Morgan Advanced Materials Share Discussion Threads

[time_traveller] 29/6/2021 21:02

Tips for Morgan are few and far between, but it gets a buy in Shares magazine. Improving margins, driven by recovery tailwinds. Jefferies sees compelling value and a positive evolution.

[jazz319] 03/6/2021 10:14

Bought at 250p. Should I sell, top slice or let it run? The eternal dilemma for a PI.

[lindowcross] 06/5/2021 11:22

I've been invested since 2009. Sold out in 2016. Realised my error and bought back in 2018. A good, solid company owning specialist knowledge and skills.

[jazz319] 06/5/2021 11:14

You aren't alone TT.

[time_traveller] 06/5/2021 09:49

Just to say the same again from almost two years ago, and brilliantly placed to ride the economic recovery. It seems I'm the only PI aware of this cracking little company; topped up another 10k two days ago, glad I did.

[grabster] 30/7/2020 08:08

"Daily order intake in April and May was down around 30% compared to the prior year. During June and July we have seen this position improve slightly to a 20% decline in order intake year-on-year. Based on these trends we anticipate a continued revenue decline in the third quarter of 2020 versus prior year."


Understandable in the circumstances - but clearly not going to bounce back this year.


"In response to the significant downturn in aerospace demand, and the anticipated long-tail effect of this, the Group have announced the closure of Technical Ceramics ceramic cores manufacturing sites in the UK and North America. We are also closing sites and closing under-utilised production lines in the Thermal Ceramics business to align our capacity to lower industrial and automotive demand and restructuring other roles across the Group to align our cost base to the lower overall demand position.

Overall, this will result in the closure of eight of our manufacturing sites. We regret that this will lead to around 550 job losses ..:"

[time_traveller] 08/11/2019 13:04

Solid performance in a difficult sales environment. Significant T/O potential - holding and might buy more.

[pugugly] 26/2/2019 07:24

Query - Concealed profit warning -
"Looking forward to 2019, we are likely to see slower growth in the key industrial economies in which we participate, and there are several macro-economic and geopolitical uncertainties which could have a significant impact. However, based on our current assessment of business trends and orders, we expect to deliver modest revenue growth in 2019, with efficiency savings delivering benefits to Group headline operating profit.'

[puku] 29/1/2019 12:38

Back in July IChron gave guidance of 24.4 p adj eps and in 25 Jan issue gave Fwd pe of 9.7 at 263 share price Operating profits in 1st half were up 24% so could well beat that.Just started to watch this one, as you say nice and quiet BB. Very tempted.

[elgordo] 09/11/2018 15:28

Hmmmm, I should have checked the data at source. FY 2017 results show basic EPS as 37.8p, headline EPS 22.5p. ADVFN, which I used as the source for post 16, shows P/E as 7.23 (so is based on basic EPS), whereas, for example, Hargreaves Lansdown shows 12.23 (based on headline EPS).

I have to admit that I don't know which would be the "usual" P/E to quote.

[spooky] 09/11/2018 14:22

Agree with everything else, but where did you get a PE of 7 from?

[elgordo] 09/11/2018 14:19

Surely the quietest thread for a FTSE250 company? P/E just over 7, yield of 4%, supported by a reassuring trading statement today whilst share price sitting 25% off its 2018 high - seems to me to make it worthy of at least a little more attention.

[thomasthetank1] 09/5/2016 13:12

Read Panmure Gordon & Co's note on MORGAN ADVANCED MATERIALS PL (MGAM), out this morning, by visiting hxxps://www.research-tree.com/company/GB0006027295
"Although the share price has fallen 32% in the past 12 months, we are still struggling to put together a compelling case for investment. We are not hiding behind last Friday’s trading update which was again littered with the word “challenging”; even when things were not challenging between 2012-2014, Morgan struggled to deliver. Essentially, we see nothing special about the new strategy which..."

[petewy] 22/7/2015 13:35

hALF YEAR RESULTS
Group revenue at £469.2 million (H1 2014: £448.4 million) was up 4.6% on a reported basis; revenue was up 3.1% compared to the first half of 2014 with all operating regions achieving revenue growth.
Overall order intake in the first half was solid with a book-to-bill ratio of 1.03x with all three operating regions above 1.00x. The order book at the end of June was 5.7% higher than at the end of June 2014.
group EBITA margin for the first half of the year was 13.0% (H1 2014: 12.6%). There were no one-off or restructuring charges in the first half and hence the Group underlying margin was 13.0% compared to 12.1% last year, up 90 basis points.
Underlying EPS was up 18.9% to 12.6 pence (H1 2014: 10.6 pence).
Net debt at the half-year was £217.1 million (Full-year 2014: £207.0 million). Net debt to EBITDA ratio at the half-year was 1.4x (Full-year 2014: 1.4x).
Interim dividend increased by 2.6% to 4.0 pence per share (2014: Interim 3.9 pence per share).

[petewy] 15/4/2015 12:52

thanks limit up

[limit up] 05/3/2015 17:54

broker has put a share price tgt price of 390p today

[petewy] 05/3/2015 08:36

Nice rise again LU. Why? No big buyers. In profit and just came in for the divi.
CNBC warns me the Yanks are coming. Welcome!! Buy a couple of million and have a nice luke warm 'orrible British cup of tea.
Trades are well down on my Watchlist.

[limit up] 20/2/2015 09:42

on the bid front no other news than that what was turned away before,on the figs the brokers gave it a mixed bag on future tgt share price price ,but i think this co has a niche mkt which is very difficult for others to replicate.

[petewy] 18/2/2015 17:44

Thanks LU. Does it mean that another merger bid like Vesuvius plc is sending the price higher?
Good divi and healthy results has put me back in again.
Last August: "Morgan Advanced Materials has announced a new joint development agreement with The University of Manchester, aimed at scaling up a new process for manufacturing graphene - a one-atom thick carbon allotrope first isolated at the university ten years ago and for which two Nobel Prizes were awarded."
Any news on this?
Hayd has taken off, (Why?) they report next month.

[limit up] 18/2/2015 16:43

bought in here at 240p still here ,i feel they will be bid for ,they were approached 4 months ago and turned them away..there is no other cmpany to compare them with,and they have got rid of the low margin busines which is a big plus for going fwd.
regds

[petewy] 18/2/2015 10:59

Nice rise at 11am.