Manroy Share Discussion Threads

[bookbroker] 22/1/2013 21:43

Time to load up then!

[battlebus2] 22/1/2013 21:39

That is very good news GHF. Maybe the announcement of a contract would help those presentations along.

[glasshalfull] 22/1/2013 21:18

Interesting to note that the management team are delivering 3 presentations at the end of Jan & one mid Feb.

The fact that they're out, "doing the rounds" suggests to me they've a compelling story to tell...

Regards,
GHF

@glasshalfull1 on Twitter

[battlebus2] 22/1/2013 16:57

Another blue day so bring on the contracts to keep this going :))

[puku] 22/1/2013 13:15

battlebus - topped up LBB a couple of weeks ago but still heavy loss. But strong management, all these deals with QVC and now tesco. Business Manager from BBC was scooting around the Toy Show this morning - wonder if it was a Scootrix ! Intend to top up LLB again but share price needs to settle down.

[cheshire man] 22/1/2013 08:18

Another move up this morning I see :-)certainly more interest now IMO

[jimmy12345] 22/1/2013 01:02

i cant believe it, we went blue today :)

[battlebus2] 21/1/2013 15:24

Yes great timing on your top up Puku, did you do the same with LBB?

[puku] 21/1/2013 15:15

Battlebus - glad I bought in (see post 110) when I did - suddenly a surge in interest, topped up this morning.

[glasshalfull] 21/1/2013 14:37

I see Allenby coverage now noted above.
Good to see that a number of respected posters have arrived.

Regards
GHF

[cheshire man] 21/1/2013 14:25

temelco,,,,,,,,thanks for posting that :-)

[allstar_07] 21/1/2013 14:19

Bought in last friday so the large spread has been recovered. Good to see you here ghf.

[temelco] 21/1/2013 14:09

From Allenby
We initiate coverage of Manroy with a Buy recommendation and fair value of 60p offering 46% upside to the current share price of 41p. This recommendation is based on the recovery in profits expected in the current year to 30 September 2013 and a share price which is reflecting the historic issues that adversely impacted the FY 2011/12 outcome and nothing for the much improved performance that we anticipate being delivered against the group's record order book. Manroy recently announced losses for the year to 30 September 2012, primarily as a result of delays in the novation of US contracts by the Department of Defense (DoD), a delay in the receipt of First Article Acceptance (FAA) from the DoD and a delay in the confirmation of a particular export order for Heavy Machine Guns from a major customer. In addition, the relocation of Manroy USA (MUSA) from two existing facilities into new premises in North Carolina also negatively affected results from this 49% owned associate. These delays and one-off costs will serve to enhance prospects for the current year as the group expects the export order referred to above, and others, to be confirmed. Novation was received in April 2012 and the FAA process is progressing well, albeit having taken much longer than expected. Meanwhile, a record order book of £9m in the UK and $13.2m (£8m) from MUSA, together with a very encouraging pipeline of contact opportunities augurs well for further revenue generation. Concerted efforts by management to increase export business and widen the group's product base have met with success and now places the group in arguably its best position since float to deliver improved returns this year. Our forecasts for FY 2012/13 call for a near doubling of revenue to £14m, an adjusted PBT of £1.86m and EPS of 7.7p, rising to £17m, £3.18m and 13.6p respectively for FY 2013/14. The resulting PER of 5.3x falling to 3.0x compares to a sector average of 10.9x and 11.0x respectively and illustrates the significant discount that Manroy trades on against the sector average. Assuming our forecasts are met we anticipate the group returning to the dividend list and prudently look for a dividend of 1p, rising to 2p next year. We consider the current depressed share price as offering an attractive entry point for investors and reaffirm our Buy recommendation. (IJ)

[cheshire man] 21/1/2013 13:43

Nice move up :-)

[battlebus2] 21/1/2013 13:31

No worries Gleach23 hope it proves successful :))

[gleach23] 21/1/2013 13:23

thanks for the heads up here battlebus - dipped my toe in this am

[speedsgh] 21/1/2013 13:19

Is anyone able to provide a link to/copy of the recent Allenby Capital note? Happy to post up email address temporarily if required. TIA

[battlebus2] 21/1/2013 12:51

Cazenove Capital Management Ltd.
as of 31 Dec 2012
1.87m 9.83%

[davidosh] 21/1/2013 12:00

One of my neighbours runs the Cazenove small cap fund. I picked mine up at 40p. Any idea at what price they picked that stake up?

[battlebus2] 21/1/2013 11:52

Cazenove Capital Management Ltd 1,619,474 8.50 Before placing.

[temelco] 21/1/2013 11:36

Cazenovehave bought in? 9.6%? according to post above. That has to be a plus plus point....

[battlebus2] 21/1/2013 09:59

Another tick up :))

[battlebus2] 21/1/2013 09:44

Seems to have done the trick for now but if any decent contract news is released 44p is long gone imv and your playing catch up time then.

[battlebus2] 21/1/2013 09:16

Yep ,trying to put buyers off imv.