Mercury Recycling Share Discussion Threads

[eburne1960] 09/5/2008 12:16

These are excellent results - combined with yesterday's acquisition which will be earnings enhancing, as well as the likely cost savings mentioned in the acquisition RNS it's all looking rather good - and they are talking about a dividend for next year!!

[hosede] 09/5/2008 09:56

Things should definitely get better from here - the 30% of 130m bulbs being recycled can only increase as implementation of the WEEE directive strengthens. My local RSPB reserve now takes lightbulbs for recycling so I've started saving them and inevitably more charity outlets will develop

[felix99] 09/5/2008 08:16

thats the buaeaty of the phrase it means little really !

[fundementals] 09/5/2008 07:50

Results are out:

MERCURY RECYCLING GROUP PLC

PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2007

Mercury Recycling Group PLC, the recycler of fluorescent light tubes and sodium
street lights, quoted on AIM, announces final results for the year ended 31
December 2007.
* Group sales up 10% to #2,657,000 (2006: #2,399,000)
* Operating profit (before exceptional items) up 43% to #479,000 (2006:
#336,000)
* Profit before tax of #445,000 (2006: #84,000 profit)
* Earnings per share (basic) up 319% to #1.09p (2006: #0.26p)
* Growth achieved following implementation of WEEE Directive in July
2007
* Announcement of completion of acquisition of Envirolite Limited in May 2008

Corporate Synergy were forecasting Pretax Profit of 620K and EPS of 1.47 so these results look a bit low.

An interesting line in the announcement "I am therefore pleased to report that Management figures for the first 3 months of 2008 are in line with expectations, although of course there will be competition and price pressures." Anyone know what the Management expectations are?

[hosede] 08/5/2008 15:15

Certainly looks a good move - maybe our patience will start to be rewarded soon

[felix99] 08/5/2008 13:25

well I bought a few last week - its liquidity thats the problem and the spread.

[drw1] 08/5/2008 12:55

Surprised we have not seen more interest here today.
The aquisition looks cheap for a profitable company operating in what is clearly a growth industry aided by regulation.

[tanazuk] 30/9/2007 15:12

I would really like to get some thoughts / comments on this company as I see it as a positive investment for the coming years. Regulatory reasons apart, what is the future prospect ?.

[drw1] 20/9/2007 13:03

The company say they are making progress regarding the working of the legislation,but agreed some patience will be required.

[hosede] 20/9/2007 12:54

Agreed DRW1, but passing legislation is one thing, enforcing it and organising it all is another - it may take some time

[drw1] 20/9/2007 12:20

Thing with MRG is that they have invested in extra capacity and are now well positioned to increase profits as volumes grow rapidly driven by the legislation.
This will prove to be cheap currenly given time.

[hosede] 20/9/2007 11:01

At last some better news but everyone seems to have gone!

[pugugly] 11/6/2007 17:16

Revisiting after the recent share price drop and the generation of a bear signal on the point and figure chart and a price objective of 12p (stop loss 24p)

My question is have any of the funamental bulls of the stock done an analysis of the implications of the recent Brussels directive on the use of mercury and hence potentialy reducing the amount of mucury that needs to be or mercury containing products that MUST be recyled?

[troys] 18/5/2007 16:18

thanks Aim-trader

[cerrito] 12/5/2007 20:09

Been looking at this following yesterday's figures and to be honest never heard of the company before; clearly one to watch but find it difficult to buy at yesterday's prices which give a marcap of £8.2m
Little cash ; a ceo who wants out; more concern sales appear to have declined from £1219k in the first half to 1180k in the second and the operating profit of £212k in the first half became a £102k loss in the second.
The fact that no financial information in their website does not help.

[piedro] 11/5/2007 21:58

A very weak report. Lots of surplus capacity no doubt!

[troys] 11/5/2007 21:11

Imagine if we had bad news.

[jonothedog] 11/5/2007 19:48

Been a few buyers though

[troys] 11/5/2007 16:43

Market did not like this one. :-(

[troys] 19/4/2007 17:01

Thanks wispman

[wispaman] 19/4/2007 16:39

Troys, the new plant is up and running now for over 6 months.
Results of first 3 months should be reflected in May's finals, with a forecast of what the first half of the year will do, this could be what investors are looking towards. You should dyor.
wispaman

[wispaman] 19/4/2007 16:28

MM's at it already, delayed all buys to make them look like sells, and the only sell (3000) reported straight away.
drw1 I believe that to be correct, and it has lots of room for expansion.
lol wispa

[troys] 19/4/2007 16:26

L2 still looking strong