Member Info for JohnLewis79

As you can see there's a huge gap between EV and Mcap. While both have their statistical merits I wonder why EV lags in the bargain basement?

Unless I'm missing the obvious....can somebody preferably wirh an accounting background put me straight?

Been a while since I looked at MSi EV v Mrkt cap. Current Mrk cap is c.£126m against an EV of c.£110m. As you know EV is the preferred metric as it takes into account debt and cash in the accounts giving an all round better view.

MSi e/v

------

£126m +0 +0 -£16m*

= £110m

= 67p

Generally speaking you want to see a lower ev to mrkt cap than the other way round as low to zero debt is considered a safer investment when comparing companies in the same sector.

* AR 22/6/2023

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Coming off the worst month of the year stocks slipped in mixed trading the DJI falling 74 weighed by falls in oil and gas as crude gave back some of its early summer gains.

More than 75% of the 500 fell but gains in 'big tech' up 122 supported the indexes. Wall has broadly given back 40% of gains since July, belatedly realising rates will stay higher for longer. Yields on the 10yr rose to 4•683% making them an attractive alternate to risky stocks.

Tesla reported poor 3Q delivery numbers of 435,000 versus a consensus 465,000. Stock u/c at $252. On the big board top 30 United Health led followed by Apple, Msoft and Cisco. Going down 3M, Big Mac and Boeing ($190) which just announced a sale of 30 (787-10 Widebody) planes to Air Canada. Stock 3% down ytd.

Regardless the economy is defying doomsayers predictions of a recession as consumers cont to spend cautiously in a strong jobs market leaving the S&P up 12% this year and 2246 points off its historic high last seen Jan 4, 2022.

Morning all.

After a good start to the day on news of another substantial contract win for $15•8m to supply MSi's in house newly developed MS-DS Electro-Optical Sights system the shares hit 880 intraday before sellers booked profits in a weak mrkt.

Shares opened at 700 ending 60 better at 700-760 on the session. A total of 79,500 shares were traded buys and sells more or less 50:50 (40,200 buys v 39,300 sells) on 115 deals completed.

Since last Monday 161,000 shares have changed hands on c.200 trades.

Bigest trade of the day was a 5800 sell at 770p and a 7 day gain of 80 is not to be sniffed at. Best price achieved was 834p. No doubt about it MSi is beginning to attract a lot more attention for nothing excites investors as much as news of contract wins hitting the newswires. In this regard MSi is over achieving.

Evening all.

From norbert colon on MSi ADVFN....

Bear in mind the investment case a year ago was based on the US Navy contracts. We now have an equally promising land based offering (Paladin) where MSi have rec'd GBP 75m of orders within a year of launching with more to come. This is just as good as the Naval contract....

The sp is only just beginning to reflect these recent contract wins which is giving the company immeasurable kudos in the defence sector. Many will be wondering why the shares trade at such a discount to US companies. As ever the UK market takes some convincing but in time will come round to a more sensible valuation.

Another contract win announced! We are certainly being spoilt this month for newsflow!

Japanese stocks soared on opening bouyed by the yen's slide to its lowest point in a year which helps corporate earnings when they are repatriated.

The Bank of Japan's Tankan survey showing improvement in business sentiment boosted stocks across all sectors. In early dealings the 225 was up over 540 points led by finance and techs but profit takers sold into the session throughout the afternoon leaving the 225 in the red near close. Late on Bottom fishers led the mrkt back into the black pushing the Nikkei above the gain line.

Trading was thinned by a holiday in HK and mainland China being shut for "Golden" week when the entire country takes 7-10 day break. This will be a welcomed by Chinese investors hammered by the property sector, alleged dubious money transactions by Evergrande's CEO, money flowing out of Chinese assets and the currency and economy under pressure.

The US Govt narrowly avoided shutdown though risks are delayed not eliminated. The Govt approved a stop gap bill at the midnight deadline to keep the wheels turning through mid November.

Stocks across Pacificas were mixed and in Sydney declines in crude and resource stocks hit equities. The ASX200 off 21 points at close.

