Ms Share Discussion Threads

[gswredland] 05/4/2006 15:40

Ian.was that your 2,500 buy? you had to pay over the quoted odds?

[gswredland] 05/4/2006 15:38

but i might hope for a dip again!

[gswredland] 05/4/2006 15:36

angora..some of each...

[iandippie] 05/4/2006 15:12

I can lay claim to today's rise. I was deliberating on whether to top up PKW or MSI today. I chose PKW, hence the rise in MSI ;-)

[cockneyrebel] 05/4/2006 14:41

When this goes through 165p it's going to £2 imo.

CR

[tonyx] 05/4/2006 14:36

Just bought another 2.5k!

[cockneyrebel] 05/4/2006 14:26

At last - nice uptrend forming imo - ain't gonna take many jumping on board to set this motoring.

CR

[angora7] 05/4/2006 14:08

gsw, you are going to be torn between msi and elm tomorrow, aren't you ;-)

[gswredland] 05/4/2006 10:27

Looking to put some more in my ISA tomorrow...

[xdavid] 04/4/2006 23:15

Fork division web site is back up...


redirects to: so maybe a temporary relocation whilst it was being updated.

Nice to see they have brought back the
"Welcome To The Wonderful World Of Fork-Arms" title :-)

If this is just an expansion of an area that they have been in already, then this is a very good rebranding! MSI-Quality Forgings gives the correct premium market message. I agree, CR, that we may well be underestimating them - and I was already deeply impressed!

I just love the way they never announce anything - Just get on and do it!

[cockneyrebel] 04/4/2006 22:25

Nice find Mr T :-)

I think this is the fork division and the reason why the old site is down.

However they are pushing a much wider range of products than they used to in the past and much more lucrative than just fork lift forks.

They say in the interims 'all three divisions' so there is only three but it's clear at least one division has gown and spread its net much wider over the last six months.

Don't know much about this but it sounds impressive:

"MSI-Quality Forgings Ltd is proud to announce that we have recently expanded our range of NORSOK approved materials. We have approval for all weights of F51 and F55 material forgings (Duplex and Super Duplex), and this range has now been expanded to include forgings for F44 material (6 Mo)"

And not something they were promoting 6 months ago.

If they have expanded this division into more lucrative business then I reckon we might even be under estimating MSI more than I thought.

CR

[xdavid] 04/4/2006 21:51

Well done, Mr T! Same location as the Forks division so looks like they are splitting out another niche division for what looks like the top end of the market. Good branding strategy!

MSI-QF stocks and forges a wide range of engineering materials - typically:
CARBON & ALLOY STEELS
STAINLESS, DUPLEX & SUPER DUPLEX STEELS
NICKEL ALLOYS , BRONZES & EXOTICS

I have no idea what "Exotics" are but they all sound nicely expensive :-) and in the premium market to pass along those energy costs to customers. All looks very modern too (but surely that 'chemical plant' in the main picture isn't it?)

[rivaldo] 04/4/2006 19:53

Mr T, good find! This company has extra bits we didn't even know about...is Forgings part of the Forks division? Seems like another nice niche to be in (energy costs might be a bit high though?).

[xdavid] 03/4/2006 15:12

the gun barrels they make are the best in the world. - CR

CR, thought I would expand on that, just in case anyone thought MSI only literally make the gun 'barrel'. They make the whole kit including highly technical guidance system etc. This is just one example...

THE DS25 & DS30 SERIES GUN MOUNT

Highly acclaimed, the MSI naval weapon system fulfils a multi role requirement and is fitted to all classes of vessel as a primary armament on patrol craft and MCM vessels and as secondary armament for frigates and larger vessels.

Known as the DS25/30 series, it is gyro stabilised, electrically operated and self contained gun mounting featuring a choice of cannon, control mode and sights. It has low magnetic, radar and IR signatures and excellent ergonomic availability, reliability and maintainability (ARM).

MSI-Defence Systems also produce a whole range of other technical (non arms) stuff including Diving Systems and Tactical Shelters. A short bit from their Divings Systems page...

RECENT CONTRACTS INCLUDE:

240 closed circuit breathing sets (CDBA) with buoyancy control aid and dual system mask including the design and support.
40 low magnetic recompression chambers for the Royal Navy MCMV's
Containerisation of diving support services
Design and supply of high visibility, compact Search and Rescue breathing sets
Trials of divers underwater communications equipment
Refurbishment and upgrade of a variety of compression chambers.

They also do training around the world (in all their equipment) and consultancy...

MSI-Defence Systems has its own team of experienced divers licensed to undertake various specialist tasks including pure oxygen.

