Added this morning |
JohnDoe, I agree, there is no reason at all why this company should be in the line of fire over Trump's antics. |
Looks like a decent buying opp here |
As said above, you can go to the agm. At least you know that you are being treated equally with institutions here. I cant think of any other cos where that is the case. |
Sure, I buy the argument management are getting on and managing the company rather than looking at their Bloomberg screens all day and worrying about investor relations but I suspect that the lack of communication with the market will be a factor accounting for the absence of institutions on the shareholder register. For me this is a net negative given that governance looks pretty light in any event - there are 6 board meetings a year and I noticed that the two independent non-execs only rocked up for 4 of them last year. These two are octogenerians by the way with Lane-Smith having been on the board since 1983! Institutions tend to be better at governance than PI's and ask awkward questions about board remuneration etc among other things. |
Hydrus, as one who has some experience of this subject, the two most important factors are one, to be consistent in communication with shareholders, regular timing, regular style etc, and two, make sure that you do not surprise. The second is hard when making an an annoucement on a major event of course but otherwise is important when doing annual releases. I agree with you that they are good in the areas important to me as well. The fact the market got it wrong at the interims is not their fault. |
If you want to hear from management then the way to do that for MSI is to attend the AGM - open and friendly bunch but in between they just want to get on with their jobs and that's fine by me. |
Yasrub - its not an assertion but it would be a fair conclusion to draw. It is very unusual these days for such little interaction with the market and if it does happen it invariably is driven by a shareholder dominated board, which I guess is the case here. Open to other interpretations however. |
Well, I for one would appreciate an investor presentation. My experience is that no matter how well you think you know the company, at the least, something you didn't properly appreciate, good, bad or both, always emerges when the management stand up and go through a presentation. And have to answer subsequent questions. |
'If the company are complaining the shares are too low they need to take a look at themselves in the mirror.'Is that conjecture or from some kind of sauce as I am not aware of such comments? |
Don't think the company does CMDs or investor presentations - at least I have never seen one and there is no broker research available which does not help. If the company are complaining the shares are too low they need to take a look at themselves in the mirror. My own view is that the Bells aren't interested in what the market thinks and Shore Cap, the shop, take their cue accordingly. Sometimes that can be a positive though. |
That is the main reason I haven't sold. I am hoping that non core (petrol stations, branding, petrol stations) gets divested and it becomes a pure defense play. The other 3 divisions (and associated overheads) have been a negative on the accounts in the last few years and probably make it harder to either sell the business or value it correctly as a defense play. |
There is also the expectation that we'll be hearing about the strategic review some time in the next month. From the HY results -
"Our review of the future strategic priorities of the business is nearly complete and I expect to update shareholders about this before the end of the financial year." |
I agree it can feel a thankless task to understand the contracts being achieved in the defence division. However the flip side is with some effort you can get a feel/understanding and critically if you believe the company is progressing a competitive advantage over the general market. I think it is worth recalling the management shareholding and their recent actions. |
fft, you are right in saying the shares are cheap, but that has always been the case, and was true when I first bought in about three years ago. Since then the shares have moved nicely but I would claim are still too cheap on a p/e of about 11.
There are reasons why the share price lags behind other major defence stocks, being relatively small and with a product base that is limited, but I would claim their speciality is in the growth areas of defence and perhaps they should be at a premium.
Lastly I thought the last interim statement was highly positive but the market shied away because for the half year some larger contracts were not concluded and the profit was temporarily down. Definitely a buy! |
Must be the only defence company that has made no progress in the last few months. Other companies release info, so can't see why they don't - and then they complain the share price is too low !! First thing, they need to get some broker reports out there. However, they never seem to have listened to investors. The UK gifted paladin to the Ukrainians 2 years ago. We never hear anything about that. Any follow up orders ? Presumably not, but with MSI they seem to think that everything is covered by NDA's or equivalent.We learn more from the USA DoD about MSI than ever from MSI itself. |
https://podcasts.apple.com/gb/podcast/investors-chronicle/id951671327?i=1000698701406MSI and Goodwin mentioned at the end. |
Midas Mail on Sunday tip along with Goodwin and a few other defence stocks |
Something leaking here? Big contract? |
https://www.theguardian.com/world/2025/mar/06/watershed-moment-eu-leaders-close-to-agreeing-800bn-defence-plan-ukraineThe European Commission president, Ursula von der Leyen, who presented to leaders an 800bn (£670bn) plan to increase European defence spending, said it was "a watershed moment for Europe". |
All defense related stocks up today in the back of additional spend. |
At last somebody recognises quality, and large buying orders as well. |
added a few here today |
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