Share Name Share Symbol Market Type Share ISIN Share Description
Molins Plc LSE:MLIN London Ordinary Share GB0005991111 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -0.35% 140.50p 138.00p 143.00p 141.00p 138.50p 141.00p 27,905 16:24:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 80.1 -0.8 -3.3 - 28.33

Molins Share Discussion Threads

Showing 1426 to 1448 of 1450 messages
Chat Pages: 58  57  56  55  54  53  52  51  50  49  48  47  Older
DateSubjectAuthorDiscuss
26/10/2017
13:25
You might be right richjp - maybe hubris on my part. Definitely see outstanding value here & feel 250p a fair target over the next six months or so.
xajorkith
26/10/2017
13:12
I am a long term holder and have been both amazed and delighted by the share price recovery over the last six months and possibly others in the same situation have sold out. Others who bought in at the right time have also seen a very nice return indeed in a short time period so there could be sellers there as well. I think it's a bit early to talk about 250P as I think much will depend on what acquisitions they make. For the moment I am staying in and hope to continue to ride my good fortune with this one.
richjp
26/10/2017
07:41
Not sure much stock is about at this level. Struggled to buy 10k this morning.
wilsonst1
25/10/2017
19:01
Strange to see this suddenly drop 5% or so late in the day. Following today's GDP figures, I would have thought the possibility of an imminent rise in interest rates would have been beneficial to the sp, given it's sizeable pension commitments. Either way, this appears a steal valued at little over year end cash & with a new higher growth, higher margin business forecast to deliver eps of over 10p next year. Should be at least 250p imv, although just one of many undervalued companies out there at the moment. Patience required, as someone mentioned elsewhere.....
xajorkith
20/10/2017
17:13
Robinson isn’t a packaging machinery maker, they’re a customer for packaging machinery 🤔
rhomboid
20/10/2017
16:54
ROBINSON PLC ?
castleford tiger
11/9/2017
12:04
Tipped by ST in the IC, again which obviously explains the jump at 12pm
mirabeau
08/9/2017
11:01
Molins PLC results webinar: 7th September 2017 In case you missed it live yesterday, here is a recording of the Molins PLC management presenting their interim results at Equity Development’s offices. https://www.equitydevelopment.co.uk/webinars/?d=%3D%3DgNzMjM
edmonda
08/9/2017
08:57
40% top line growth, plus £22m cash pile Molins is a technology-led service provider of high speed packaging equipment and machinery with circa 300 employees. The group comprises two complementary subsidiaries: the largest, Langen (c. 75%-80% revenues) is a designer & manufacturer of cartoning machines, case packers, end-of-line and robotic packaging solutions, as well as a provider of turnkey projects involving design/integration of packaging systems. By refocusing solely on packaging machinery, the group this morning posted impressive growth, with H1 revenues up 40% to £25.2m (vs £18.2m LY), or 29% at constant currency. Driven by standout performances from EMEA (+58% to £9.5m) and AsiaPac (+210% to £5.6m), offset by a slight decline in the Americas (-1% to £10.3m), albeit vs tough comparatives. Better still, proforma net funds, including the above Tobacco proceeds (£27.3m net costs/taxes, and £23.1m post a £2.7m UK pension contribution with £1.5m held in escrow), ended the period at £22m (or 109p/share). With another £5.9m scheduled to come in by November after June’s disposal of a property in Canada. With regards to M&A, the Board are actively seeking for complementary and value accretive targets. Ideally comprising specialist know-how and/or solutions capability, within Primary (ie touching product) and Secondary (outer-layer) Packaging covering the rapidly expanding Pharma, Healthcare, FMCG and Beverage sectors. Despite a spectacular recent rerating of the shares, our sum-of-the-parts remains unchanged at 180p/share. This is based on a range of industry multiples, a 12% discount rate and assuming corporate overheads (incl PPF levy) are streamlined if suitable acquisitions are not made. https://www.equitydevelopment.co.uk/edreader/?d=%3D%3DANzMjM
edmonda
07/9/2017
17:13
That said a bit stingy not paying a dividend.
thevaluehunter
07/9/2017
16:51
Reckon they will have more net cash than the market cap once the cash from the property and tobacco disposal is received. Also pleasing to see the pension move to an asset position of £4.5m from liability in the first half.
