Management Resource Solu... Share Discussion Threads

[lanarkian] 03/4/2019 09:39

I see that 12bn has left the children's playground and is now trying to infect the grown-up's site with his incessant ramping. I wonder if he should start a newsletter so that we can short his buying tips.

[apfindley] 03/4/2019 08:54

Newtothisgame Stop spamming multithread with those articles, or people might start to think your username is owned by whinnyfroth.

[12bm] 03/4/2019 08:52

12bn


I dont think anyone cares about your opinion here, having been spectacularly wrong since you started haunting this share.

[apfindley] 03/4/2019 08:51

So.I think I'll setup a fake company and buy it for millions of shares.Then sell those shares and use the cash to buy some shares in my own name. Hmm

[andy pipkin] 03/4/2019 08:48

Kerching.

Thanks 0.00000000000000000000000000000000000000000000000012iq.

[12bn] 03/4/2019 08:16

tom don't forget there is a massive overhang of shares here now,26.4m,from a recent RNS///////Management Resource Solutions Plc ("MRS"), a leading Maintenance, Fabrication, Civil and Earthworks company, is pleased to announce the acquisition of Alerion Consulting Ltd ("Alerion") from its founder Elliott Talbott and others 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, credited as fully paid (the "Consideration Shares").

[tomboyb] 03/4/2019 08:14

Not a small amount of shares bought -

up 20% -

question is, is there confidence to buy higher up? -

[thehitman1] 03/4/2019 08:09

Zorba is a crook!!.

[newtothisgame3] 03/4/2019 07:47

Do not be encouraged to buy #MRS stock post Zorbas stock purchase this morn. Still a complete barge pole situation & any strength should be sold into.

[newtothisgame3] 03/4/2019 07:46

Do not be encouraged to buy #MRS stock post Zorbas stock purchase this morn. Still a complete barge pole situation & any strength should be sold into.

[newtothisgame3] 03/4/2019 07:46

Do not be encouraged to buy #MRS stock post Zorbas stock purchase this morn. Still a complete barge pole situation & any strength should be sold into.

[newtothisgame3] 03/4/2019 07:46

Do not be encouraged to buy #MRS stock post Zorbas stock purchase this morn. Still a complete barge pole situation & any strength should be sold into.

[newtothisgame3] 03/4/2019 07:46

Do not be encouraged to buy #MRS stock post Zorbas stock purchase this morn. Still a complete barge pole situation & any strength should be sold into.

[bazildonbond] 03/4/2019 07:35

I imagine it would have been very easy to purchase any amount of shares during the big sell-off and there were a few big (numbers not financial) purchases during that time, a mil shares at just over 2p isn't much tbh!

[yasx] 02/4/2019 23:59

I do hope readers embraced my view - it was all fairly obvious at the time...

yasX 18 Jul '18 - 01:28 - 1320 of 2585 Edit

TBF,

A bit more to it than that.

It did appear to me a very good recovery story some months ago, worth perhaps multiples of the current price - but, I bailed at prices higher than where we currently.

A few issues, though there are many more:

1: The Co has a patchy history (I am being overly generous) - this may not seem particularly relevant, indeed it is characteristically noted in many recovery plays. But, what is significant is that when the previous Board were essentially booted out, at or around that time there was a concerted effort led by two former non execs (being N Burton and T Brown) and supported by a enthusiastic base of retail holders to oust them. It proved to be a strenuous affair, but, by dint of their strenuous exertions and an emergency recapitalisation restoration of the shares to trading was enabled, with Zorbas appointed the current Chairman. Both the Non Exec's ploughed in heavily committing their own funds and buying shares and in the process declaring notifiable holdings.

2: Now, here is what you might wish to think about. I have no firm idea as to the cause of the same, but, I will in a moment speculate freely. Several months ago Mr Brown departed and immediately sold all his shares. Even more recently, Mr Burton tendered his resignation. He has not yet sold down but it is my expectation that he too will sell into any bonce that possibly might be induced by, say, alternative refinancing facilities if that were to happen as is hoped for - time will tell if he does. Then around the same time Bachmann starts offloading.

3: Now, of course, each might have good reason for moving on to pastures new. But, TB and NB put in not inconsiderable effort into trying to turn this around. I doubt they did this with a view to moving on a few months later and in the case of TB selling out entirely. Bachmann has been at the core of one of the two core businesses, and his selling also does not inspire confidence. We have also noted a bit a of selling recently by the former CEO although i think he needs the money for ongoing expenditure so that is not as material to affairs in my view.

4: I speculate (nothing more) that perhaps there has been a lack of harmony and consensus in terms of strategic direction between those that have departed and the current Chairman. This has been a rumour that has done the rounds although I have no evidence. But, I would not dismiss the thesis. As far as I am concerned, I would much rather have seen the back of Zorbas and retained the others. For me, Zorbas has not the faintest inkling about how to steer this efficaciously going forward, though of course that is merely my opinion.

5: As for the metrics, indeed given the projected EPS it might appear cheap - but, you need to consider that there is the debt burden and this is a very cash intensive business with little scope to increase margins since the mining majors are tough negotiators. The Co is running at full tilt and expanding services is difficult unless the Co has access to additional cash resources, which is a difficult bind. There is negligible institutional support, and we have Bachmann offloading and my expectation that Mr Burton will probably look to do the same (I might be wrong, but, we will see).

In the right hands, and if the wider markets hold up (I reckon they will have a tough time doing so in the months ahead), this could well have proven a very good play. But, I do not consider Zorbas the appropriate charge to lead this outfit. However, I do not rule out trading the gyrations if that opportunity presents itself.

Caveat Emptor - as is always the case.

My views only.

[tomboyb] 02/4/2019 16:16

1mill buy -

Timed at 16:14

[tomboyb] 02/4/2019 15:31

sh*t!

2.1p on ask -

[biggest bill] 02/4/2019 15:28

I'm sorry for hammering the share price today but I just wanted out.

[rmart] 02/4/2019 15:25

wow, when you try and con your shareholders this is what happens.

He wont be getting £1m for his silly drone now will he ! lol...

[biggest bill] 02/4/2019 15:21

I've now sold all of my shares at a huge loss. The acquisition involves such blatant crookery that I think their new nomad might walk away. In that case, I don't want to be left holding unsaleable shares.