Murgitroyd Share Discussion Threads

[wjccghcc] 16/1/2006 09:06

Look well undervalued versus RWS. Expectations for the year were PBT of 1.18mm and EPS of 14.4p but they already did 665k and 7.56p in H1 with strong organic growth outlook continuing. Must put them on a PE of sub 15. Have switched from RWS (PE of 20) into this.

[faraway] 16/1/2006 08:51

As results go, they could hardly come more positive!

[johnv] 09/1/2006 22:50

results out next monday and yet all indicators point downwards.Lets see how far down this goes.

[energyi] 20/10/2005 21:01

The Syncrude Project
... Syncrude is the largest holder of Alberta's mineable oil sands leases with eight leases covering 102,160 hectares.



Syncrude has proven reserves of 2.9 billion barrels of SSB plus additional undeveloped resource of 6.1 billion barrels of SSB. The proven, developed reserves represent more than a 30-year lifespan using today's infrastructure with the potential to extend reserve life beyond the year 2050 as the leases are developed.

.... is a joint venture undertaking among Canadian Oil Sands Limited Partnership (5%); Canadian Oil Sands Limited (31.74%); Conoco Phillips Oilsands Partnership II (9.03%); Imperial Oil Resources (25%); Mocal Energy Limited (5%); Murphy Oil Company Ltd. (5%); Nexen Inc. (7.23%); and Petro-Canada (12%) are the project owners, and Syncrude as the project operator.
Syncrude's Mildred Lake facility is located 40 kilometres north of Fort McMurray.

Canadian Oil Sands Ltd. (t.COS.un): 739732: owns 31.74%

Imperial Oil (IMO.t): 103409 : owns 25.0%

Petro-Canada : 15641 : owns 12.0%

Nexen (NXY.t) : 373438 : 7.23%

Murphy Oil (MUR): owns 5.0%


Canadian Oil Sands (t.COS.un): 739732 : owns 31.74%
Imperial Oil...... (t.IMO)...: 103409 : owns 25.00%
Petro-Canada...... (t.???)...: 15641- : owns 12.00%
Nexen............. (NXY.t)...: 373438 : owns. 7.23%
Murphy Oil........ (MUR).....: ...... : owns. 5.00%
Totals============ 5 co's....: ...... : 80.97%





Syncrude Canada Ltd. is the world's largest producer of crude oil from oil sands and the largest single source producer in Canada. We currently supply 13 percent of the nation's petroleum requirements.

= = = = =
LINKS:
Nexen's interest:

[mitzis] 17/9/2005 08:43

Momentum magazine says buy..

[faraway] 31/8/2005 18:51

A significant volume of just over 1% of the company was sold by way of 2 deals after 16.00 today and the mid-price rose 3p!
Can anyone explain that one?

[tole] 30/8/2005 18:28

Patent and trademark law group Murgitroyd posted a jump in full-year profits and its shares rose 14p to 194p. In the 12-months to May 31st, the group preliminary pre-tax profits rose 42% to 1.38 million pounds on turnover that rose 18% to 14.5 million pounds. Basic earnings per share came in at 6.2p, up 73% year-on-year. The dividend payment was also hiked by 67% to 3.32p, which left the shares trading on an historic dividend yield of 1.7%. The company said it had an encouraging start to the current year, which it expected to be in line with its expectations

[faraway] 30/8/2005 12:15

NOT BIG BUT SOLID!!

[faraway] 20/7/2005 16:56

OK, so there were 8 little sells - why?

[faraway] 19/7/2005 09:31

Why the drop yesterday?

[deehill] 04/7/2005 10:49

I'm very surpised that there isnt more interest in this one. Seldom do you find a situation where one company has 'cornered the market' and stands to benefit as much as this one does.

[lbo] 12/1/2005 11:21

MURGITROYD (MUR)

Investors Chronicle - United Kingdom; Oct 01, 2004



Aim - Murgitroyd is the only quoted patent and trademark practice in the world, and has a good track record of winning new business. So, with its market in Europe now showing some signs of life, following a period of stability, its shares are worth a closer look.

Murgitroyd offers a range of services, including filing, prosecuting, litigating, licensing and renewing patents. Its customer base spans companies in the fields of technology, engineering, chemistry and biotechnology. But it also works for individual inventors, and both in-house and external patent attorneys. Recent new contract wins include work for IBM, the Royal College of Surgeons and Delphi Auto.

It can take up to seven years to train an attorney - and Murgitroyd employs 22 with an average age of 30, almost half the average age in the industry. The company has also launched a new service whereby attorneys are seconded to work in-house for clients, which has already been well-received, and is likely to further cement its client relationships.



FT MONEY - INVESTING: My first big stocks spree for seven years
By Peter Temple
Financial Times; Nov 13, 2004

Of the remaining three stocks, two fall into the category of what Warren Buffet might call "toll bridges". These are businesses with an asset or business franchise that is hard to duplicate.