thevaluehunter
31/8/2017
13:24
Molins PLC interim results webinar 7th September 2017, 13:00 The managers of Molins (AIM:MLIN), an international business providing high performance machinery and instrumentation, as well as services and support for the production, packaging and analysis of consumer products, invite you to a presentation of their interim results. Tony Steels, Chief Executive Officer will give a presentation lasting approximately 30 mins and there will then be an opportunity for Q&A. If you would like to join please register now: Register here: https://attendee.gotowebinar.com/register/9064926198670565635 After registering, you will receive a confirmation email containing information about joining the webinar. If you would like to submit any questions for management ahead of the meeting please send them to justin@equitydevelopment.co.uk
edmonda
16/8/2017
17:24
I hold a lot of MLIN (+ CAR AIEA HYNS) as I believe their pension fund issues are creating meaningful undervaluation which will unwind over time as QE itself eases. The end result will be a rerating of these businesses edited to add today's move may be planning related on their surplus Berkshire land ?
rhomboid
16/8/2017
16:28
I had a very interesting conversation with David Cowen, FD of Molins (LON:MLIN), yesterday. For as readers may recall I have begun seriously to doubt the widespread reports that company after company is insolvent because of deficits in their pension funds. I am certainly not an actuary but in essence computation of a surplus or deficit depends upon a number of factors. They are: life expectancy, the rate of inflation to be expected, the yield and capital gains to be expected from the portfolio and, above all, the cost of annuities to guarantee the payment of a pension. This last figure depends upon the yield on gilts where, as I think readers will agree, an entirely absurd state of affairs obtains as a result of Quantitative Easing. Surely, QE will cease and a yield of the order of 4 or 5% p.a. will apply. Therefore it is wise for the authorities to give a revised and higher yield for gilts to allow pension fund trustees to behave sensibly. Believe me the reduction in the pension fund liabilities to pay/purchase gilts if interest rates are higher is staggering. Take MLIN itself: The liabilities are circa £300m (which should be contrasted with tangible net asset value of the order of £15m or 75p per share) reduces by £2.5m for each tenth of a per cent gilts yields rise. So a 1% rise means £25m off the liabilities figure. It does not take a great deal of imagination to see that MLIN’s pension fund could shortly be massively in surplus. tiger
castleford tiger
16/8/2017
16:25
What is more interesting is the note on pension schemes Here it is disclosed that at the end of 2015 the value of the fund was £346.9m as against the actuarily computed liability of £336.3m. That surplus of £10.6m would be subject to tax if it could be credited to profit and loss account. But, even so, it’s a lot in relation to Molins and a remarkable improvement upon figures arrived at in 2012. tiger
castleford tiger
16/8/2017
16:20
Total rubbish in my opinion. Market cap is 31.7m as you say and cash will be slightly over 30 but hey you want to talk about the pension. An agreed figure is being paid into the pot each year. Its not stopped dividends being paid before or again. An agreed amount was paid to the pension from the sale. As soon as interest rates move north the pension issue can resolve itself. I think you are being too harsh and clearly the market does not agree. tiger
castleford tiger
16/8/2017
15:27
I don't think it's true that the market isn't 'valuing' the company. You are assuming the market places a valuation on the pension fund which is the same as it's balance sheet value. The market cap of Molins is £31.7m (at 157p). Proforma cash is £29.8m. So it looks like the market is only valuing the company at £1.9m. However that's all trivial compared to a pension fund which, approximately fully funded, has assets and liabilities each of around £420m. Apply a 5-10% discount to the asset values (like most investment trusts) and suddenly the market looks like it's valuing the Molins business at £23-44m. No one will ever acquire Molins and it's long term ability to pay dividends will always be restrained by the performance of it's pension fund.
stemis
16/8/2017
14:02
its moving north because. market cap will be fully covered by net cash once the property sale goes through. There is no value in the company. Shares should be over 200p and then lets see what the company can make. tiger
castleford tiger
16/8/2017
13:26
I don't think that pension fund surpluses can be treated as assets, but I think the relevance is that when there is a surplus it means that the company does not have to put money aside from current profits to beef up the pension fund. A nice movement today but there does not seem to be any news.
richjp
08/8/2017
20:26
Pension surpluses should not be treated as assets AFAIK
dan_the_epic
08/8/2017
08:34
Wow, this is an investment fund masquerading as a packaging company...
stemis
08/8/2017
07:24
Yes there is that but as and when interest rates turn it could become an asset. Either way a 50 m t/o company that should make 2 million a year valued at nothing? Crazy tiger
castleford tiger
07/8/2017
20:54
Pension deficit?
dan_the_epic
Chat Pages: 58  57  56  55  54  53  52  51  50  49  48  47  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20171118 08:22:35