Metalrax Group Share Discussion Threads

[redips2] 24/2/2012 10:39

Yes, thank you elec---

[maltatrader] 24/2/2012 10:17

thanks Electronica........lets hope for good results!

[electronica] 24/2/2012 09:50

MaltaTrader

Concensus forecast is .......
- FY2011 - £1.46m ptp - 1.02p eps
- FY2012 - £1.99m ptp - 1.38p eps

We can now add the best part of £300k to the FY12 ptp number after today's news.

Industry news indicates that Weston Body Hardware & Toolspec are probably overperforming (look at the Caterpillar reports) & Cooper Coated are probably on track. With the retail climate much better than expected, the kitchenware side could come in with a small pleasant surprise.

I added 25k this morning & will wait for the "good news" to sink in. The best news being that MRX are now a "safe" investment - all the doubts about indebtness are now in the past.

[maltatrader] 24/2/2012 08:30

okay now we are talking ...up 2%

anyone got any idea on results expectations on 19 March?

[maltatrader] 24/2/2012 08:16

seems no move in the share price though

[choppa] 24/2/2012 08:13

hmmmm not quite.

[knigel] 24/2/2012 07:41

10p plus opening IMO!

[electronica] 24/2/2012 07:24

Malta....

Good news indeed!

With £300k extra on the bottom line this should put at least a penny (or two) on the share price today.

[maltatrader] 24/2/2012 07:03

some good news!

RNS Number : 0383Y
Metalrax Group PLC
24 February 2012





Metalrax Group PLC ("Metalrax" or "The Group")



New Banking Facilities



Metalrax, the niche supplier of specialist engineering and consumer durable products, announces that it has successfully completed its bank facility refinancing on improved terms and ahead of the maturity of its existing facilities in August 2012.



The Group has agreed facilities up to £14m for 4 years with The Royal Bank of Scotland. The new facilities will result in reduced borrowing costs saving the Group c.£300,000 per annum (based on current levels of indebtedness). The facilities, being mainly provided by the Bank's asset based lending team, are secured against the properties, the debtor ledger, plant and machinery as well as inventory.



Commenting on the announcement, Metalrax Group Chief Executive, Andrew Richardson said:

"This is a very important milestone for the Group. The new facilities have been agreed ahead of schedule and on competitive terms. Completion of this refinancing provides a stable platform in challenging times with unpredictable economic conditions. The Group's priorities are to achieve growth whilst continuing to reduce borrowings.



Metalrax will announce final results for the year ended 31 December 2011 on Monday 19 March 2012.

[choppa] 17/2/2012 19:57

'stuck in a rut' seems to spring to mind with this.

[redips2] 17/2/2012 12:10

Slightly loosing the will to live with this stock----still I'll grit it out, and wait for any "caterpillar news" .

[maltatrader] 03/2/2012 13:36

Peoria, Illinois-based Caterpillar Inc., the world's biggest maker of earthmoving equipment, plans to increase employment this year as it expands facilities, including in Victoria, Texas, and Winston-Salem, North Carolina, Chief Financial Officer Edward Rapp said yesterday.


LET'S HOPE MRX Benefits too

[leoboy] 01/2/2012 11:23

right on Electronica .

[electronica] 31/1/2012 20:29

The new FD at MRX certainly seems to be a lady with the right ideas & her views on UK manufacturing are a refreshing change from the usual doom & gloom ...........

[maltatrader] 27/1/2012 08:15

agreed Electronica.

[electronica] 27/1/2012 08:01

A link to that positive Caterpillar news ...............

[electronica] 27/1/2012 07:56

MaltaTrader

Look to Caterpillar's quarterlies announced this week - they were brilliant & reflect the rising demand for yellow goods across the piece.

This bodes well for Weston Body Hardware (MRX's 2nd largest unit) who are a supplier to this sector generally & to Caterpillar in particular.

[maltatrader] 27/1/2012 07:06

North American industrial companies are predicting that the US will be one of their big growth markets in 2012 for the first time since the start of the financial crisis, reflecting rising demand for everything from excavators to truck parts.

Hope Metalrax order book improves.

[dmhzx] 14/1/2012 00:03

Electronica, I knew you wouldn't agree.

I have a mortgage on my house. I am repaying £500 a month in interest.
I sell the house to repay the mortgage, and agree to rent it back from the person I sold it to for £1000 a month (increasing every year.)

And you reckon that's a good deal, as made by someone with a sound enough grasp of finance to be made a Financial Group director?

Er, if I could afford £1000 a month, why not add that to the mortgage repayments thus reducing the captial and the interest on it month by month?

As you can see I'm no fiancial whiz kid, nor Roman galdiator, but thinking that MRX got a good deal from the sale and leaseback reminds me of the Kings new clothes.

Still on the bright side, at least we have someone on board with experience of calling in the administrators.

[omerta] 13/1/2012 11:53

Glad i sold mine having doubled money @ 11p ish a year back. Not going back in at this level.......

[intouch] 13/1/2012 08:11

Metalrax making good progress
13th January 2012

[electronica] 13/1/2012 08:07

dmhzx

Spartacus you ain't!

I would rather be a free man in charge of my own destiny at almost whatever the cost, some others (you) might enjoy being slaves to the banks.

An MRX making its own decisions is a better company than an MRX in the bank's hospital ward.

[dmhzx] 13/1/2012 07:57

So the person who masterminded the appalling sale and leaseback deal under which the new rent was twice the previous interest payments, has been made group finance director.

Yes, net debt is down, but enforced outgoings are up. But because they are in a different column, and not going to a bank, and are guaranteed to increase year on year it's better???

Look out for more smoke and mirrors over the coming months

Time to get out of these very soon now.

Yes I know none of you agree with me.