Manroy Share Discussion Threads

[temelco] 30/4/2011 17:56

I don't think this got posted anywhere; hence my reference to MUSA:


1 April 2011

MANROY PLC

("MANROY" OR THE "COMPANY")

ACQUISITION OF ASSETS, EXTENSION OF OPTION

EXERCISE PERIOD AND TRADING UPDATE

Manroy, the UK's leading machine gun manufacturer, is pleased to announce that it has today acquired the business and assets of AEI Land Systems Limited ("AEI"), a UK based designer and producer of weapon mounting systems. In addition, the exercise period of the option agreement entered into by Manroy on 3 December 2010, as referred to in the Company's admission document of that date, has been extended from 31 March 2011 to 30 June 2011. Since then, the company subject to the option agreement has acquired a further business in the same industry in the United States. A further announcement will be made in due course.

Additionally, the Company today provides an update on trading for the six months ended 31 March 2011, being the first trading period since the Company's shares were admitted to trading on AIM in December 2010 ("Admission").

Acquisition of business and assets of AEI

As referred to in the Company's admission document dated 3 December 2010, the Company envisaged expanding its operations in conjunction with AEI. The Company is pleased to announce that it has acquired the business and assets of AEI for GBP250,000, payable in cash, together with an earn out at the lower of 7 per cent. of AEI related turnover and 50 per cent. of profit after tax generated from the acquired assets of the AEI business. The earn out is only payable for two years from the date of acquisition and will be funded from the profits of the AEI business acquired.

Established in September 2006, AEI designs and produces weapon mounting systems such as turrets, gun mounts and various bespoke protected weapon stations for armoured vehicles. It has designed and supplied equipment under the MoD 'Urgent Operational Requirement' needs for Iraq and Afghanistan and has recently developed new business, in particular in France and Asia.

Manroy and AEI have synergistic product lines, a common customer base, Section 5 approved facilities and established routes to market. Manroy has previously marketed AEI's products and co-operated with it, where appropriate, on a number of invitations to tender where together they have been able to offer a complete solution to a customer's weapon mounting requirements.

Trading update

In the six months ended 31 March 2011, the business continued to perform strongly. The Directors expect the results for the Company as currently constituted for the year ending 30 September 2011 to be in line with market expectations.

In January 2011, Manroy announced a GBP1.3 million contract to provide spare parts to a Middle Eastern government, together with a new three-year technical support contract with the MoD. Since receipt of these orders, the Middle Eastern region has been subject to severe unrest. The Directors believe it important to reiterate that Manroy adheres strictly to UK legislation concerning the sale of armaments and weapons to foreign countries and governments. Additionally, where the Company sells any of its products overseas, such sales are undertaken in strict adherence to UK Government export regulations and approvals and are only undertaken after all appropriate UK Government licences have been granted.

[temelco] 30/4/2011 17:53

Now they just need to get Manroy USA ( MUSA) onboard and that's the tidy up complete

[bookbroker] 21/4/2011 18:08

I took a few more on board today, as I have said before the products they produce are even more important in todays battlefield arena, forget tanks, heavy artillery, these days light armour is the order of the day, fast mobility in the field, in and out, the aircraft have the guidance systems with regard to reducing civilian casualties, this co. has some of the infantrymans weapons of choice, a proven product which should bode well for Manroy.

[eburne1960] 21/4/2011 16:07

Think you woke someone up!!

[bookbroker] 21/4/2011 09:12

Time these moved onwards and upwards a little bit, we've been languishing in part possibly due to more rigorous export controls, and maybe because they are off the radar of many investors, however I assume that the bulk of their work is for the MOD., nonetheless for the less ethically minded investors these should prove a reasonable bet on future growth as they are a niche product provider in a market with very strong barriers to entry, and talking to military personnel the .762 GPMG is a very highly respected product for its durability and reliability, one of the workhorses of the British Military. Would like to see a positive response at the interims in a months time.

[temelco] 23/3/2011 20:00

Yes - things are going well and things are on the move

[thorne3] 18/3/2011 13:25

Did anybody go to the EGM and if so did they learn anything of interest apart from what was announced publicly which seems quite favorable?

[bookbroker] 03/3/2011 11:00

I expect the trouble in Mid-East having big effect, after all these would be potential markets, what's the market going to be like if embargo's are placed, are un-democratic nations suitable candidates to do business with, especially when they feel it necessary to shoot their own population, they are no better than savages a lot of them.

[staddles] 02/3/2011 16:09

Interesting fall since news, is this profit taking or trouble in the Middle East and North Africa?

[temelco] 08/2/2011 21:50

I'll be interested to see what they do about AEI systems.We are apparently world leaders in gun turrets and mounted weapons systems....

[acefromspace] 08/2/2011 16:34

Great day for holders here .. glad I got in when I did. These were on my watch list from 80p but had to make a move in the 90's. Agree with thorne3 the future looks good here and these results should open the eyes of other likely investors to jump on board

[thorne3] 08/2/2011 13:44

On the basis of the recent announcement these shares are looking seriously undervalued.To be able to buy into a defence contractor fully authorised by the MOD and with a market capitalisation of £15m only is a very rare and intriguing opportunity.The news flow over the next 12 months should move the shares to well over £2.Just think of the export potential.

[honiton] 06/2/2011 13:12

i like the ladder on the side of the building....see below: ps its opposite orchidwood mushrooms...

[eburne1960] 05/2/2011 17:24

Monday should be interesting, John Lee has written about MAN in his column in the FT today:


"Finally, I have made a recent modest purchase of Manroy, the Aim-quoted machine gun manu-facturer. What focused me was a Ministry of Defence demonstration of equipment being used by our forces in Afghanistan. Manroy's M2 machine gun was displayed and the officer in charge spoke warmly of the company's service and product quality. Manroy has also recently received MoD orders for weapons systems and spare parts worth £11m over three years.

Although it is only capitalised at £11.5m, Manroy has ambitious plans to develop its product range and penetrate the US market. The recent "placing" was at 75p – I paid just over 80p.

It's early days – but it could turn out to be interesting."

[greek islander] 04/2/2011 10:33

Watchiing brief. My shares club bought in today. Some of the members know the Directors, so got to be a good sign.

[nellie1973] 02/2/2011 13:35

Broker upgrade today

[charo] 07/1/2011 14:55

two nice buys

[charo] 07/1/2011 12:46

majority of trades sales @ 82p mm need to mark down holding price wont work

[gordon brown] 01/1/2011 13:48

With the new brooms in Defence procurement the potential for this new aim listed stock is enormous.

[valhalla3] 30/12/2010 13:45

yes it is eb, he cant help himsen now his unemplyed lol i dont trust him 1 bit tho do u?T=#

[eburne1960] 30/12/2010 13:37

Hope the rise isn't down to Gordon ramping it on the DES board!!

[gordon brown] 30/12/2010 13:27

Things are happening with Manroy-Big things.

[eburne1960] 30/12/2010 13:24

That's really helpful, thanks muppet.

[eburne1960] 23/12/2010 20:34

By the way, does anyone know what the Times said about it in today's "deal of the day" in the market report?