Molins Share Discussion Threads

[rogerbridge] 10/2/2009 18:38

My few did not show either. purchased around 8.15 this am.

[mitzis] 10/2/2009 15:36

What more do you expect from £8mill company..?

[snowman10] 10/2/2009 15:04

I bought 30k this am at just under 43p not showing and i bought at 10.00 am.

Follow the tiger

[rogerbridge] 10/2/2009 08:16

Will drip feed here.Just bought 4000 at 42p for my ISA.Also bought a few CTO

[symphonie des grauen] 09/2/2009 22:40

i do like the property deal in dec - cash inflow of around £16.2M deducting certain costs such as tax. molins though get the lease back on the property and rent free for 3 years! what a fantastic deal for molins

cashflow can be used to pay down debts of around £15M and aid working capital


mcap £9M - just silly

[castleford tiger] 09/2/2009 22:17

been buying over the last few months and hold almost 1.5% todate.

look too cheap

tiger

[rogerbridge] 05/2/2009 21:27

any views on this company?

[pugugly] 04/12/2008 08:51

Plus the need to find new factories which will cost in either rent or capital. Still not good value imo (ALS has also noted the fact that this is a pension dog wagging a trading company)

[arthur_lame_stocks] 04/12/2008 07:48

Just the £300m pension fund to worry about.

[ydderf] 04/12/2008 04:40

so after the sale of the property, it has 30m net assets after excluding intangibles, negligable or zero debt, a yield of 12-15%, operating profits of anout 5m and capitalized at 12m, even in these markets that must be a tad cheap......

[buywell2] 23/10/2008 15:40

Red line may get hit as markets hit lows


free stock charts from www.advfn.com

[buywell2] 21/10/2008 16:41

Good point re the pension fund Y

I don't think the FTSE has seen it's low yet and 3500 is again likely

Assuming the Germans do a U turn before 18th Dec deadline, which will be seen as a -ve re the share price I am sure.

There could be a double whammy of bad news coming as the FTSE may well drop to 3500 prior to next results, which could then see circa 30% wiped off the PF value.

Meantime trading conditions I think will only deteriorate from here despite the managements protestations about better second half to come .... any -ve comment by them re trading or profits after their bullish stance of late will NOT go down well ....

'Molins sees 9-mth sales marginally ahead of last year




LONDON (Thomson Financial) - Molins Plc. said sales for the nine months to
Sept. 30 were marginally ahead of last year and that it expects a much stronger
second half, despite the slowdown.
The company, however, said underlying performance is unlikely to be ahead of
the previous year. '

[ydderf] 19/10/2008 12:02

I don't think the German thing is the issue here, rather it is the possible effect of a very large pension fund deficit opening up as the result of the collapse of financial markets......the value of the fund was circa 355m and liabilities were 329m last time it was assessed in 2007, but could now easily be anything from b/even to -50m now.....approxiamtely 161m of the fund was in equities so a 20 per cent decline in the ftse would reduce this by 32m and the bond porfolio of 147m has also surely suffered as has the 44m in property....

[buywell2] 16/10/2008 15:42

The chances of the Germans going ahead does look a bit bleak

If they pull out, assuming DEC is the deadline for an announcement , the share price could react adversely on the day/s following

Chart now seems to be saying followers are gradualy deserting as general market conditions deteriorate and the divi has been banked

[cockneyrebel] 14/10/2008 17:15

You did well lobbing that 45K recently before they tank Frauddy - will you listen to me in future?

Your Cattles have Foot & Mouth - now this. Reckon ze Germans can't raise the cash to buy the land and have bottled out.

CR

[cockneyrebel] 09/10/2008 16:37

Where's Frauddy?

Looks like another of your stocks here going to take a caning Frauddy - chart about to breakdown looking at it - 50p or less then imo.

Just like your GRG and CTT - geeze you don't half pick them!

CR

[ok,yah] 08/9/2008 21:43

Bought some of these on friday for the first time for the income (10%), its backed by assets, and because it should benefit from the weak pound

[damanko] 07/9/2008 17:51

Decent write up in yesterday's IC.

A few points from the article: "A low PE ratio ... massive asset backing.... (?) - including a defined benefit pension scheme surplus .... (The possible land sale) will potentially fund a cash payout to shareholders .... Cazenove expects full-year sales of £93m."

In terms of figures, dividend yield of 9.9% at share price of 76p, PE ratio of 2, net debt of 36%. NAV of 196p. Article concludes that "The shares are an income buy."

In markets like these, I prefer to buy on a monthly basis, this investment (in its current state), ticks a number of boxes - I'm minded to give Molins a try over the next few months.

Just looked at charts going back to 1995, which make for pretty poor reading. Having said that, many will remember shares like Next being available in 1990 for 20 odd pence, the same for ASDA in 1992. Different businesses, different sectors, though similar in that the market was undervaluing them. Any objective comments would be welcomed.

[ydderf] 07/9/2008 05:46

MOLINS goes xd on Wednesday and will pay 2.5p in a month or so, so 2.5p plus (say) 8.5p final plus (say) 3p next years interim, gives a thirteen month yield on 75p (what i have been paying) of nearly 19%..... or you could probably get 11p by May, which equates to 22% annual return, and a mere 19% if the final is held and not increased!

[cockneyrebel] 06/9/2008 11:05

Frauddy Boy - you have used this agrument re MLIN for 3 years at least to my knowledge, possibly 5-6 years.

You may not have noticed fut there is a construction downturn and a credit crunch - businesses are finding it hard to get the cash and reconsidering expanding into a downturn. Yout MKS and DVO were long term investments but you scalped them. Your CTT was supposed to be the same, you either scalped that or you've given back nearly all your gains.

You've bought this down here in th hope you can talk a few into buying and moving the price up from here(as it is so illiquid) then you'll dump the 50K or so that you've bought and leave buyers in the lerch when you destroy the price.

Another down leg or two in these markets yet imo. Meanwhile the directors here will destoy the huge asset value that once was - rather like Inveresk had property assets worth 4 times the mkt cap about 3 years ago - they recently went bust through management inaction.

CR

[ydderf] 06/9/2008 10:38

Crookney you have no ability to think sometimes:

1. The buyer is a Euro based company - in EURO terms the property has dropped 20 in constant gbp already.

2. If they don't sell it, they can develop it (our)selves or let it for income - a 15m asset should produce 1.2m pa (set that against a mcap of 14m)

it isn't a stock for penny scalping my friend, I admit, but the odds are very favourable over the medium term..........

[cockneyrebel] 05/9/2008 20:27

Frauddy Boy - earnings will be carp this year.

As for the assets - they aren't going to get that sold for what they thought - they dithered like they always dither and the value of the land is plummeting - I rec kon it has fallen 30% from a year ago - no way will they sell it at anything like they were in talks to sell it at.

The assets in that monster pension are plummeting - the deficit will start to increase expomentially. These are not going up yet - I might have a nibble at 40p.

CR