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not invested either but also been watching since I sold at 63. Not pretty is it, I'm assuming a seller and as it's so illiquid it falls in droves, last share I saw similar was msys which went from 60p to 1p ! debt pile isn't too handsome either
here but just keeps dropping. Anyone have any thoughts?
probably a slow safe burner so not for me - but firmly in watchlist!
Last results: Profit before taxation up 22% to $2.2m (FY 2014: $1.8m). Expect that to increase imo.
A number of key client wins from our Peregrine Guarding business in our final quarter have contributed to this performance. We have added further Blue Chip clients to our customer base across India, including JP Morgan, Cummins, Fortis Hospital, Cairn India and Delhivery. Our UK subsidiary Office & General Group Limited (O&G), has performed well since acquisition in September 2015. We were particularly pleased to be confirmed as the new facilities services provider for the University of Hertfordshire in a contract worth in excess of £55 million spread evenly over 10 years of the contract. O&G is expected to account for c. 25% of Group turnover for the financial year. In addition O&G signed two new contracts with UK customers during the final quarter worth in combination over £230,000 annually. Our other acquisition, Frontline Security Pte, is performing better than management expectations and continues to demonstrate good growth. The Company has a strong pipeline of sales and remains confident of the outlook for the new financial year. Mortice intends to publish its preliminary results for the year ended 31 March 2016 before the end of August 2016.
Under the radar here it seems... great update imo: "Group turnover is expected to show a continued pattern of growth. The Company expects revenue to be at least US$124m, an increase of at least 40% on the previous year (2015: US$88.4m)." MCAP £46M?
Whoosh. £55m contract.
Just noticed I posted here @ 42p. Now 73p. Should have invested back then. Heyho...
Also another nice RNS here... quite a few today: Revenues grew by 19% to $88.4million (FY 2014: $74.4m) o Security services revenue increased 20% to $63.6m (FY 2014: $52.9m) § Accounting for 72% of group revenues o Facilities Management services revenue grew 16% to $24.4m (FY 2014: $21.0m). § Key client win with online retailer Amazon · EBITDA $4.13m (FY 2014 $3.45m) · Profit before taxation up 22% to $2.2m (FY 2014: $1.8m)
Mortice Limited Considers Acquisition Strategy https://www.google.co.uk/finance?q=LON%3AMORT&ei=s7BUVZnXCsS7U_ujgMgH
refreshing change,,,,,,,,,,,,,,,,,
Makes a change :D
Hey mate. I had a quick browse but not had much time to look - was busy weekend. I probably should have got that and not CRV last week but wasnt sure... now 0.6p to buy - could have got at 0.55. Oh well. SYQ seems to be the one to watch today. No board yet though!
ya beat me babs.......http://www.investegate.co.uk/mortice-limited--mort-/rns/interim-results/201312020728293934U/
Quiet here but strong results! v Revenue increased by 25% in INR terms and 15% in USD terms v Guarding services revenue has grown by 26% in INR terms and 17% in USD terms v Facilities Management services revenue has grown by 22 % in INR terms and 13% in USD terms v Profit before taxation up by 21% in INR terms to 92.02 million (H1 2012/13: INR 75.8 million) and 12% in USD terms to 1.55 million (H1 2012/13: US$ 1.39 million)
"We welcome Vishnu Sultania and his comprehensive experience in and expertise will be invaluable in assisting the growth of Mortice Group, particularly in evaluating and undertaking acquisition, investment and strategic opportunities," Rajain said.
Manjit Rajain, Chairman of Mortice, said: "We welcome Basil Keelor and look forward to his contribution from the years of professional experience gained by him in various positions that he has held in the past." Vishnu is a chartered accountant and a company secretary with 19 years of experience working for Telstra Corporation Limited, Verint Systems Inc., BCL Secure Premises Pvt. Ltd. Most recently, Vishnu was Director of Finance-South Asia for OCS Group, operating out of Gurgaon.
Mortice announced Thursday the appointment of Basil Arun Keelor as Group Chief Executive Officer (CEO) and Vishnu Sultania as Group Chief Financial Officer (CFO). The AIM-listed security and facilities management company said the new CEO and CFO would start immediately. Keelor is an ex-marine engineer with more than 30 years of experience in the field. He has also worked in real estate, property management and facilities management for various organisations including Denholm Shipping Company, ITC Welcomgroup Hotels, Thyssen Krupp Industries, Svedala Industri AB, CB Richard Ellis, Jones Lang LaSalle and Bharti Airtel Limited. Basil was most recently Senior Vice President and Group Head of administration of Essar Group in Mumba.
Put in loads of money today!
on list may be, but the spread is crazy.
Considering sticking this on the shopping list. Any thoughts anyone. At present I am not liking the gap in the Share Price and Bid Price. And also the lack of trading in this share.