Ms Share Discussion Threads

[rivaldo] 27/6/2006 07:20

Not quite as good EPS as hoped for, but MSI are obviously in great shape and the outlook statement is as bullish as I've ever seen it!

To be pedantic there's a bit of intangible amortisation this year, so the real EPS is around 15.4p.

Plus MSI are back to £5m in the bank on a £31m m/cap...

You can't argue with figures like this and an excellent outlook in all 3 divisions:


"• All three operating divisions increased revenues and profitability
• Turnover £44.44m (2005 - £38.24m)
• Pre-tax profits £3.81m (2005 - £3.19m)
• Earnings per share 15.0p (2005 - 12.4p)
• Cash at bank £5.19m (2005 - £1.01m)
• Forward order book at record levels
• Final dividend 2.20p (2005 - 1.65p) per share making a total of 2.78p
(2005 - 2.15p)"

[bigbigdave] 27/6/2006 07:13

I know its bad form to say so......
But just wonder of Robbie had 'inside information' about the date?

[iandippie] 27/6/2006 06:51

on further inspection, it looks like volume rised on the day, not the day before, so perhaps we are getting an early boost this time...

[iandippie] 27/6/2006 06:46

Volume traded rised significantly the day before last yrs finals in June and interims in Nov. Yesterdays volume was the 4th highest this calendar year, so my money is on results beig released in 16 minutes...

[iandippie] 26/6/2006 20:38

rivaldo

cheers for the heads up on BOI. Will take a look.

Geez, the Iti's had it lucky. And they get to play the "mighty" Ukraine or Switzerland next! Jammy sods.

[diogenesj] 26/6/2006 19:30

Oops, sorry, quite right, xd.

[cambium] 26/6/2006 18:10

unlucky Aussies!!

[rivaldo] 26/6/2006 17:58

Bloody lucky Italians!

OT : Ian, I'm also into MEG and PKW in my ISAs (and of course MSI!), but have a look at BOI - like PKW and MEG it's on a single-figure P/E going forward, just 8.8, it's been making acquisitions and winning contracts and it's been tipped by an FT columnist and elsewhere, so should get decent coverage. Much upside and little downside imo.

[xdavid] 26/6/2006 17:57

Not ISA'ble DiogenesJ

[xdavid] 26/6/2006 17:49

bjs38 - "I have looked back at companies results going back ten years, and revenues are almost at historical highs. The company has usually had two or three good years and then big falls in revenue.

My question is what makes this run up different from all the gyrations the company has experienced before? Is this a company that can grow nicely at 20%-50% or just a cyclical in which case perhaps there is little benefit left?"

Fair question I guess although I didn't find any need to go back further than 2002 results report myself since this is not the 'same' company as 10 years ago. I got the impression that MSI became a 'restructured' company in 2002 (others should read the reports from thereon to get the story) and were impressively maintaining that turnaround. It's been a steady increase in all figures since. That, along with the accompanying 'storyline' sold it for me some time back.

By 'storyline' I mean that I create a timeline going back several years (but not as much as 10!), put on it things like director buys etc, and then read a whole sequence of annual reports and interims in one go, refering back to the timeline as I go for the 'fillers' in between the reports. That and a colder look at the figures make up my mind for me - MSI was one of those "once in a blue-moon", hit you on the head ones for me.

Obviously, as each year goes by, the answer to your question will be more apparent. That was what I alluded to in my earlier post about needing another couple of years before the 'big boys' have the faith to come on board. Until then, we PIs have the upper hand.

[diogenesj] 26/6/2006 17:31

DEBT looks a good bet to me too, Ian.

[iandippie] 26/6/2006 16:55

MACF look a safe bet for modest growth (director dealings alerted me to them). Good dividend too. PKW look exciting. Could enhance margins dramatically (then again, they may not!), but risk/reward looks good. Beyond that, nothing leaps out. Anyone into MEG??

[iandippie] 26/6/2006 16:31

Cheers CR. Been in CHTR since early 400ish, when the directors were filling boots. Still holding for more. :-)

[bjs38] 26/6/2006 16:23

I have looked back at companies results going back ten years, and revenues are almost at historical highs. The company has usualy had two or three good years and then big falls in revenue.

My question is what makes this run up different from all the gyrations the company has experienced before? Is this a company that can grow nicely at 20%-50% or just a cyclical in which case perhaps there is little benefit left?

[cockneyrebel] 26/6/2006 16:22

CHTR - the number 2 isable stock perhaps?

Very cheap, trading ahead of expectations, can't be on a forward PE of more than 12, the lowest of a FTSE250 stock I can think of. No debt and 6 brokers with a buy rec, one with an add. Could be a belter still imo - and very liquid.

CR

[xdavid] 26/6/2006 15:51

Anyone know where that BB is he's talking about? Sounds good! ;-)

[iandippie] 26/6/2006 15:49

A big thankyou to CR, et al, for bringing MSI to my attention via the SMC board. I posted a cheeky request on the SMC board many moons ago, asking if there was an equally undervalued stock that was ISAble. I think at least about four of you mentioned MSI!

Once again, cheers. :-)

P.S. So, if MSI is the best ISAble stock, what's the no. 2 best ISAble stock?

[xdavid] 26/6/2006 15:48

My first reaction was, "Oh NO! There goes the neighbourhood!" - I really liked this nice quiet backwater ;-)

"I would expect a statement any day now..." ...that'll be the Final Results, then? To all new visitors, probably sometime this week, my bets on Friday.

[gswredland] 26/6/2006 15:32

Been tipped by frequenttrader this afternoon.

[iandippie] 26/6/2006 14:29

Oi, stop going up! I was looking to top up after results!

[rivaldo] 26/6/2006 13:49

Now even hornier! Nice buy of 2.5k shares at 190p, 2p over the offer price...

[gswredland] 26/6/2006 13:14

That chart is looking horny!