Morse Share Discussion Threads

[pbracken] 15/4/2005 10:29

MOR will likely retest the historical low of 2.5 years ago (intra day 77.5p, close 84.5p, I think). Likely to drift down there over the next few weeks, and then - assuming one accepts that THAT is the trough - begins the long road to recovery.

Other thoughts on this (and ITO) would be well received.

[liquidkid] 14/4/2005 17:55

I stand corrected, saw that Shore Capital already had them as a SELL ages ago.

"Morse (MOR.LN) misses targets in 3Q prompting a large earnings estimate downgrade at Shore Capital. Diagonal was again ahead of plan, but infrastructure business is in poor shape. Morse hints at continued deterioration in the market. Shore rates shares sell, saying while strategy is correct, execution is the key concern"

[pbracken] 14/4/2005 16:53

No sell recs liquid; downgrades are from BUY to HOLD by two mms. That MAY be the prelude to sell recs, but as of now you are factually incorrect, methinks.

Incidentally, tried to BUY 100k ITO @ 46p but every mm told me to F.Off; charming!

Both ITO and MOR are relatively illiquid stocks so one has to be careful; but one can't help but feel that both are solid businesses, likely to survive in their field, and long term should deliver a rate of earnings growth that belies their current market rating. I mean, a 100k invested in ITO today will most probably be worth 350K in 3 year's time (at its peak, by the way, 200,000 shares would have cost you £700K.)

That, in my book, is a half-decent risk/reward equation.

[liquidkid] 14/4/2005 16:29

Commoditisation, disintermediation, consolidation, consultation, deterioration, abruptcorrection
Another day at the office with morse. What they didn't say in the statement is whether they were going to meet earnings expectaions. Broker have followed through with sell recs and lowering estimates anyway. I figure these were pretty low in the first place as there was always going to be a long lead time into the bottom line for the transformation of the business. Still a profit is a profit if they're still going to make one.

[pbracken] 14/4/2005 16:07

Intechnology has fallen in sympathy, but I'm not sure how fair that is: you wouldn't judge Tesco on the performance of Sainsbury, not that ITO is the equivalent of Tesco! But you get my drift.

No point buying MOR until ITO updates next week; that should give a clearer picture of wider market conditions.

But longer term both MOR and ITO have all the charactersitics of great recovery stocks; cash generative, big turnovers, consolidating markets, bombed out share prices.

I'm watching and waiting. The tide will turn. It's just a matter of when you judge, well, when!

[2lb] 14/4/2005 13:25

UK business is in ALL SORTS of trouble.

Expect a "restructuring" over the next couple of months.........

[togglebrush] 14/4/2005 12:07

Trading Statement today, 14th April, and down she goes! Obivously not a good one.

[liquidkid] 13/4/2005 09:01

There's also the possibilty of a trading statement anytime soon (in the next few weeks) worth hanging on for that.

[timtom2] 12/4/2005 20:55

No - still sitting on some and waiting. Just have to wait for the management to extract the value and then begin to move. In the meantime there are divi's.

[foulgerg] 12/4/2005 10:41

Has all the interest here disappeared?

[greg1982] 17/3/2005 16:57

HUGE buys at the end of the day! Hopefully this one'll do well tomorrow!

[greg1982] 07/3/2005 16:49

Why does this one always revert to 108.5 at the end of the day, even if it's up at 16:29?

[foulgerg] 02/3/2005 18:53

Not a bad day today, gained at 3:50 even though there were a lot more sales than buys. MM's obviously think they can sell at higher level. Maybe looks good for future?

[timtom2] 01/3/2005 21:45

It will go above the peak today and stay there - just don't know when. At least there is a divi and they haven't overpaid for acquistions that fit the business.

[greg1982] 01/3/2005 17:18

TT - Cooled off this afternoon, seems to be a lot of support at this price. Hopefully we'll see it start to rise in the next week or so, wish i hadn't gone in this morning when it was at it's peak, but hopefully it'll bounce back and above!

[timtom2] 01/3/2005 13:06

A bit rough this AM but volume nothing to worry about. It may be choppy for a while until the acquistions prove their worth but still a definate hold at these levels.

[greg1982] 01/3/2005 08:31

Just gone long until september, bought in at a price of 120. Price looking quite stable at the moment, hoping for good increases this year. I'm also into HYC, anyone else looking at that one?

[timtom2] 25/2/2005 21:18

Positive comment in the FSL.

[buoycat] 23/2/2005 22:44

10% increase in dividend is a good sign

[togglebrush] 23/2/2005 09:39

Interims posted today ... on first glance they look reasonable

[togglebrush] 18/2/2005 13:31

Daily Telegraph, The Market, 18/02/05

dealers speculated that Microgen, the IT services company, days of independence were over. Morse could be a potential bidder

Microgen rose 6.5p to 74.5
Morse eased 1.5 to 106

[timtom2] 17/2/2005 08:43

Here's hoping, managed to get in in mid 90's so as long as we don't revist that territory I'm happy to wait. MOR look like a company that can execute and from what I have read the integration of the acquisitions is going to plan and they didn't overpay.

[downsize] 16/2/2005 18:24

Yes it looks like that to me also TT2 however, there are also two constricting trading ranges. 95 to 120 and within this range there is 107 to 119.

History says there will be a breakout eitherway within the next couple of weeks and it will move swiftly and quite some way (im no expert but 130 - 180 ish will be close and a little help from TA's wouldn't go amiss). The market cannot decide which way it is to go right now hence the constricting pattern.

The catalyst will be the interims on Feb 24th !

[timtom2] 16/2/2005 08:21

Forgive me if I have it completely wrong but I think there may have been a double bottom in the mid 90's and another around the current price.

[timtom2] 15/2/2005 11:37

blue - I think £1-£1.05 will act as solid support and we are due another bounce.