Manganese Bronze Share Discussion Threads

[james8] 18/8/2006 09:52

I haven't seen a price mentioned

[4mc] 18/8/2006 09:21

Over £3, is that right?

[james8] 18/8/2006 08:42

Rumour of a take-over

[4mc] 18/8/2006 08:36

Anyone know why the rise over last couple of days? Something must be happening.

Jump on board for a great ride.

[amedin] 02/8/2006 08:51

yes, that does explain a lot!

Quite credible too - even from public documents there appears to be a lot of latent value in this business. Management are obviously in a much better position to assess this.

[kdwilson] 02/8/2006 07:49

3) Management bid - see back page of FT...would explain a lot...but they better offer over 300p a share to get my lot!

[amedin] 28/7/2006 09:21

I'm here

Was thinking the same thing!

2 possible reasons I came up with:

1) taxi sales are good and those in the know are piling in. The company has a July year-end
2) an annoucement about the dividend policy as flagged at the interims. A special divi is possible as they've got plenty of cash.

[kdwilson] 28/7/2006 09:02

anyone out there? this looks like it could break out!!

[amedin] 02/5/2006 16:44

They generate cash from selling taxis!

[toffeeman] 28/4/2006 15:54

The business generates most of its cash through leasing

[amedin] 28/4/2006 14:24

There is about £5m of leasehold property, of which £4.8m is on a long lease. Long leases have a market value - people do buy and sell them, so I think it's legitimate to treat them as an asset.

You're right, the plant and equipment probably is only of use in making taxis. However, as long as it is profitable to do so, the plant and equipment has a value.

As I mentioned earlier, as the business is cash generative, it is worthwhile continuing to produce taxis and hence the plant and equipment should be treated as an asset.

[toffeeman] 28/4/2006 13:46

Property = leaseholds
plant and equipment only of use to make taxis

[amedin] 28/4/2006 10:26

It's sold excess property and still holds cash from the last property sale (£4.2m). They said at the last results that they would examine the dividend policy in the light of this cash inflow - special divi?

Interims showed net assets of c£20.5m (mainly property, plant and equipment but not including cash from above property), which equates to roughly half the market cap.

I think that is decent asset backing, given that the on-going business is cash generative

[toffeeman] 27/4/2006 23:35

What asset backing - it's sold all it's assets

[amedin] 27/4/2006 17:51

answer my own question, seems an outfit called Edison published the other day. 11.2p to July 06, 15.3p to July 07.

Seems to me there is a lot of operational gearing in this. If taxi sales pick up due to the emission standards then the 07 number is very conservative.

In the meantime collect a reasonable divi, while holding a company with good asset backing

[amedin] 05/4/2006 16:35

anyone know if Collins Stewart have changed forecasts following results?

[bigbobjoylove] 04/4/2006 13:43

if it spikes should go north of 225 and breakout,results should be decent.

[kdwilson] 04/4/2006 08:28

here we go...oversold and now starting to find support. results tomorrow could see this spike nicely!

[bigbobjoylove] 06/2/2006 09:13

longed a load this morn.Very cheap given cash on books plus property assets that are going.

[darias] 02/2/2006 09:42

We've got a taxi driver in the club.

He states all taxis have to comply with Conditions of Fitness by July.

Can Manganese produce enough of them?

[abcd1234] 26/1/2006 10:50

perky today
any reason?

t.i.a.

[funkey n] 12/1/2006 07:24

Hi CR
How are you?
Are holding this one
i am thinking to buy this one
which other you holding

[chester] 11/1/2006 11:54

Your not alone CR. I'm a bit late to the party but I got long first thing this morning.

[cockneyrebel] 11/1/2006 11:50

Looks like I am alone - reckon there will be a trading statement coming out imo, the way this is moving - nice breakout.

CR

[cockneyrebel] 10/1/2006 11:08

Great breakout :-)

I'm home alone here am I ? :-)

CR