Manroy Share Discussion Threads

[davidosh] 05/9/2013 13:13

This was the good bit of news....

Glyn Bottomley, Manroy's Chief Executive, said "This is a fantastic win with a European Government customer against strong competition. This contract also includes a 7 year exclusive framework agreement for further orders."

[lanzarote666] 05/9/2013 13:08

On top of an existing £14.7m order book - this could be interesting.

Let the battle commence!

[jimmy12345] 05/9/2013 13:08

Finally some good news and share price lift :)

[temelco] 05/9/2013 12:59

Now that's a really nice piece of business which is just the tip of the iceberg imo

[battlebus2] 05/9/2013 12:58

MAN this looks good..


Manroy PLC Contract win
Print
Alert
TIDMMAN

RNS Number : 3292N

Manroy PLC

05 September 2013

5 September 2013

MANROY PLC ("MANROY" OR "THE GROUP")

NEW EURPOEAN GOVERNMENT CUSTOMER CONTRACT AWARD

Manroy, the AIM quoted UK Defence Contractor, is pleased to announce that it has been awarded a EUR1.7m (GBP1.4m) contract from a new European Government customer.

It is expected that the contract, for Heavy Machine Gun spares, will be delivered before 31 December 2013, with deliveries commencing in September 2013, subject to standard license approval processes.

Glyn Bottomley, Manroy's Chief Executive, said "This is a fantastic win with a European Government customer against strong competition. This contract also includes a 7 year exclusive framework agreement for further orders."

ENDS

[temelco] 03/9/2013 10:52

You would think business would be booming here what with all the unrest in the world.....

[temelco] 16/8/2013 18:14

I'd be willing to bet they get taken private or taken over. As the jam is tomorrow, I'm quite sure the big holders will want as much of it as they can get

[glasshalfull] 07/8/2013 23:30

Good to see some positive news today for holders.

Here's Allenby's update following the t/s

Implementation delays to impact 2013 revenues

Manroy issued a profit warning on 1 August 2013 that due to production delays, the later than anticipate finalising of terms and conditions with a new customer and a change in the status of an approved export license, revenues would be around £3m (25%) lower than market expectations for the year to September 2013. As a consequence profitability for the year will be significantly reduced from our previous forecast of £1.55m to an adjusted break-even position, resulting in an expected EPS of 0.8p rather than the 7.1p that we were previously anticipating. Two thirds of the revenue reduction has been impacted by issues outside of the group's control and unfortunately typify the sometimes uncertain dynamics of export-led defence business. We anticipate that the group will not experience any further delays to order implementations and deliveries and that the deferred revenues can be fully delivered in the year to September 2014.

---

Good luck all.

Regards,
GHF

[battlebus2] 07/8/2013 16:39

Another contract award today for 2014 maybe :))

[battlebus2] 01/8/2013 18:07

I was waiting for your post GHF :)), everything you said was correct and your selling looks smart now but as you know i'm a three to five years kind a guy so not rushing to sell and may even top up if we hit new lows eventually these problems will get the attention needed.

[glasshalfull] 01/8/2013 17:59

Appears so simon & unfortunately posts 459 & 467 proved correct.

No mention of impact on profitability to this years results and primarily a timing issue with £3m miss on turnover, but £2.4m expected to be executed in the next financial year. So clearly there is a need to manage expectations more prudently as they are building something of a reputation for disappointment.

Clearly this will place the shareprice under pressure in the short term, especially as the "benefit of the doubt" premium has now been removed. Longer term this still looks a decent risk/reward play but one to revisit once they've a stable set of results behind them...and built back up trust.

Good luck holders.

Regards,
GHF

[simon gordon] 01/8/2013 12:43

Lack of control on the order book has bitten them on the backside once again.

[battlebus2] 28/7/2013 12:18

I feel we are due a new contract notice, it's been a while.

[eburne1960] 09/7/2013 15:00

Actually, the RNS is saying that Schroders now hold this stake as a result of taking over Cazenove Capital who previously held it. So nothing to get excited about.

[temelco] 09/7/2013 14:18

Clearly why the mms been keeping price down.....

