Management Resource Solu... Share Discussion Threads

[apfindley] 06/3/2019 12:57

Not sure why you're bringing debt up as a problem.It might be cutting into profits at the moment, and that will reduce with the restructuring, but Mrs contibues to operate profitably regardless of the known debt.

[12bn] 06/3/2019 12:28

RNS Number : 3561R

Management Resource Solutions PLC

28 February 2019

28 February 2019

Management Resource Solutions PLC

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

Half Year Results

A solid first half with growth delivered across the business

Management Resource Solutions PLC, a leading Maintenance, Fabrication, Civil and Earthworks company, announces its Half Year Results for the six months ended 31 December 2018 ("1H19" or "half year").

Half Year Financial Highlights*

-- Trading performance in line with expectations
-- Revenue up 3.6% to $34.8m (1H18: $33.6m)
-- Profit before Tax up 39.0% to $3.51m (1H18: $2.52m)
-- Basic EPS of 1.35c (1H18: 1.43c)
-- Debt restructuring progressing well with further announcement expected by the end of March 2019

[12bn] 06/3/2019 12:26

First it was the 'no nomad' problem Master RSI latched onto,which proved to be a red herring and now it is debt,which could be put on better terms before the month is out. At the end of the day MRS makes profits and the debt will be falling,it is just a matter of time.Why are you here Master? I guess like last time you want in but you are still too greedy to grab some cheap shares.

[master rsi] 06/3/2019 11:48

Who to blame for what is going on in this company?

Was it "Zorbas" why the share price is going down for some time now?

Was it "MasterRSI" for the share to move lower yesterday and again today?

..... no way José, the only thing one can blame is on the " wrong " direction of the company structure, directors taking more work than they can handle and balance sheet over stretch for that reason. Market realising of that and not wanting to take a chance of losing it all.

That has been the management problem, on no having a developing strategic direction without overstretching themselves.

Growth entails becoming a lot bigger and so they acquired small business, but paying with cash than MRS do not have, means begging to the Banks at high rates to pay for them, and that is how the company is now in big trouble as the current debt was over A$19.9M (£11.05 ) at the last account and the market cap is only £6.9M ( share price 4.35p ) meaning the company is in BIG trouble if it does not get that debt down.

So maybe "Paul Brenton" has a blame for the strategy to grow by DEBT.

[12bm] 06/3/2019 10:22

You shouldnt listen to people with 0.00000000000000000012 of a brain cell.

Tell me, 0.00000000000000000000000000012iq, how do you think a recession in Australia will affect a company like this?

Take your time.

[truffle1] 06/3/2019 09:19

I have sold yesterday and taken a huge loss, thanks 12bn.

[12bm] 06/3/2019 09:00

Your opinion isnt worth the sh1t on my shoe. You assured everyone that 7.75p was a never-to-be-seen-again bargain.

Face it, 0.000000000000000000000000012iq, you're thick.

[12bn] 06/3/2019 08:12

4.50p offer,the MMs won't leave it that low for long imo.

[thehitman1] 06/3/2019 06:48

Lol, 0.0000012iq is a novice in everything.

[12bm] 06/3/2019 04:35

yes its been one wave of good news after another here, you plonker.

Here's some more good news:


March 6 (Sydney Morning Herald) -- Australia's economy has slumped into a per-capita recession for the first time since 2006, leaving the country relying on population growth to propel its economy and raising questions about the Coalition's economic management months out from the federal election.
The dollar dropped sharply to a two-month low of $0.70 by midday as economists slashed their predictions for official interest rates to reach a record low of 1 per cent by September.
Prime Minister Scott Morrison has repeatedly said economic growth will be weaker under Labor, but the final two results of this term of government show the Coalition will lead Australia back to the polls struggling to lift a slowing economy.
The brakes were slammed on in the second half of the year, with the economy dropping from a 3.8 per cent annualised place to 0.9 per cent after June.
The Morrison government has pledged to reduce the migration rate but figures released on Wednesday show that without migrants fuelling consumption, Australia's economic growth would be going backwards.
The Australian Bureau of Statistics data shows the economy grew by 2.3 per cent over the year and 0.2 per cent in the December quarter - below market expectations and well short of Reserve Bank forecasts of 0.6 per cent.
The budget forecast of 3 per cent growth for 2018-19 and the mid-year economic update's revision to 2.75 per cent will struggle to be met, putting a strain on preparations less than a month out from Treasurer Josh Frydenberg's first budget.
Despite the real GDP slump, nominal growth, the amount of money that is likely to pump into the budget, is up by 5.5 per cent over the year, giving the government scope to hand out tax cuts to strained households.
Economic growth per person fell by 0.1 per cent in September and 0.2 per cent in December, the first time two consecutive quarters, the technical definition of a per capita recession, have recorded negative growth since 2006.
The dissapointing result was buffered by the Bureau's preferred measure of living standards, real net national disposable income per capita, moving along at trend - up by 1.4 per cent over the year.
Mr Frydenberg said the figures showed the "economy is in fundamentally good shape" but the yearly figure "did represent some moderation on the back of strong results."
"The unemployment rate has fallen to 5 per cent, the lowest level in seven years and to a remarkable 3.9 per cent in our largest state, NSW, a level that hasn't been seen since the 1970s," he said.
"The fact that we are growing at a faster rate than any other G7 economy apart from the US is testament to that."
Mr Frydenberg said the drought, lower mining investment and a decline in residential construction activity were to blame for the lower than expected result.
Shadow treasurer Chris Bowen said the government "has lost the moral authority tocampaign and talk about the economy".
"Per head of population, the Australian economy has gone backwards. This is the first time this has happened since 2006. It's the only the third time it has happened since 1991," he said.
ABS chief economist Bruce Hockman said growth in the economy was subdued, reflecting soft household spending and a decline in housing investment.
Government spending was the economy's major driver, with public investment remaining at high levels particularly through large infrastructure projects funded by the NSW and Victorian governments, along with federal spending on aged care and the National Disability Insurance Scheme.
But households remain reluctant to spend as falling house prices affecting the amount consumers are willing to part with.
Most of the spending that did occur was driven by rises in health, up 1.9 per cent, and clothing and footwear, up 2.2 per cent.
National Australia Bank economist Kaixin Owyong said the data makes the Reserve's forecast of 3 per cent growth over 2019 look increasingly unlikely, as growth would need to accelerate markedly.
"We believe the Bank will be increasingly uncomfortable with the 'growing tension between strong labour market data and softer GDP data'," he said.
He said should employment progress falter over the next few months, the Reserve will be forced to cut rates.
JP Morgan and Nomura now expect the RBA to cut rates by 25 basis points in July, followed by a further easing in August.

