Mdm Engin. Share Discussion Threads

[cestnous] 15/11/2012 08:38

Tipped in 'Shares'.
Market consensus expects eps to increase 87% yoy to 18.1 in the 12 months to March 2013. Forward PE of 8.2 looks excellent value. Cannacord Genuity estimated cash of 50p per share underpins 6.1% divi.

[cockneyrebel] 14/11/2012 21:43

I'd sauy H1 results will be rather good if they can say they will beat forecasts for the year when there's 6 months to go still.

4.1p eps in H1, 5.6p eps in H2.

8p looks like the H1 eps 10.8p in H2 to meet forecasts.

If they manage 20p eps which is possible then there's 10p divi here imo, which would be a 6.7% yield on eps growth of near 100%?

That just looks sooooo cheap imo.

CR

[greenroom78] 14/11/2012 20:56

Thanks guys. Some familiar names in here, I'll do a bit more research this evening. It's a good policy of theirs giving back 50% of post tax profit, a few more companies could learn from this.

[cockneyrebel] 14/11/2012 19:15

18.8p is the current forecast, not been upped yet. I think broker forecasts will rise after the results early Dec Greenroom

CR

[interceptor2] 14/11/2012 19:09

The consensus estimate has increased slightly since the IMS. Canaccord increased EPS from 15.91p to 18.01p, which is now more inline with Edison's EPS of 18.80p which hasn't been changed since the IMS. And the yield forecast is correct at 6.1% and is covered x 1.99, they can back this up with net cash of £19.4m from most recent results.

ic2...

Edit

MDM stated in the most recent results "that they are commited to paying 50% of after tax profits in dividends.

[greenroom78] 14/11/2012 18:54

I don't hold these but have been looking at them over the past day or two. Digital-look have them down to do 18p EPS and a yield of 6%+ (9.03p) for year ending Mar-13, can anybody confirm if this is correct. Has the EPS forecast been upgraded since the recent IMS or is that included in the 18p, also that 6% yield looks high and is a big jump on last years 7.5c is that correct?

Thanks in advance.

[cfro] 14/11/2012 18:05

Some of these small-caps have gone so, so quiet of late. Cant quite believe it myself as investors were all over these like a rash on the pre-close statement and now virtually no interest.

Results soon tho so not long to wait.

[bigbigdave] 08/11/2012 16:20

Some more for me today, next leg up forming here?

[allstar4eva] 07/11/2012 19:06

Seems to be a bit of an overhang. Should motor once it clears...

[cockneyrebel] 07/11/2012 10:49

Bit of volume going through today.

CR

[wiwaxy] 31/10/2012 21:19

Results due in the first week of December, 4th I think.

[cfro] 31/10/2012 16:01

Definately not ISA'ble mores the pitty.

Atlast we are seeing a decent move upwards.

[napoleon 14th] 31/10/2012 15:57

Ermmmm, it's been confirmed they're not ISAable.
Selftrade confirmed:

"The following errors occurred:
1) This security cannot be traded within this account type. "

Pity!

[interceptor2] 31/10/2012 15:55

Just had a check and pretty sure these are not ISAble.

I wish they were because I struggle to find companies for my ISA account.

ic2...

Edit, Yes just seen the answer on CRs thread..............

[cockneyrebel] 31/10/2012 15:24

Not taking much volume to move these up now imo.

CR

[cockneyrebel] 31/10/2012 13:07

Picked up some more on that tick up.

Ahead of forecasts, low PE, big divi, ISA-able and results in a month.

Does it get any better?

CR

[mechanical trader] 18/10/2012 16:55

Bit dissa pointed in lack of
follow through.

Mind cant go up every day.

[cfro] 18/10/2012 15:13

Surprised this has dipped a little today. Nevertheless, this is giving another opportunity to investors to top-up.

Thanks for the forecasts IC2. I totally agree with sentiments made here that they look on the light side. We'll see what the results say in dec.

[interceptor2] 18/10/2012 14:45

Agreed, expect buyers to take advantage of this pullback, I have :o)

Below is the latest estimates from Canaccord.

2013 PBT = £8.51m and EPS = 17.39p
2014 PBT = £8.82m and EPS = 18.01p

Look too light to me after an ahead of market expectations trading update, there is still a long way to full year results, but if they are saying they will beat forecasts this early, then EPS of 20p would be a conservative estimate imo.

ic2...

[cockneyrebel] 18/10/2012 11:49

I bet thee will be a lot after catching this dip - with that statement yesterday and results early Dec.

That was a swathe of buyers yesterday, few sellers today.

IC comment tomorrow?

Huge vol yesterday, highest since April 09, aside from one day in June.

CR

[interceptor2] 17/10/2012 22:28

Yes my round. I haven't seen Special Brew here, but there is a stronger cheaper beer that the local alcoholics all drink. I did try it once and it was disgusting, but I still finished the bottle :0))

Hic....

ic2...

[mechanical trader] 17/10/2012 20:24

To be fair they have gone up from
152p share price target.......

MDM Engineering Group Broker Views
Date Broker Recommendation Price Old target price New target price Notes

17 Oct Canaccord Genuity Buy 157.50 152.00 166.00 Reiterates
20 Jun Canaccord Genuity Buy 157.50 141.00 152.00 Reiterates