Molins Share Discussion Threads

[capercaillie] 29/8/2014 08:12

I hope that you are correct. The market never likes surprises and there may be an element of suspicion as this is first report since joining AIM.Obviously the deferment does not help as trading already heavily weighted to second half

[castleford tiger] 29/8/2014 07:46

you all have this wrong.
I bought a further 40 k yesterday between 134 and 140p.

The 7 million sales shortfall was a delayed order into 2nd half. The product was made so inventory increase contained the missing cash.
This will still make circa 18p eps this year.

Yield is 3.5%.

Not the time to sell.

Anyway been here since 50p days but took a few out high 190`s.

My target uplift this next 12 months is back to 180/200p giving me 25% plus 3.5% dividend.

Happy with that.

[capercaillie] 28/8/2014 21:27

Hands up - I didn't see this one coming. As previous post states, the cash surplus has disappeared quickly. At least the dividend ( uncovered ) is some support. When the machinery division refers to 'deferred' orders,is this deferred or cancelled?

[zoolook] 28/8/2014 10:43

"Management expectations" weren't well communicated if the
market
response is to shave off 10+%.

No position and relieved I sold out a few months ago.

[al101uk] 28/8/2014 09:30

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.

[brummy_git] 28/8/2014 08:55

Updated financials from Equity Development this morning

hxxp://www.equitydevelopment.co.uk/doc/1242.pdf

[alan@bj] 28/8/2014 08:32

Yes, that June analyst's report wasn't worth the paper it was
written on.

[hippo] 28/8/2014 08:15

Well not a good first half. Revenues down over 15%.

[coolen] 26/8/2014 22:37

Chart does not impress ! As I previously opined, this company is
such a depressing hold, despite its continuing cheap rating.

I remain a holder from donkeys years ago: any technical view
presently ?

[alan@bj] 26/8/2014 09:34

Of course, we'll just get the Interim Results in a couple of days, and this business's performance is usually second-half weighted.

[alan@bj] 26/8/2014 09:30

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.

[capercaillie] 24/8/2014 08:44

hxxp://www.cerulean.com/product-services/smoking-machines/e-cigarette-testing

At least they have recognised this change in the market and are attemptinng to cater for it.

[buywell2] 23/8/2014 08:39

One would imagine that the rise of the e cigarette is going to hurt this company

[capercaillie] 22/8/2014 19:39

Any forecast for next week?

[capercaillie] 11/8/2014 18:57

Results due 28th Aug

[soulboy1] 11/8/2014 17:21

If you could be botherered to look at the "Recent News" box above, then you will see thatthey moved to AIM on 19th June.

[coolen] 11/8/2014 15:44

Market Segment above shows as "AMQ1" so I'm guessing it has happened. If so, now eligible for IHT Tax relief.

[123prezzie] 11/8/2014 09:11

I thought MLIN was moving to AIM. Any comments?

[alan@bj] 07/6/2014 07:25

Re post 205 - it's reported today that in Australia, which 18 months ago required very graphic images of the health problems caused by smoking to be displayed on cigarette packets, 60 million more cigarettes have been sold, a 0.3% increase.

[scruffee] 05/6/2014 10:39

Hybridan Small Cap Wrap
5 Jun 2014 09:05
, AVCT, BGO, BVM, CGNR, EKF, MAGP, MDZ, MLIN, PROX, RCI, SCL, STAR

[zastas] 29/5/2014 08:53

Alan,

That's where L2 access is occasionally useful. Sometimes tiny amounts -as low as 20 shares - trade. Yesterday it was about 200 at 187. But why anyone sells or buys 200 shares at 187 with 177-182 spread for NMS of 2500 , is beyond me.

[alan@bj] 29/5/2014 08:24

I don't understand the past couple of days share "movements" shown on ADVFN. Yesterday they indicate the price was up 8p when the Bid hadn't moved at all, and right now the share price is supposed to be down 11p when the Bid is actually down 2p.