Msb Share Discussion Threads

[farsight] 10/5/2006 17:36

Did anybody read about this Hydrogen Group that's being floated on AIM?

Hydrogen was formed in November 2005 when PRO (established 1997) and Partners Group (established 2000) were acquired and formally brought together. Last year the group reported sales of approximately £60 million and net fee income of £20 million.

Apparently their profits are £4m, and they're floating for £60m.

Kinda makes MSB at a £10m marketcap look cheap huh?

[ct98] 22/4/2006 15:02

I'm not sure if they need to sell in order to affect change...............

[snappy] 22/4/2006 11:28

where's the broker forecasts for this year and next?

Surely the £750K cost savings will feed directly through to the bottom line this year?

Still can't see Flaherty and Brown (circa 25% between them) selling out at present prices.

[ct98] 21/4/2006 17:44

"Spring Group" - who they?

[farsight] 21/4/2006 17:42

Oh definitely. 70p is bottom end. I had my calculator out and was multiplying by the famous 1.29 to see what price they might be talking about. Of course, it's really worth 125p.

Farsight - 5 Apr'06 - 10:25 - 182 of 205 edit
Anyhow, the company is worth £13m according to the balance sheet. OK they made a little loss, but business is looking up, and they've just got a prize for being the best IT recruiter. So that's got to be worth a million or two. Let's call it £15m. Then there's the the turnover, which is the thick end of £100m. That's worth £10m easy. So we're looking at £25m. It really is worth this. Compare with HVN marketcapped at £40m with double the turnover but with £8m debt and you can see it. But let's not get carried away, let's call it £20m. And with just under 20m shares we are looking at 100p.

Come on guys, hurry up and seal the deal before Spring Group step in with their oodles of cash.

[ct98] 21/4/2006 17:37

And the rest!

[farsight] 21/4/2006 17:36

70p I reckon.

[stemis] 21/4/2006 17:02

Oops, nice little move up. I wonder if someone's got wind that a deal might be close.

Here's hoping!

[stuart14] 21/4/2006 16:30

Granted costs will be high, they'll be turning over a lot of money on the contract side, but where is the margin going?

Marcus Gold-whatever sold this for £60million a few years ago didn't he?

[kazoom] 21/4/2006 16:25

By having costs of nearly £100.5million?

[stuart14] 21/4/2006 14:49

How on earth can they make a loss of £500k on a turnover of nearly £100million?!

[grigor] 19/4/2006 19:22

3.09% for Church House Investments

[rainmaker] 19/4/2006 12:31

Would expect interested Parties to act sooner rather than later because of cost cutting measures recently announced that are yet to show through!!

regards

[ct98] 18/4/2006 19:28

More than one party giving it the slide-rule treatment..............

[cornelious billy bee] 18/4/2006 19:27

email 4 you farsight

[farsight] 18/4/2006 17:30

Well if it was a certainty we wouldn't be sitting on 51p. Time will tell.

[stemis] 18/4/2006 17:15

Share Mag seems to think a take out price of 75-90p but believes there are too many stars that need aligning for this to be a certainty. I would have said the opposite was the case!

[stemis] 13/4/2006 09:14

Let's hope so, however the market doesn't as yet seem to quite believe it. Still trading at below net current asset level.

[rainmaker] 13/4/2006 00:44

Farsight-The longer they (Quantica) leave it in all probably the more they will have to pay but they are probably fully aware of this.MSB has the sort of potential to reach those heights with recent cost savings and a decent return on Capital invested....we'll see!.You only have to look back over the last 12 twelve years of trading to understand what they are capable of if properly managed.Though, IMHO a safe bet from current levels!!

regards

[farsight] 12/4/2006 13:30

More like 100p Rainmaker. Seriously.

[rainmaker] 11/4/2006 12:30

If Quantica want to deliver a knockout blow then their bid will have to be pitched at 60p+ probably 65p based on Active Value price paid-to give them a good return and the Company's present Net Working Capital of 55p per share

regards

[ct98] 10/4/2006 21:01

lols! You don't get much excitement with this one!!

Perhaps it will have its day shortly - unless an all share offer from Quantica is all that comes............

[ct98] 10/4/2006 17:46

MMs paying over the odds.............who is accumulating? Albeit at a snail's pace!!