Molins Share Discussion Threads

[aston girl] 14/2/2012 19:14

Evening all, After months of having MLIN on my watch list I've finally bought in & await the update later this month with interest.
Look forward to informative BB chat with you all over the coming months/ years, AG

[battlebus2] 14/2/2012 17:04

Yes looking rather tasty for results on the 28th!

[s34icknote] 14/2/2012 16:06

A safe haven in choppy waters!

[cockneyrebel] 14/2/2012 16:00

Nearing a major breakout here of that big high.

MM's marking up on 1k buys :-)

CR

[s34icknote] 13/2/2012 15:33

i,m banking on a 50% rise in the div !

[wakeland] 13/2/2012 10:09

Imperial tobacco factory in Nottingham is planning to run an extra weekend shift to keep up with demand thus running 24/7. Don't know if MLIN have any equipment in there or not but it is a positive indicator.

[battlebus2] 12/2/2012 21:16

MLIN)
Main market: General industrials
Share price: 105p
Bid-offer spread: 104-106p
Market capitalisation: £21.2m
Website:
www.molins.com
Molins is a specialist engineering business and one well below the radar of most investors. As a result, the share price has yet to factor in news that the company's profits are on an upward trajectory and with margins on a number of projects expected to show improvement, the underlying performance for the full year has strengthened further.
Currently, two-thirds of sales come from the tobacco industry. Molins specialises in improving the effectiveness of existing customer plant, monitoring and testing product quality and conducting the analysis of cigarette smoke. This is the high-end part of the business and accounted for a quarter of revenues and £0.9m of profit in the first six months of 2011.
The core business remains manufacturing and servicing tobacco processing machinery – an operation that made £1.8m of profit in the same period, although the second half is unlikely to have been as impressive. The remaining third of sales come from supplying packaging machinery to the pharmaceutical and FMCG markets with the aim of improving operational efficiency of plant.
By its nature the business carries a variety of risks, no more so than macro risk as it is highly exposed to a changing economic climate which impacts order visibility and can lead to cancellations. Molins also carries currency risk since only 13 per cent of sales are in the UK and manufacturing facilities are in a number of countries overseas. There is competition in the aftermarket from third-party suppliers, too.
Still, risk warnings aside, there is a lot to like about the company at the current price. First, the shares trade a hefty 58 per cent below book value of 248p a share even though the company was sitting on net cash of £6.3m at the end of June 2011 - the equivalent of 31p a share, or 30 per cent of the current share price. And with last year's underlying operating profits forecast to have risen from £3.7m to £4.1m that cash pile should have swollen further and adds support to a 5p-a-share annual dividend, which is almost three times covered by forecast adjusted EPS of 14.4p.
True, analysts don't expect much in the way of growth in 2012, but yielding 4.8 per cent and rated on a modest 7 times earnings the share price isn't expecting much either. On a bargain rating of 0.50 and priced on less than half book value, the risk is firmly to the upside.

[battlebus2] 12/2/2012 11:35

As he says value will eventually out. It's always been part of my own investment strategy and that's why i've held the vast majority of my shares over five years. Another value share to look at is GLE with the shares trading at 40% discount to book with their results 28th and ranked 4th in I.C. bargain shares on Friday. Oh and R.I.P. Whitney!

[castleford tiger] 11/2/2012 14:26

see posts 580 /620

[castleford tiger] 11/2/2012 14:25

I find it amazing that when i was scooping up all i could at under 50p.!! No-one ever mentioned the 10% plus divi.

I think an increase in the divi is very possible.

Tipped IC again.

tiger

[s34icknote] 10/2/2012 15:18

Trades starting to pick up ahead of results !!

[battlebus2] 10/2/2012 13:58

I believe new highs will be reached after results.

[cockneyrebel] 10/2/2012 13:26

looks hot to trot here battlebus - great volume today too.

CR

[battlebus2] 10/2/2012 08:11

The buying continues here. With an ahead statement and the fabulous dividend i'm expecting these to keep on the upwards path.

[battlebus2] 08/2/2012 20:55

Not long till results on the 28th.

[battlebus2] 06/2/2012 18:44

Great trading again today and a long way to go imv.

[s34icknote] 04/2/2012 15:06

Small stocks rerating at moment. This one will move soon especially if div increases !

[battlebus2] 02/2/2012 19:06

Looks like the mm's are wanting to hold their stock as we are now on a 3p spread :-))

[battlebus2] 01/2/2012 21:08

That'll done nicely.

[s34icknote] 01/2/2012 20:28

i,m expecting 150 by end of march!

[battlebus2] 01/2/2012 18:01

Take it easy s34icknote!!!! Heading all the way to 120 with results.

[s34icknote] 01/2/2012 13:21

Just sold 75 % of my PFD holding now 50 % in mlin.
Glad to be back on solid ground !!!!!

[battlebus2] 31/1/2012 18:12

Schroders adding a little now holding 26%.