Molins Dividends - MLIN

Molins Dividends - MLIN

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Molins MLIN London Ordinary Share GB0005991111 ORD 25P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
0.00 0.0% 157.00 0.00 0.00 0.00 157.00 01:00:00
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Molins MLIN Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

rhomboid: I've bought a slice this morning as I think the penny hasn't dropped yet as to how clever this deal is, obviously the pension trustees are backing mgt to scale up the consumer packaging biz rather than strong arming them over the sale proceeds. After today's rise the remaining business is valued at sub zero even though it's on a fast turnaround track even given its newly increased central overhead allocation. I know the pension scheme is humungous compared to the business but that may yet turn into an asset rather than a sheet anchor on the share price.
simon cawkwell: Gentlemen, I think I am right in commenting that the goodwill in the balance sheet sold today is not identified. But since I always write off goodwill any sort of recovery is a bonus. My guess is that MLIN has reached a blast off moment. After all, the pension fund is well under control and tangible net assets are probably well above the current share price. And the CEO's comments on prospects are very strong. It's hard to see why this stock should sit below 125p. I paid 102p this morning - there just was no stock at the time. Simon Cawkwell
walbrock82: Maturing business Molins is struggling to grow. Revenue is 33% smaller today, then 2004. Market valuation decline by 80% since 2003. Are Molins shares still value for money? Molins management made a recent trading update suggesting the poor results is for last year. Because customers were delaying orders till 2017. The second good news is their pension situation. With the UK Bond Rates (known as the 10-year Gilts) rising. Their assets pay more in cash flow to Molins retirees. The downside to Molins is capital expenditure. Because they haven’t spent big for a long time. Molins asset age in 14 years (is a record), and 60% of their assets meet that age. Their last big spend was in 2003 at £13.6m. Since 2009, Molins average £4m in CAPEX. Don’t be surprised if they spend £10m. On share price, Molins could average 80 pence per share in 18 months. But, don’t be surprised if it falls back to 40 pence because of the markets at all-time highs. For more read:
nick rubens: Wise to wait until next update IMO. Things could get worse on the trading front. I waited with RNO before purchasing today on the improved forecast. It costs more buying on good news and can be difficult to buy in too big a size but it helps you patiently sit on the side when the share price is slipping after a trading warning as in MLIN. I thought MLIN might be cheap at 80p and now it's 52p. However on a very good update I would buy at 80p but on another poor update I wouldn't have them for 52p.
prop_joe: Hi CT, I think it is most important that they maintain a healthy balance of current assets v total liabilities so that they can continue to get good borrowing terms. If the share price drops to 50p I will definitely be buying more. Given current sentiment I think this is a distinct possibility.
buywell2: So you lost quite a bit on your 140p buys tiger & your 50p buys are now just above water level ... soon to go under do you think ? Castleford Tiger 10 Oct'14 - 17:47 - 242 of 318 0 0 Not really true. ST has picked a cracking little company. Whats has changed? We may not make 19.5p EPS this year. But we will again next year. Tell me at close today you can get 5% yield. You are getting over 240p a share in assets. We have no debt. We turn over 5x our market cap a year. Short term share price movements are there to take weak holders out. I started at 50p and my last buys were at 140p. AND I BOUGHT OVER 100K So what will I do Monday? BUY MORE at this special price. Have a great weekend. Tiger Castleford Tiger 12 Oct'14 - 09:25 - 245 of 318 0 0 HYDRUS Cash flow at half way was impacted by an increase in stock due to the delayed order. TINTIN I was not going back 10 months but looking at the 30p fall from 135 to 105 on these numbers. Do you think the company is not worth more than 20 million? The market (which is running scared right now over the whole ) will recover. I take the dips as buying chances selling down when I feel we reach close to fair value. That figure is still over 220p a share ( in my opinion) Tiger
castleford tiger: Not really true. ST has picked a cracking little company. Whats has changed? We may not make 19.5p EPS this year. But we will again next year. Tell me at close today you can get 5% yield. You are getting over 240p a share in assets. We have no debt. We turn over 5x our market cap a year. Short term share price movements are there to take weak holders out. I started at 50p and my last buys were at 140p. AND I BOUGHT OVER 100K So what will I do Monday? BUY MORE at this special price. Have a great weekend. Tiger
al101uk: I was a long term holder, but sold on the move to AIM only to see the share price quickly recover. I was looking to get back in, but I'm far from impressed by the results. The drift from a cash positive position to debt of £0.9 million and the increase in pension deficit in both US and UK are worrying. Cash equivalents also reduced from £14 to £8.5 million. I couldn't find anything in the results to get excited about and even the usual "second half weighted" info contained the caveat about the strength of sterling. It's a shame as I think this company has good management, but I think this one has to come off my watch list. Good luck to those who continue to hold.
alan@bj: This was Equity Development's update in June, when the share price was 177p, so it will be interesting to see how the results compare. Possible forex headwind in 2014 A fortnight ago Bank of England governor Mark Carney surprised the foreign exchange markets by warning that UK interest rates may have to rise towards the end of 2014. In response Sterling spiked against many major currencies. Breaking through the $1.70 barrier (vs $1.57 in 2013) for the first time since October 2008, and also tipping €1.25 (vs €1.18 in 2013) - the highest level for 18 months. No wonder therefore that several international corporations listed in London have already reported that short term profits could be impacted by the translational affect of these forex headwinds. We suspect this might also be the case for Molins - especially given the group generated 91% of its revenues outside of the UK last year. As such we have prudently shaved our 2014 adjusted PBT forecast by £0.3m (or 5%) to £5.5m from £5.8m. The latter being previously at the top end of consensus. That said, we believe this is just the natural ebb and flow of doing business abroad, and think the company will re-adjust in due course. Accordingly we make no change to our 2015-16 PBT numbers, and reiterate our price target of 260p/share. At 177p the stock trades on an undemanding PER of 8.7x, whilst also offering a healthy 3.2% dividend yield.
speedsgh: Molins PLC: Outstanding buying opportunity - HTTP:// Molins has produced an excellent set of 2013 results: LFL turnover was up 13% to £105m, and adjusted PBT up 10% at £5.4m. These results were comfortably ahead of our (and the market's) expectations. The group continues to hold leading global positions in many of its niche markets: its Scientific Services division grew revenue by an impressive 15%, and both the Packaging and the Tobacco Machinery businesses also grew revenue strongly, by over 14% and 10.6% respectively. In our note we argue that this well managed group is seriously undervalued against its quoted peer group. On virtually all sensible financial measures, including EV / EBITDA, EV/EBITA, P/E ratios, or Yield, Molins looks very cheap. Indeed at 170p it is priced at a 50 - 70% discount to its peers on these metrics. With a 12 month price target of 260p, we see 53% potential upside in the share price from current levels.
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