Share Name Share Symbol Market Type Share ISIN Share Description
Mtl Instruments Group LSE:MTI London Ordinary Share GB0005507768 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 705.00p 0.00p 0.00p - - - 0 06:37:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment - - - - 137.16

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Date Time Title Posts
13/11/201517:30MTI Wireless Edge LTD, A Newbie Tech Well Undervalued.4
19/12/200723:03MTL instruments128
02/2/200317:24MTL Instruments Group PLC9

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rivaldo: Oh yes :o)) 750p at least? That would be a 2008 P/E of 20... "Statement re possible offer The Board of The MTL Instruments Group plc ('MTL' or the 'Company') notes the recent movements in its share price and confirms that it has received a preliminary approach which may or may not lead to a formal offer being made for the Company. The Board of MTL, which is being advised by Arden Partners plc, wishes to stress that there can be no certainty that this approach will lead to an offer for the Company. A further announcement will be made as and when appropriate."
rivaldo: Aha (to quote Alan Partridge)! I suppose we have to conclude that the share price continues to rise for other reasons then.
rivaldo: Ah....DOQ, ta for that, I hadn't noticed (a bit slow at the moment!). Given that MTI is pretty firmly held a FTSE Small Cap promotion could have quite an interesting effect on the share price :o)) Or of course it could just be that MTI is an excellent company likely to be acquired at some point. Which it is imo.
rivaldo: Crikey, you gave me a shock there henry! That's the first post here by anyone else since June :o)) Agreed, continued and unusually large volumes going through into a rising share price trend. I tend to think MTI will be acquired at some point. But on what will soon be a current year P/E of 14.9 the company remains pretty decent value on fundamentals imo.
rivaldo: From the Frequenttrader web site today - I agree that it shouldn't take much buying to get new highs here: "MTL Instruments has made another acquisition showing it is very keen to grow. The share price hasn't budged but I carry on holding with my view that the company is overlooked. But once it gets on the radar of buyers, it will fly and repay my long-term view."
ianmacg: Tip from the share weekly, as you see its a couple months old but nothings changed other than the entry price??? Friday, September 05, 2003 MTL's prospects look MOST impressive MTL Instruments Group Business Summary Design, manufacture and marketing of electronic explosion-protection instruments and devices for use in the measurement and control of industrial processes carried out in hazardous environments. Market: Main Website: The case for buying shares in MTL Instruments Group has much to do with MOST. This is a new product (to be described below) that chief executive, Graeme Philp, tells me could become bigger than the whole of the rest of the business. This is an exciting prospect since it is likely to command high margins. Reassuringly for investors, MTL is a business with a long record of success and is highly regarded by the giant companies in the oil, petrochemicals, pharmaceutical and other process plant businesses that use its products. The shares offer an unusual combination of solid value with considerable speculative potential. Market Data EPIC Company Share Price Market Cap £m PER Dividend Yield% 12-Month hi-lo Company Report MTI MTL Instruments Group 192.50 35.72 35 3.12 77.50-192.50 There is more to the case for the shares than just MOST. MTL consists of three divisions, intrinsically safe electronic controls for industries processing hazardous materials, equipment for preventing dangerous power surges widely used in the telecommunications industry, and the new product, MOST. There is a real possibility that after some difficult years all three divisions could start to prosper simultaneously; that won't happen this year and maybe not even next, but looks very likely on a three- to four-year view which is an attractive time horizon for investors. Oil price collapse in 1998 launched tough period for MTL Until a few years ago, electronic controls for processing hazardous materials where almost the whole of the group's business. The customers were overwhelmingly in the oil and gas business, which made MTL's fortunes depend on the oil industry and the price of oil. Putting it simply, MTL provides controls that make it safe to use electric power with highly combustible materials. These are vital products with lives at stake, so quality and reputation is a higher consideration than price. MTL has over 30 per cent of the world market and enjoyed years of strong growth as a result. Problems began in 1998 when the oil price fell to $10 per barrel, triggering a downturn in the industry and hitting capital spending budgets. When the oil price began to recover, demand was again slammed by the September 2001 attacks on the World Trade Centre. However there are now signs of a durable recovery in demand. This, combined with tight control of costs, down by £1.4m in the six months to 30 June, has enabled the company to report a 29 per cent increase in operating profits at a time when conditions generally are described as challenging. The continuing negative for the company is its Surge Protection Division. This was a strong source of growth in the late 1990s and early 2000s but since then demand has been depressed in line with the demoralised state of the global telecommunications industry, especially in the USA where MTL does much of its business. The weakness of the US dollar has been another negative factor. Choice between boosting profits or developing exciting new products In the face of adverse conditions in both its core businesses, Graeme Philp says the company had to make a choice between trying to deliver continuing good profits and rising dividends or ploughing money into developing the MOST product. The decision was taken to keep investing and hope that shareholders would appreciate the long-term benefits. Perhaps because of the general bear market this proved a vain hope in the short term. Although profits have been gently grinding higher since 1999, albeit at levels below the 1998 peak, the shares have