Ms Share Discussion Threads

[johnrxx99] 01/8/2006 12:24

Still within the uptrend channel but very quiet. zzzz

[xdavid] 21/7/2006 11:13

Rivaldo, yes I agree, but as we know patience is indeed a virtue in small caps, particularly in volatile market times.

Your post reminded me of the director speak in the results...
"...forward order book is at record levels."

They also said "I am now able to report, that in addition [to MOD contract], we have won our first export order for the new guns." - the new coastal water type guns. As such, the Malaysian naval order will be in addition to this (and the already record forward orders) since the Letter of Intent was only just signed with BAE. It will be interesting to see the specs for the Malaysian order to see if the new guns are included in addition to their standard 30mm mounts.

[xdavid] 21/7/2006 10:40

Sorry, maximoney1, I was thinking of just markets going down due to economic factors alone (e.g. economic cycles). Of course, if the markets went to hell based on conflict exploding up around the place, then MSI may well be one of the defence industry companies to do well out of it - but lets hopefully not go there! :-0

I think they are doing well from just the 'threat' of such things, as the hawkish elements within governments use current climate to increase 'defensive' spending. The new range of guns, specifically 'targeting' small craft threat in coastal waters, seems to particularly supply a previously overlooked need. This is a prime element of the recent £15m MOD contract, and I presume they are using this to chase similar contracts for other navies.

[rivaldo] 21/7/2006 10:38

Good find in your post 725 xdavid. It seems that MSI's defence arm will be busy for a long time to come.

Interesting that despite the good news, excellent results, strong outlook etc MSI are still only some 20p above the level at which they were buying back 100k shares last December - I doubt they were doing so for the sake of just a few pence.

[maximoney1] 21/7/2006 10:17

Thanks xdavid..... i was just trying to ascertain if the underlying fundamentals and more so the potential of this company, given the current climate of tensions, would be strong enough to buck a corrective market move. I was not wishing to discuss ftse etc as such, and appreciate you view on MSI in such circumstances. I thought perhaps, that even although a possible market correction was underway, as tensions mounted, the defense side of things would actually become so much stronger and offset any downward price pressure.

Watching patiently...lol !

cheers
maxi.

[xdavid] 21/7/2006 08:59

I have no idea about macro economics - and don't even try - but to answer your question (IMO)... IF ftse goes to 4300 then I have no doubt MSI would follow it to some extent, just like almost every other decent stock, by people taking profits or just moving to cash - even if that meant the PE would hit 5 or 6.

There are better boards for discussion of ftse/dow/macro stuff where you might get a wider debate on cycles and the like but that's my answer to the MSI specific part of your question.

[maximoney1] 20/7/2006 22:51

"johnrxx99 - 20 Jul'06 - 22:28 - 728 of 728


maxi - ftse 4300: there is no indication of that and therefore irrational. Might as well say: ftse 7300. Just as stupid."



Oh, right oh john, thanks for your insight. So if we were to get an 'elliot wave' supercycle correction of the dow/ftse, it couldn't hit approx 4300 then. Ftse has already showed a warning signal by briefly falling thro fairly long term support. Thanks for displaying the usual level of tact, diplomacy and debate associated with many of these boards. Apologies for the intrusion.

maxi.

[johnrxx99] 20/7/2006 22:28

maxi - ftse 4300: there is no indication of that and therefore irrational. Might as well say: ftse 7300. Just as stupid.

[maximoney1] 20/7/2006 21:27

If the FTSE tanks back to say 4300, does anyone see MSI being able to ride out the storm as it were, or will it be pulled lower in the bloodbath along with all the rest. I'm currently doing the hardest thing of all(for me) by sitting on the sidelines and doing nothing. A lot of exceptionally good value around at the moment, but the potential to pick up some life changing bargains is very tempting IF the ftse does tank and pulls the 'good' down as well....lets face it, the DOW (ave)at 22 times earnings is a bit pricey and i reckon FTSE would follow it down, more so if bernanke is in the process of having all his 'rabbits' removed from him, over the next cycle...ie china/russia/iran denominated oil, japan interest rates etc etc etc.

Chart wise its looking primed ready to challange 200p imo, but final decision on DOW direction really only weeks away, which may spoil a nice party...lol.

Anyone care to voice an opinion whether the underlying strength would see it thro an overall market bad patch?

[cockneyrebel] 20/7/2006 20:55

cheers david.

Bounced nicely today right on support. Shame these don't fo AGM statements :-)

CR

[xdavid] 20/7/2006 19:40

It's taken me a while to get around to investigating the recently announced contract for two frigates for Royal Malaysian Navy (RMN) from BAE Systems.

BAE News item - this month...


Detailed specs do not seem to be available yet, but note these extracts...
"The RMN currently operate two frigates built in the BAE Systems facility at Scotstoun in the 1990s... The [new] ships will be fitted with state-of-the-art systems that will be fully interoperable with the current RMN frigates."

Taking a look at the specs for the existing two ships...


...we can see...
"Two MSI 30 mm guns fire 0.36kg rounds to a range of 10km at a firing rate up to 650 rounds/min."

So although nothing certain, I would think that's another 4 gun systems for MSI. A few years off, probably, but its all ticks in the forward order book :-)

-david

[johnrxx99] 18/7/2006 09:38

Chart still spot on its trend. The results peak was to be expected and in the current market could be a week or two before strength returns.

[rivaldo] 17/7/2006 21:32

Down today primarily on just one 10k sell - typical MSI!

I'd assume that with the British Army stretched to the limit in Iraq, Afghanistan, Israeli evacuations etc MSI-Defence are going all-out at the moment - just look at the web site to see the broad range of services/equipment MSI provide.

Equally, Global-MSI and MSI Forks should be doing as well as ever without being impacted by anything happening at the moment - maybe energy/raw material prices, but so far MSI seem to be adept at passing increases on, or at any rate being completely unaffected to date.

Happy to keep holding as I have for a while now - the chart over the last 2 years says it all.

[dayjob] 14/7/2006 16:42

lol. did you buy 7,500 at 11.22 cr?

[cockneyrebel] 14/7/2006 11:23

As I was saying :-)

CR

[cockneyrebel] 14/7/2006 11:20

Net sells of 7.5K today. Rises just as fast on low volume too.

I've learned to put up with it over the last two years.

CR

[iandippie] 14/7/2006 11:14

Well, hardly any sales says it all really. I have only been in this share for a few months (therefore showing at loss at the mo), but as CR says, it's thinly traded, and it only takes a few small trades to shift the price dramatically. Unfortunately, they are sells at the moment. No doubt some investors think that the escalation of the middle east conflict signals the end of the world. Or perhaps they are raising funds for the inevitable hike in petrol prices ;-)

[david77] 14/7/2006 11:01

Should the headline be "MSI - see your shares fall 50% in 2006? (MSI)"?

[gringostar] 06/7/2006 08:25

Oops wrong thread, this is care in the community!

[old china hand] 06/7/2006 08:16

They should get try to get a slice of the golf range action but not at the expense of the core business - after all, a birdie in the hand......

[valhamos] 05/7/2006 22:02

...which would be par for the course

[rivaldo] 05/7/2006 16:29

Or perhaps you mean your wood?

[peladon] 05/7/2006 16:28

..but not your balls?