The first of these stocks is Paypoint. This company came to the market in September and runs the network of terminals in shops that offer electronic payment of utility bills, mobile phone top-ups, council tax and the like. Many people prefer paying bills this way and there is scope to increase the installed base of terminals and attract more companies and organisations to offer this type of bill payment.

Either way, the system has extremely attractive margins on incremental business and an installed base that is difficult for any competitor to duplicate in a hurry.

The second of the two "toll bridges" is a firm of patent attorneys, Murgitroyd Group. Patent work is soaring as companies become increasingly conscious of the worth of their intellectual property. Moreover, activities such as, for example, internet downloading of music can pose threats that need to be countered with legal action.

It also takes seven years to train a patent attorney. So a firm such as Murgitroyd with an experienced cadre of these legal specialists should do very well. That is what I am banking on.

[ashley james] 30/10/2000 10:38

Shedloads,

WH Ireland acting for them, and I feel the fundamentals look very good and producing:-


RNS Number:8443Q
Murchison United NL
13 September 2000


Part 4

Comments by directors
Comments on the following matters are required by ASX or, in relation to the
half yearly report, by AASB 1029: Half-Year Accounts and Consolidated
Accounts. The comments do not take the place of the directors' report and
statement (as required by the Corporations Law) and may be incorporated into
the directors' report and statement. For both half yearly and preliminary
final reports, if there are no comments in a section, state NIL. If there is
insufficient space to comment, attach notes to this report.

Basis of accounts preparation

Material factors affecting the revenues and expenses of the economic entity
for the current period

The economic entity entered into hedging arrangements with WestpacBanking
Corporation for US$180 million at an average rate of A$/US$0.648. In May 2000
the economic entity restructured its currency hedging arrangements with
Westpac such that it will deliver its US$ revenue at spot for the remainder of
the calendar year.
The economic entity purchased the Renison Bell deferred consideration and
associated royalty for $23.0 million.

A description of each event since the end of the current period which has had
a material effect and is not related to matters already reported, with
financial effect quantified (if possible)

Nil

Franking credits available andprospects for paying fully or partly franked
dividends for at least the next year

$633,217 (at 34%). It is not the economic entity's intention to pay dividends
in the next financial year.


Changes in accounting policies since the last annual report are disclosed as
follows.
(Disclose changes in the half yearly report in accordance with paragraph 15(c)
of AASB 1029: Half-Year Accounts and Consolidated Accounts. Disclose changes
in the preliminary final report in accordance with AASB 1001: Accounting
Policies-Disclosure.)

Nil

Additional disclosure for trusts N/A

19.1 Number of units held by
the management company or
responsible entity or
their related parties


19.2 A statement of the fees
and commissions payable
to the management company
or responsible entity.

Identify:
* initial service charges
* management fees
* other fees


Annual meeting
(Preliminary final report only)

The annual meeting will be held as follows:
Place Perth

Date Late November 2000

Time

Approximate date the +annual Late October 2000
report will be available


Compliance statement

1 This report has been prepared under accounting policies which comply
with accounting standards as defined in the Corporations Law or other
standards acceptable to ASX (see note 12).

Identify other standards used


2 This report, and the + accounts uponwhich the report is based (if
separate), use the same accounting policies.

3 This report does give a true and fair view of the matters disclosed (see
note 2).

4 This report is basedon +accounts to which one of the following applies.

The +accounts have been audited.

5 If the audit report or review by the auditor is not attached, details of
any qualifications will follow immediately they are available. (Half
yearly report only - the audit report or review by the auditor must be
attached to this report if this report is to satisfy the requirements of
the Corporations Law.)

6 The entity has a formally constituted audit committee.


Notes

1. For announcement to the market - The percentage changes referred to in
this section are the percentage changes calculated by comparing the
current period's figures with those for the previous corresponding
period. Do not show percentage changes if the change is from profit to
loss or loss to profit, but still show whether the change was up or down.
If changes in accounting policies or procedures have had a material
effect on reported figures, do not show either directional or percentage
changes in profits. Explain the reason for the omissions in the note at
the end of the announcement section.

2. True and fair view - If this report does not give a true and fair view of
a matter (for example, because compliance with an Accounting Standard is
required) the entity must attach a note providing additional information
and explanations to give a true and fair view.

3. Consolidated profit and loss account
Item 1.1 The definition of 'operating revenue' and an explanation of
'sales revenue' (or its equivalent) and 'other revenue' are set
out in AASB 1004: Disclosure of Operating Revenue.
Item 1.2 'Share of Associates' 'net profit (loss) attributable to
members' would form part of 'other revenue' in AASB 1004 to
the extent that a profit is to be reported. ASX has elected
to require disclosure of a share of a loss in the samelocation
for consistency of presentation.
Item 1.4 '+operating profit (loss) before abnormal items and tax' is
calculated before dealing with outside +equity interests and
extraordinary items, but after deducting interest on
borrowings, depreciation and amortisation.
Item 1.7 This item refers to the total tax attributable to the amount
shown in item 1.6. Tax includes income tax and capital gains
tax (if any) but excludes taxes treated as operating expenses
(eg, fringe benefits tax).

