MAY Gurney Share Discussion Threads

[spob] 27/3/2013 08:08

" effective exit PE of 9.8 "

much higher than that if you include net debt

MAYG net debt per share = 77p

[xdavid] 27/3/2013 08:01

Depends on what price Costain opens at this morning though. At 253p, it moves Mayg to an effective exit PE of 9.8 - mmmm, not sure. But I guess a bird in the hand, etc.

[darlocst] 26/3/2013 21:06

COST & MAYG in all share merger:



Came out too late to be RNSd but all details on Costain website.

Based on Costain share price values MAYG at 253p plus 5.5p dividend will be paid.

A good result IMO.

[speedsgh] 07/3/2013 14:53

consolidation since start of dec should be viewed as healthy imo. pre-close trading update due at end of March, then preliminary results mid-Jun. that should hopefully wake the share price up a bit.

[melody9999] 02/3/2013 23:22

Hmmm - to me this is looking increasingly likely to break out of curent resistance around 180p.

[harry the haddock] 28/2/2013 12:20

Have sold out in order to pay for hopefully more profitable stuff. at least the divi made it slightly profitable but this doesn't look if it's going anywhere fast. good luck to holders

[xdavid] 19/2/2013 12:11

New "preferred bidder" win, potential £200 million over 5 years.

Full RNS:

May Gurney partnership selected as preferred bidder by

Suffolk County Council

MGWSP, a partnership between May Gurney and WSP, has been selected as preferred bidder for Suffolk County Council's Highways Services Contract valued at up to GBP200 million over five years, with the possibility of an extension to ten years. The award is subject to approval by the County Council's Cabinet on 26 February 2013.

The contract, which is scheduled to start on 1 October 2013, covers the design and delivery of maintenance and improvement works across Suffolk's 6,500km highways network. This includes surfacing, winter gritting, emergency response to incidents on the network, street lighting and traffic signals maintenance, materials testing, road condition surveys, laboratory services, the maintenance of the Council's vehicle fleet, and bridge works.

[speedsgh] 01/2/2013 09:41

... which is often the best time to buy/add, Dodge. Remember, pre-close trading update is due at end of March so not too long to wait for confirmation that previous problems have been ring-fenced + are being dealt with, hopefully no further problems + that it is business as usual. My guess is the share price will start ticking back up prior to release of interims + then, all things being well, head on back above 200p to its previous trading range. NAI.

[dodge meister] 01/2/2013 08:44

Looking a bit forgotten here

[harry the haddock] 21/1/2013 11:56

may gurney get a positive write up here

[dodge meister] 11/1/2013 16:08

The board arent exactly over generous on the communications

[speedsgh] 11/1/2013 15:21

Pre-close trading update due end of March.

[fangorn2] 11/1/2013 10:37

I'd expect Final results around second week June given December ones were half year.

[dodge meister] 11/1/2013 10:21

We seem to have lost upward momentum, anyone know when the next set of results are to be published?

[fangorn2] 07/1/2013 15:58

4 January 2013 that Fidelity International has a notifiable interest of 3,517,345 ordinary shares of 5p each in the capital of the Company, representing approximately 5.0% of May Gurney's existing issued share capital.

[paulypilot] 21/12/2012 18:36

Happy days indeed, and it still looks cheap!

EPS for this year is going to be around 25p, so that's only a PER of under 7.5, which for a group that has no structural debt (just finance leases on equipment used in contracts, e.g. refuse collection lorries) is very undemanding.

We've got a cracking, sustainable, well-covered divi yield too.

Whilst my finger has been twitching over the sell button, on account of them having risen so much, I can't bring myself to sell at what remains an under-valuation. I cannot see why this stock should be on a PER under 10, so that equates to 250p share price target for 2013. Am happy to hold & collect the divis.

Happy Xmas everyone!

Regards, Paul.

[harry the haddock] 20/12/2012 16:13

up 25p in 3 weeks - happy days

[owenski] 10/12/2012 11:25

Maybe the 'a' hole writing the piece wants to buy some

[tamboerskloof] 09/12/2012 12:40

Couldn't agree more, at the end of the day they write rubbish to justify their salary.

[paulypilot] 08/12/2012 11:54

What on earth were Investors Chronicle thinking of, calling MAYG a sell, when it's on a current year PER of 7, and with a yield of 5%? Are they off their rockers? Or just completely clueless?! I do wonder sometimes about the ability of these journalists - are they actual investors themselves?

PP.

[melody9999] 08/12/2012 08:44

Tipped as a buy by Questor then and a sell by the Chronic Investor I understand. That is certainly the right way round! Onwards and upwards me thinks into the 200s.

[tamboerskloof] 06/12/2012 16:17

Good find, keep posting news---thanks. Tam.

[speedsgh] 06/12/2012 15:03

Write up today in Telegraph's Questor column -

[tamboerskloof] 05/12/2012 15:42

MAY Gurney Integrated Services Plc
05 December 2012
May Gurney Integrated Services Plc ("May Gurney" or "Company")
Dividend declaration
Further to May Gurney's announcement on 4(th) December 2012 of its interim results for the half year ended 30 September 2012, the Company wishes to clarify that the record date for the interim dividend of 2.79p per share declared yesterday is 14(th) December, rather than 12 December as previously announced.
In all other respects yesterday's interim results announcement remains unchanged.
For further information please contact:
May Gurney Integrated Services plc