Molins Share Discussion Threads

[coolen] 14/5/2015 21:45

Looks like a seller of 75,000 was cleared and the buyer has been a goer-on in lots of 25/-, followed each time he deals by a string of small retail buyers.

No truly large business displayed for days.

Maybe a "recovery" type fund taking a punt with a view to reviving historic bid rumours or aiming to try a "Menzies (MNZS)"-type operation.

Molins is vulnerable to both.

[alan@bj] 14/5/2015 12:56

Nice rise here today. Anyone have any ideas why?

[meijiman] 27/4/2015 13:50

The ED note suggests the shares are cheap v peer group. Yes they are for a reason. I don't think anyone really believes what this management team says -story here is one of decent outlook statements followed by a profits warning. I do think though that the pension deficit issue is now less of a problem.

[brummy_git] 27/4/2015 13:24

New investor report released today from Equity development.

hxxp://www.equitydevelopment.co.uk/doc/1349.pdf

[prop_joe] 10/4/2015 10:17

Alan,
thanks for your comments - that is good to know.
Regards

[alan@bj] 10/4/2015 09:25

I was just wondering the other day whether Avril P-B would continue in her role at Molins, given her latest big commitment with BCA. I used to know Phil Moorhouse when he was with Northgate. He's very capable.

[prop_joe] 09/3/2015 09:44

CT,
IMV when interest rates move up there should be a net benefit to Molins net asset position as the discount rate (interest rate) used to calculate the present value of the aggregate expected future pension payments will be higher. Higher interest rates would of course reduce the value of the pension fund's investments in bonds but, because the pension obligations stretch a long way into the future, the impact on the liability side of the equation would be greater (and in any case Molins only invest a portion of the scheme's assets in bonds).

The deficit for IFRS accounting purposes is £20.6m but the deficit using the actuarial basis of calculation is £53m. The main difference between the 2 methods is that IFRS uses the corporate bond rate as the discount rate whereas the actuarial method uses the gilt rate. Corporate bonds have higher interest rates than gilts (because of the higher risk) so the actuarial calculation results in a higher deficit. Simples! (or rather nothing to do with pension funds is straightforward!)

[castleford tiger] 28/2/2015 14:37

So when interests rates start to move up it helps MOLINS?

Pensions not my area but I thought we were paying 1.7 for 17 years to clear off a 53 deficit?
So is it reducing?

Pension issue aside the company looks like it will have another tough year but I remain hopefull we are turning the corner.
tiger

[pugugly] 25/2/2015 13:39

Yet another company working for the benefit of the pension fund.

market cap significantly less than the defict on the schemes.

"The IAS 19 valuation of the UK scheme resulted in a net deficit at the end of the year of GBP14.1m (2013: GBP2.5m), before tax. The value of the scheme's assets at 31 December 2014 was GBP347.9m (2013: GBP337.9m) and the value of the scheme's liabilities was GBP362.0m (2013: GBP340.4m). The accounting valuations of the USA pension schemes showed an aggregated net deficit of GBP6.5m (2013: GBP3.1m), all amounts being before tax, with total assets of GBP15.4m (2013: GBP14.3m). The main cause of the increases in the valuation of the liabilities was the reduction in the discount rates, reflecting lower interest rates at the year end compared with twelve months previously"

Does not seem to be much left for the shareholders or potential sahreholders. .

[tintin82] 25/2/2015 13:09

Not good reading. I have kept an eye on this one since exiting back in Oct after the trading update. Now the decline looks pretty terminal so taking this one off the watch list. GLA

[alan@bj] 25/2/2015 10:12

What happened to the surplus property they were hoping to sell? Was I dreaming about that?

[meijiman] 25/2/2015 09:40

These deadlegs should be shown the door

[essential] 20/2/2015 17:49

Flatlining.......

[essential] 18/2/2015 19:14

Final results due the end of the month?

[castleford tiger] 02/2/2015 17:35

closed cannot buy.

[mrx9000] 01/2/2015 13:47

It would be nice to see some execs buying at this level...

[meijiman] 28/1/2015 09:56

on the up again this morning. I must do some DD -not even sure when the next results are. Had put these to one side after the last profits warning.

[essential] 27/1/2015 19:54

Not sure but technically suddenly looks strong. RSI crossed 50 and price broke 50dma. Interesting

[nehpets81] 27/1/2015 15:51

Indeed, it is up more so far in one day than it has been all year - is something afoot?

[meijiman] 27/1/2015 14:19

it lives.......

[castleford tiger] 17/10/2014 18:41

And I thought I had bought well at 50p ......with a 5p divi a 10% yield.

Well lets see but cannot see it falling much further.

tiger

[onjohn] 15/10/2014 18:17

Hey Tiger,

Intraday low in 2010 was 30-something pence a share and we also had destocking to hit results

[castleford tiger] 15/10/2014 16:44

What you basing 30p on ONjohn?

Tiger

[onjohn] 15/10/2014 15:38

HITTING THE FAN

[onjohn] 15/10/2014 15:19

Anyone got any thoughts regarding this hammering?

Apart from collapsing tobacoo sales. Could it go bust?

Im tempted to top up if it gets to 30p