[jimmy12345] 09/7/2013 14:16

Rns. Institutional investor got over 5% now

[temelco] 10/6/2013 17:00

On a sell of 37.....

[battlebus2] 10/6/2013 16:35

Back to 60p to buy again.

[thorne3] 07/6/2013 13:00

Charo I hear what you say but Gyllenhammer has actually bought into the existing recovery/takeout story.He was fortunate to have enough cash around at short notice to take out an insolvent Vincent T.Clearly he would be in a strong position to shake things up in a couple of years time along with two or three of us should the announced plan not materialise which on the basis of the news to date is highly unlikely.Mr G. has not sought or been granted a seat on the Board.

[charo] 07/6/2013 12:46

Etq will be decided by gyllenhammer.

[thorne3] 06/6/2013 14:43

Predicting defence related orders is a very fickle business and I too felt that the interim statement was cautious.However I do feel that this company will pull through and that we will all be amply rewarded in the end.This is likely to come in the form of a takeover sometime in the next two years when a degree of critical mass has been achieved.A similar situation which is now coming right and which medium term investors might take a look at is Energy Technique(etq)The Board's recent pronouncements and decisions make for.. very interesting reading.I'm not a ramper so I'll say no more.

[thorne3] 06/6/2013 14:43

Predicting defence related orders is a very fickle business and I too felt that the interim statement was cautious.However I do feel that this company will pull through and that we will all be amply rewarded in the end.This is likely to come in the form of a takeover sometime in the next two years when a degree of critical mass has been achieved.A similar situation which is now coming right and which medium term investors might take a look at is Energy Technique(etq)The Board's recent pronouncements and decisions make for.. very interesting reading.I'm not a ramper so I'll say no more.

[woodcutter] 02/6/2013 09:17

In a rush this morning but wanted to pass my best wishes to b2. Not a MAN holder but picked up on the CR thread from GHF regarding your illness b2. Sorry to hear your news hope you get well soon.

I've been through a similar event earlier in the year (pulminary embolism) so you have my best wishes for recovery.

look after yourself

Woody

[interceptor2] 01/6/2013 20:32

Hi Battlebus, Sorry to hear you have been unwell, I have been spending today with my family, where both my Mum and my Auntie have suffered strokes and have since recovered. So your post is a good wake up call that I will heed to lead as healthy a life style as possible.

Very good post from GHF, always good to hear how other investors operate, and very interesting to read the path they have followed to become a successful investor.

Every time I make an investment in a company, I view my investment as a long term investment of between 1 and 3 years. But this very rarely tends to be the case, apart from in a few cases. DRV is my longest held stock at 16 months, yet I currently hold stocks that I have held before. I guess that because I keep records of stocks after I sell them, then I know the company well and have more confidence to buy in again, when the time is right.

I remember reading in the Zulu Principle, Jim Slater saying that he is a nervous holder of stocks, and will sell a holding on any negatives or even very slight ones. I have always remembered this remark, and it seems to have worked well so far. Because for example with MAN, I have only sold because I am unsure if they can make full year estimates, and while I wait on the sidelines for a trading update before the full year, I can hopefully use the money elsewhere to increase my pot.

But I understand that LTBH can be a successful way to invest and on many occasions I would have been better off holding rather then selling and buying back later. But everyone has to decide on a strategy that suits their personality, and one they feel comfortable with imo.

Regards ic2...

[cfro] 01/6/2013 14:06

Battlebus, Im so very sorry to hear you suffered from a stroke. I did wonder where you were as a matter of fact as i thoroughly enjoy reading your posts. I do hear that there is much more doctors can do for stroke patients today, so do wish you the speediest of recoveries and sincerely hope you carry on posting on advfn.

GHF, very good post again. Quite simply put, i have a very strict set of trading rules and discipline i adhere to, that has been honed over many years. Although there was no way that the results was a profit warning of any kind, i thought that like you, ic2 and a few others, that management had disappointed somewhat and the results were not what i was previously expecting.

My trading style is not one of LTBH but neither am i a day trader. But saying that i would (and do) hold shares for much longer periods of time if i feel that that is what is needed. The trick is knowing what should be sold as a trade, and what shouldnt!