[depjoe] 05/3/2019 17:43

another failed pump and dump

[12bn] 05/3/2019 14:59

Half Year Financial Highlights*

-- Trading performance in line with expectations
-- Revenue up 3.6% to $34.8m (1H18: $33.6m)
-- Profit before Tax up 39.0% to $3.51m (1H18: $2.52m)
-- Basic EPS of 1.35c (1H18: 1.43c)
-- Debt restructuring progressing well with further announcement expected by the end of March 2019/////// So good news on debt restructuring due in the next few weeks.

[12bm] 05/3/2019 11:56

you mean bought into the top?

he does that a lot.

[apfindley] 05/3/2019 11:28

English is clearly not your first language.Either that, or you could be thick as pig sh1t.

[12bn] 05/3/2019 11:23

Don't buy in then Master RSI,no-one is forcing you to. The share price is where it is due to there being a couple of big sellers,one of whom sold his company for shares here and maybe would have preferred cash. The fundamentals are good here and the p/e is very low and cheaper debt could get sorted out in the next few weeks.

[master rsi] 05/3/2019 10:50

Posters had fallen for the stock and now only can get out at a lost so pump, pump and pump, hopping share will move up, the only thing is happening is a few spikes up but down again.

1 - The most talk about not trusting the directors is one point
2 - Such a huge DEBT is another negative point and has increased from A$17,7M to A$19.9M
3 - It seems EPS forecast will NOT be met on the latest half figures 1.35c less than last year 1.43c converted at 1.80 to £, it gives EPS of 0.75p, and the Update was for full Year of 2.6/3p
4 - If everything goes like now EPS of 1.70p will be hard to reach.

Conclusion
Only a fool can believe what the company say on the updates as time and time again have disappointed on the final figures meaning never met.

[thehitman1] 05/3/2019 09:14

Its official, 0.00000012iq has bought into toople.

[12bn] 05/3/2019 08:46

12bm5 Mar '19 - 08:11 - 559 of 560 (Filtered)

0 1 0
bazildonbond5 Mar '19 - 08:19 - 560 of 560
0 0 0
He he!////// Any more ramps Basil? 'He he',you sound like a demented school child. :)

[12bm] 05/3/2019 08:11

You can just smell the desperation.

[12bn] 05/3/2019 07:35

Management Res Trades

Follow MRS Find Your Broker
Num. Price Size Type C T Bid Offer Time Buy Sell ? Buy % Buy Vol. Sell Vol. ? Vol.
11 4.69 10000 O


4.3
4.7
16:28:23 10,000

110,000 316,923
10 4.52 60000 O


4.3
4.7
16:23:15 60,000

100,000 316,923
9 4.388 19554 O


4.3
4.7
15:23:59 19,554

40,000 316,923
8 4.535 40000 O


4.2
4.7
14:58:52 40,000

40,000 297,369
7 4.37///////// Notice that the last price paid was 4.69p,it looks to me like the MMs will raise the offer quickly today if they are faced with much buying,we could be seeing the last of the mega cheap shares being hoovered up today.

[12bn] 04/3/2019 13:44

"The second half has started well and I look forward to updating shareholders on further progress later in the financial year. The outlook for the Group remains strong and the Board looks to the future with confidence."

Management will host a presentation for retail investors in London at the end of March/early April, details of which will be released via RNS once finalised.////// Plenty of news to come here,a p/e of under 2 is silly.