Morgan Crucible Share Discussion Threads

[amla] 12/11/2008 20:14

Can someone put a chart up with moving averages etc?
I bought in today as I think that this co will do well.
Their debt is manageable and their activities are diverse.They have been in business for many years.
DYOR and LOL

[swans] 12/11/2008 15:42

the rise today is due to the results out which shows the company has met its targets for the year enddisappointed with the fall back though.as i said before the debt is nowhere near the sum mentioned on here

[amla] 12/11/2008 12:28

Nice rise today...chart looks ok to see short term target of 110p IMO.
Could we call this a bounce off a double bottom as well as a response to such a good update?
Broker target of 240p but no time scale as I read it.

[skyship] 12/11/2008 07:54

Well, if the shorters were out yesterday they'll certainly be looking to cover today. Our IMS can only be viewed in a positive light surely....

[skyship] 11/11/2008 10:43

Looks as though we are being hit by the poor IMS from Cookson:

[gnnmartin] 28/10/2008 11:52

Hmmm, Skyship, thanks. You have spurred me into looking at the recent interims, and it is indeed hard to see how ADVFN get to their figure of 433m net debt. Interesting. With a company the size of Morgan C. it will take me weeks to get to feel fairly confident that I understand their accounts. I still have no money to invest, and no intention of selling the few I have, so I may still not get round to looking at the accounts properly. Meanwhile, I'll go back to lurking.
Nigel Martin

[skyship] 28/10/2008 08:31

Closing net borrowings to 30th Jun'08: £226.8m

Of course they took on a lot of debt when they made those two acquisitions across the Pond. Pretty well-timed deals from the currency point of view. If sales & profits hold up then they will now be 25% higher in Sterling terms!

CEO was pretty perky two months ago, so on a PER of 5.1 & a yield of 6.9% - could be time to be back in here.

[gnnmartin] 23/10/2008 16:50

swans, I got it from the 'financials' button at the top of this page. I still haven't looked at the annual report yet. Where did you get the information that they are almost debt free?
Nigel Martin

[swans] 20/10/2008 16:46

gunmartin
not sure where u got the morgan debt of 433million from i think if u check they vitually have no debt at all

[pickph] 20/10/2008 14:11

Sorry Nigel.............

[pickph] 20/10/2008 14:11

Martin.Thanks.....like you i bought at £2.00.

[gnnmartin] 17/10/2008 18:20

I assume it is their net debt of £433m that is spooking the market. I meant to look up the last annual report to see if I can tell if and when it must be re-financed, but having no money to buy, and no intention of selling, I haven't yet got round to checking. I don't hold many, but I bought at 213 thinking they looked good value then. :-(
Nigel Martin

[pickph] 17/10/2008 10:29

Whats happened to the share price....anyone.

[betman] 16/10/2008 15:05

There was a snippet from the FT yesterday of vague rumours of a bid for MGCR. Anyone seen or heard any more info on this ?

[scott1978] 14/10/2008 13:55

The Swansea factory has got so much work that they are TAKING ON temps to try and cope!!

[gnnmartin] 10/10/2008 17:13

Still falling like a stone. :-( I guess it is the £433m net debt that is spooking the market. I must go study the last annual report.
Nigel Martin

[gnnmartin] 29/9/2008 11:07

I'm surprised too. Everything the company has put out so far has been cheerful, and the strengthening of the dollar should be good. I keep looking nervously for the bad news, but I've not found it yet.
Nigel Martin

[jimcar] 25/9/2008 18:48

They do make crucibles (hence the name) for the steel industry which is currently doing badly. I did not think it was a major part of the business anymore but perhaps someone thinks it is a decent excuse for a short anyway. I think that one fund owns a lot of it (Schroders?) so maybe it is that. Who knows in these markets.

[betman] 25/9/2008 17:29

Recent share price performance has been dire and not withstanding the credit crunch debacle MGCR seems to have been unduly punished after good results. Is there something specific in their business behind this or general malaise ?

[pippit] 06/8/2008 18:04

Scott. Your dad was on the ball. Please keep us in touch.

[betman] 02/7/2008 09:35

Quiet board but shares now looking good value. I think this is another great British company that will get a foreign bid like Pilkington, Corus etc

[skyship] 10/3/2008 16:20

"10th Mar'08 - LONDON (Thomson Financial) - Morgan Crucible Co PLC said its chief executive Mark Robertshaw bought 2,000 shares at 200 pence each, lifting his stake in the company to 221,002 shares or 0.082 pct"

It may only be 2000 shares but it speaks volumes in terms of indicator mode; ie everything's OK here, so why are the shares back down to 200p!?

Problem is, no-one will notice - this is an institutional stock, not a PI stock.

[skyship] 04/3/2008 08:18

We had the breakout; now we've had the classic pullback to the breakline - so we should now see progress to that 250p target - though could be a tad higher as it is the falling 200day MA which will provide the resistance:


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