4. Income tax - If the amount provided for income tax in this report differs
(or would differ but for compensatory items) by more than 15% from the
amount of income tax prima facie payable on the profit before tax, the
entity must explain in a note the major items responsible for the
difference and their amounts.

5. Consolidated balance sheet
Format - Theformat of the consolidated balance sheet should be followed
as closely as possible. However, additional items may be added if greater
clarity of exposition will be achieved, provided the disclosure still
meets the requirements of AASB 1029 and AASB 1034. Banking institutions,
trusts and financial institutions identified in an ASIC Class Order dated
2 September 1997 may substitute a clear liquidity ranking for the Current/
Non-Current classification.

Basis of revaluation - If there has been a material revaluation of
non-current assets (including investments) since the last +annual report,
the entity must describe the basis of revaluation adopted. The
description must meet the requirements of AASB 1010: Accounting for the
Revaluation of Non-Current Assets. If the entity has adopted a procedure
of regular revaluation, the basis for which has been disclosed and has not
changed, no additional disclosure is required. Trusts should also note
paragraph 10 of AASB 1029 and paragraph 11 of AASB 1030: Application of
Accounting Standards etc.

6. Statement of cash flows - For definitions of 'cash' and other terms used
in this report see AASB 1026: Statement of Cash Flows. Entities should
follow the form as closely as possible, but variations are permitted if
the directors (in the case of a trust, themanagement company) believe
that this presentation is inappropriate. However, the presentation
adopted must meet the requirements of AASB 1026. +Mining exploration
entities may use the form of cash flow statement in Appendix 5B.

7. Net tangible asset backing - Net tangible assets are determined by
deducting from total tangible assets all claims on those assets ranking
ahead of the +ordinary securities (ie, all liabilities, preference shares,
outside +equity interests etc). +Mining entities are not required to
state a net tangible asset backing per +ordinary security.

8. Gain and loss of control over entities - The gain or loss must be
disclosed if it has a material effect on the account. Details must
include the contribution for each gainor loss that increased or decreased
the entity's consolidated profit (loss) from ordinary activities and
extraordinary items after tax by more than 5% compared to the previous
corresponding period.

9. Rounding of figures - This report anticipates that the information
required is given to the nearest $1,000. However, an entity may report
exact figures, if the $A'000 headings are amended. If an entity
qualifies under ASIC Class Order 98/0100 dated 10 July 1998, it may
report to the nearest million dollars, or to the nearest $100,000, if the
$A'000 headings are amended.

10. Comparative figures - Comparative figures are the unadjusted figures from
the previous corresponding period. However, if there is a lack of
comparability, a note explaining the position should be attached.

11. Comparative figures when equity accounted information first included in
the accounts - There will be a lack of comparability in the figures for
the previous corresponding period when equity accounted information is
first included if this information has a material effect on the
consolidated accounts. If it does have a material effect, attach a note
providing a better comparison by restating 'Operating profit (loss) after
tax attributable to members' (item 1.10) and 'Investments in associates'
(item 4.8) for the previous corresponding period to incorporate equity
accounted information. In addition, as required by Note 1, no directional
or percentage changes in profit are to be reported in the 'For
announcement to the market' section. Where the disclosures were not
previously required in Appendix 4B, no comparatives need be shown.

12. Additional information - An entity may disclose additional information
about any matter, and must do so if the information is material to an
understanding of the reports. The information may be an expansion of the
material contained in this report, or contained in a note attached to the
report. The requirement under the listing rules for an entity to complete
this report does not prevent the entity issuing reports more frequently.
Additional material lodged with the +ASIC under the Corporations Law must
also be given to ASX. For example, a directors' report and statement, if
lodged with the +ASIC, must be given to ASX.

13. Accounting Standards - ASX will accept, for example, the use of
International Accounting Standards for foreign entities. If the standards
used do not address a topic, the Australian standard on that topic (if
one) must be complied with.

14. Corporations Law financial statements - As at 1/7/96, this report may be
able to be used by an entity required to comply with the Corporations Law
as part of its half-year financial statements if prepared in accordance
with Australian Accounting Standards.

15. Issued and quoted securities - The issue price and amount paid up is not
required in items 18.1 and 18.3 for fully paid securities.

Enquiries:

Paul Atherley, Managing Director
Telephone [phone]
Facsimile 00 618 9321 7747


END
FRCGUUCABUPUGMP

[ashley james] 29/10/2000 22:31

Shedloads,

Did you load up with MUU, looks very good value to me?

Cheers

Ashley

[stitch] 29/10/2000 21:45

Shedloads....according to my stockbroker you would be unable to sell this stock until you had your hands on the share certificate,which could take some considerable time as pointed out by Dorsey earlier.

[dorsey] 29/10/2000 20:25

But for how long??

[suzyzzz] 29/10/2000 17:36

For info only
Murchison is also listed as MUU as well as MUR
suzy