Ms Share Discussion Threads

[gringostar] 29/3/2006 14:39

I just called a fellow investor about this one and his is the next buy trade after mine and he paid nearly 2p less than me!
My sons CTF.

[xdavid] 29/3/2006 14:03

Can I borrow your crystal ball, might come in useful when thinking about what to sell to buy more MSI?

Looking good for my ISA top up anyway ;-)

[gringostar] 29/3/2006 13:58

148 - 151.85 with Square Gain.
Just bought some.
Xdavid - it was Yahoo showing -7p wrong as usual but it gave me a prod to buy so good old Yahoo!

[xdavid] 29/3/2006 13:48

-7p ??

I have -4p (just this moment ticked down from -3)

I think you are looking at the offer price compared to yesterdays mid?

[gringostar] 29/3/2006 11:31

The market hasn't -7p!!

[rivaldo] 29/3/2006 07:47

A bit late, but Petrolworld have just noticed MSI's interims FYI:


"UK: Global MSI Record Profit & Positive Year
A profit before taxation of £2m (2004 - £1.54m) was achieved on revenue of £19.30m (2004 - £16.41m) for the twenty-six weeks to 29 October 2005.

Michael Bell Chariman of MS has reported a positive year in which commitment to investing in the business, through both capital investment and product development programmes, continued to serve the business well and placed MS in a good position to take advantage of the many global opportunities available. The outcome was escalating levels of activity that culminated in both higher revenues and profits for the Group.

The three operating divisions - defence, forgings and petrol station forecourt structures - each achieved higher revenue and enhanced profitability, highlighting the improving quality of the underlying substance and operating performances of the individual businesses.

The cumulative value of the Group's order book has grown progressively in line with the upturn in business activity that coincided with some superior
production processes coming on stream.

PetrolWorld 170306"

[johnrxx99] 27/3/2006 11:39

CR - I don't disagree but thought the BA example was not such a good one. I'm using the same argument myself on a few like SYR. Most contracts allow for cost increases outside their control but, looking back in time for experience, such rises will in due course affect the whole economy and that is where the downside will come, imo.

But not today, what a cracker (heavy in resources and they are steaming)

[cockneyrebel] 27/3/2006 11:19

johnrxx99 - explain BPI then, highly affected by fuel costs, moan about them time and again - profits rocketing. I could show you loads of them. All these companies moan about how bad the rise in fuel/energy costs are then they go to their customers and say 'sorry, we hate having to raise prices but it's energy you see'. The customer takes it because the other suppliers are saying the same. Excuse to raise prices imo.

I agree there are some that can't pass it on but in general I think it's the industries where there is little added value over the energy or commodity prices which they pay. Look at steel companies - the energy used there but they pass it on and more.

I agree, perception is often a greater worry than the actual affect - think that's why a lot of these companies with high energy costs are surprising to the upside.

CR

[xdavid] 27/3/2006 11:01

There are definitely some companies affected (see AFC RNS today re copper price), although they may well be using rising raw material and energy costs as an excuse for general inefficiency. Companies in highly competitive areas and running large debt are not going to feel they can automatically pass on these costs (and real costs they are as term energy contracts come up for renewal) and any existing debt will weigh heavily on them.

However, MSI work in niche areas and that includes their castings division. Previous results stated that they had been affected by both material and energy costs but the effects had been mitigated by both forward buying of materials (hence net cash became working capital) and the passing on of costs to customers.

I was really just using concerns over energy costs as an example of how a perceived concern for one division of a mixed group could pull down the valuation of the whole, whether genuine concern or not - I did not mean that I thought any concern was actually affecting MSI. I dont and I indeed think that MSI will continue to flourish in its new lean form.

-david

[johnrxx99] 27/3/2006 10:22

CR - BA have fuel suppliments so doesn't affect them.

[cockneyrebel] 27/3/2006 10:15

I've never undterstood these 'concerns over energy costs'. BA couldn't make a profity whe the oil price was $28. Now it's $62 a barrel their share price is hitting a new high and profits are way higher. Energy costs are an excuse to raise prices higher than the increased energy cost.

CR

[Abuse team] 25/3/2006 18:02

Post removed by ADVFN

[rogerbridge] 25/3/2006 17:30

Well said C.R

[liarspoker] 23/3/2006 10:44

Ha ha - good call. :o)

[cambium] 23/3/2006 10:29

hmmm! just buy anyway

[liarspoker] 23/3/2006 10:27

What if I don't have one ?

[cambium] 23/3/2006 10:17

only a week to go to top up your isa lads

[cockneyrebel] 23/3/2006 09:42

Looks like the recent buying has cleared the seller - an ISAable PE of 7 and 50% growth+ still imo.

CR

[cockneyrebel] 21/3/2006 17:48

Good chance the punters that were at work and waiting to buy the bounce are buying tomorrow morning when they see these have started moving up.

If 19K net buys moves it this much imagine what a couple of 5K or 10K buys will do.


CR

[johnrxx99] 21/3/2006 17:21

A34 - doh!!

[sidebar] 21/3/2006 14:03

There's a fair chance it may drop back. I'd buy again at mid 1-40's.