Ms Share Discussion Threads

[rivaldo] 06/7/2011 11:38

All that's happened is that the bloke who runs T.M.F's Value Shares portfolio took profits on his shares - around 100% profits from memory. An e-mail went out yesterday, and a few lemmings have folowed him.

I can partly understand it, but imo the upside at this point is even greater than it has been in the past:

- the US defence orders underpin future profits
- we now have all 3 divisions firing nicely, whereas before there were doubts about Global-MSI and MSI-Forks
- the Balance Sheet is in even better shape

Time to take advantage of any share price weakness - and it's ISAble.

[paleje] 06/7/2011 09:24

Small volume summer sales methinks, buyers on hols, not a red flag imo.

[gorilla36] 06/7/2011 09:17

Grump - whats up here then?

[rivaldo] 28/6/2011 11:19

Bouncing now. It's been a long time since any company buybacks - now would be a good time for MSI to start buying their shares back again.

[rivaldo] 23/6/2011 10:26

Cheers Mr T. Looks like bargain time is here - the MMs have dropped the price 25p on just £8k of trades!

[mr. t] 22/6/2011 12:58

Patricia59 - as you said, MSI has worked out well in recent weeks.

Rivaldo - thanks for your insights and analysis. I hope you're right about 40p eps this year; MSI are certainly performing and look nicely positioned for the future.

Cheers,

T

[rivaldo] 22/6/2011 11:34

Shell are one of Global-MSI's biggest customers:



I noticed today that Shell have just bought 254 new petrol stations costing £240 million - I'd assume that all of these will require rebranding and potentially big refurbishment:



This could just be worth an awful lot of money for MSI.

[rivaldo] 21/6/2011 10:13

Further coverage I hadn't seen:



"MSI shares soar as profits hit record high
Published on Friday 10 June 2011 06:00

ENGINEERING group MS International said annual profits doubled to a record high, sending its shares soaring by 29 per cent.

The Doncaster-based group, which has three divisions spanning defence, forgings and petrol station forecourts, said pre-tax profits in the year to the end April hit £6.7m. Revenues increased by a third to £54.2m as all three divisions bounced back from the recession........etc"

[rivaldo] 20/6/2011 11:59

Cheers connor - I'm now hoping for 40p+ EPS this year given that 20p EPS in the last H2, so on that basis there should be at least another 50% upside here.

[connor23] 19/6/2011 13:38

Geez, this one still going up. You make a fair point Riv. I was particularly interested in the segmental analysis from the Nov figs (shame they didn't include something similar in the final results). Using that as a read across for margins I estimated that the US deal could be worth £3.6m. Defence also seemed to be making up 60% or Rev but 100% of profits, so a positive outlook for that division bodes well.

Kicking myself, but still plenty to play for as you say.

[nomunnofun] 17/6/2011 09:28

Thanks rivaldo - found my 1035 - the low volume has a lot to do with one's inability to buy any kind of quantity.

[rivaldo] 17/6/2011 09:23

Nomunnofun, try here:



I was surpirsed to see so much activity on PLUS - £60k of trades already today on top of £35k on the main board equates to probably a month's worth of normal MSI trading in just a couple of hours!

Very encouraging to see a good rise on such volumes.

[nomunnofun] 17/6/2011 08:49

Any experts know how to find plus trades on advfn, presumably where mine is shown?

My little buy seems to have sparked matters.

[blueball] 17/6/2011 08:32

Had to buy @315p this am.

Impossible to buy any quantity.

[nomunnofun] 17/6/2011 08:14

Just dipped my toe in to buy 1035 - hard to get these and paid 309.9 . Even that small buy has bumped edged the share price upwards.

[rivaldo] 17/6/2011 05:47

Ah, but there's plenty to go for here connor.

As you said yourself, MSI achieved 20p EPS in the last H2 alone. If they achieve even a modicum of growth from there this year, they'll achieve 23p-25p EPS in each half - i.e getting towards 50p EPS for the year.

At which stage a share price of 500p would seem reasonable on a P/E of 10.

That's 70% upside from here.

[rivaldo] 16/6/2011 12:45

...and buying coming in at 300p now.

[rivaldo] 16/6/2011 09:24

Nice to see MSI as the 5th highest riser on this rather poor day on the markets....

[blueball] 16/6/2011 09:08

Cool share...thanks to RB.

[rivaldo] 16/6/2011 07:23

Excellent point connor23. MSI made 20p in H2, which implies that this year they could make 40p EPS - or even more....

That would suggest a share price of around 400p, and perhaps a lot more as the market comes to appreciate MSI properly.

[connor23] 15/6/2011 12:59

Given that they did 20p EPS H2 and they have the US contract for this year, thats my line of thinking as well. Plus the outlook for the defence side of the business remain positive. Trying to be patient though!

[rivaldo] 15/6/2011 09:20

The results are actually even better than I first thought.

Most companies disclose thier adjusted EPS as well as basic EPS, i.e removing the effect of intangible amortisation and share-based payments. MSI have left this to the reader to deduce.

There are £448,000 of amortisation and share-based payments, giving rise to an adjusted profit after tax of £5.953m, against 18m shares.

MSI therefore achieved 33p adjusted EPS.

If you strip out the £422k exceptional gain, the true EPS for the year was 30.7p.

One can easily foresee 35p and perhaps even 40p EPS this year given the confidence in the narrative.

[connor23] 14/6/2011 19:15

Just discovered this one. Thought the recent rise might put me off, but looking at the detail it still looks cheap. Of course it has come a long way fast, so being greedy I may just wait for a slight retrace.

[rivaldo] 13/6/2011 09:24

More new highs would be nice.