Member Info for RogerMellie50

I assume MSi will be looking to get a slice of this, particularly given the focus on SME participation.

https://ukdefencejournal.org.uk/mod-issues-pipeline-notice-for-mounted-shorad-study/

Consider yourself fortunate - I don't even have any hair left to have a bad day with!

Evening Pharmall,

Wait and see. I'd take those projections, although I have a feeling that quite a bit of work in progress won't come on the ledger until 25/26. Hoping for another bump up on the interim divi as well to 8p odd.

Just saw your post on WATR - I was looking at that over the weekend, although not bought yet. On water management stuff, MTI Wireless had solid Q1 numbers out this morning, I've been buying in the 40s there recently. Defence division looks sorted, hoping for promised up-tick in their Motech water business in H/Y numbers. Worth a look. Cash is almost a fifth of Mcap now, even with buybacks.

Anything else on your radar at the moment? Have quite a large holding in Renold, having held for donkeys, so decided to sell a third in case private equity interest goes south, so have some cash to spare. Was looking at Futures - used to hold a while back.

Expecting Q1 figures next week, as nothing this week. Been buying between 44 and 48 recently. Hoping it's a good entry.

Very happy with that. Margin expansion up, no slowdown in US activity seen. Rutger seems to be settling in well, new CFO coming later in the year.

Long-term holder here, would be very happy with takeover 80 pence a share. I'm up £40k this morning alone. However, price action prior to 10:19 RNS this morning stinks.

Well done, John! Hope you had some change left from your winnings after Saturday night...

Some decent volume today after the Bank Holdiay weekend.

I have emailed the company about remote access to the AGM. Would be good if any other holders reading here give them an email. Maybe if we mither them enough they'll organise something!

Nice to see another UK defence firm Solid State continuing their recovery. Looked at them when it sank on contract delays.

Took the usual punt on Smith and Nephew yesterday afternoon with quaterly results out today. Seems to work more often than not recently! Used to be a long term holder there for the divi, but bailed a few years ago.

Well done on Jet2, John. You seem to be on a bit of a roll!

Cheers Pharmall, I'll give Elix a look. Are you tempted with MTI? Contract news out today and they appear very confident that the (only) loss making division will be back to growth this year.

I've always been a divi hunter. I appreciate it's probably reduced my capital appreciation a bit, but then again looking to invest in companies that pay dividends has also stopped me from investing in non-revenue generating stocks that go down the pan entirely. I'm early 40s and only work part-time, self-employed, therefore I rely on dividends for about half of my income (I'm also single and mortgage-free, so can afford to ride out fallow periods). Good point about the witholding tax ("Not a lot of people know that"etc)!

The other three stocks mentioned by Lee in his column on Saturday (PZ Cusson, Treatt and Christie) are all well up this morning as well, albeit Christie on decent results. He does have quite a big 'fanbase' with retail investors.

Indeed. Total cash as per interims was a tad over £32 million, so Cash to MCap % of 21% with current 152m market cap. Think I'm right in saying it would have been higher still if they didn't dip in to it to buy those treasury shares? Divi looks pretty poxy in that light, frankly.

Here's the text in case you're asked to register:

"While obviously concerned by the world scene – and barring apocalypse when yields and PE ratios would be somewhat academic – I am looking forward to the remainder of the year, hoping for positive developments from many of my holdings, specifically Christie, MSI, PZ Cussons and Treatt.

With Christie disposing of its loss-making stocktaking business, I see investors appreciating the potential for a bottom-line bounce as its professional services business increasingly delivers.

The disposal has transformed the balance sheet into a cash-positive one. One day Christie’s worth will be recognised but many shareholders, probably including me, will have died waiting!

Additionally, MSI, where I sat on the board years ago, has three main operating divisions: garage forecourt canopy manufacture, forklift blades manufacture and its major defence business. Although the share price had an excellent run, they have been largely ignored in the recent upward re-rating of defence stocks.

They are the major suppliers of small calibre naval weaponry to the US, Germany and our own navies, and possess valuable anti-drone technology. With a bulging order book and very strong liquidity, I see the value of its global defence business likely to be increasingly recognised."

Lord Lee giving MSI a mention in today's Telegraph.

https://www.telegraph.co.uk/money/investing/made-600pc-financial-crisis-forget-gold/

Same here John! Lost the lot on the last exploration play I 'invested' in. I hold oil/LNG producers for divi income, but that's it.

I think you mentioned before Pharmall that you thought BPM's NAV might have been up a lot but being held back in reporting. Will keep my eye on it.

Bought some MTI today, just a small position but will look to buy on any further weakness.

Morning John,

Glad things are going well. You mentioned Panthera before. Didn't you say it was basically a punt on some arbitration going the company's way against Indian state government?

Evening Pharmall,

Are you still in BPM? I sold for a quick profit there, but was reading the RNS today and think I may have jumped the gun. A banking friend knows of Mike Elwood, i0 partners' CEO, and says he's got a very good reputation (his tips are hit and miss, with the emphasis on the latter, though!).

You mentioned Senior before, might have another look. SRT was a Simon Thompson tip which I ignored, unfortunately. MTI is on my radar, as much for the income as anything else.

My Kier shares have done 12% in no-time at all, but looking at over 150 before I think about selling any. Also doing a bit of reading about MBH (brick makers), but as I said before, majority cash at the moment and still a bit reticent to go majority invested again.

I belong to your school of investing Pharmall, but I'm bad at sticking to my own targets! I could tell you what an uncrossing trade is, but that's about it.

Are you mostly cash at the moment, or have you dipped your toe back in? I remember you mentioning you were out of Concurrent and Chemring. I bought 20K shares in RC Fornax, about 37p. Happy to let that run. I also bought some more Kier in the post-Rose Garden crash. Not really much else on my radar at the moment, happy to be more on the sidelines for now.