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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Metnor Grp. | MTG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 22.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 22.00 |
| Top Posts |
|---|
Posted at 13/12/2012 12:43 by pvee 25p for each share held or 1 B-share which have no voting powers, no right to dividend and no market |
Posted at 20/3/2009 01:35 by rainmaker Hi Guys- A delisting will not affect the fundamental value or trading of Metnor one iota.They will still have the same value of assets and the same number of shares etc. The management have to pay you the same dividend per share for your shares as they receive for theirs.I'd call this a technical rather than a fundamental factor that is adversely affecting the share price and creating a fantastic buying opportunity, as there is undoubtably a negative bias against Companies that delist(nobody on this thread would argue with that) and as Safman points out Institutions won't hold the shares and there are accounts such as SIPP that won't permit it.This whole situation is exacerbated by a lack of buyers because of the delisting bias mentioned earlier. I sincerely wish you all the best with your trades regards |
Posted at 10/3/2009 01:33 by rainmaker At the current price of 15p Metnor(MTG) have a market cap of just £2.3mln yet they have net working capital of £15mln or £1 a share(that is liquid assest less ALL liabilities) so they have a quite staggering "Bargain ratio" of 6.5. Plus you get another £6mln of Property Assets and another £6.6mln of Property, Plant and Machinery Fixed Assets thrown in for absolutely nothing. Tell me isn't that a good deal? Isn't that a sufficient margin of safety? regards |
Posted at 06/3/2009 01:45 by rainmaker I note that a couple of years ago Metnor(MTG) were trading at over £4regards |
Posted at 06/3/2009 01:43 by rainmaker A couple of interesting points from the following extracts from their statement, one the Company intend to continue to carry on and operate the business in the same manner so I would expect, conditions allowing, for them to continue to pay shareholders a dividend and secondly, the shares will be tradeable on a matched bargain basis meaning that they will have to be a buyer for your exact number of shares should you wish to sell unless the Company decides to buy back it's own shares for cancellation but obviously you will have to take the price they are offering but you are not obliged to. STRATEGY FOLLOWING THE CANCELLATION "Following the Cancellation, it is the intention of the Board to continue to operate the Group's business in the same manner, and with the same objectives and strategy, as at present. The focus, however, will be on a medium to longer term horizon and will concentrate on realising value from the Company's investments in development properties that have been made over the past two years." "The current economic climate, and in particular the shortage of bank credit in the market as a whole, means that it is likely to take some time before the Company is able to achieve its objectives but without the need to satisfy short term expectations, the Directors believe that they will be able to maximise returns over time." "Following the Cancellation, the Board intends to continue to keep Shareholders informed of the Company's financial and operational performance through regular updates on the Company's website: www.metnor.co.uk." "Finally, the Directors have reviewed the Board structure, as announced on 24 February 2009 when Stephen Rankin assumed the position of Executive Chairman following the departure of the previous Chairman, Peter Cussins. The Board believes that, as the Company will no longer be an AIM company following the Cancellation it will no longer require the services of Non-Executive Directors and Stephen Rankin will accordingly remain as Executive Chairman. The other Executive Directors also intend to continue to serve the Company and to continue to lead its direction." FOLLOWING THE CANCELLATION "Following the Cancellation, there will be no market facility for dealing in the Ordinary Shares and no price will be publicly quoted for the Ordinary Shares. As such, holdings of Ordinary Shares are unlikely to be capable of sale and will be difficult to value. Furthermore, following Cancellation the financial and other publicly available information required under the AIM Rules will be discontinued although the Company intends to continue to provide financial information to its Shareholders via its website." "As and when the Directors believe the Company has the resources to do so, the Company may take advantage of opportunities to buy back its Ordinary Shares. The timing of any purchases cannot be forecast as they would always be dependent upon the circumstances at the time." "The Directors are aware that Shareholders may still wish to acquire or dispose of Ordinary Shares. The Directors intend to make available a new matched bargain service. Under this facility Shareholders or persons wishing to acquire Ordinary Shares will be able to leave an indication with the matched bargain settlement facility provider that they are prepared to buy or sell at an agreed price. In the event that the matched bargain settlement facility provider is able to match that order with an opposite sell or buy instruction, the matched bargain settlement facility provider will contact both parties and then effect the order. Shareholders will need to have their own broker and will need to register with the matched bargain settlement facility provider as a new client. This can take some time to process and therefore Shareholders who consider they are likely to avail themselves of this facility are encouraged to commence it at the earliest opportunity. The contact details of the matched bargain settlement facility provider, once arranged, will be made available to Shareholders on the Company's website at www.metnor.co.uk and directly by letter or e-mail where appropriate." regards |
Posted at 26/8/2008 10:15 by dumbarton2 With construction/propert |
Posted at 13/4/2007 13:56 by davebowler MONDAY APRIL 16Metnor Group PLC said in December that, in addition to the disposals, all its other business divisions were trading significantly above management expectations. The board predicted year to December 2006 pretax profits of not less than 6.6 mln stg, significantly exceeding the consensus market forecast and up from 5.0 mln in 2005. After accounting for the exceptional profit made on the sale of Metnor Galvanizing, the group anticipated pretax profits of 10.0 mln stg-plus. The clean pretax figure would throw up EPS of 27.0 pence against 24.4 previously, from which a 10.1 pence (9.4) dividend total is anticipated. Meanwhile, disposals achieved this year give Metnor a significantly strengthened balance sheet and a strong foundation to grow rapidly its healthcare and education businesses. |
Posted at 16/2/2007 06:51 by energyi (The Twin Towers)FNM- Fannie Mae. : 1899 .. FRE- Freddie Mac : 5744 .. FNM- Amer.Home Mortgage : 1610329 (The Gang) AHM- Amer.Home Mortgage : 1610329 .. CFC- Countrywide Fin'l. : 1426 .. FMT- Fremont Gen'l Corp : 2087 .. HBC- HSBC Holdings Plc. : 151595 .. HRB- H&R Block, Inc.... : 863 .. IMH- Impac Mtg. Hldgs.. : 51541 .. LEND Accredited Hm.Lend : 1370604 .. MTG- MGIC Inv. Corp.... : 7919 .. NDE- IndyMac Bancorp... : 112954 .. NEW- New Century Fin'l. : 1835542 .. NFI- Novastar Financial : 44864 .. PMI- The PMI Group, Inc : 14481 .. RDN- Radian Group Inc.. : 149364 .. |
Posted at 09/1/2007 13:37 by qs9 What are direct sector comparable companies please? It would be useful to know if MTG is market rated or at a discount (on the growth in the forecasts above it looks cracking value, but always useful to get some benchmarks from peer group).Thanks |
Posted at 12/12/2006 07:57 by allstar4eva Either MTG is unbelievably cheap or I'm missing something.Current year PE under 11, Strong growth and a over 25% of market cap in cash! |
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