Management Resource Solu... Share Discussion Threads

[john henry] 14/9/2018 08:37

I think your right Dave, investors are not seeing the fundamentals which are growing by the week, instead seeing the 9p resistance and Buchmann

[smoggyg] 14/9/2018 08:19

1H18, first half expectations of profit after tax and earnings per share exceeding $2.2m and 0.8p respectively, have been exceeded, with 1H18 NPAT $2.5m and EPS of 0.83p, whilst for the full year FY18 earnings per share of not less than 2.0p are in prospect.

Further progress is anticipated in 2018-19 as debt continues to be repaid from the strong operational cash-flows generated by the major changes which are now taking effect.

[smoggyg] 14/9/2018 08:17

Once MRS come in at over 2p a share earnings then 10p,11p,15p will all be history. It looks like Johns 4p a share projected for the future may be spot on.

[dave4545] 14/9/2018 08:12

Does the punter not believe all these deals or do they not want to risk paying close to 9p knowing that is the level it always gets sold off at ?

Anyway looking past that it's great to see the deals keep rolling in, not massive but regular smaller deals are just as good.

[john henry] 14/9/2018 08:09

Thanks SmoggyG hadnt received alert for some reason.

07:52 release.

[hulk2004] 14/9/2018 08:05

Excellent contract win! Going to be a great 2019 for MRs in 2019,sp could be between 30 to 50p by Dec 19!

[parob] 14/9/2018 08:05

Excellent news. Another contract win. Seems this turnaround company is going from strength to strength.

[john henry] 14/9/2018 08:01

4 MMs gone to 8.5p Bid, news on its way.

[smoggyg] 14/9/2018 07:55

TIDMMRS

Management Resource Solutions PLC

14 September 2018

Management Resource Solutions plc

EPIC: MRS

14(th) September 2018

Management Resource Solutions plc

("MRS" or "the Company")

Bachmann Plant Hire secures AUD$2m works for the Australian Federal Government

The Board is pleased to announce that Bachmann Plant Hire (BPH) has secured a AUD$2.0m contract providing civil and earthworks on a Australian Federal Government project in the Northern Territory.

Mobilisation of equipment and personnel to Katherine, Northern Territory, Australia has begun.

This win acknowledges and rewards BPH's strategy of exploring and executing opportunities outside of traditional operating locations. Further, the opportunity to safely execute in Northern Australia, underpins the developing strategic intent of participating in different regions and market segments.

Shaun Fraser (GM Civil & Earthworks) said: "This parcel of work represents an exiciting time and will no doubt open up futher opportunities in the short term. We understand that mobilising equipment and people into remote communities is challenging, and we will closely montior our performance. Yet working on projects of this nature is expected to deliver commercially. We have a great, willing & agile team who continue to be responsive when unique and commercial opportunities present".

For further information:

Management Resource Solutions plc

[parob] 14/9/2018 07:43

Doubt it will happen today but let's see if we can get through 9p next week.

[smoggyg] 13/9/2018 11:54

2p a share earnings RNS hasn't happened yet John but we know it will and probably more. The fact that it is coming gives security to traders to jump in and drive the share price up far. I agree that future earnings are likely to be much more than 2p but that also supports a massively higher share price MRS looks like a recovery share in the very early stages of the recovery.

[john henry] 13/9/2018 11:47

smoggy that is in the past, what about forward earnings of 4p

[jagzoil] 13/9/2018 11:47

Very conservative

[smoggyg] 13/9/2018 11:39

2p a share earnings equates to 20p share price using a p/e of 10,which is conservative.

[smoggyg] 13/9/2018 11:37

This is the key section from the half-yearly report that should propel MRS to 20p imo./////MRS Outlook

The markets which BPH and MRSSG service continue to be the strongest they have been in years. BPH is currently working at full capacity and has a strong pipeline of work to complete. MRSSG is experiencing strong demand, with revenues now averaging close to $4.0m per month.

The Hunter Valley thermal coal price has been strong and stable providing confidence for the coal mines to commit to repairs and maintenance and Yancoal has recently completed the acquisition of the Rio Tinto assets in the Hunter Valley.

Both BPH and MRSSG were run as separate operations with little interaction or utilisation of shared services and group purchasing during the financial years 2015-16 ('FY16') and 2016-17 ('FY17'). During late FY17 and 2017-18 ('FY18') the new board prioritised significant cost cutting and restructuring, and has restructured the senior management, which now includes Group Human Resources, Group Asset Management, Group Procurement and Group Financial Management. Further changes include the recent recruitment of a General Manager - Civil and Earthworks, as part of succession planning at BPH.

The cost cutting, and restructuring continues as well as the drive to grow revenues., The board is committed to focusing on earnings growth and shareholder value for the remainder of FY18 and beyond.

1H18, first half expectations of profit after tax and earnings per share exceeding $2.2m and 0.8p respectively, have been exceeded, with 1H18 NPAT $2.5m and EPS of 0.83p, whilst for the full year FY18 earnings per share of not less than 2.0p are in prospect.

[parob] 13/9/2018 11:28

JH, could you post an updated chart showing the descending channel please?

[parob] 13/9/2018 11:11

Rejected. Had to pay 8.86p.

[parob] 13/9/2018 11:07

Have a kill or fill order in for a few more at 8.7p. Another tick up expected soon.

[john henry] 13/9/2018 10:53

The slight difference between OPTI ( i Hold) and MRS is that mrs is massively undervalued on fundamental earnings.

However OPTI offer massive growth prospects.

[f3rdinand] 13/9/2018 10:51

And it won't be a pump and dump as MRS is backed up with rock-solid fundamentals!

[f3rdinand] 13/9/2018 10:47

Yep exactly the same! I'd expect the break out here to be equally spectacular (100% in a month)!

[parob] 13/9/2018 10:44

F3, as JH mentioned before, very similar chart to OPTI before that broke out. Just need to get through the top of the descending channel at 9p!

[f3rdinand] 13/9/2018 10:37

If we break 9p I think there will be a lot of people piling in...fingers crossed

[smoggyg] 13/9/2018 10:35

Blue! This has a long way to rise before year end,don't sell too quickly,traders will enter the fray here eventually and the share price will rocket.