Metalrax Group Share Discussion Threads

[meijiman] 20/2/2013 11:42

Lets hope something happens as with the present management team there is no strategy or direction. What is surprising is that they have 'managed' this sad decline for a number of years. As the Chairman cannot make hard but necessary decisions this drift will continue. Mr Anderson may be our only hope.

[charo] 20/2/2013 08:53

Institutions rarely initiate action indeed rarely support moves against incumbents.the best that can be expected is anderson as a large sharehildet has a clear strategy which he can propose to hendersons and pam winning their support for egm

[choppa] 19/2/2013 22:00

I guess hope is all we have left!

[meijiman] 19/2/2013 21:35

Please tell us more. It needs institutions to take action.PIs can do little IMHO.Or do you mean radical action by management?Hopeless bunch of wasters.

[charo] 19/2/2013 16:58

there is a solution to this problem but needs radical action.

[choppa] 16/2/2013 08:17

No news from this dog then. What a surprise...

[meijiman] 15/2/2013 09:40

If you had to pick a company that was the worst managed in the UK you would have plenty of choices. Two spring to mind -this one and Elektron. Warren Buffet is still doing deals in his 80s. Wouldn't it be fine and dandy if Mr Anderson were to be parachuted in here to run the company. I shall put this idea to Henderson who had forgotten they owned this one. They are very shocked by the lack of action here to restructure and sort out this mess.

[redips2] 13/2/2013 16:20

I reckon he is still buying---brave or mad.

[meijiman] 05/2/2013 22:00

Indeed. Where is the stock coming from? normally with a big buyer in the market you might expect the share price to rise. However in the complete absence of any news investors are chosing to fear the worst. I think the company has been ill advised in this policy of non-communication. Maybe things are truly dire. Equally Mr Anderson may be convinced that things are not so bad. However the market is usually more right than wrong.

[pvb] 05/2/2013 20:44

Yet he is still buying.....

[meijiman] 05/2/2013 14:04

when they return from the pub (circa 3-30pm)they will have noted another fall in the share price
perhaps this is part of a cunning strategy to take the company private.
I think I must inform Henderson that their 'investment ' is now almost worthless.
It is probably too small to be noticed in the fund management department.
Poor Mr Anderson must be crying into his slippers..........

[diku] 04/2/2013 19:34

The 3 musketeers!!......

[meijiman] 04/2/2013 19:06

I would be delighted if he took over as CEO. Got to be an improvement on the present one who seems to have adopted the stance of an ostrich. Place head in sand and hope. It won't work this company needs to be run by someone with a plan and a strategy. hopefully the chairman,CEO and FD are all drinking in the last chance saloon having frittered away this company,s good name by ineptitude and inertia.

[redips2] 04/2/2013 18:52

i only wish i knew ,i just hope this 80 yr old is as canny as mr buffett--- another 80 yr old.

[choppa] 04/2/2013 18:24

Another RNS with Anderson increasing his holding to 6%. What do we think people?

[hastings] 03/2/2013 19:00

Electronica,
It should be interesting to see where these two are further down the line. Remember, I don't have an interest here and like you do not possess a crystal ball. We could argue over fundamentals and poor management till kingdom come and still not agree, I guess that is what is so good about these forums etc.
So,let's see what transpires here and maybe resume the debate when one or more of these two actually turn it around, although perhaps we shouldn't hold our breath!!

[rahuketu] 03/2/2013 18:23

look peeps, I just want to make sure I am responsible for all the shorters that burn hard. I further want EK to have a heart attack on his SL buring out. It's only fair :)

Bulls keep quite let the shorters & bods do the moaning for now, when the time is right most will double up on the buying..... easy no brainer.....


obviously, busy lining up new bulls...

no remorse for any mug caught short they were all warned:-

[electronica] 03/2/2013 18:17

hastings

"EKT, on the other hand despite managements apparent self interests, remains profitable"

Read Friday's RNS - the 2nd half will turn in a massive loss - more than wiping out the reduced profit in the 1st Half. Current trading is abyssmal & debt is shooting up through the ceiling.

[hastings] 03/2/2013 17:53

Electronica. Gave up the smoking many moons back. But on a serious note, I don't hold either, though confess to keeping an eye on both. I note that your confidence in the turnaround at MRX is such that you decided to exit. The problem here, is that the new broom has failed to turn this around and has actually seen debt rise after going through a lengthy process of restructuring it's commitments to the banks, which was to put it on a firmer footing. Fact is it remains in a sorry old mess, which may or may not be turned around. EKT, on the other hand despite managements apparent self interests, remains profitable and is rather more sound than MRX, where interest cover is at a record low.

[electronica] 03/2/2013 17:29

hastings

MRX in a worse mess than EKT? What are you smoking?

EKT are in terminal decline, bur MRX can trade themselves out of their mess once they rid themselves of the dead wood in the consumer goods division.

The engineering businesses are a profitable core operation with growth prospects - but I don't see a quick turnaround under the current regime so I exited (at a very small profit) over the last month. Will keep on watching MRX though.

[hastings] 03/2/2013 16:59

I wouldn't go as far to say that Henderson is so docile! Mind you if you want someone to shake this shower up you need to call for the Bird! As for EKT, I agree with the Saint, not in the mess that MRX has found itself, but certainly frustrating for retail holders.

[simon templar qc] 31/1/2013 16:38

m

Henderson is not the larest Holder of Elektron a J0hhn Kinder! You are right about the board of Elektron albet if it was up to me I would be inclined to remove the lot. However the fundamentals are better at EKT no pension deficit to worry about an some of subsidiares should show good margins going forward.

[meijiman] 31/1/2013 09:27

I assume you are one of the regular posters on the Elektron board-one I read with interest though don't fortunately own the shares.
Here we have a spineless Chairman; a ceo who has palbably failed and a distracted FD, plus two non-execs who are merely there to pick up the money on offer and not rock the boat. There should be a wholesale clearout of these deadlegs. One other point to note is that the main holder is Henderson which is bad news as this is one of the sleepiest of the larger investment houses. Now if we had Blackrock or Schroders on the register then you might be assured that there was plenty going on behind the scenes to try and get things on track.
Ironically this is the opposite to Elektron which is run by an all powerful Chairman who controls not only the rest of the Board but also the other principal shareholders.
It rather reminds me of Tolstoy's view of unhappy families...............

[simon templar qc] 30/1/2013 20:37

Loss of contract at Morrison

Interim loss and borrowing higher plus pension deficit dont bode well. I don't like to see anyone lose money but the interim statement didn't raise any real hope that things would improve the send half.

Market collapse in share price suggests market is pricing in more gloom.

[maltatrader] 30/1/2013 08:00

quite worrying that Thomas Anderson is not adding at the current low price