I reckon they could sell off the other two operatations as growing concerns and just run with the defense wing - what value would that out?!

[xdavid] 03/4/2006 14:43

Squaregain will now only sell you 1.5k online and buy 3.75k. The online NMS moves on a sixpence - you have to buy when the opportunity arises (this morning) and not when it's already decided to go up, unless you really want to pay the premium!

[cockneyrebel] 03/4/2006 14:30

If you want to have a guess at how these are doing have a look at the web sites:



Look at the presentations on the website above (on the left) - the low cost car wash is at our local Tesco - gawd knows how many more tescos are using them Also see the sales brochure - Garages are reinvesting lots of these widfall profits from oil so as not to look like they are profiteering. MSI must be coining it. Watch the presentation too - the canopies busines must be flying imo.



This is a steady eddie busines but think about it - gloabal growth is picking up strongly, stuff has to be shifted, fork lifts and big ones in particular are in demand. Site's down today.



These have the potential for huge business from a small company - the gun barrels they make are the best in the world. They picked up a huge order this year that has only just started to be delivered:

"In September, the order book was enhanced significantly when the UK Ministry of Defence (MoD) announced that it had awarded the Company a £15m contract to up-grade a first batch of twenty-four of our in-service MSI-DS 30mm naval gun systems. Since 2000 it has been evident that the MoD required an effective solution to reduce the vulnerability of warships operating in littoral waters from armed combatants approaching vessels by using small, fast civil craft. Following three years of research and the development of a trials demonstrator, the Royal Navy, in 2003, conducted comprehensive sea trials of the MSI solution. The up-grade, which incorporates innovative sensor and tracking technology in a reconfigured design, was down-selected by the MoD as the most efficient and cost effective solution proposed, when compared to other offerings from international competitors. Deliveries commence in 2006 and will be phased over a number of years."

"A first batch" - how many more and what about other Navy buys like New Zealand?

Worth doin some very simple research just on theier websites alone imo.

CR

[Abuse team] 03/4/2006 14:17

Post removed by ADVFN

[cockneyrebel] 03/4/2006 14:16

intra-day reversal - supposed to be highly bullish.

Look, mm's mark down on a 4K sell at 8.20pm. Punters either take advantage or act like sheep imo but all the moves up and down over the past few weeks have been on pathetic size trade - nothing sinister to the sells, no inside knowledge to the buys just little punter trades moving the price back and forth cos it's illiquid.

My selfish advice would be, if your balls go on a tiny tick down from a 3K sell then follow suit - sell your holding a get out, this stock isn't for you. That way us serious holders can buy a load more stinking cheap and sell them back to the wobble punters in a few months time at a much higher price.

CR

[gswredland] 03/4/2006 12:57

thanks xdavid

[xdavid] 03/4/2006 12:51

Year end is end of April. Results will be last or second last week of June.

With a prospective earnings yield of 15%, management must be considering a share buyback at these prices. They left it until middle of April last year before buying before close period so rest of this month could be interesting! Last buyback was only in December - 100,000 @ #1.46, and they must have more clarity now about their cash position (unless it's all gone into capital expenditure to fund even more growth :-0)

[cordone] 03/4/2006 12:46

Just added another 5000 shares @150p, but it's not showing up yet. My broker was being quoted 155p for that quantity by one MM. Stock in very very short supply & was marked up straight away. Just wait til someone tries to put some real dosh into these!!

[gswredland] 03/4/2006 12:32

results must be soon?

[xdavid] 03/4/2006 12:24

Every time I go to buy a bit more of these I have to reread my figures to be sure I have not made any daft mistakes anywhere - I can't believe that people can be so short termist and, bluntly, stoopid! This has to be the best buy in the market!

We are soon to be issuing results for the year which, I have no doubt, will show a diluted eps of at least 17p, growth of 34%, PEG of 0.26. At what valuation? An historic PE of 8.7.

We are now looking forward to the 2007 results year, for which an achievable eps of 22p, for 29% growth and PEG 0.23 gives forward PE of 6.7.

I love these types of shares! Because at some point the market will wake up to them and decide they deserve at least a PE of 10 if not 12 (still cheap to peers). Even if they don't wake up for another year, the 30% earnings growth alone gives you 30% profit (on flat PE). Better than a divi in the bank!

Insane, but I love it :-)

[rivaldo] 03/4/2006 11:53

Bouncing off the low with the chart uptrend still very much apparent, and down 3p on tiny volumes. I wonder if a few are locking in end of year profits (same applies at SMC?). Mind you, if they're sensible most should hold MSI in their ISA or PEP.

Sellers need to re-assess the figures in CR's post above and buy back in asap imo :o))