been savaged. They fell from a peak over 400p in 2000 to a recent low point of under £1. Shareholders may not have liked, or more probably, not fully understood what was happening, but, as a result of that decision, the likelihood is that in a few years time the group will be making profits well above the 1998 peak of £5.4m and the shares too will have far exceeded the 2000 peak. MOST at heart of open systems revolution MOST stands for Modular Open Systems Technology. It heralds a transformation in the way the process control industry operates. At the moment, hardware for the process control industry is made by a number of different companies; they include giants like Honeywell, Emerson and others. Customers had to choose to go with one or the other for all their requirements. The move to open systems means that the hardware will come in the form of modular components that can be snapped together to form the hardware basis of a control system. The giants like Honeywell will compete to supply the process control software to make the systems work. As with personal computers, the big money is in the software that will enable the same hardware to work in very different industries from breweries to chemical plants. MTL says it doesn't mind being stuck with the increasingly commoditised hardware end of the business. It is never going to suffer the same cut-throat competition as is seen in consumer markets and is used to making money from high volumes of production. MTL is, in any case, just as much an intellectual property and know-how-type of business as the US and Japanese giants. One of its future plans is to outsource production to specialist third party manufacturers in places like China. Just like Dell with its emphasis on product design and marketing, there is no need any more for a company like MTL to actually make anything. £16m spent in eight years developing MOST Although MOST has the most exciting prospects, that is not the only interesting piece of new technology coming out of MTL. Another important new product that is just starting to have an impact is FieldBus. This brings the digital revolution into the world of process plant by providing, in effect, an ethernet to link the control equipment. This replaces the old cables making the new systems cheaper to instal and operate and building in capabilities such as self-diagnosis of the system, making maintenance cheaper. Financial Data Fiscal Year Proj Turnover £m Pretax Profit Change % EPS Change % DPS Change % 2002 60.1 3.70 NA 14.9 NA 6.00 NA 2003 * 64.0 4.50 21.6% 17.6 18.1% 6.00 0% 2004 * n/a 5.40 20% 19.9 13.1% 6.00 0% EPS - Earnings per Share DPS - Dividend per Share An idea of the potential for the group comes from some numbers on MOST. In the last six months MOST accounted for £7.6m sales out of £29.9m and £1.2m of losses against an overall operating profits of £1.8m. Over the last eight years some £16m has been invested in developing MOST. The plan is for the division to break even in 2004 and make profits thereafter. Very little of this potential is recognised in a market valuation of £35.7m. The Share Weekly Quality Ratings Relative Strength 10-year Trend Latest Trading Profit Forecast Ratios External factors TSW Rating 6
panagos: MARKET COMMENT Ten Super Techs By Maynard Paton (TMFMayn) August 29, 2003 On the look out for stock market bargains? The book Super Stocks could help. Author Ken Fisher, son of investment legend Philip Fisher, offers some clever stock picking ideas for those with a liking for unloved technology shares. Fisher identifies potential 'Super Stocks' by applying two valuation measures: the price to sales ratio (PSR) and the price to research and development ratio (PRR). Fisher concentrates on the PSR because: "It is rare to see a Super Company have a truly substantial sales decline. It is quite common to see one suffer from severe earnings reversals. The increased relative stability of sales, in relation to other financial yardsticks, allows you to use sales as an anchor in the process of securities valuation." In terms of using the PSR, Fisher suggests: "Avoid stocks with PSRs greater than 1.5. Aggressively seek Super Companies at PSRs of 0.75 or less." Fisher also takes into account 'the cost of a good set of brains'. He believes the future revenues of a technology company are linked to its current expenditure on R&D and thus the PRR is a rough way of gauging a long-term PSR. Fisher advises on the PRR: "Don't ever buy a Super Company selling at a PRR greater than 15. Find Super Companies with a PRR of 5 to 10." Here are ten UK technology-related companies that currently fit Fisher's PSR and PRR criteria: Company Share Market PSR PRR P/E* Yield* price value (%) (p) (£m) Spirent (LSE: SPT) 47 441 0.8 5.6 25.0 - Filtronic (LSE: FTC) 207 154 0.6 5.4 47.1 1.3 RM (LSE: RM.) 127 113 0.6 8.6 20.8 3.3 Oxford Instr. (LSE: OXIG) 183 88 0.5 6.8 14.9 4.6 Genus (LSE: GNS) 214 72 0.4 8.9 9.8 2.9 MTL Instruments (LSE: MTI) 140 26 0.4 4.6 8.2 4.3 Xaar (LSE: XAR) 39 23 0.8 7.3 144.4 - Flomerics (LSE: FLO) 82 12 1.0 4.7 31.5 1.2 Telspec (LSE: TSP) 26 11 0.3 2.0 31.0 - Intelek (LSE: ITK) 10 9 0.2 3.9 6.4 3.5 (*Prospective) A mixed bunch, covering companies involved in developing telecom equipment, educational software, super-conducting magnets, bovine genetics, explosion protection devices and inkjet printers. A cursory inspection suggests Oxford, Genus, MTL and Intelek -- all of whom have a dividend and the prospect of earnings growth this year and next -- to be the pick of the crop. However, successful tech investing has never been easy. A Super Stock search performed in March 2001 threw up ten candidates whose subsequent share price performances ranged from -100% to +166%. But investing equally in all ten has so far produced a 1% portfolio gain -- not bad considering the FTSE has fallen 25% and the techMARK 60%. But it goes without saying that anybody following Fisher's tech strategy ought to select a good spread of suitable shares.
affc21: LONDON (AFX) - MTL Instruments Group PLC moved to reassure investors after its recent share price drop by saying it expects results for the year to Dec 31 to be in line with market expectations. More info: Has any one got any thought's on this company.
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