Management Resource Solu... Share Discussion Threads

[bazildonbond] 28/2/2019 07:25

They're not so exciting, i think expectations will be a little dashed!

[dave4545] 28/2/2019 07:19

6 months profit of £1.88 mil

Looks great on a market cap of £9.85 mil

It's the debt that needs hammering now. Think they have established they are highly profitable. If they can get the debt down then the stock will re-rate

[12bm] 28/2/2019 06:53

Updated shareholder list:

All
1. Leon Hogan R 20,574,467 10.45 0 02/13/19
2. Hargreaves Lansdown Asset ManagemU 19,086,803 9.69 -8,345,220 02/13/19
3. URU Metals Ltd R 17,550,000 8.91 0 02/13/19
4. D M Smith R 7,520,123 3.82 0 02/13/19
5. Ross Charles R 7,500,000 3.81 0 02/13/19
6. MUNIR M A R 7,247,309 3.68 0 02/13/19
7.M Interactive Investor Trading Ltd R 7,072,348 3.59 1,492,077 02/13/19
8.M EQUINITI SHAREVIEW R 6,770,321 3.44 2,044,716 02/13/19
9. Barclays PLC U 6,769,142 3.44 1,704,006 02/13/19
10.M WH Ireland Group PLC R 6,720,000 3.41 70,000 02/13/19
11. Burton Nigel R 6,500,000 3.30 0 02/13/19
12. KARRABIN INVESTMENTS PTY LTD R 6,429,403 3.26 0 02/13/19
13. ESQ P Morffew R 5,400,296 2.74 0 02/13/19
14. Macquarie Group Ltd U 4,679,926 2.38 -42,500 02/13/19
15.M Halifax Share Dealing Ltd R 4,669,409 2.37 134,104 02/13/19
16. HSBC Holdings PLC U 4,377,750 2.22 -2,251,552 02/13/19
17.M KAS BANK NV CUSTODIANS R 4,257,765 2.16 0 02/13/19
18. ALEGANA ENTERPRISES R 4,000,000 2.03 0 02/13/19
19. Beaufort International Associates LtdU 3,964,889 2.01 2,814,640 02/13/19
20. AJ Bell Securities Ltd U 3,947,721 2.00 2,218,026 02/13/19
21.M Share Centre Ltd/The R 3,341,382 1.70 55,510 02/13/19
22.M IG Markets Ltd R 3,111,296 1.58 -1,572,998 02/13/19
23. CAVIALECO LIMITED R 2,895,000 1.47 0 02/13/19
24. D Athan R 2,832,282 1.44 0 02/13/19
25. Smith & Williamson Holdings Ltd U 2,500,000 1.27 0 02/13/19
26. EATON EQUITIES LIMITED R 2,350,000 1.19 0 02/13/19
27.M Jarvis Investment Management Ltd R 2,238,045 1.14 -149,095 02/13/19
28. Jones Timothy Stephen R 1,480,573 0.75 0 02/13/19
29.M Walker Crips Group PLC R 1,435,253 0.73 -700,000 02/13/19
30. Alliance Trust PLC U 1,245,025 0.63 651,025 02/13/19
31. Investec PLC U 1,170,000 0.59 1,050,000 02/13/19
32.M Tilney Investment Management R 1,099,691 0.56 1,099,691 02/13/19
33. Le Duy Min A 1,050,134 0.53 0 11/24/15
34. Banco Bilbao Vizcaya Argentaria SA U 1,004,791 0.51 0 02/13/19
35. Charles Stanley Group PLC U 1,004,300 0.51 171,662 02/13/19
36. Brenton Paul R 1,000,000 0.51 0 02/13/19
37. Christopher Grover "Christopher" R 1,000,000 0.51 0 02/13/19
38.M SVS SECURITIES R 919,233 0.47 669,128 02/13/19
39. Winterflood Securities Ltd U 740,291 0.38 -273,314 02/13/19
40.M RBS MORGANS LTD R 673,708 0.34 0 02/13/19
41. LE MARE SIMON GEOFFREY R 492,000 0.25 0 02/13/19
42. Peel Hunt LLP U 439,473 0.22 109,970 02/13/19
43. Gregory Phillip Burke R 343,166 0.17 0 02/13/19
44. Anne Elizabeth Reid R 343,166 0.17 0 02/13/19
45. Kevin Lonergan R 305,029 0.15 0 02/13/19
46. Commerzbank AG U 259,890 0.13 0 02/13/19
47. Sassey Pty Ltd R 250,000 0.13 0 02/13/19
48.M Sanlam Ltd M 228,700 0.12 0 02/13/19
49. SHAUN FRASER R 225,000 0.11 0 02/13/19
50. HARCOO SUPER PTY LIMITED R 225,000 0.11 0 02/13/19
51. Zorbas John R 219,080 0.11 0 02/13/19
52.M Fusion Wealth Ltd R 213,381 0.11 0 02/13/19
53. McTaggart Jonathon R 200,000 0.10 0 02/13/19
54. Canton of Vaud U 200,000 0.10 0 02/13/19
55.M Renta 4 Banco SA R 188,537 0.10 -16,190 02/13/19
56. Jason John Lonergan R 171,583 0.09 0 02/13/19
57. Howard Gabrielle Reti R 171,583 0.09 0 02/13/19
58. Chau Le R 171,583 0.09 0 02/13/19
59. Paul Lancaster Wiltshire R 171,583 0.09 0 02/13/19
60. Graeme Cole R 171,583 0.09 0 02/13/19
61. John Charles De Andrade R 171,583 0.09 0 02/13/19
62. Maree Chilton R 171,583 0.09 0 02/13/19
63. MANAGEMENTT RESOURCE SOLUTION 2 R 171,583 0.09 0 02/13/19
64. Andrea Leigh Kelly R 148,705 0.08 0 02/13/19
65. James Douglas Beckitt R 125,000 0.06 0 02/13/19
66.M iDealing.com Ltd R 102,200 0.05 15,000 02/13/19
67.M PILLING & CO STOCKBROKERS R 100,000 0.05 0 02/13/19
68. Taing Meng Wong R 85,792 0.04 0 02/13/19
69.M Stifel Nicolaus Europe Ltd R 62,962 0.03 -14,071 02/13/19
70. INVERSIS CLIENTS R 48,891 0.02 0 02/13/19
71. Christina Melich R 40,036 0.02 0 02/13/19
72. PERSHING & CO NEW YORK CLI ACC R 14,850 0.01 14,850 02/13/19
73. Brown Trevor Edward R 0 0.00 -7,151,000 02/28/18
74.M Shore Capital Group Ltd M 0 0.00 -29,357 02/13/19
75. Novum Securities Ltd U 0 0.00 -100,000 02/13/19
76. WEISER ASSET MANAGEMENT R 0 0.00 -633,286 02/13/19

