Ms Share Discussion Threads

[brando69] 25/2/2008 18:03

is the chairman the same michael bell who used to run business seminars international? ex tory parliamentary candidate?

,

[gswredland] 25/2/2008 17:59

Are these ISABLE guys?

[onlyonestorm] 14/2/2008 08:56

A nice buy just gone through, £2.40 by May/June!!

[cambium] 28/1/2008 13:32

phew

LOL

[onlyonestorm] 28/1/2008 13:10

Cambium - You beat me to it!!

Stormy

[cambium] 28/1/2008 12:53

Chairman Michael Bell acquired 2,500 shares at 200 pence apiece,
bringing his stake to 4.47 mln shares or 24.12 pct in the company.
On Nov 29, 2007, Bell purchased 6,700 shares at 233 pence each, lifting his
stake to 4.46 mln shares, or 24.11 pct, in the company.

[xdavid] 29/11/2007 14:24

"A big sign would be further buybacks or director buying in coming months."

Well, surprise surprise :-) The RNS actually came out whilst I was composing the above post - I should check my email more often!

Michael Bell buys another 6,700 @ £2.33 taking holding to 4.46 million (24%)



It may be relatively small increase for him but it's enough for me. I've followed his example - the outlook is just too tantalising!

-david

[xdavid] 29/11/2007 13:31

Interesting to see the increase in information contained in the interims. Far more than previous years and more than is usually contained in the finals! Looks like they have taken onboard previous comments to them about lack of transparency regarding the different divisions, with this putting off some investors. Coupled with the audit statement from Ernst & Young (first time I have seen their hat in the mix), I'm wondering if all this adds up to an upcoming push for more investor exposure?

Unusually bullish statements from Michael Bell (backed up by pre-close director buying and the comment regarding retention of exercised options)with phrases like "good visibility" and "forthcoming surge". Even his typical, cautious, ending comment regarding short-term outlook contained the word "buoyant" - careful now, Michael, you'll be getting accused of exuberance!

From the comments, the capital spending signalled in 2006 looks like it is winding down. Despite the obvious large expenditure they still managed to increase cash in hand year on year so the next few years "record order book" earnings should benefit from the resultant leverage. That sizeable capital expenditure for defence division in combination with the H2 "surge" comment does look extremely tantalising, WCB!

2008 estimates (mine) with historic 2007 in brackets, @225p ...
E (fully diluted) ... 21.2 (17.5) - see note 1
PE ... 10.6 (12.9)
PEG ... 0.51 (0.57)
divi yld ... 1.8% (1.6%)
cash per share ... 60p (46p) - presumes net cash inflow continues for H2

Note 1. Earnings - MSI usually have about 25% uplift in H2. The comments suggest this is going to be sizeably increased this year but I have only chalked in a 35% (cautious) increase.

All in all, I like it. Finals should be really interesting. A big sign would be further buybacks or director buying in coming months.

-david

[cambium] 29/11/2007 09:14

Nice move this am

[westcountryboy] 29/11/2007 08:14

Look at the segmental info at the bottom - really large profit increases for forecourts and forgings. Meanwhile defence earnings have been reduced by investment to meet the substantial sales increases flagged up as due in H2 and next year. Go figure, as they say :-)

[cockneyrebel] 29/11/2007 07:36

good results yet again, tons of cash too.

I like this - how refreshing:

"In addition, I, together with my two executive directors, exercised options to purchase a total of 1,912,521 ordinary shares in the Company. It is our intention to hold these shares as long term investments. "

CR

[xdavid] 20/11/2007 13:43

Thanks for the results reminder CR - I forgot to set my bi-annual alarm clock :-)

CFT certainly seems to suggest the metal bashing side will be OK. It would be nice to have more detail from MSI regarding their different divisions as I would be interested in how their Quality Forgings are doing in the current commod market...

(yet another one of their companies that do not appear in the post heading :-)

I remember from previous results that they mentioned an outlay in cash due to high stocking of raw materials necessary for order book. Very prudent - hope they've been doing similar this year and benefiting from passing on high prices!

-david

[cockneyrebel] 16/11/2007 14:02

results in about 10 days.

Seen the CFT trading statement?

I bet MSI are doing even better and director buying just before the closed period.

CR

[chopshs] 17/10/2007 12:32

A34 - yes:
Thanks

[a3477681] 17/10/2007 11:37

Chopshs. Do you have a mail address I can contact you on?

[chopshs] 16/10/2007 21:09

re auctions this might help?

[onlyonestorm] 12/10/2007 11:53

Anyone know why it keeps going into auction, has done for the last couple of days!! Strange.

Stormy

[chopshs] 11/10/2007 18:36

Surprised it's been quiet here last few days as share price has made a significant move up?
Presume a few have sold..... but mm's still don't have much stock and price is rising nicely as people continue to buy. Feels good to me :)
A34 - did your mate say anything more on possible takeover?

[jitters3] 08/10/2007 15:05

thanks a34

[a3477681] 08/10/2007 15:01

According to Digital Look 29th but they often vary

[jitters3] 08/10/2007 14:57

what day in november are results due