MAY Gurney Share Discussion Threads

[jonwig] 25/3/2009 16:46

This explains some of the strange trading:

The Company was notified on 24th March 2009 that Polar Capital Forager Fund has a notifiable interest of 2,920,000 ordinary shares of 5p each in the capital of the Company, representing approximately 4.16% of May Gurney's existing issued share capital.

[jonwig] 23/3/2009 13:56

Etarip ... being a cautious sort of chap, I'll wait on the next TS to possibly add, though I may miss a few pence if it's a good one.

NOTE ... the four trades starting around 09:21 at near to mid-price. I suspect these are off-market and have something to do with clearing an overhang. In that case, yes, the price may have stabilised.

[etarip] 23/3/2009 13:41

I have more than doubled up today however Jonwig, I regret I do not get into the list of main shareholders.

[marvelman] 23/3/2009 12:38

Looks like we have pulled out of the nosedive and are in level flight...lets hope now we can start gaining some altitude again.

[marvelman] 22/3/2009 21:03

Thanks for the upodate Jon...yes very interesting considering the volumes of late and no RNS regarding shareholdings...can only assumer sell off relates to PI's. All the more reason to top up (hate the phrase) at these levels.

[jonwig] 22/3/2009 19:27

Year end is 31 March, and judging by last year there should be a Trading Statement in early April - so within the next two weeks.

I've added the main shareholdings to the header: a bit surprising that only one institution is in the list (over 3%).

[jonwig] 19/3/2009 11:16

Marvelman - agreed, up to a point.

Recycling in the UK has become a bit embarrassing with stories of recyclable material being landfilled because of low prices, but I imaging the landfill tax rates will still ensure it's cheaper to recycle over a longer period.
Contracts will go to the ones who can keep costs down, until the economy turns up, that is.

[marvelman] 19/3/2009 10:42

Jon

I do have reservations about their involvement in the rececycling business. Sentiment I believe has changed and it is no longer the massive growth sector it was originally seen to be at the moment due to the high costs involved and low margins of profitability. Certainly in the future it will innevitably be an important business but for now councils are looking to cut costs not increase them.I will be interested to see the margins in this business when we see the next set of results in 3 months.

Marvel

[jonwig] 19/3/2009 08:29

A few news snippets.

May Gurney leads the way in recycling:



Severn-Trent contract:

[marvelman] 18/3/2009 12:23

Thanks for your research Jon. So this puts MAYG on a less than 6 p/e with a 1.2 billion order book. Certainly we should see some pressure on their margins but at these levels I would prefer rather to be in than out with a dividend paid out as a bonus. Obviously no quick rewards here but patience is needed with some stocks and this will be one of them. There may yet be some more pressure on the S.P. from whoever the seller is but it is now only a question of topping up when required from here.Another contract announcement is what we need now.

[marvelman] 17/3/2009 20:10

Thanks for your thoughts Jonwig...nice to see you are still around.

This does seem to be a concerted onslaught and bought in today having been waiting for an entry point. The spread seems to be all over the place.Regards.

[jonwig] 17/3/2009 17:46

marvelman - nope, though some support services/consultants have been hammered recently.
Mind, they have debt problems, MAYG hasn't.

Selfishly, I'm happy to see the fall, as I'm looking to buy.

[marvelman] 17/3/2009 17:35

Does anyone have even the slightest clue as to why this mass sell off?

[ssords] 12/2/2009 17:34

Dreadfully underpriced seems nonsensical to me. But then any company not in the media just ticks over share price wise. MG just secured a nationwide mntnce contract with Brit Wways to add even more to their huge order book.
Ssords

[onlythebest2] 18/12/2008 11:30

why is no-one talking about this company? i can't believe how underpriced it is.

[boll] 02/12/2008 23:10

This company is performing quite well considering the reduction of some £23m in one of its divisions with growth forecast in other divisions. It would be helpful if the company could quantify what the upfront costs associated with the newer contracts so that we could get a better view of underlying profitability. a fairly solid defensive performer going forward

[etarip] 17/10/2008 12:55

Rated a BUY in todays Investors Chronicle

PE 9 times

Cash Pile £21m compared to market value of £120.8m

Strong Order Book up from £1bn in March to £1.25bn

Thanks for reply jonwig.

[jonwig] 15/10/2008 18:37

Hi, etarip.

Following your question on another thread [VLE] I've replied here.

Actually, I never bought this. I planned to do some research when it came to the market, but the share price just bounded away. Since I think chasing new issues is a mug's game, I left it alone.

Anyway, I see it's dropped below the 186p placing price so it might be worth adding to the list of stuff to look at: absurdly undervalued companies doing well and with cash on the balance sheet.

In these markets, favourable press comment is hard to come by, and will be ignored anyway! No journo wants to tip a share which could fall 10% next day, no matter how good it is.

I'll have another look at this tomorrow.

[etarip] 15/10/2008 08:42

There does not seem to be any interest in this share. It could do with some favourable press comment.

[ssords] 14/10/2008 19:49

Given good vibes from CEO it is strange that this share getting of to an excellent start, has slumped so drastically - and has shown no real recovery after GB made his earth shattering announcements.
Anybody any ideas
Ssords

[etarip] 02/10/2008 07:57

May Gurney Integrated Services plc ('May Gurney' or the 'Company')

May Gurney Integrated Services plc, the dynamic integrated support and construction services company providing maintenance and enhancement services to the highways, utilities, environmental services, rail and general infrastructure sectors, today reports on trading for the six months ended 30 September 2008, prior to entering its close period.

Performance for the first half of the year has been in line with expectations, and with our high visibility of earnings, good cash position and clear opportunities for growth in Maintenance Services, we continue to remain confident about our business prospects for the current financial year and beyond.

Our secured and framework forward order book is now £1.25 billion and prospects in our growth Maintenance Services market remain positive. Local Authority spending in our sectors remains robust with good bidding prospects, and despite the short term volatility related to the rebidding processes in Utility services, the regulatory commitment to these areas makes us confident about the outlook. The integration of ECT Recycling, the environmental services collection and recycling specialists, acquired in June 2008, is proceeding well.

Philip Fellowes-Prynne, Chief Executive, commented:

'We have achieved good progress in the first half of the year. Our prospects are positive in our markets and we are on target to achieve expectations for the full year.'

The interim results will be announced on 2 December 2008.

Looks like decline in share price over done IMHO

[targatarga] 30/9/2008 08:25

statement?

[trundler] 29/7/2008 11:52

Doesn't seem so bad, but that could disappear quickly

[wjccghcc] 29/7/2008 10:40

21mm net cash at last report.