Ms Share Discussion Threads

[xdavid] 22/6/2006 23:17

Stranger and stranger...

Remember that earlier discussion about what sort of land MSI might have on the books and whether it could be lying spare or anything?

Well...

I'm wondering whether this is a picture of part of the land in Tonbridge...


It's a long shot but bear with me... firstly, go to the Global-MSI web site..


...click the offices/contacts button and then the Tonbridge office link...
...note the address and postcode: Cannon Lane Tonbridge, Kent, TN9 1PP

Now, on the same web page, click the link on the left to the "Parner": Global Ranges...

Yes, MSI seem to have 'yet another' business string - golf ranges!!!
Website (yes, another cheap one :-)...


Note the Global-MSI logo in the corner!

Anyway, on that home page, click the Projects link (only two projects noted), one of which is listed as "Tonbridge Golf". Some nice pictures of a very leafy golf range. Where is this golf range? From their web site..
(must be done by MSI's web designer, it's so bad!)

... its address: Cannon Lane, Tonbridge, Kent, TN9 1PP. Note the Golf Pro, James Jones, is the same James Jones listed on the Global Ranges web site.

OK, so maybe they are just next door neighbours, but it was an interesting trail for a Thursday night :-) And certainly the Tonbridge unit is in a nice industrial estate given that there is a 9 hole, very nice golf course right next door!

-david

[xdavid] 22/6/2006 22:20

I think that reference to 100 guns has been there for quite a while (over a year?). Note it says "have been supplied or ordered" and MSI have been in business for 80 years... Personally, I'm not reading anything into it either (at least until the results ;-)

Very Interesting Shell/Atkins find Mr. T!

Note that MSI state on their Global-MSI website...

"We are the sole contracted canopy partners for Shell, Esso and Jet throughout Europe and in addition are one of BP's leading European forecourt structures partners...
Last year we supplied forecourt structures in 33 countries designed to 33 different design codes... The European Petrol Station is our workplace"

Can't provide a link due to them using flash instead of html, but just click the "About" button on their home page.


MSI hold a 50% interest in Global-MSI which is a joint venture with (I think) two european construction companies in France and Germany. My reading of the 2005 accounts show their share of the turnover as £6.0m (2004: 6.1m) and operating profit of £362k (2004: 302k). About 12% of the total operating profit.

Very interestingly, their operating profit share for the JV for the 1st 6 months this year was £464k - a 26% increase over the previous full year, in just the first 6 months! The separate turnover figure is not given for the JV in the interim report. So that should contribute another 1.5p over previous JV earnings.

And presumably that was before any additions from the Shell contracts mentioned in the Atkins report. Gets more and more interesting :-).....

-david

[sja123] 22/6/2006 20:32

Can't wait........I must say, I know nothing about charting or it's relative merits in picking stocks.....but that's a great looking chart too......love the way the second half of the last two years this has motored.......doubled after results last year......bring it on!

[cockneyrebel] 22/6/2006 18:53

not sure if or how many MSI 30mm guns would have been sold prior to this year but I can't think it's a lot or they would have made a statement like the one in the interims I'd have thought.

Like I say, don't read too much in it yet as we'll know when the results are out.

CR

[cambium] 22/6/2006 18:45

Turnover was previously stated as 32 million- blimey we could be in for some goooooood news

[cockneyrebel] 22/6/2006 17:48

I did notice on the home page tho that they say 100 MSI 30mm naval guns have been ordered. The interims says that the MOD order for the initial batch of 24 was worth £15m.

Not sure what to read into that but seems they have sold 4 times that MOD order.

CR

[cockneyrebel] 22/6/2006 17:43

I love the only active link there that says 'return to the top! :-)

CR

[cockneyrebel] 22/6/2006 17:42

And it's always pleasing to see they don't overspend on web design either :-)

CR

[rivaldo] 22/6/2006 17:17

Well spotted Mr T - Global-MSI should be continuing to thrive.

Another point re MSI-Defence. Now that it seems Britain will be spending £12 billion on a replacement Trident deterrent, the most likely option is submarine-based. Not to get into the politics or rights and wrongs of it, but MSI will be a beneficiary given its expertise for example in submarine masts:

[mr. t] 22/6/2006 10:28

Atkins results were out today, with some info relevant to MSI:



There results were at the top end of expectations, with increases in turnover, profit margin and order book. A couple of quotes in particular were good to read:

"The outlook for Design and Engineering Solutions remains good and the short supply of high quality engineering skills means there is scope for further margin growth....

....We were awarded a major commission for Shell to provide programme management services for their capital investment programme covering retail outlets in nine European countries"

I wonder who Shell/Atkins will look to to provide forecourt canopies????

As has been mentioned here before, good companies use high material prices and skill shortages to increase their margins. Just like MSI do!

[rivaldo] 21/6/2006 08:35

Here we go again...

[gringostar] 20/6/2006 18:39

I think my 2 year old deserves a reward on his Trust Fund for his patience on MSI!

[iandippie] 20/6/2006 15:50

You see. My bad intraday timing, is a gift from God.

[rivaldo] 20/6/2006 14:45

Trexpert, I got much the same response, though in addition I was told it was "unlikely" to be this week. Not long to go anyway.

[gswredland] 20/6/2006 12:14

there may be a few who know judging by the last two days of the share performance!

[iandippie] 20/6/2006 12:11

The last four years have seen the results come out on the 19th, 25th, 21st, and 28th. Taking the average of that and rounding to the nearest integer, we get 23. So Friday the 23rd it is. ;-)

[gswredland] 20/6/2006 10:50

Yes these are a sound buy and hold. Love to know when the results are coming

[onlyonestorm] 20/6/2006 10:32

I'm with you CR!!!!!!!!

Stormy

[cockneyrebel] 20/6/2006 10:31

Why think about days, think months imo.

CR

[iandippie] 20/6/2006 10:23

Oops. As I said, my timing sucks. Can now but more online than I can sell.

About to notch down, methinks.

[goatman] 20/6/2006 10:17

Wow, nice move today! Topped up with these a while back. They are now my biggest holding in the ISA. :o)

[onlyonestorm] 20/6/2006 10:11

I should add, that is using their 'quote and deal' facility, may well get a 'at best' transaction if you try, the good news is I've allready got mine!!!

Ha, Ha

Stormy

[iandippie] 20/6/2006 10:11

Well, I intentionally waited for the breakout before topping up a bit. (I'm already heavily invested, so wanted a clear signal). Managed to but 1882 at 184. I bet they go down a notch or two now, as my short term timing sucks!

Still, we could be looking at 250 in the very near future. :-)