Manroy Share Discussion Threads

[jimmy12345] 26/11/2013 09:05

Yes deanowls its because i sold out last week after holding for 2 years. Did the same at REM. Just folow my sells and buy in:)

[deanowls] 26/11/2013 09:03

Any reason for the rise?

[temelco] 25/11/2013 21:47

200 MA heading gently up. At a guess the 50 day should cross in an upward direction. I still say they will get taken out though. IMHO of course

[gleach23] 25/11/2013 20:13

nice late trade of 20k @ 58.5 :)

chart has a poised look about it too...

[temelco] 18/11/2013 09:31

I like this way of working...

[temelco] 14/11/2013 09:39

That's looking a bit more solid

[jimmy12345] 06/11/2013 16:05

Onwards we go, another new contract from a new customer that liked what we first sent them, this repeat buisness is just what we need here.

[battlebus2] 06/11/2013 15:30

Welcome onboard nurdin, very cheap looking at next years projections and hopefully we have priced in the shortfall for this year end. Long term the future looks very good imv.

[temelco] 06/11/2013 15:24

Ridiculously so, IMHO

[nurdin] 06/11/2013 15:07

Made a small purchase...pe of 3.5 for the current financial year looks too low

[temelco] 06/11/2013 10:58

What I find quite interesting is the PE. For example Bae has a PE of about 10, which would put this share at £1.50 or so.I know we are almost a one trick pony, and very small, but it does seem to me we more than hold our own in our chosen niche. I'd have thought the connection with the MOD, the DOD and this European lot are extremely - I repeat extremely - valuable, and not something a market entrant could replicate with any ease or even at all.The market is ascribing no value to these connections at all ( and indeed hardly any value to the potential earnings next year.) IMHO I'd have thought a fair market value was at least 75-100% higher than where we are. The other thing that's interesting is how relatively easily the sells were absorbed by the MMs over the last couple of weeks. Yes they marked the price down ( it's how they make money after all)but either they were short and bought in to cover or had decided to go long. If it's the latter, that decision has paid off in spades already

[temelco] 06/11/2013 09:55

Allenby
MANROY (MAN, 48.5p, £9.2m) NEW CONTRACT



New contract wins helps support 2013/14 earnings forecasts

Manroy has announced a follow-on order from a European Government worth €2.1m (£1.8m) for Heavy Machine Gun spares. In September the customer placed its initial order valued at €1.7m (£1.4m) bringing the total order value from this customer to €3.8m (£3.2m), all to be delivered in the current financial year ending 30 September 2014. In August, Manroy warned that due to production delays, a later than anticipated finalising of terms and conditions with a new customer and a change in the status of an approved export license, revenues for the year to September 2013 would be around 25% below market expectations (i.e. £9m against an original expectation of £12m). Two thirds of the revenue shortfall was due to issues outside of the group's control and typify the sometimes uncertain dynamics of export-led defence business. As a consequence, we reduced our expectations from an adjusted profit of £1.5m to just breakeven. However, a significant element of the revenue shortfall is expected to be delivered in the current financial year and the addition of these latest orders, just two months into Manroy's new year, helps support our confidence of the group's ability to deliver our earnings forecast of 14.1p which puts the stock on a very undemanding multiple of 3.4x. (IJ)

[temelco] 06/11/2013 09:24

Makes them even more attractive to a UK/Euro purchaser......

[bookbroker] 06/11/2013 08:59

Good to see it is a Euro co., and not one from Africa, they seem to run in to probs. with export licences there, potentially the Euro area a bigger market despite the peaceful nature of the place these days.

[battlebus2] 06/11/2013 07:16

Another great contract and repeat business too...FOLLOW ON ORDER FROM NEW EUROPEAN GOVERNMENT CUSTOMER

Manroy, the AIM quoted UK Defence Contractor, is pleased to announce that it has been awarded a further EUR2.1m (GBP1.8m) contract from its new European Government customer, in addition to the EUR1.7m (GBP1.4m) contract from the same customer which was announced on 5 September 2013.

It is expected that this further contract, which is for Heavy Machine Gun spares, will be delivered within the first half of the current financial year, subject to standard license approval processes. The deliveries for the original contract announced on 5 September 2013 are expected to be completed by the end of December 2013.

Glyn Bottomley, Manroy's Chief Executive, said "This order is the result of Manroy providing an excellent service to our new customer and we expect to build on this relationship in the future."

ENDS

[temelco] 23/10/2013 18:21

I think its worth mentioning that the "sales" of 11,000 odd today are actually buys...

[battlebus2] 23/10/2013 16:06

Totally agree thorne3 , give these a couple of years and double your money plus some.

[thorne3] 23/10/2013 16:04

As we all know the profits for the year to 30 9 13 just ended will not be very exciting for the reasons recently announced by the company.We are now also in the close period and newsflow is limited.All this has meant that certain shareholders have become bored and have voted with their feet The bottom line however is that the 12 months to 30 9 14 should be very good leaving the company on a market capitalisation of less than £10m looking undervalued to say the least.A little more patience is required.

[temelco] 22/10/2013 17:54

bb was that your 46,783 going? Interesting that a big lump like this ( in relative terms) gets traded quite easily at a marginally discounted rate...

[bookbroker] 18/10/2013 18:59

Share price speaks volumes from my last comment, beginning to believe that this co will struggle to make it on its own, one more week and I think I will be out.

[jimmy12345] 26/9/2013 12:19

Bookmaker keep the faith. We will make a good profit on next interms. You should give it till then.

[bookbroker] 26/9/2013 09:33

Rapidly losing the will to hold on these, disappointment after disappointment, I get the feeling that this co. not suited to being a quoted organisation, better off in private hands, the regulatory system in weapons manufacturing is simply too slow and not compatible with being a plc, certainly for small organisations such as Manroy, difficult to see where the co. will ever regain the ground already lost, a spam tomorrow stock I fear!

[temelco] 06/9/2013 13:19

The Times online today has: "The CIA is supervising fresh weapons consignments from Saudi Arabia and other Arab states to Syria's rebels to help them to capitalise on a US bombing offensive that could start next week."
How about that £8m order that never materialised? Might this give it a push?

[jimmy12345] 05/9/2013 12:34

Long term contracts is what we need here. Very good news about a continious deal.

[battlebus2] 05/9/2013 12:25

Yes davidosh while a 1.4 million contract is good news the EXCLUSIVE framework is what's lifting the shares. The fact it's a European buyer should also help us get through the regulatory hoops a lot quicker too.