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MDM Mdm Engin.

168.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mdm Engin. LSE:MDM London Ordinary Share VGG5941V1058 COM SHS USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 168.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Mdm Engin. Share Discussion Threads

Showing 376 to 399 of 650 messages
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
02/7/2013
08:11
Agreed, I don't think there is any hiding from the fact that the mining sector is weak and that will have an effect here. I would imagine that is why this is rated so low (with the cash stripped out) and also most likely why the recent deal failed.

All that said I see it as worth a punt at these levels.

GLA (and me!)

greenroom78
02/7/2013
07:49
Yep, current state of resource sector, esp, juniors plus PoG etc, plenty of variables in the mix........visibility for FY2015???? with the mkt. the way it is.....
soundbuy
02/7/2013
07:44
Bit of a tricky one isn't it?

Fantastic results

Lovely balance sheet

18.9c final divi goes ex in a few days 10 July (12.5p)

Order book steady "MDM continues into FY2014 with a strong execution order book and its future project pipeline for FY2015 and beyond remains robust."

£8m pretax still forecast for current year (say £5.75 post tax) so you pay just £30m for £5.75m post tax profit (PE 5) if you adjust out excess cash

On the other hand

Lower profits forecast (more lower margin reimbursable contracts?) on similar revenue

One wonders how much of the order book is cancellable

I expect it's either much too cheap or much too expensive here!

britishb
02/7/2013
07:27
Agreed, good set of results, which surprises me to be honest......will keep an eye here for a day or two before commiting......
soundbuy
02/7/2013
07:10
I'm back in today. I made my last buy a day trade when the recovery after the recent announcement stalled. Got lucky then as I bought the low of the day.

Back in this morning for the same price I sold at, good set of results IMO.

greenroom78
02/7/2013
06:45
A stonking set of results...these should fly and I expect they will exceed the proposed takeover price in the coming weeks!
mickharkins1
02/7/2013
06:30
Results out today,all appears well,great div and cash,lets hope share price heads north.
florence10
27/6/2013
10:01
anybody know when the results will be out ? was in june last time.
puku
31/5/2013
10:45
140p



M cap £53.3m or 140p ps

nos 38.1m

for yr end 31 mar 13

projected rev £91m
projected net approx 9.54m or roughly 25p ps

cash 23.4m or 61.3p ps

BV 36m or 94.5p

Tpe = 3.15

forward div estimate 9.3p = 6.6%

£/$ 1.52

spob
31/5/2013
07:39
Maybe that was why the Sedgman deal fell through because they were misled by MDM's percentages!

Seriously I doubt that anyone was misled yesterday. You can easily see from the numbers quoted that profit ($20.8m) is 2.6 times (260%) the previous year ($7.8m). I would sympathise with your point more if the statement had contained the amount of the increase ($12.5m) which is 160% of the prior year profit; but it didn't if focused solely on the current and prior year numbers and the percentage was the comparison between the two. If you want the increase percentage you can easily deduct 100% from this. It's all very simple.

valhamos
31/5/2013
06:37
valhamos

that's ridiculous.

Had the revenues and profits been exactly the same as last year you would with your logic have claimed that results were up 100%. The figures given of/by improvements of 155% and 260% will have misled everyone who is as short on numeracy as you apparently are/

I repeat ridiculous....and demeaning

scrutable
30/5/2013
19:09
"I had however to phone the Nomads to get them to correct the glaring error. Revenues were not up by 155%, but by 55%, and profits were not up 260%, good that they were, but 'only' 160%!"

Profits are 260% of what they were the previous year. They could have tweaked the wording to keep any pedants happy but as they quoted the current and prior year amounts as well as the percentage I don't see a problem. I can't see that a correction has been issued; and none is necessary.

valhamos
30/5/2013
16:35
Not wild with joy that the bid has failed as am long at 165!!
It looks a reasonable company with cash on the balance sheet, I hope the mining sector recovers enough for me to get out even in the next year or so.

exbroker
30/5/2013
14:20
I was disappointed when Sedgman made their offer and MDM agreed to it. I thought that Sedgman had won an incredible bargain.

