Mortice Share Discussion Threads

[powereddrones] 19/9/2021 05:24

"Should I overpay my mortgage?

It's a question of whether you save, or whether you overpay your mortgage
---

When you make an overpayment, your lender may offer you two options: either to reduce next month's payment by the amount you've overpaid, or to keep payments the same and reduce your mortgage term instead.

This is something to watch for – if you get it wrong, it means your overpayment won't actually help you out that much. If you get this choice always, always tell your lender you want to reduce the term of your mortgage."

[thechurch333] 30/7/2018 10:39

Looks anomalous, but hardly ever trades. Results will be out soon.

[eentweedrie] 29/7/2018 10:56

Looking undervalued at these lvls.

[mauricemonkey] 01/5/2018 07:28

What’s with all the related party transactions?
I’m no accountant, so apologies if I make a mistake here, looks like they paid $500,000 directly to relatives that work out of a tiny office that is also the address of several other businesses.
hxxps://www.zaubacorp.com/company/MICRO-AZURE-COMPUTERS-PRIVATE-LIMITED/U74899DL1995PTC074335.
Net profit at 1% of revenue.

Lots of red flags here imo.

Disclosure: No position.

[thelondoninvestmentco] 15/2/2018 07:09

What do you mean please?

[molatovkid] 14/2/2018 08:05

Probably small selling, no support and down it goes....

[thelondoninvestmentco] 01/2/2018 23:08

Mortice ceo manjit rajain just got awarded top business leader of asia

[thelondoninvestmentco] 01/2/2018 21:23

Is it to do with the large debt that is due this year?

[thelondoninvestmentco] 01/2/2018 20:29

Whats going on with this stock? Anyone have any ideas?

[paduardo] 01/2/2018 18:47

Something feels wrong here. Don't know what it is. Thoughts anyone?

[thelondoninvestmentco] 11/12/2017 12:33

What is going on with this? The latest half year announcement killed this stock.

[thelondoninvestmentco] 10/11/2017 17:19

On Monday, this PDF will be sent to ALL OF THE TOP asset managers in the UK. Perhaps you guys can also share it on your investing network like Twitter or forums you may be a part of? www.docdroid.net/VTr7AGV/mortice-limited.pdf

[esther1975] 10/11/2017 15:49

Nice tick up today.

[thelondoninvestmentco] 09/11/2017 12:46

It's undervalued and unknown. It's profitable and growing. www.docdroid.net/pYMKecg/mortice-limited.pdf

[esther1975] 07/11/2017 22:28

There was a trading update last October before half year results in dec. I have emailed the company asking whether there is going to be one this year. Will let you know outcome.

[thelondoninvestmentco] 07/11/2017 18:13

Someone needs to write an article on Seeking Alpha or Motely Fool about this company. Just not enough people know about this company.

[esther1975] 07/11/2017 16:54

Looks good value here based on financials. Like stocks with quiet bulletin boards. Nice under the radar stock

[thelondoninvestmentco] 07/11/2017 12:55

Interesting company. Very interesting company indeed.

[jurgenklopp] 06/9/2017 12:43

RNS just out confirming all resolutions passed at the EGM.

This is a little gem that has been completely overlooked over the summer months.

DYOR but there seems to be 40%+ upside just to get back to where it drifted from for no reason.

[jurgenklopp] 06/9/2017 08:41

EGM taking place at the moment in Singapore(as per announcement from 15 August):

Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, announces that it has today posted a circular including a notice to shareholders convening an extraordinary general meeting of the Company ("EGM"). A copy of this circular will be available shortly on the Company's website www.tenonworld.com/mortice.



The purpose of this meeting is, further to the Company's acquisition of Office & General Group Limited ("O&G") announced on 4 August 2015, to approve the off-market buy back of 2,333,100 ordinary shares of no par value from Grae Macintosh Scott and Jonathan Smith, the vendors of O&G, at £1 per share.



The EGM will be held on Thursday 6 September 2017 at 4.00pm (Singapore time) at the Company's registered office: 38 Beach Road, #29-11 South Beach Tower, Singapore 189767.

[jurgenklopp] 04/9/2017 11:45

These have drifted all summer although it would appear that business has been perfectly fine.

A sudden uptick today suggests that hibernation is over.

[jurgenklopp] 24/7/2017 09:20

Finncap update this morning:

'Once again, the group has delivered strong results across its businesses, further demonstrating management’s ability to deliver significant growth through a combination of organic and acquisitive investment. Recent price weakness has resulted in valuation metrics well below market and peer averages, despite a significantly superior growth profile and very high revenue visibility. We retain our 127p price target, implying potential share price upside of 53%.'

[jurgenklopp] 24/7/2017 07:13

Final Results


Strong growth continues to exceed expectations


Mortice Limited (AIM: MORT), the AIM listed security and facilities management company, announces its audited results for the year ended 31 March 2017. In terms of both revenue and profitability the Company is slightly ahead of already upgraded market expectations.


Financial Results Highlights

· Revenues up 36.7% to $181.01m (FY 2016: $133.04m)

o Security services sales up 29% to $98.2m (FY 2016: $76.2m) - 54% of Group revenues (FY 2016: 57%)

o Facilities Management revenues up 45% to $82.5m (FY 2016: $56.8m) - 46% of Group revenues (FY 2016: 43%)

o Geographical revenue mix :

§ India 64% (FY 2016: 75%)

§ UK 31% (FY 2016: 23%)

§ Singapore 5% (FY 2016: 2%)

· EBITDA up 114 % to $10.3 m (FY 2016: $4.8m)

o EBITDA margin of 5.7% (FY 2016: 3.6%) driven by increased revenues, synergies and cost control

· PBT up 232 % to $5.4m (FY 2016: $1.6m)

· Placing in December 2016 raised £2.3m

o Reduced indebtedness and provided balance sheet flexibility to pursue growth opportunities

· Net debt of $13.5m (FY 2016: $14.5m)

[sogoesit] 24/7/2017 06:32

So, twice muted ;-)?
Just trying to find out what this company does....