Morgan Advanced Materials Share Discussion Threads

[petewy] 18/2/2015 08:39

Results: looking good. I am back in.
Revenue at constant currency increased by 1.8% compared to 2013. Revenue was 3.8% higher in the second half than the first on an organic and constant currency basis

· Order intake for the full year was encouraging. Book-to-bill ratio was 1.02 times with all geographies above 1.00 times and a year-end order book at constant currency circa 9% above that at the end of 2013

· EBITA margin for the full-year increased 40 basis points to 12.8% (2013: 12.4%). The EBITA margin in the second half of 2014 was 13.0%

· Reported results were impacted by a strong sterling against most currencies during 2014. Relative to 2013, the impact of foreign exchange translation was an adverse movement of £52.3 million on revenue and £7.9 million on EBITA

· Cash flow from operations remained strong at £120.0 million (2013: £127.0 million). Net debt at the year end was £207.0 million (2013: £186.5 million). Net debt to EBITDA ratio at the year end was 1.4 times (2013: 1.3 times)

· The Group has booked a £51.9 million charge before tax in the income statement (2013: £12.9 million) in respect of a number of specific adjusting items, details of which are provided below. Due to the nature of these items they are excluded from the underlying profit figures. The cash cost of these items in 2014 was £5.3 million with a further cash cost of £6.6 million expected in 2015

· Proposed final dividend increased to 7.0 pence per share (2013: Final 6.7 pence per share), which would result in a full-year dividend of 10.9 pence (2013: 10.5 pence), a 3.8% increase

[tiptv1] 25/6/2014 13:48

Darren Sinden from Trader Titan Investment Partners discusses Morgan Advanced (MGAM) on Tip TV. Watch :

[scott1978] 19/5/2014 15:58

Well they're laying off 200 hundred people at their Morriston factory in Swansea, even the factory was, I was told by an employee, "booming".

[raju1] 01/4/2014 16:33

why are the shares going up?
any news

[betman] 30/5/2013 21:23

Anyone investing in this ?

[el chupacabra] 11/4/2013 09:24

jezzz, everyone's changing their company names these days!

Morgan Advanced Materials plc is an advanced materials technology company that provides highly engineered solutions to its chosen markets. Morgan Advanced Materials has a global presence with operations in more than 50 countries. From medical instruments, aerospace, power generation and satellite communications, to body armour, trains and fire protection systems, Morgan Advanced Materials products are fundamental components or enabling technologies for many of the modern world's sophisticated products