Member Info for MasterRSI

From the "UPS" thread.........

ENQ 19.59p +1.09p

Yesterday's opening with a UT @ 18p was the low for the last few days and a change in the direction of the stock since.

1 month chart
https://uk.advfn.com/p.php?pid=chartscreenshot&u=JbXHyE1d%2Bb5tjLiNZzpZ1YIKc8wu6BrB

Oil prices on the rise again this morning and so Oil shares
Enquest 2nd on the Percent risers, only because of OPHIR Energy had 4 RNS today.

Stock-price-rise-% rise
OPHR 54.20 3.60 7.11%
ENQ 19.58 1.08 5.84%
PMO 73.42 3.22 4.59%
TLW 200.90 5.80 2.97%
BP. 512.15 9.15 1.82%
GENL 188.10 2.70 1.46%

Brexit Joke of the day

Theresa May will ask the EU to reopen Brexit deal
EU says will not reopen Brexit withdrawal agreement
Why?
The key is missing
Someone says the Irish have pinched it.

Note:
Disorderly Brexit would push Irish budget back into deficit - Irish finance ministry

hi tesa

Everyone is entitled to their opinions but In order to be fair one must put the facts upon which the comment is based, but as you most likely have noticed most shareholders will not be happy unless one has bullish comments for the company, that in my part if I do that, will not be a fair comment.

For once someone sees "light" on my post LOL

A very unusual contract representing 5% ( AUD$800k and AUD$900k ) of market cap, and very fast finishing by the end of a short month February '19.

No news if margins will add much to the last update net profit, that by now will be useless due to today's contract being into 2019 Year end.

All and all another good news for the company on the revenue front, another matter is waiting for news of Nomad with just a few spare days to 1st Feb '19 as most shareholders are worried about a possible suspension and the other is the DEBT restructuring on looking ahead.

From my "UPS" thread ...........

MRS 4.45p - 0.30p
On a downtrend and moving along the descending downtrend channel

Chart of the downtrend pattern - Chart done at 11.20am today
https://uk.advfn.com/p.php?pid=chartscreenshot&u=U%2F7bmmRid3qMONVTliqQyb%2B5UFFAotEn

Reasons why MRS are in danger of being suspended due to the Nomad

Some shares being suspended for some time after the Resignation of Nominated Adviser >>>>> CTAG, KEM ,FRR ,BNN, etc

Reasons why MRS has been underperforming,
1- High debt 117% over market cap
2 -No trust on the Directors due to their latest updates not up to what was expected from them, especially well over optimistic Twice with the EPS.

Reason for share price underperforming and undervalued future PE of 2
There was in the past other shares with also such a case, with PE of 4, one of them " Quindell "(QPP) with Rob Terry ,a very controversial CEO, finally, the company had to be sold off at a much lower price.

All these factors are affecting MRS at the moment, so no wonder that the share price is not performing.

I am not suggesting anything just to let you know why share price is at those low prices.

.... the end of their nose.

I am reaching the conclusion, that there are a few shareholders ( Ian. b - troutisout - Silverlight ) with large loses, and any comments are soon rebuffing naturally on an ungracious manner for that reason.

Just too bad for them for not using the most obvious method in these cases ...> STOP-LOSS
That is the more sensible way, as the name suggests it stops or restricts your losses. It actually puts a cap on your losses.

Their refusal to accept a helpful suggestion or offer from someone is detrimental to their well being.

re - the BOD are deliberately steering this off Aim.

The main talk around hasn't been about delisting but the Debt mountain

Just hope is not true about the directors are ... "crooks", those names were circulating on the ADVFN tread a few days ago.

Not much trading today but share price is lower much more than maybe should be

troutisout

re - Net profit before tax is estimated at A$8-9m vs A$6m last year.
re - creating a far larger profit after tax forecast (up between 33% and 50%!)

where the 33% and 50% after tax are coming from?

re - It would seem Greenhills and Master RSI are getting a little worried the SP might actually be at the start of a big climb ahead....

my only worry at the moment is not to have "trout" in the menu, and certainly, it wasn't " trout " for lunch, though is Friday, the rest is just your problem with poor imagination of other posters.

troutisout

Stop talking from you B... side once more, you say, I say

you certainly not good enough on jokes though some are talking you as the JOKER for some time
troutisout as a joker ... https://www.sideshowtoy.com/photo.php?sku=9030371

Johnny

We are talking about the company previous forecast of 2p, for the Year 2018 that was not met and came out at 1,77p,
imagine use AUD/GBP of 0.60 ( 1.70 ) when overage at the time was 0.55 ( 1.80 )

below is the excuses why not met, by the company after with the results..........

