Metalrax Group Share Discussion Threads

[rampant debra] 11/2/2011 08:25

luds. do not be silly. great to sea mrx has held above 10. some hot money here guys before results end of march. only have to look at the recent activity.


-overhaul of management
- james Leek on board - he is the KEN HOMME or THE GORDON RAMSEY of turning troubled companys into world beaters
- concentraiting on core businesses
- sold all the loass making units
- refinanced
- paid down large chunk of debt
- massive director dealing in the last couple of months (they know aht is coming)
- management buy in at metalrax storage
- making a profit in H2 - 2010 -
- BOMBPROOF trading staement in January - if it was any more positve won could almost call it insider trading
THE LIST IS ENDLESS


Best of luck all
debs

[ludlowe] 10/2/2011 20:32

Rampant Debra, alas farewell ole buddy, the time has come to depart, I wish you, luds, rainfall well, parting is such sweat sorry

;'()

[rampant debra] 10/2/2011 14:23

i now have a larger holding here than rgd. feel this company has turned the corner now.

[sportbilly1976] 10/2/2011 12:12

bought in with a few this am on the back of the potential breakout & ease with which that 200k was taken..

[cockneyrebel] 10/2/2011 11:49

Yes, a sell - and rising on the back of that - must be a large buy order being filled imo.

CR

[rampant debra] 10/2/2011 10:16

someone just sold 200k. price has held up though. nothing wrong with a bit of profit taking on the way up.

[rampant debra] 10/2/2011 08:52

certainly is. bid up to 10.5. 52 week high is 11p. this could be significant. directors must be pleased. they bought in at 4p a couple of months back. they know what is coming. results end of march.

[cockneyrebel] 10/2/2011 08:18

looking good :-)

CR

[rampant debra] 10/2/2011 08:12

buyers prepared to pay 11p now

[the bounty hunter] 09/2/2011 21:22

Excellent newsflow - can see this at 15p in H1

[cockneyrebel] 09/2/2011 20:09

Cheers R.D.

Quite a few engineering/manufactures doing well I think, GKN, SIXH, TRI, SCPA, MRX, FENR - all holds of min that are doing well.

CR

[rampant debra] 09/2/2011 19:54

UK small manufacturing experiences boost in production


Small firms have seen production improve in the quarter to January, as domestic demand for UK-made goods has improved, says business body the CBI.

Its SME Trends Survey reveals that 30% of the respondents said the volume of output rose, and 17% reported a fall, giving a balance of +13%.

That was slightly weaker than the 19% expected but stronger than the balance of +9% in the previous quarter.

But firms are facing cost pressures, feeding through to higher goods prices.

'Headcount'
"Manufacturing is one of the few bright spots in the economy and this survey underlines the important role of smaller firms in delivering growth and jobs," said Lucy Armstrong, chairman of the CBI's SME Council.

"With domestic orders steadily improving and production rising, firms are increasing their headcount to keep up with demand."

Indeed, according to the CBI survey firms have been adding to the number of people they employ at he fastest rate of growth since April 1995.

Output was lifted by an improvement in domestic orders growth, but those cost pressures have started eating into profit margins.

That has put up both domestic and export prices of manufactured goods, and an even sharper increase is expected in the coming quarter.

[rampant debra] 09/2/2011 19:52

Bid price up to 10. could be looky at a major break out here. a little buy or too in the morning should see it really motor.

[rampant debra] 09/2/2011 14:39

management buy in. director share purchases. company made a profit h2. company paying down large chunk of debt. this is rgd all over again. cameron concentraing on british manufacturing,

[rampant debra] 09/2/2011 14:38

look at the charts luds. all system go here,

[ludlowe] 09/2/2011 14:37

13 trades, 51k at 9.75p ,really debs ,thats pocket money ,

[rampant debra] 09/2/2011 14:11

here is the break out. some nice buys going through today.

[rampant debra] 09/2/2011 14:07

Management buy-in at Metalrax Storage

Feb 3 2011
Birmingham-based industrial storage manufacturer Metalrax Storage has undergone a management buy-in.

The deal, for an undisclosed sum, was led by Metalrax Storage managing director Marko Ivanovic.

Manchester-based TMG Corporate Finance negotiated the acquisition with a new finance facility provided by invoice and asset-based lender Venture Finance.

Venture provided Metalrax's new owners with a confidential invoice discounting facility coupled with a plant and machinery loan worth £150,000, unlocking working capital for growth.

In addition, the owners raised and invested £100,000.

TMG leveraged this finance facility to negotiate deferred payment of part of the value of the contract.

Mr Ivanovic, managing director and executive shareholder at Metalrax, said: "Metalrax's main customer-base is in the commercial and industrial sectors but I see huge potential to move into other sectors, particularly retail.

"The invoice discounting is vital in providing us with the working capital we need."

Metalrax is an established supplier of products and solutions to industry, government and public bodies such as the emergency services and education authorities.

Its customers include Her Majesty's Courts Service, the National Museum of Wales, Next, Boots and Argos.

Martin Clark, business development manager at Venture, said: "As the UK economy recovers, businesses are starting to shift their focus from survival to growth. Asset-based lending is an increasingly viable option."


Read More

[rampant debra] 09/2/2011 13:51

RNS Number : 2906Z
Metalrax Group PLC
12 January 2011

Metalrax Group PLC
12 January 2011

Trading Update

Metalrax Group PLC (the "Group"), the niche supplier of Specialist Engineering and Consumer Durable products, today provides an update on trading prior to the release of its results on 15 March 2011 for the year ended 31 December 2010.

The directors anticipate that the Group's performance for the full year ended 31 December 2010 will be ahead of market expectations.

As indicated in the interim results announcement, in 2010 the Group has made good progress in the turnaround of its core businesses. The second half of 2010 will show the Group being profitable and demonstrating an improved performance over the first half and the corresponding period in 2009. Borrowings will also be below those reported in the 2010 Interim Report and 2009 Annual Report. In addition to the property disposals announced on 23 December 2010, on 24 December 2010 the Group disposed of the assets related to its Storage and Sections forming business unit for a total consideration of £0.75 million. In total, actions taken in recent months will result in total debt repayments of £3.7 million.

Cash flow from operations continues to be positive and the company has made excellent progress in reducing net debt, which has consistently been lower than anticipated.

Outlook

The positive trend in the second half of 2010 together with an improving macro economic background confirms the directors' view that the Company's core markets have begun to stabilise and gives us confidence that the actions taken over the past 36 months leaves the Group well placed to benefit during 2011.



For further information:



Metalrax Group PLC



Andrew Richardson, Chief Executive
0121 433 8961






Arden Partners plc



Steve Douglas
0121 423 8900

Jamie Cameron
0207 614 5925

[rampant debra] 09/2/2011 13:01

ask up to 10.25. lets hope it can stay above 10. results due end of march. company now in profit.

[rampant debra] 02/2/2011 11:45

bigger buys today

[cockneyrebel] 15/1/2011 18:42

Sorry but £200K is a guess like £450k would be.

If they have done £200K that's a £700K improvement over H1 and quite some momentum still.

"The trouble is manufacturers are making money on a boost of orders now so investors need to factor in a possible reduction in orders That's claptrap imo - we have a global recovery on the way and no listed industial companies I know of are factoring in lower sales next year than this year. Most having had cost cuttings of huge size are factoring in higher sales and higher margins imo.

Anyway - we'll see at the results - they are 10 days earlier this year on March 15th so not that long to wait.

And the chart is still in a very nice up trend.

CR