Mercury Recycling Share Discussion Threads

[dealit] 19/5/2009 17:35

Why the rise today anyone.

[tophalf69] 19/5/2009 15:44

A solid looking set of rsults considering the current climate:

Mercury Recycling Final Results





TIDMMRG

RNS Number : 2901S
Mercury Recycling Group PLC
15 May 2009

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Mercury Recycling Group PLC
15 May 2009


MERCURY RECYCLING GROUP PLC


PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2008


HIGHLIGHTS

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 2008.

* Group sales up 15.7% to GBP 3,074,000 (2007: GBP2,657,000)



* Operating profit (before exceptional items) up 21% to 558,000 (2007: GBP461,000)



* Profit before tax up 20% to GBP 534 2007 (2007: GBP445,000)



* Earnings per share (basic) up 10.1% to 1.20p (2007: 1.09p)


Commenting on the results, the Chairman, The Rt Hon The Lord Barnett JP PC
stated:


"In the current economic climate these results are highly satisfactory. Our
Balance Sheet shows a strong position, which will ensure that we are able to
keep the Group moving forward. The current year has started well and sales in
the first three months of 2009 are in line with management's budget".

[tophalf69] 19/5/2009 15:34

Take it back, now 19% at 24.3% today

[pelleeds1980] 19/5/2009 15:33

Saw the email a little late shall we say! GL all

[tophalf69] 19/5/2009 15:32

Thought it looked ok, ie not likely to just fall over and die!

Penny Sleuth is where I got this from, jumped 15% since I asked and I put some in at 15% so up 5 now but running even due to spread. Will wait and see, fingers crossed.

[pelleeds1980] 19/5/2009 15:25

Just seen email from Penny Sleuth plugging this, should see a rise in the short term

[felix99] 19/5/2009 15:25

Yes financialy fine. Just a long term hold - not sure there will be any fireworks until the flat screen recycling starts to bear fruit/ become a prospect

[tophalf69] 19/5/2009 15:15

Been a while since anyone has posted here. Just looking for opinions on the current SP/situation.
Had a quick look and looking financially sound!

[felix99] 21/1/2009 13:28

tell me about it - everywhere and yet they will get cheaper I bet too.

some great dividend yileds out there as well

[hosede] 21/1/2009 13:13

Well done unloading FELIX. But there are lots of other bargains on low single digit PEs and soon there will be more I suspect

[felix99] 21/1/2009 12:15

patience Hosede - its a long term thing. When thing simprove they will get swallowed.

In the meantime I expect profits to rise very nicely so that they will be on a low single digit p/e and expect they will start to pay a dividend out as well.

Happy to hold although I must admit to unloading some at 19 and 22p odd as I had averaged down at 11 or 12p :-)

[hosede] 21/1/2009 10:51

Fraid you were TOO QUICK there VERY - I really don't see the EU being in much of a position to enforce this sort of green legislation at the moment - survival will be the name of the game for the next few years - but I'm still holding mine and watching patiently to top up one day. No-one is taking out anything at the moment FELIX there just ain't no money about!

[felix99] 12/1/2009 09:37

yes its a buy and forget job - it will get taken out at 30 or 40p before it gets to a quid though imho - 151 or one of those waste recycling outfits.

Nice article though - might just increase the take out price towards 50p

Been plenty of stock dribbled out over last few months so suspect there will be a seller unloading which will hold this back short term still

[very quick] 12/1/2009 08:46

Managed to get 10000 at 18.75p
Tuck these away till 2012 and you will be greatly rewarded. I see these at £1+
by end of 2011..And if the rest of Europe follows the same path then who knows where this share price may end up. Very good company to follow. IMHO. DYOR.

[eburne1960] 11/1/2009 22:39

Excellent article in the Mail on Sunday (not the financial pages), talking about how the shares are set to soar as people are forced to use the new energy efficient bulbs, benefiting the chairman (a Labour peer). Sorry, too dopey to work out how to post the link!!

[felix99] 09/12/2008 15:44

I'm sure things are fine - I want to pick up some cheap stock but it looks like someone has a standing order in at 11p by the looks to mop up whatever is going

[pugugly] 09/12/2008 15:37

This is a quiet as the grave - Anyone any idea how things are going????

[piedro] 12/9/2008 15:15

lot of 'goodwill', less 'cash', much 'trade + other receivables' - IMHO

[hosede] 12/9/2008 15:04

At least it's progress when almost all other Cos. are reporting lower earnings YoY!

[castleford tiger] 12/9/2008 08:44

good numbers again. Divi to come soon.

no doubt they will be up today.

tiger

[castleford tiger] 05/8/2008 18:12

Bought a further chunk today on the dip

tiger