Metalrax Group Share Discussion Threads

[maltatrader] 01/11/2012 14:20

which announcement???

[choppa] 01/11/2012 13:32

Not a bullish announcement that!

[choppa] 29/9/2012 15:05

I only see the new banking facilities they have as the only positive here. 4 years from Feb I think agreed with the bank so they have that time to turn it around but its a long and steep hill to climb.

[charo] 28/9/2012 08:09

why no resignations ,chairman ineffective needs some shareholder action.

[simon templar qc] 20/9/2012 09:15

Electronica,

Sorry about this affair, you are right about a profit warning. The company has a duty to inform the market should profits vary either way by 10%. You need to alert the FSA as I am doing elswehere!!!!

[electronica] 20/9/2012 08:08

I've met Andrew Walker (in a different context) a few times & will be trying to get hold of him within a week. There are some serious questions to be answered here, including -

- why has there been no formal profits warning?
- why has there been no previous mention of the wind down of architectural metalwork?
- what's the plan on debt?

[choppa] 20/9/2012 07:40

Reading through those results there is no optimism at all. Worst set of results I have seen in a long time. Like you say charo it may be a case of the last one to leave please switch off the lights...

[charo] 20/9/2012 07:33

well stuffed we are.the sale and leaseback is now impacting as i suggested negatively.there was no indication in the year end of wind down of the architectural business,indeed encouraging noises were made.AR has talked a great game over almost 5 years of decline,see my original posts.nick is well out of it.group is running out of options GW SHOULD HAVE BEEN DEALT WITH SOME YEARS AGO AND GLOVER IS A DISTRACTION.change is required thoughit might be too late.

[charo] 14/9/2012 07:20

results next week not expecting to be good.rent payments will now kick in and adversely.

[maltatrader] 27/8/2012 14:45

i believe its just because it has been oversold following the loss of the morrison's contract.

[studhaves] 27/8/2012 14:18

Why is it leaping up?

[charo] 31/7/2012 13:38

richardson has in 5 years promised a deal and delivered what a share price down 80% over the period.

[electronica] 31/7/2012 07:24

The whole consumer goods division now sits very badly with the niche engineering units that generate practically all of MRX's profits.

The sooner that they go (prefereably via an MBO) the better. Coopers do need to secure the continuing supply of coated strip to the new owners though.

[pvb] 31/7/2012 07:07

I would have expected most of this kind of thing to come from China these days.

[empirestate] 31/7/2012 07:05

actually the bakeware at morrisons i always felt was a tad expensive. no wonder the share price has been taking a pounding of late, am sure there were some in the know.
never mind

[maltatrader] 31/7/2012 06:16

seems that nowadays ladies are no longer into baking cakes.........seems they are more into other stuff....!

[maltatrader] 31/7/2012 06:09

Bad news this morning

Contract Loss



Metalrax Group PLC ("Metalrax" or "the Group"), the niche supplier of specialist engineering and consumer durable products, announces that it has been informed that the Morrisons supermarket group ("Morrisons") will not be renewing its supply agreement with the Group's Consumer Durables division.



The agreement relates to the ongoing supply by George Wilkinson of bakeware to Morrisons, although George Wilkinson will continue to supply certain seasonal bakeware to Morrisons.



The Morrisons supply agreement represents approximately 3 per cent of annual Group revenue.



Chief Executive, Andrew Richardson commented:



"We are obviously disappointed to have lost this significant customer, which we tried very hard to keep. We will now concentrate our efforts on replacing the volume lost with new business whilst maximising our capacity utilisation."

[redips2] 09/7/2012 18:09

Elect----would be nice to beat expectations. I am nicely down on these, but hey ho. I understand Caterpillar have being doing well, also JCB-----so we may benefit. Keeping investors informed with regular interim/updates---agree totally I guess all will be revealed in due course.

[electronica] 09/7/2012 16:44

redips

I'm wondering whether we're going to get a pre-close trading statement for the 1st Half.

In the past MRX haven't issued these - but Andrew Walker looks to be a pretty effective new broom & perhaps the company's attitude to shareholder communications is going to change for the better.

Anyway - the Interims are due in late August & I'm expecting the numbers to beat "market expectations".

[redips2] 09/7/2012 16:11

well!----life in the old dog yet.

[empirestate] 26/6/2012 15:58

heading south fast at the mo, worth keeping tabs on at this rate

[redips2] 06/6/2012 08:11

Hmmmm!----big 'ol buy----someone loves us :)

[maltatrader] 22/5/2012 08:13

Anyone going to the AGM?

[envirovision] 11/5/2012 13:52

Its easy to forget management bought a whopping great chunk of the company just a year and a half ago for a few pence. ouch.