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Quite a decent update in these difficult times. Must check to see the proportion and destination of exports in the last AR to get an idea how our "longest recession in a century" will hit us!
Sold, taking 10%, that’s where I’m at in this current market. On the watchlist of course.
Yes, I'm currently long @ 220p. Targets are very malleable in this current market shall we say.
It seems the CFO shares my bafflement - sizeable director purchase just now.
I'm baffled why steady-as-she-goes Morgan is being pulled down by the sinking ship thàt is the British economy and pound, which should be favouring an innovative exporter; Energy and a weakening global macroeconomic backdrop a bit of a headwind - but an almost halving of the MCap in the last few months?- Could it's meagre £650m price, steady earnings and attractive IP attract the attention of a predator I wonder?
Sold in June but has come back onto my radar, with this being in the manufacturing sector was the sell off due to rising energy prices? When Liz announces support for businesses similar to households then we could see a rise in the share price here? Might be worth a short term trade.
Very good point Bill. I think the yield is good and results were good and it is bombed out so I am going to buy as a regular investment. I have been caught on these yield plays before but hope I can get a turn here. 310p TP.
The thing that bothers me most about this venerable company is the valuation of its large portfolio of patents on the balance sheet, without which its gearing would be over 130%. Intangibles are hard to value accurately and, when tested in the market, often fall short.
Second, I see that there has been little progress in the SP for many years. In fact, it was higher in 2007 than it is today. Given that it's been around for such a long time and listed since 1946, it qualifies as a sort of dividend dog. It seems cheapish at the moment, but might look cheaper before the end of the month.
It's odd. The results are received well with a 5-10% bounce on the day but then it slides.
I am back in today at 268p.
Any clues why this refuses to fly…results good , tick boxes on ESG , ROCE continues to grow but…..no-one seems to love the share enough.
Taken 12% and the divi. On the watchlist.
Long at 290p, in before ex divi. 275p area a possibility but happy to hold, outlook looks good.
New investor here after the bullish statement a few weeks back.
The price seems to have settled at £3, a chance forme to accumulate before the rise imo
Profits better than expected.
Dividend increase.
Forward PE just over 10.
Company relaxed about inflationary pressures.
any thoughts?? holding this for some reason I have now forgotten...enthusiasm for UK companies with a speciality?
>4% down today, buys >sells, low vol + no news...MMs walking it down for large buy order pre results?
It would be highly unlikely they would drop to 170 unless they're hiding some skeleton in the cupboard. I've always found MGAM to be an honestly run company. Bear in mind that divs have been scrapped for this year and possibly for next year too.
even better now
Adjusting for minority interests, trailing EBIT is £110-120m & EV is c £900m (DYOR all)
but given lack of interest, perhaps retest low of £1.60-£1.70?
..
Back in here. End of year eps growth 10%. P/e 11 plus yield 4.1% looks reasonably priced with some upside potential too....
does anyone know how the graphene projects are going and if there have been any serious applications or is it still a pipedream ?
Very strange to have no reaction to yesterday's telegraph article !
I quite like this co - anybody home?
nice mover expecting 30% today
The Pension deficit is over £200 million. A third of the value of the company! This would put anybody off buying the company. The company is not moving into any new markets and the ones that it is in are contracting. I do not think it is in a lot of danger of going bust but the company share price is not going to fly either. Until the pension deficit comes down I doubt we will ever get back to £3 a share!
So, no surprise, the FD has now been replaced with an (experienced) outsider. Share price has dropped by a third since the new CEO started, but that seems to be due a slow down in their markets rather than any kitchen sinking. I havent invested yet, but certainly the price now looks much more interesting than last year. Still worried about their extensive pension debts, which will be come bigger problem if growth falters further.