Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Biggest brake to upswing is huge pension deficit.
As usual I'm totally out of funds mate so no I haven't. But I really do like the look of MLIN so I intend to do further research. I really want to get to the bottom of the recent downtrend because, from what I can tell, there's no reason for it seeing as the fundamentals are v good and the news flow has been positive.
have u?
Lowly valued For the current financial year, Canaccord are forecasting Molins will grow revenues by around 2 per cent to £95m and raise operating profits by 10 per cent to £5.5m. A higher tax charge means underlying EPS is expected to be flat at 22p. However, this is unlikely to hold back the dividend which is expected to rise to 5.7p a share, having been raised from 5.3p to 5.5p last year. On this basis, the shares trade on 7.5 times forward earnings and yield around 3.5 per cent. That is a pretty attractive rating, which becomes even more compelling once you consider that Molins had net funds of £7.4m, worth 36p a share, at the December year-end. Strip this cash out from the share price and the multiple drops to a bargain basement six times earnings. For good measure, the shares trade on a modest 10 per cent premium to net asset value. Chart break-out looms Interestingly, shares in Molins started an upmove late last week which I believe signalled the end of a five month long consolidation period. In my opinion, there is a real possibility that the price could rally through the late February high of 173.5p and towards Canaccord's target price of 200p. The technical set-up is certainly supportive of such a move and a close above this level would improve the odds of the shares rallying back to the August 2007 bull market high around 220p.
Very welcome rise in share price today. There is no apparent reason for this. Has anyone any ideas?
5 year chart: http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=s3gi6QjqPGmcO6CUsZuEFScaTEH6ujV5&symbol=L%5ECEY
MOLINS PLC INTERIM MANAGEMENT STATEMENT Molins PLC, the international engineering and services company, today announces its interim management statement covering the period from 1 July 2012 to 24 October 2012. The Company's Half-Year results to 30 June 2012 were announced on 31 August 2012. Sales in the third quarter were at similar levels to those in the first two quarters of the year and, as in recent years, sales are expected to be heavily weighted to the last quarter. Order intake in each of the Group's three divisions remains ahead of the same period last year and in line with expectations, and each division has a strong order book for delivery in the fourth quarter. Performance in the period was broadly as expected. The board's expectation of Group performance for the year as a whole remains unchanged. There has been no significant change in the financial position of the Group since 30 June 2012.
http://www.investegate.co.uk/Article.aspx?id=201210250700074760P
Valuation: Undervalued The prospective rating of 6.7x current year earnings compares with a weighted average of 14.5x for a group of international engineering groups. While there are major differences in size and the relative trading records, the big gap between the ratings demonstrates considerable upwards potential if medium-term objectives can be delivered.
The market was not impressed however; at 10:11, the stock had fallen 12.6%.
Molins, which produces cigarette making equipment and packaging machinery, has reported a steep fall in pre-tax profits but insists its performance will improve in the second half. Group sales in the six months to June 30th were £39.9m, down only slightly on the £38.8m the year before. However, underlying operating profit was just £0.8m compared to the £1.7m seen at the same point last year. Underlying earnings per share came in at 3.6p (2011: 6.3p) while net funds at June 30th were £5.7m down from the £7.1m reported at the end of 2011. On a brighter note, Molins says orders are 14% up on the prior year. Chief Executive Dick Hunter commented: "As indicated previously, group trading performance will be strongly second half weighted and the board's expectation of performance for the full year remains unchanged.
Correction PDF http://www.edisoninvestmentresearch.co.uk/researchreports/Molins020712Update.pdf
Valuation: Opportunity remains The prospective rating for Molins is still around half that of the leading UK-based international engineering groups. While size and the past trading record are reflected in the differential, there is significant appreciation potential if immediate ambitions in the Scientific Services division can be realised.
http://www.edisoninvestmentresearch.co.uk/researchreports/Molins020712Update.pdf
Writing in this weekend´s Financial Times David Schwartz singles out Molins for special attention. Mr.Schwartz highlights the fact that the company, which produces tobacco and packaging machinery (and offers product testing services) announced a sharp rise in 2011 earnings. Even better, he says, the company is optimistic as regards its future and has increased its dividend. Furthermore, at a forward PE of 6.5 its shares´ valuation is currently quite low. As well, the stock price has been moving inside a rising up-trend channel for the past two years. Lastly, he extolls the company´s hidden value. Tobacco testing regulations in the US are changing, with responsibility recently being assigned to the Food and Drug Administration (FDA). The FDA is setting up a testing program which will require tobacco products to be evaluated on up to 96 potentially dangerous chemical compounds. Molins should benefit once the FDA testing protocol is published later this year.
For anyone interested this was the March 2011 write up. Expectation is the forecasts for this year could well be exceeded. http://www.mediafire.com/?quy59m7m9qlv5kn .
Strong buy the whispers say.
Interim Management Statement Molins PLC, the international specialist engineering group, is holding its Annual General Meeting today and is issuing its interim management statement covering the period from 1 January 2011, the start of the Company's financial year, to date. Group sales in the first part of the year were broadly in line with internal plans and at similar levels to the equivalent period in the prior year. Operating performance has also been broadly in line with expectations to date. Order levels in the full year are expected to be in line with those included in the Group's internal plans and the board's expectations of Group performance in the full financial period remain unchanged. There has been no significant change in the financial position of the Group since 31 December 2010.
http://www.investegate.co.uk/Article.aspx?id=201105061405541210G
http://www.investegate.co.uk/Article.aspx?id=201103010700130268C
Molins almost doubles profit Date: Tuesday 01 Mar 2011 LONDON (ShareCast) - Shares in cigarette vending machine maker Molins rose 6% after it almost doubled annual pre-tax profit and increased revenue following a strong final quarter. Performance in Packaging Machinery improved significantly in the year and Scientific Services continued to perform strongly, the group said. Trading at Tobacco Machinery was lower than in the previous year and as a result the group has reduced its cost base. "Although the economic environment remains uncertain and market conditions are challenging, we are cautiously optimistic about the future performance of the group," said chief executive Dick Hunter. Pre-tax profit on continuing operations rose to £4.1m in the year ended 31 December 2010 from £2.1m before. Revenue rose to £86.4m from £83.8m previously. The group incurred exceptional charges in the year of £1.6m before tax in respect of reorganisations within the Tobacco Machinery division. Molins said it entered 2011 with an order book only slightly lower than that of the year before, with satisfactory levels of prospective projects under discussion. The final dividend has been maintained at 2.5p per share.
cheers - it was just that the tip off came on the 5th as was the trade for 30k & then today the sell off of 32k - maybe no link at all and the SP has continued to rise - anyways thanks for the info mate. i'm out n back into into media - looking to mec a lilttle there........... u guys seem really quiet today everything ok - u still feelin unwell?
todays is a sell for 32,000 and the 05/03/09 was a buy for 30,000 I don't see any link as such?
Loftya31 - could I ask a favour to check out some trades for me - see on the 5th a trade for purchase of these 30k shares then a sell for 30k shares today also shown - suspicious thats all matey!