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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Murgitroyd Group Plc | MUR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 670.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 670.00 | 670.00 |
| Top Posts |
|---|
Posted at 17/12/2019 14:46 by cwa1 Court sanction of SoA... |
Posted at 15/10/2019 06:35 by cwa1 Well, well, well. That explains a lot! |
Posted at 17/9/2019 06:33 by cwa1 This morning's results seem solid enough on a very quick first glance:-The Group's trading performance in the early part of the new financial year has been strong, comfortably ahead of both budget and the equivalent period last year, partly as a result of a growing case-load from major US-based corporates, including a new retained advisory relationship. With approximately half of Group revenues generated in US Dollars and the majority of overheads incurred in Sterling, recent Sterling weakness is also a net positive, although one which we recognise could quickly reverse in current volatile markets. The Board remains committed to the reinvestment of a proportion of incremental profits in systems, business development and core professional resource to drive future growth. Nonetheless, the Group is currently well placed to deliver on its expectations for the financial year as a whole. |
Posted at 31/8/2018 17:12 by topvest Well, I sold out before the trading update. Odd timing of the update and maybe brought forward by the recent rise in the share price, which was obviously conflicting with a results miss. Results OK by the sounds of things but only before the bad debt. Also 30p pre the bad debt is 10% below the 33p consensus on Stockopedia, so not really in line at all. A lucky escape for me. Could have got nearly £7 earlier in the morning though. Think the strategy here is to buy on a P/E of about 12-15 and sell at 20. The current P/E is toppy at over 20 as MUR hasn’t really grown profits much at all in recent times...so it shouldn’t be rated as a growth stock. Will keep on my watch list. Maybe one to pick up again in the next downturn. Quality stock, but do get the feeling that every year is a real struggle to hit its numbers...tends to indicate that things are getting tougher not better. |
Posted at 28/6/2017 09:54 by jimbo3352 MUR tipped by Questor in Telegraph today |
Posted at 24/1/2017 10:18 by dab26 Hi all,Agreed, 'disappointing' rather than catastrophic but obviously it does nothing to answer the question at to where future growth might come from. According to my data, the largest previous share-price fall was circa 12% in June 2008 so today's market response is unlikely to go unnoticed by the board, not least due to the large family shareholding(s). Given that cash apparently continues to roll in, then I would wonder if a limited buy-back programme might now merit consideration, which along with the mooted dividend increase ought to help underpin the stock price whilst the growth issue is being addressed. Considering a top-up at these levels, but will wait for the results announcement before committing any further capital I suspect. Regards, |
Posted at 24/1/2017 09:10 by eezymunny Yes. First warning in donkey's years (ever?) for MUR. Shame. I haven't suffered a warning in my portfolio for a few years. Happens to us all, alas! |
Posted at 24/1/2017 08:27 by topvest A disappointing update today. A mild profit warning so not the end of the world by any means. Dividend still going up. Braemar yesterday, Murgitroyd today. Not a good week so far! |
Posted at 07/12/2016 09:40 by eezymunny eps growth has indeed been illusory despite consistent top line progress, jg, but the balance sheet, as you say, has strengthened and is now IMO strong enough (£3m net cash and rising, c. £13.5 net current assets) for further acquisitions, cash returns etc.Currency headwinds of recent years are now tailwinds, a reduction in US corp tax rates will boost eps as well (if The Trump's promise is delivered). MUR is, IMO, a very reliable cash machine (may not always be so!), and given the balance sheet (£13.5m nca, £2m property etc) I can make a case that it's very cheap here! You only pay c£30m over and above current NTAV for a company that chucks off c. £4m cash p.a. 3.4% yield here, twice covered is pretty good. Had a few for the EEZY3 portfolio a week or two ago FWIW |
Posted at 06/12/2016 19:05 by jg88721 haven't followed this share closely for years. Just for fun, I looked at growth between 2012 and 2016. eps was 36.76 in 2012, and 35.35 in 2016. revs grew from 35.7, to 42.2m. Profit after tax grew fractionally from 3.14 to 3.3 (incl FX and reval gains). Over that time, debt has reduced, and cash on hand is up. The number of employees at 234 is unchanged.Over the time equity (book value) has increased from 21.3m to 30.4m. What additional earnings has that increased equity investment produced? It seems to me - and in contrast to beta-adjusted and 100rich's comments - that MUR is failing to grow. As such, current PE might be about right? Why hold? |
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