@Madmix and Shanklin,
Net cash of 42 million: what precise capex do you imagine would eat up all that prodigious sum?!
In the past, the Company has issued special dividends. I'd expect them to return excess cash to the owners. |
Keep buying too cheap. |
Company is still cheap and a takeover target for a bigger defence company for sure |
You moved the price ha |
Took the opportunity to add 2 more chunks this morning. Now my 2nd largest holding |
50% upside from here. |
Yep, he did |
Wonder if Robbie Burns bought more here, flurry of buying just recently... |
Funding growth is a much better use of cash than giving it to us. |
Presumably (as significant shareholders) they see more benefit in reinvesting the cash in to growing the business, which is fine by me. |
The only negative is that the dividend wasn't hiked more. For the year, it's below 2% at current share price. |
A loser mentality |
Going by the volume quite a few sellers waiting on the results to sell, irrespective of the detail of the figures. |
Yes, would have thought warranted a larger rise than 5% but markets are still strange |
Looking great here |
Look at that cash pile! |
Incredible set of results future looks very bright perhaps a hint of management change aswell as there looking towards retirement |
Excellent results and strong order book, hopefully a positive reaction from share price today. |
It is encouraging the way old and stalled contracts are being reactivated everywhere, MSI are certainly benefiting for their share. |
Probably worth focusing on the current client base/contracts achieved location wise for the defence division. |
Don't think you have been reading the papers ! The right in much of Europe (France, Austria, Hungary, Slovakia, Italy, Germany,. Spain etc) don't think that more arms should be sent to Ukraine, and some have as good as said that Putin is a friend. It is exactly the same as in the USA where in a reversal from the 50/60/70/80/90 it's the democrats who are calling for increased help for Ukraine and republicans are saying no more. And there are even republican senators saying that Putin did not invade Ukraine !!!!The world has gone crazy. |
Surprised to see MSI hit hard but seems to be driven by just a few modest sells so more a tree shake I expect before the price starts climbing again. With the 'right' performing strongly in EU elections I certainly wouldn't expect any cuts in defence spending anytime soon. |
Wow. Poor day for equities again |
https://www.navalnews.com/naval-news/2024/06/malaysias-first-littoral-combat-ship-kd-maharaja-lela-enters-water/Always been on the cards to have MSI mounts but a massively delayed programme. LCS1 now in the water and being fitted (incl. weapons in due course). MSI DS30M |
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