Ms Share Discussion Threads

[afpk53] 14/4/2009 19:51

Can anyone shed any light on today's spectacular rise?

[mr. t] 15/2/2009 17:02

Hi moonlight,

Good point, but how do you judge ethics? Guns perhaps aren't great if they are used to kill, but then it's a good job we had them in WW2. You could argue sweets make kids fat, oil companies cause global warming and banks hold taxpayers to ransom. Many people even think Tesco is bad for the waste it creates and the way it treats suppliers.

I don't really know how to judge the rights and wrongs of a particular company.

How do you do it?

Cheers,

T

[moonlight83] 15/2/2009 12:06

Look guys, I may sound silly but I do want to ask whether you do feel a bit uneasy about buying shares in a co that makes weapons.

If they made sweets and their financials were the same, I would have already bought buckets of shares, given their current valuation.

[mr. t] 13/2/2009 11:59

It's good to see Michael Bell has bought a few more shares - not lots, but then he does have a few already.

[alter ego] 06/2/2009 08:32

there's no point in rules if you can't break them wcb. I'm tempted too. AE

[westcountryboy] 05/2/2009 09:18

So let's see. Market cap £14m (at buy price given absurd spread). Cash £10m. Profit last year over £4m. Profit in defence division alone was £1.7m. Defence division doing very well according to statement.

It will be interesting to see if Michael Bell buys any more at these prices.

I couldn't resist topping up first thing, breaking all my rules about only buying companies showing relative strength in these markets...

[gopher] 04/2/2009 18:56

These have sunk a long way and todays statement that this conservatively run company is doing well is defence and not so well in Petrol forecourts is not a surprise.

I hold and am resigned to tough it out

[moonlight83] 12/1/2009 09:15

Thanks, it was helpful to see all the websites.

These guys make weapons - what a pity for someone with their return on capital.

[davidosh] 11/1/2009 20:28

They keep things very quiet at MSI.....no forecasts or broker coverage anywhere ever.No PR and certainly no tips. The operating divisions all have websites though.....

Defence Systems:

"MSI-Defence Systems is a major company within the UK-based MS International group which operates in diverse engineering industries.

With its head office and manufacturing facilty in Norwich. U.K. and an important support establishment in Weymouth, MSI-Defence Systems plays a leading role in design, development and supply of defence systems unrivalled in reliability, flexibility and performance.


Forgings:

"Fork-arm design and manufacture, encompassing over 40 years experience:

- Incorporating the finest skills and disciplines of mechanics, metallurgy.
- Forging, heat-treatment, fabrication, welding and machining."

Petrol station superstructures:



Just to refresh on eps over the last six periods....

26 weeks to 29.04.06 – 6.9p
26 weeks to 28.10.06 – 8.1p
26 weeks to 28.04.07 - 10.1p
27 weeks to 03.11.07 - 9.2p
26 weeks to 03.05.08 - 12.8p
26 weeks to 01.11.08 - 9.3p

[jonwig] 11/1/2009 18:13

Unless things have changed, there's no such thing, Moonlight. There isn't even a PLC website.

But if you phone the Head Office at Doncaster they'll send you one. 01302 322133.

[moonlight83] 11/1/2009 17:26

Hi folks, could someone give me a link to where I can find this co's annual reports??

[alter ego] 30/11/2008 13:59

Pension fund valuation loss is predictable but painfull all the same. Looks like we will have to hunker down until economy starts to normalise again. At least MSI have decent long term contracts to tide them over. A E

[jeff h] 27/11/2008 23:55

The shares opened up 5p but finished up 2p

A 1k Sell went through on Plus @ 115p at just before 11am so there's your
explanation Santa.

[davidosh] 27/11/2008 23:01

5 to 2 what ??

[santangello] 27/11/2008 22:48

how come the mark down today, from 5 to 2 ?

[davidosh] 27/11/2008 16:51

Anyone still in here ??


Results out today... Chairman says

I am pleased therefore, to report that notwithstanding the difficult macro economic environment, we continued to make good progress for the half year ended 1st November 2008. Profit before taxation increased by 11% to £2.45m (2007 - £2.21m) on revenue of £27.23m (2007 - £25.55m). Earnings per share were 9.3p (2007 - 9.2p).

The balance sheet remains strong with net cash and short term deposits at a healthy £5.11m as we utilised some of the advanced payments that were a constituent part of the £10.07m of cash reported at last year end.

[davidosh] 18/11/2008 16:50

I think they should be fine....the defence contracts doing well and they will be doing the guns on the new aircraft carriers too AFAIU.

[xdavid] 18/11/2008 14:41

Interims should be out soon. 29th November last year.

[xdavid] 18/9/2008 17:42

RNS Number : 7914D
MS International PLC
18 September 2008

PURCHASE OF OWN SHARES
MS INTERNATIONAL plc announces that it has purchased 40,000 Ordinary Shares in the Company
at a price of 180
pence per share.

These shares will be cancelled

David Pyle
Director & Secretary

[wilmdav] 03/9/2008 18:59

myopia

At 03/05/08
Liabilities £23.4m
Assets £25.4m
So it's well funded but worth noting that the last triennial actuarial valuation was at 5 April 2005, so there is another in process now.

[myopia] 20/7/2008 08:12

The net cash pile doesn't look that large to me if you deduct current creditors. Also - does anyone know the size of their pension fund?

[xdavid] 24/6/2008 10:35

Very nice. And Michael Bell still effusive over outlook despite macro conditions.

Deducting the 55p net cash from share price = effective price of 146p =

effective PE of 6.8
effective PEG of 0.3

For anyone looking for more financial info than shown in RNS, get a copy of printed results from MSI as it contains lots more informative stuff.

I look forward to next interims as they should be able to really gear up on that capex. Goodness knows what the cash pile will look like in 6 months! They may well be casting their eye over any opportunities they get in current climate but generally they seem very risk-adverse re spending (Michael Bell says "cash is king") so I can only see it continue to grow. Suits me, sir!

[davidosh] 24/6/2008 08:53

Excellent results and more to come.

With that large cash pile I am sure they will be looking to buyback those shares again so this should start moving upwards as any seller is likely to be mopped up by either happy shareholders or the directors utilising their own or the company cash.

I feel very comfortable with MSI and with the capex heavily spent a year ago we should see lots of cash coming through. In these markets they are in pole position on the grid !!

[smiler1] 24/6/2008 07:38

Good results, bullish outlook and 25% increase in divi. What more can you ask

[xdavid] 23/6/2008 23:41

afpk53,
davidosh & carmensfella = not same person ;-)