last forever. In the end the strong earnings growth and falling debt will ensure a good rise here. I take these low share price as a buying op and I continue to add.

[biggest bill] 05/2/2019 13:40

Dave, according to some posts on lse, there have been two forced sellers in the last few days. Possibly they might have finished now since there has been no significant selling since early this morning.

[dave4545] 05/2/2019 13:21

Certainly good value.

When they announced a new nomad people were happy to pile in at 5.6-5.8p levels
so to be able to buy 1p cheaper is surprising. Still a steady stream of desperate sellers but they have to dry up at some point.

Easy 50% on the table from this level sub 5p to 7p