Latest:- Vix 18. Brent $92.

Gold $1842. Copper $3•733.

Palm $940. Silver $22•055.

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FF -20. DF +121.

Morning all.

A good week for MSi holders as the company were awarded another US defence contract worth in the first instance $23•5m to supply gun mounts to the US Navy. Current order book is not far off double the mrkt cap of the company which should tell you something.

The shares took off on the news briefly hitting 800 but profit taking took the shine off the rise ending a solid 70 up at 720-740 on the week. Trade nos were just just short of 90 deals on 82,000 shares traded a big uplift on previous weeks. I don't have the buy v sell ratios having 'over-stayed' my welcome at my local hostelry.

We may see a reaction next week but on balance as we head to the H/Y (nos due around 31st Oct) the company is in excellent health though I wish they'd address reporting the nos in the traditional way (Jan-Dec) but that's me nit-picking. Have a good wk all.

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Morning all.

Seems the jobbers have plenty of stock to satisfy demand. Could be their having to borrow stock.....as the spread has narrowed to 720-732 in places.

The US opens shortly but tbh I doubt we're on their radar when it comes to trading. Currently 39,000 shares have changed hands which is more than yesterday. Let's see the picture at close.

Thanx Tav didn't know that.

Don't hold your breath Tav!! UK mrkts are only interested in the majors and wouldn't know a microcap if it did somersaults & backflips in front of them. We are a 'big small' company fighting to get recognised amongst a lot of dross that hardly deserves a quote but sooner or later the penny will drop. A move off Aim might help and I wonder why we decided to stick with Aim instead of the small cap or 250 sector.

They say there's less scrutiny but surely that doesn't apply to a company doing millions of USD worth of business with the US Navy.

Indeed Tav it's very much about expanding our profile to a much wider audience especially in Europe and further abroad. You cannot get a higher recommendation than from the US Navy ordering your products. Congratulations to all at HQ.

MSi receives a £23•5m first order gun mounts contract from the US Navy. Very positive news for the company.

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Gold $1867. Copper $3•734.

Palm $940. Silver $22•940.

$1•222. €1•155.

FF+15. DF+46

Morning all.

Yesterday's strange movements in MSi shares came very much out of the blue. The trades took off mid morning for no reason I could fathom so it could be investors got wind of an announcement being readied.

Anyways here are Yesterday's trades, much to my surprise buys outpaced sells despite the shares falling 50p which felt overdone. I picked up a few for my share pot and will add if a repeat happens today.

Total 29,300

Buys 14,800

Sells 14,500

Trades 52

Buys 22

Sells 30

Ignore...jobbers trying to drum up business in a moribound mrkt place....

Good post pk and I concur with your observations. We are lucky to have a wealth of experienced management with knowledge of West Africa where let's face it we should be concentrating a lot more about as that's where our bread & butter is....

Understandably Bhukia is the icing on the cake but it could be many many months to a conclusion once ensnared in the Indian Higher Court system. Holders will inevitably give up if we're still arguing the merits of the case in 2026 and apart from that will Faskens cont to fund afterall its not a "forever" fund is it?

Now the ball is very much in our court we can call the shots though I suspect MB will leave an exit for the Indian Govt should they want an end to this when a simple "here's the check" will allow us to get on developing Bhukia for the benefit of all or take our money and run.

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Latest:- Vix 18. Brent $95.

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Palm $940. Silver $22•715.

$1•214. €1•156.

FF+24. DF+27.

A partial shutdown of the Federal Govt is at risk this weekend due to divisions among lawmakers. At the same time the S&P 500 has pared its ytd gains having fallen c.7% since July.

Investors wonder whether now's the time to step back into the market and buy stocks for the final Quarter.

Energy stocks rose on back of crude breaching $97 posing a renewed threat to inflation which had been moderating.

On the NYSE advances and decliners were evenly split with 56 new highs and 440 new lows posted. Volume of 10•9bn was above average for the past 20 sessions.

Morning all.