Less Ads, More Data, More Tools Register for FREE

Pin to quick picksManagement Resource Solutions Share News (MRS)

  • There is currently no data for MRS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Wednesday tips round-up: Britvic, Mothercare, BG

Wed, 15th Jul 2009 06:37

The sun shines, ergo, the drinks companies do rather nicely. When the group in question, Britvic, owns the Robinson squash brand and Wimbledon turns out to be more entertaining than usual, you would expect it to release good news to the market. Britvic is likely to have a good time of it over the next 12 months, and the Independent would take a punt on the market catching up at a later date. Buy.Britvic shares are now trading on a September 2009 earnings multiple of 11.5 times, falling to 10.4 times next year. With analysts expected to upgrade their forecasts, the current multiple will fall as consensus forecasts rise. The shares are also yielding 4.4%, which is well worth having. Shares in Britvic remain a buy says the Telegraph.Maternity and babywear group Mothercare is one of the exceptions to the gloom in the retail sector. The company's first-quarter trading update should be strong. In total, the company has seen 15 consecutive quarters of like-for-like growth, a remarkable performance in any business, especially given the current market conditions. A current year earnings multiple of 16 is deserved and falls to 14.7 in 2011 then 13.9 in 2012 on growth estimates. Buy says the Telegraph.If you look at a graph of oil explorer Melrose Resources' performance, it ebbs and flows pretty much in line with the price of the black stuff. An equity to raise £11.2m will speed up the drilling of its Kaliakra appraisal well in Bulgaria and its Egyptian field development. It is its Bulgarian gas projects, however, that are really exciting. The shares might do little beyond the oil price, but the yield is among the best in the sector. Buy says the Independent.Bookies are proving relatively resilient in the recession, which is good news for the betting industry technology company Alphameric. Joe Lewis, the super-rich investor who also has a stake in Ladbrokes, has been increasing his stake - a fact that is worth watching closely. The valuation, at 9.8 times this year's forecast earnings, is undemanding, and the yield, at 5.5%, is good. Buy says the Independent.Forget the nags. Shares in Alphameric, which beams live racing footage into bookies' shops, have proved the better bet this year ? more than doubling since January. The problem is that the next batch of UK media rights do not come up for grabs until late 2011, meaning that Alphameric has limited short-term scope to extend its reach to other racecourses. Meanwhile, bookies are deferring spending on new IT systems ? Alphameric's other business ? amid the consumer downturn. The shares have run far enough for now. Pass says the Times. Yesterday, BG took delivery of its first cargo of liquefied natural gas (LNG) to its newly commissioned Dragon terminal in Milford Haven. Meanwhile, BG last month secured a foothold in US shale gas through a $1.3bn joint venture. Further clarity on BG's progress, together with an update on its Tupi deepwater discovery in Brazil, should come with first-half results on July 29. At £10.03, or 15 times earnings, hold on says the Times.Marine services group James Fisher has not been immune from recession: its coastal tankers (which ship oil from refineries to local depots) have suffered from lower volumes. However, any weakness should be more than offset by growth elsewhere while, after an 18-month hiatus, Fisher is well placed to make bolt-on acquisitions. At 401p, or nine times earnings, buy on weakness says the Times. Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
More News
4 Oct 2018 11:09

URU Metals Loss Widens On Administrative Expenses And Financial Assets

LONDON (Alliance News) - URU Metals Ltd on Thursday posted its delayed financial year results showing a widened loss on administrative expenses and an unrealised loss on its shares in Management a

Read more
14 Sep 2018 13:35

Management Resource Solutions subsidiary wins Aussie federal contract

(Sharecast News) - Management Resource Solutions announced on Friday that its subsidiary Bachmann Plant Hire (BPH) has secured a AUD 2.0m contract providing civil and earthworks on an Australian Federal Government project in the Northern Territory of Australia.

Read more
6 Jul 2018 15:57

DIRECTOR DEALINGS: Management Resource CEO And Directors Buy Shares (ALLISS)

LONDON (Alliance News) - Several directors of Management Resource Solutions PLC bought shares in the company following an accelerated bookbuild open only to employees, contractors and Friday, the

Read more
9 May 2018 11:04

Management Resource Solutions Buys Engineering Facility For GBP1.7 Million

LONDON (Alliance News) - Engineering support services company Management Resource Solutions PLC said Wednesday it acquired a previously rented engineering facility in the UK for AUD3 million, or a

Read more
3 Apr 2018 11:57

Management Resource Director Burton Steps Down, Exercises Warrants (ALLISS)

LONDON (Alliance News) - Management Resource Solutions PLC said on Tuesday that Non-Executive Director Nigel Burton retired from his role effective Saturday.In the has

Read more
18 Jan 2017 13:18

Management Resource Solutions reports larger loss, turns down new meeting request

(ShareCast News) - Management Resource Solutions has turned down a requisition for another general meeting due to a legal loophole and reported that pre-tax losses more than tripled last year. The AIM-listed mining services business, which appointed Aussie mining veteran Joe Clayton chief execut

Read more
9 Jan 2017 10:27

Management Resource Solutions Former CEO Requisitions General Meeting

Read more
21 Dec 2016 09:18

Management Resource Solutions appoints Joe Clayton CEO

(ShareCast News) - Mining industry veteran Joe Clayton has been appointed chief executive of AIM-listed mining services provider Management Resources Solutions, with immediate effect. Clayton, a qualified mining engineer and a fellow of the Australian Institute of Mining and Metallurgy, has over 40

Read more
21 Dec 2016 08:51

Clayton Becomes Permanent CEO Of Management Resource Solutions

Read more
29 Nov 2016 15:45

Management Resource Solutions Opens Invoice Facility Amid Cash Squeeze

Read more
9 Nov 2016 11:35

Management Resource Solutions closes unit after contract issues

(ShareCast News) - Management Resource Solutions, the Australia-focused equipment and construction services group, has closed its consulting business after terminating its last, lossmaking contracts, with management saying they plan to take to the courts to try and recover "several million dollars"

Read more
3 Nov 2016 14:50

Management Resource Solutions Continues Investigation Of Legacy Issues

Read more
30 Sep 2016 11:13

Management Resource Solutions completes AU$6.12m acquisition of SubZero

(ShareCast News) - Oil and gas service provider Management Resource Solutions (MRS) completed the acquisition of several assets from SubZero Group, an Australian mining service company, for about AU$6.12m. The acquisition is to be part funded from the issue of over 7.5m shares at €0.01 each, subject

Read more
11 Aug 2016 11:36

Management Resource Solution gobbles up SubZero Group

(ShareCast News) - Management Resource Solution announced on Thursday that it has entered into an exclusive agreement to acquire the core assets of the SubZero Group for a total consideration of AUD 6.12m. The AIM-traded firm said the conditional asset sale agreement has been made on exclusive terms

Read more
26 May 2016 08:53

Management Resource Solutions Wins Deal To Demolish Australian Plant

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.