I would love to know the real reason why Sedgman pulled out. Were their finances too stretched by the collapse of the mining economy?

In any case after this morning's panic fall the shares have been a great bargain. I bought more.

I had however to phone the Nomads to get them to correct the glaring error. Revenues were not up by 155%, but by 55%, and profits were not up 260%, good that they were, but 'only' 160%!

Stupid really, careless and since many investors are not numerate - misleading and indeed reprehensible.

However we investors should all be glad that the bid was withdrawn

scrutable
30/5/2013
09:51
They are extremely cyclical (although with a 2 year time lag vs commodity prices). With miners continuing to cut back on new projects and if the gold price remains in the doldrums, then they could well be loss making in a couple of years time as per 2011.

On balance, I think I'll reinvest my merger profits elsewhere, at least for the time being.

wjccghcc
30/5/2013
09:45
gleach - makes a change to get one right, it was as much through impatience than anything else. If they can continue growing this drop will be easily forgotten and so will the merger. The dip in the mining sector is worth keeping an eye on though IMO.
greenroom78
30/5/2013
09:36
nicely played greenroom...it must give you a good feeling having sold out on the merger announcement :)

my feelings remain a little different having held on (!) but onwards and upwards hopefully....at least the merger uncertainty is now lifted

gleach23
30/5/2013
09:15
Long here at 135p. I agree it looks like a buying opportunity.
saucepan
30/5/2013
08:47
I would say (Long term) it's good news that it hasn't gone ahead (for PIs anyway). Those getting shares might be disappointed but 181p was a poor cash offer IMO.

I'm back in this morning as I now see we have a very cash rich company trading on a low forward P/E that also likes to dish out healthy dividends.

Easing myself back in and haven't bought too many in case it drops lower, my buy isn't showing yet for some reason though.

greenroom78
30/5/2013
08:40
Quite an understatement from George Bennett that it's disappointing that the merger is off. Gut wrenching more like! But apart from that the statement seems ok to me. No profit warning and talking about growth and enhanced returns. Agree with Valhamos. By my calculations 61p of cash on the balance sheet at the year end. Assuming 26% tax rate (as per H1) gives EPS of 39.4c so P/E of 4.9x for full year 2013. Strip out the cash and that falls to 2.6x. A dividend of 50% of net profit (in line with previous policy) would be about 12.9p per share, so yield of 10% and with the prospect of higher ordinary or special dividend on top. Unless things get a lot worse quickly (not what they seem to be saying at the moment) that doesn't look expensive. Mining services companies in Australia are doing badly so I wonder pulling the merger is more to do with Sedgman than MDM. I suppose danger for MDM shares is that with no deal there's a rush to the exit. See what they say in July. DYOR etc.
hop53ton
30/5/2013
08:01
I'm buying back in here. I thought the Sedgeman offer was too cheap and sold out when it went ex-div.

Can't see why it would fall much more. The update today suggests last year's eps will be 27p with a good pipeline of orders and lots of cash on the balance which could lead to increased or special dividends.

valhamos
15/5/2013
07:40
I can't believe I held on so long either, it's interesting reasons you give for holding on gleach23, because I had similar thoughts.

I believe lessons aren't truly learnt until our actions have lost us some money. So from now on I will sell my holdings very early on any takeover/merger news and move on. Lesson learnt....

I did sell out this morning, and will now look for a better opportunity.

ic2...

interceptor2
15/5/2013
07:36
I'm amazed they are trying to change the terms, the deal was far too cheap in the first place.

I sold mine on the day it was announced.

greenroom78
15/5/2013
07:03
Must say that i can believe some of you chaps held on so long. I sold after the ex-div. One lesson i learned long ago with take-overs is that if something takes a very long time to be announced usually there are problems.

Steg, long time no see. Never see you around on the boards much these days particularly 'Zulu'. I do enjoy your posts.

cfro
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older

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