MAY Gurney Share Discussion Threads

[kenmill1] 07/7/2007 11:23

Update in SCSW. They recommend it as a strong hold.

[palwing] 02/7/2007 07:39

Order book in excess of £1 bln ! Excellent...about time the share price reflected what a great company this is.

[palwing] 19/6/2007 09:44

Wey hey...back where it belongs...flying!

[palwing] 18/6/2007 07:08

Monday AM andno MAYG share price showing. Mine the only one??

EDIT

Back now....

[palwing] 14/6/2007 14:01

XD and still the share price goes up...can't be bad!

[savage3] 08/6/2007 14:20

Also the IC gives it a buy rating in the results section today.

[mrx9000] 08/6/2007 13:59

MoneyWeek says with shares trading on a p/e of 12, this support services company for rail and utilities firms is undervalued. A £1bn order book makes this "one to watch".

[hazelton] 04/6/2007 19:00

So do we put the rise down to the tip from growth company investor ? It was up over 20 in the middle of the day on no news.

[savage3] 04/6/2007 15:40

To be honest I'm suprised the weekend press did not pick up on this one.However I assume Shares Magazine will feature it in next Thursday's edition as they tipped fairly recently.The IC wil also feature it on Friday in their results section possibly giving it a buy rating.

[savage3] 04/6/2007 15:27

Sorry should have posted this last week from Growth Company Investor:

May Gurney Integrated Services - STRONG BUY
Companies: MAYG
31/05/2007

Investors after strong cash flows and excellent earnings visibility should look no further than May Gurney, the long-established support and construction services concern that debuted on AIM last summer at 186p.

For the year to March, the group, which provides maintenance services to sectors such as rail, roads and utilities, reported record sales and profits for the eighth year running, marking its first year as a public company in some style. Pre-tax profits (before float costs and property transactions) grew 27% to £14.9m on revenues lifted 11% to £406m. Underlying EBITA grew by 13% to a record £15.5m, achieving a margin of 3.8%, which management believes it can improve upon.

Top-line growth was delivered almost entirely organically as the company further fostered long-term ties with clients in public and regulated sectors. Recent March acquisition AC Chesters & Son, boosting presence in the water utilities market, barely affected the figures.

Most significant was news of an order book (including framework agreements) now worth more than £1bn, with more than 70% of the business now comprising long-term maintenance contracts. With the bulk of revenues coming from maintenance to support essential services, with infrastructure investment coming from either the public purse or as a result of regulation, May Gurney's sales aren't subject to capital spend fluctuations and earnings visibility is highly superior.

With the group going great guns and the net cash pile having increased from £8m in March 2006 to a year-end £22.4m, management recommends a 2.1p final payout, giving total dividends of 3p for the year.

Flush with cash for acquisitions and looking to improve the quality of its highly visible earnings, we continue to confidently recommend May Gurney, which trades on a historic earnings multiple of 17.6 (based on last year's underlying earnings of 16.95p) despite a share price surge since float.

[palwing] 04/6/2007 14:24

Looks like a brief bit of excitement today? At least the share price is going in the right directon now.

[squintyflinty] 30/5/2007 22:07

Solid. Do not panic.

[palwing] 30/5/2007 08:11

Well...would you believe it...after a +2p opening, now -7p?

Nice results, prospects look good for continued growth, Olympics not a million miles away and a Divi too! What's the share price do...FALL!

Looks like the old "sell on fact" scenario. Long term then I guess?

[hazelton] 30/5/2007 06:52

I Agree , quietly positive from a solid company :-

'We have made significant progress during our first year as a public company,
reporting record turnover and profits for the eighth year in succession, strong
cash flow and an order book which exceeds £1bn. Our strategy of developing
long-term customer relationships and high quality of service ensures that we can
pursue strong organic growth, alongside a prudent approach to acquisitions
driving long term earnings enhancement. With excellent visibility of earnings,
a dedicated team of employees and the overall strength of our markets, we look
forward with considerable confidence to the continued success of the business.'

[palwing] 30/5/2007 06:40

Nice results!

[palwing] 14/5/2007 15:24

Yep....buy on rumour...sell on fact? Lets see what happens after results.

[savage3] 14/5/2007 11:15

We are at last seeing a rally ahead of results.The downtrend appears to have been broken.

[palwing] 03/5/2007 13:35

And there she goes again.......(sob)

[palwing] 01/5/2007 07:15

Well. there you go..sub 300p. DOH!

[palwing] 30/4/2007 16:26

Hope so cos my place in the EDP Fantasy share league is banking on MAYG.

[savage3] 30/4/2007 15:22

Support now being tested.Preliminery results due on the 30th of May.The trading statement at the beginning of the month appears to confirm everything on track,hopefully the price will begin to rise as we run up to results.