[12bm] 28/2/2019 05:14

I'll be selling the spike come what may. Its the only way to trade this heep of dung.

[apfindley] 27/2/2019 15:55

Good luck buying in the morning if the results are good.

[thehitman1] 26/2/2019 12:39

Basil, have you sold?.Mrs, target 10p.

[12bm] 26/2/2019 09:46

Thats a lot lower than you, 0.000000000000000000000000012iq. Your average is 9p.

[12bn] 26/2/2019 08:35

theidiotman1 may be correct for once,15p sounds reasonable to me. :)

[thehitman1] 26/2/2019 08:29

First target 10p, followed quickly by 15p.Basil?.

[12bn] 26/2/2019 08:19

Looking good,up up and away as basil would say. On a p/e of 10 this should be over 25p! Results out in 2 days.

[thehitman1] 26/2/2019 08:17

12bn is a bellend.Mrs, target 10p.

[12bm] 26/2/2019 06:08

prefer bellend to cynic.

[12bn] 26/2/2019 05:47

What is an 'ignore list' simpleton? Is it posts by PIs that you don't like? I notice that you don't say 'filter list',is that because we all know that you never actually filter anyone? Idiot. Basil is now a holder anyway,he bought in between 12:20 and 2:40 pm. I don't expect a simpleton like you noticed that at 12:20 Basil was posting like a paranoid nutter but at 2:40 pm he was sensibly posting 'up,up and away',why the change? Call me a cynic but he bought in here,imo.

[thehitman1] 25/2/2019 17:44

Target 10p.Basil brush still on ignore list.

[12bn] 25/2/2019 16:31

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.

[king suarez] 25/2/2019 16:24

I can understand that, however whilst the debt is easily serviceable from organic cashflow it would on the other hand be a shame to have to turn down potentially lucrative, higher margin business (and lose out to others in the market which may be more harmful long term) due to lack of investment.

The BOD have to a strike the correct balance. A reduction in the interest rate on the current debt would/will be an excellent step in the right direction, but if there are opportunities for growth at a greater return on capital than the debt interest rate then I would argue that they should be taken for the long term benefit, even if it 'the market doesn't like it' in the short term.

Ideally a balance of both would be best and I expect that is likely the way forward. The BOD shouldn't need to be reinvesting all cash flow in fixed assets in order to sustain and grow profitability sensibly.

We could be seeing extremely healthy dividends from MRS in a couple of years time if the mining industry doesn't collapse.

[dave4545] 25/2/2019 16:15

Still prefer to stop the expansion and concentrate on debt then expand when debt is gone. Just my take on it

[king suarez] 25/2/2019 16:08

Yes, just look at the cashflow statement from the final results.

$12m CAD of operating cash flow = £6.6m generated AFTER financing costs had been paid.

Borrowings are c$20m CAD - so could be paid off in 18 months based on cash flow. However the BOD decided to invest in additional assets, to win more contracts and grow the business instead.

No problem with that for me. Grossly undervalued.

[dave4545] 25/2/2019 15:55

Key for me is how much debt has been paid down recently.

People bang on about refinancing but if they continue to be highly cash generative then the debt might have dropped a good amount. When the Shed gets paid off then there's more cash for other debt to be paid quicker

[king suarez] 25/2/2019 15:39

As long as current forecasts/expectations are confirmed/reiterated by the BOD then this should be rallying to c15p for fair value IMO.

[thehitman1] 25/2/2019 14:48

10p on!!!, get in whilst you still can.Back to fishing.