Management Resource Solu... Share Discussion Threads

[danny baker] 28/3/2019 16:57

Irrespective of the merits, if any, of this deal, the holders who blocked the disapplication of pre-emption rights resolution at the AGM will be furious with this transaction. Their best efforts to stop dilution of their shareholdings have just been blown apart by MRS issuing shares and getting very little in the way of tangible assets in return. Not good news for shareholders ahead of the long awaited debt restructuring.

[12bn] 28/3/2019 16:53

Management Res (MRS)

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Name Symbol Market Type ISIN Description
Management Res LSE:MRS London Stock Exchange Ordinary Share GB00B8BL4R23 ORD EUR0.01
Change % Chg Cur Bid Offer High Low Open Volume Chg Time RN NRN
-1.15 -24.5% 3.55 3.50 3.60 4.75 3.55 4.70 6,583,034 16:24:58 1 4

Sector Turnover (m) Profit (m) EPS - Basic PE ratio Mkt Cap (m)
SUPPORT SERVICES 52.3 4.1 2.286 1.546 7.0

Type Size Price Time Units
O 208,168 GBX 3.6 Closed GBX////// P/e of 1.54,very low.

[apfindley] 28/3/2019 16:52

Cool. Does it also do the same as the drones in Prometheus.?

[12bn] 28/3/2019 16:50

MRS wants to grow fast and doesn't care about short term price fluctuations of its sp,I just hope that someone comes in and makes a 10p a share bid for the whole company.

[12bn] 28/3/2019 16:47

It is also an exercise in increasing income. MRS management want to grow the company fast imo and they don't care about a bit of dilution.///////In addition to the surveying services offered, the Aerial Cinematics intellectual property will allow MRS to add blast mining mapping, planning and site safety to its services using a combination of UAV and a propriety payload including precision ground marking, LiDAR mapping and thermography sensors. The directors consider that the availability of this facility will considerably enhance the efficiency and growth potential of MRS's services. Several other new revenue streams will also be opened up as a result of the UAV's modular payload system including forestry, waterway, rail, highway, land clearance mapping, and power line development and maintenance.

[master rsi] 28/3/2019 16:42

“Fraud Alert - Crooks work here”

"All a bunch of crooks"

"Too Many Crooks Spoil the Broth"

"Crooks Use New shares to buy rubbish company"

[12bn] 28/3/2019 16:42

It's a cost saving acquisition.///////In a single 90 minute flight, the Aerial Cinematics UAS is able to survey an area that would normally take a full team of ground-based surveyors approximately four days to complete, returning data either as a live feed or fully processed the next day. In addition to these new potential revenue streams, Aerial Cinematics will also save MRS and its Bachmann subsidiary approximately $240,000 AUD in current third party fees and deliver same day information on demand, as opposed to the 30 day lead time provided by the once a month external vendor it currently contracts.

[tinker10] 28/3/2019 16:40

The new shares will increase the total in issue by 13.4%. If the deal is worth 0 then you'd expect the share price to fall by 13.4%, which makes a 24.5% fall overdone

The fall is in reaction to the nature of the deal, rather than the deal itself. Fortunately, over reactions create trading opportunities.

[apfindley] 28/3/2019 16:26

Ridiculous reaction to that news.

[bozzy_s] 28/3/2019 16:24

Jeez, is there a 'real' thread for MRS? Just a keyboard warrior on here, and two on the other one!

I looked in because of the results and the ridiculous low P/E. Two reasons for that possibly - net current liabilities, and profit not being turned into cash.

Hoped there might be a sensible discussion somewhere which might explain where the current borrowings are from - ok if it's support from the board / related party, not so good if it's bank debt that might be called in.

[thehitman1] 28/3/2019 16:22

I don't see many buys!!!.12bn, here is your chance to top up cheap.Dodgy deal!!!!, Zorbas is a crook.

[tinker10] 28/3/2019 16:19

Doesn't change the investment case for me though. You either believe they will sort their debt out and continue being profitable, in which case with a p/e of less than 2, this is a screaming buy. Or you don't.

[depjoe] 28/3/2019 16:18

how much lower dave

[depjoe] 28/3/2019 16:18

bad news coming tomorrow dave
reminds me of when your were PUMPING it as 21trader

[master rsi] 28/3/2019 16:18

Here we come with AUSSIES deals today

Pays £1.3M for a company making losses of £88K in 7 1/2 month and assets of £47K and never traded.

If one wants to have this share then they need their head to be examen, because on those cases Cr00ks do it Aussies way..........


28 March 2019 - Management Resource Solutions PLC
Acquisition of Alerion Consulting Ltd

for a consideration of GBP1,320,000 to be satisfied by the issue of 26.4 million ordinary shares of MRS at an agreed price of 5p per share.

Alerion made a loss before tax of GBP88,800 during the period from 3 August 2018 to 12 March 2019 and had tangible assets of GBP47,650, according to unaudited management information.

[depjoe] 28/3/2019 16:17

oh dear down it goes
now dave doesn't want me to read his tweets again
LOL


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[depjoe] 28/3/2019 16:15

oh dear down again
oh dear dave this is one hell of PUMP and DUMP FAIL
oh dear dave


value trader/investor
‏ @detector_trader
46m46 minutes ago

So the mm's in #mrs take sell after sell after sell but offer nothing. No wonder I'm sick of this game now. The mm's are not even playing a fraction fair in this market

[tinker10] 28/3/2019 16:15

I work in technology and it's not uncommon for companies to be bought up before they start selling anything. It's impossible to say what the value of this technology is or whether this is a good deal because it is unknown (and possibly untested).

Having said that, on the face of it this deal looks dodgy at best.

[apfindley] 28/3/2019 16:11

Great news.A company that hadn't yet gone to market, and only running for a few months so far.Not sure what the potential is yet, but could be multiples of the current mrs market cap.A nice way for the previous owner to cash in, still have a job , and get his tech to advance while avoiding having to visit the bank manager to ask for money to get it moving.All in, it sounds as good to me, a lot of scope to expand in many areas as detailed in the rns.Makes pleasant and detailed reading, let's hope a worthwhile move, and can be rented or contracted out to do other peoples surveying, and have a busy order book.

[depjoe] 28/3/2019 15:53

wipe out dave ?

[tomboyb] 28/3/2019 15:52

end of tax year selling across board -

No one immune -