Earnings Per Share
Earnings Per Share (EPS) guidance of 2.0p per share was based on there being no tax expense for FY18, an exchange rate of AUD/GBP of 0.60 and a lower weighted average number of shares.

re - The figures the Company gave were on the same basis as the previous forecast

More nonsense from you as the previous forecast was wrong from the start, management forgot to add extra shares last time used the wrong echage rate and no tax expense . too many mistakes in one small company.
EPS forecast by directors of 2p but came out at 1.77p

bdw - the JOKE is on you alright
" Salmon " is in the menu this days even for the wrong reasons " trout " is not
Maybe if you to do the pantomime with nickers and corset ( your favorite wear by acclaim ), then it will be added to the menu

read my lips.... I don't repeat, do your own homework like research back a few pages.

re - And by the way the debt is not high
just look at any article after the update, and I did say it before they appeared
then you know nothing about shares on the AIM market and from a Foreign country

troutisout

re - Of course they could buy back shares and cancel them and make the EPS fit

What kind of a JOKE is this?
The company already on such a high DEBT that they can't handle it and you are suggesting spending more money on buying back shares.
oh yes not serious

oldandtired

you do look for faults instead of the goodness of the full conclusion.
I did notice of such an error when I did post the report on my "UPS" thread a bit later post 568, but as there is no edit at the post here, I did nothing.

the rush on getting it out as soon a possible was the main reason

Should be...... Shares are trading on a PE of 2.4 with share price @ 5p. Well undervalued on this low rating, but market considers the DEBT A$ 20,547M to be a concern as is 117% of the market cap, the company is on high growth just now but the sector is not a high rating one.

MRS Full Year Guidance 30 June 2019 - On 17 January 2019
Net Profit before Tax is expected to be in the range of AUD$8.0m - AUD9.0m (FY18: AUD$6.0m), which will generate an EPS of approximately 4.5c - 5.1c per share (converting to 2.6p / 3.0p per share at an AUD/GBP exchange rate of 1.7).

My assessment of those figures
First and foremost I said it before, how the management can give an update with a strait figures, well 6 month before the Year end.
Second the exchange rate used is AUD1.70, when for the last Year has been trading AUD1.75/1.85 and currently AUD1.83. So I will used AUD1.80. The lower rate used by the management inflates the figures.
Third the company has been paying tax at a rate of 10%, normally in Australia is 30%. The company on the calculation of EPS uses no tax charge and the same no. of shares as last Year 178,681,952, when everywhere is saying 197M shares.

My calculations
Net Profit before Tax AUD$8.0m - AUD9.0m
After 10% tax rate = AUD7.2m - AUD8.1m : AUD1.80 exchange rate= £4m - 4.5m
Profits after tax £4m - 4.5m : 178,68m shares = EPS 2.23p - 2.52p
If used 197m share = EPS 2.03p - 2.28p

If tax was at 13% =AUD6.96m - AUD7.83m : AUD1.80 exchange rate= £3.86m - 4.35m
Profits after tax £3.86m - 4.35m : 178.68 shares = EPS 2.16p - 2.43p
If used 197m share = EPS 1.96p - 2.21p

If tax was at 20% = AUD6.4m - AUD7.2m : AUD1.80 exchange rate= £3.55m - 4m
Profits after tax £3.55m - 4m : 178,68m shares = EPS 1.96p - 2.24p
If used 197m share = EPS 1.80p - 2.03p

Conclusion using AUD1.80 exchange rate, 13% tax charge and 197m shares overage for 2019
My expectations:
Profits after tax of £3.86m - 4.35m
EPS 1.96p - 2.21p = overage of 2.085p
Shares are trading on a PE of 2.4 with share price @ 5p. Well undervalued on this low rating, but market considers the DEBT A$ 20,547M to be a concern as is double the market cap, the company is on high growth just now but the sector is not a high rating one.