We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Morse | MOR | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
51.00 | 51.00 |
Top Posts |
---|
Posted at 25/5/2010 08:44 by redleafboy Anyone with any ideas about how long we have still got to wait for the conclusion here at MOR? |
Posted at 26/4/2010 20:10 by redleafboy "Can another bidder come in at a higher price?"For sure Enami....there have always been a few [and not just one] potential bidders for MOR....so why not? |
Posted at 25/4/2010 08:00 by redleafboy MOR get a very decent mention in yesterdays FTwww.ft.com April 24, 2010 Takeover approach gives lift to Morse Morse , the IT services group, jumped 16.4 per cent to 48p after saying it was...held peer that was also said to have been behind the 25p a share approach Morse rejected last year........ By Bryce Elder and Neil Hume |
Posted at 23/4/2010 10:01 by redleafboy Reckon a take over war is absolutely right topyenoh. A good choice of words imho.As DPOINT states 70p to 80p represents much fairer value for MOR |
Posted at 10/2/2010 18:30 by chillwill Hmm, generally companies with cash piles are good takeover targets and with MOR having around 25% of their market cap as cold hard cash it fits the bill.But then again, I'd want a decent price for my shares as the company makes £4.1 million before adjustments at the interims with MCAP of 55m. Agree with Robbie Burns (posted on his site today), 55-60p is fair value... maybe more with a bid rumour & strong markets, although we may have to wait a while to see the return of those... hopefully with the ftse 100 being volatile people will start looking down the chain at the value and not speculation. wcjan... agreed on the margins, they could do with some work, although they're actually above the ftse sectore according to the times online (on previous results) |
Posted at 17/12/2009 12:15 by sandbank MICKIEBLUE: MOR Who is offering 55p? Morse may say they want more than 55p per share for the company - but asking for it is not the same as getting it - particularly as all negotiations were halted a couple of months back and have not resumed. |
Posted at 11/9/2009 09:30 by debbie shields Thanks toby tots ~ here is the link to the Times article on MOR....Morse This year's anniversary, the tenth, of Morse's stock market debut is something that its investors might wish to ignore. Apart from a short-lived surge during the dot-com boom, shares in the IT consultancy have largely gone one way from its 250p issue price. Over that time, the company has been through numerous chief executives and frequent revisions of strategy - evolving from a pure reseller of IT hardware to a management consultant, a provider of school computers, and, through its acquisition of Diagonal, an installer of SAP software. But investors might breathe a sigh of relief, not only that Morse's shares have bounced sixfold from December's 5p low, but also at the stability brought to date by a new chief executive and finance director. The management consultancy divisions have been sold, leaving Morse focused on project implementation in the UK, Ireland and Spain. Yesterday's full-year results showed that, after a dire first nine months, profits rebounded strongly in the fourth quarter. Further, borrowings of £8.9 million last year have turned into net cash of £12.7 million. Corporate IT spending remains subdued, and subject to delays. But last month's abortive bid approach indicates that Morse's recovery potential has not gone unnoticed. At 31p, or six times earnings, this is a "speculative buy". |
Posted at 09/9/2009 08:05 by debbie shields Apart from the FINAL RESULTS from MOR....another RNS....re: Morse Management Consulting SaS TIDMMOR RNS Number : 7377Y Morse PLC 09 September 2009 ? 9 September 2009 Morse plc Morse Management Consulting SaS Morse plc ("Morse"), the IT services and technology company, announces that on 8 September 2009 it exchanged contracts for the sale of its majority shareholding in Morse Management Consulting SaS ("Morse France") to Yen Bay Partners, an entity owned by the current management of Morse France, Daniel Berlioz and Cyril Ferrieu.As such, the transaction is classified under the Listing Rules as a related party transaction and is therefore subject to, and conditional upon, the approval of the Morse's shareholders. Morse France is the only remaining part of the Investment Management Consulting business ("IMC", formerly known as CSTIM) which is classified as discontinued operations of Morse in the results for the year ended 30 June 2009 which are issued today. Morse France provides management consultancy services to the financial services sector. The Board of Morse has already announced that the IMC business is not core to the activities of the Group and has closed or sold its other sub-divisions. The disposal of Morse France will allow Morse to maintain its focus on the revised operational structure. The cash consideration of the sale is EUR150,000 (GBP131,000) which Morse will use for general corporate purposes. The gross assets being disposed of are GBP757,000, net assets of GBP161,000 and for the year ended 30 June 2009 the loss after tax attributable to the assets being disposed was GBP45,000. A circular will be sent to shareholders shortly, explaining the transaction in more detail and convening a General Meeting at which a resolution seeking shareholder approval for the sale will be proposed.The directors of Morse believe that the sale is in the best interests of Morse shareholders and they will be recommending that shareholders vote in favour of the resolution. Enquiries: +------------------- | Morse plc | Tel: 020 8380 8000 | +------------------- | Mike Phillips, Chief Executive Officer | | +------------------- | Guy Millward, Group Finance Director | | +------------------- | | | +------------------- | Financial Dynamics | Tel: 020 7831 3113 | +------------------- | Giles Sanderson | | +------------------- | Haya Herbert-Burns | | +------------------- This information is provided by RNS The company news service from the London Stock Exchange |
Posted at 08/7/2009 13:45 by flyingswan RNS Number : 3377V Morse PLC 08 July 2009 8 July 2009 Morse plc ("Morse" or "the Company") Statement re Media Speculation The Board of Morse plc (LSE: MOR) notes the recent media speculation and confirms that it has received preliminary approaches at 25 pence per share which the Board believes significantly undervalues the Company. These preliminary approaches may or may not lead to an offer being made for the Company. There can be no certainty that an offer will be made. Morse plc will be issuing a pre-close trading update tomorrow (9 July 2009) ahead of its preliminary announcement of results for the year-ended 30 June 2009 which is scheduled for 9 September 2009. In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Morse confirms that it has 129,867,538 ordinary shares of 12.27 pence each in issue (of which 82 ordinary shares are not listed). The International Securities Identification Number for the Morse ordinary shares is GB00B288B731. Enquiries |
Posted at 07/7/2009 12:14 by flyingswan With the positive buzz about Thursday's 9th July trading update, I think we may see the current positive sentiment and forward moment continuing up to Thursday and if the news is as good as expected, perhaps even being revalue to a new higher trading range IMHO. After all Morse MOR used to trade for may year around 150p per share before last years market correction? I think we may see a steady climb back to this trading area. DYORHere is the last RNS again to remind people: RNS Number : 0702V Morse PLC 03 July 2009 3 July 2009 Morse plc Year end cash position Morse plc ("the Group" or "the Company"), the IT services and technology company, provides an update on its year end cash position ahead of a pre-close trading update on 9 July 2009. The Group's cash position at 30 June 2009 was approximately £12.7m and after taking account of Customer Specific Financing the net cash position of the Group was approximately £12m. The updated chart showing the Working Capital Cycle of the Group is available at www.morse.com . The Company currently anticipates that Revenue and Adjusted EBIT* from Continuing Operations for the year ended 30 June 2009 will be towards the upper end of Analyst expectations. Further detail on trading for the year ended 30 June 2009 will be provided on 9 July 2009 and in the preliminary results for the year which will be issued on 9 September 2009 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions