Member Info for RogerMellie50

Sorry, I should have mentioned Renold as well. Held it for ages, but sold most this year in the .5s for just about breakeven. P/E's very attractive, and I think it's wrongly thought of as a bit 'old tech'. Would consider buying back in, probably post-budget though. I'm a Mancunian, and I found a rotting share certificate of my grandfather's in the garage after my dad died last year for 45 shares in Renold! Still trying to work out what the score is with that.

Looked at Billington a few times - when did you buy in? Must be doing alright, doubled the last year.

Not heard back, but give it a few days. In the absence of any type of 'Investors' Relations' department, the company secretary's email is Shelley.Ashcroft@msiplc.com. Maybe send her off an email asking the same thing. Strength in numbers!

I remember Sphere Medical, John! Broker friend of mine was plugging it to me constantly, but I dodged a bullet there. Biggest ever turkey for me was towards the start of my investing 'career' - Powerscreen. I'd bought some in the share placing after a bumper half-year profits came out. Turned out the books had been fiddled and the SFO came knocking!

I'm personally not bothered about about the whole business rates/IHT possibilities, John. Admittedly, I've only 3 AIM holdings at the moment: MSi, Renew Holdings and Team 17 (which I dip in and out of). I've trimmed some in Renew, but more due to banking a really good profit this last year. Could be some short term volatility, but MSi is an expanding company with a large order book on a long-term timeframe. Divi isn't too shabby and is increasing too.

I remember Sphere Medi

I've emailed the company for clarity on the issue, John. Will let you know on here if I get a response (don't hold your breath)...

Great news, but why can't management release this to the market instead of retail holders like us having to scour contract databases and the the trade press? Always sceptical of fly-by-night AIM companies whose CEOs/investors talk about 'newsflow', but on the other side, I think it's a bare minimum to RNS 30million quid contracts, no? We only found out about the previous 50 million contract that Tuesday's one follows on from belatedly in the yearly reports as well.

Https://www.find-tender.service.gov.uk/Notice/032309-2024?origin=SearchResults&p=1

Couldn't really ask for better, Rivaldo. Wonder if they're about to snap up any more companies soon? Been holding here since the pandemic crash.

Excellent! Hopefully operating profit is towards the higher end of 6-7%, marking an improvement on last FY of 6%. Will also be interested to see how much revenue new additions have brought in, particularly Excalon.

See how trading update goes next week.

https://www.scottishconstructionnow.com/articles/rel-marks-three-years-of-qts-ownership-with-new-business-wins

TU should be out early next week. We'll have to wait to final results for the orderbook, but it must be up substantially given all the contract news in the press. Fingers crossed.

Utterly speculative musing from me, but new CEO's previous two positions in that role have resulted in takeovers (Saria aquiring Devro last year, and then a short tenure at Tymans before it was aquited by NYSE -listed Quanex last month).

Morning John,

Yes, he's (maybe she's) a very knowledgeable poster over there. I imagine they work/worked in the defence/procurement industry. Also an ex-reader of Viz magazine like myself...

Hi John,

Those big delayed trades at 990 on Friday were a mix, from what I can tell. Judging from Friday's RNS, the 10k will be Lane Smith's buy, the 115k will be the company's buy to be kept in treasury.

Going from the RNS, Adrienne Bell has sold some shares. Last count in the prospectus was 17.5%, and now she's down to 16.09%. Someone else can do the exact calculation, but that would account for the majority of those other trades at 990. As I said, I imagine she's doing some tax-planning prior to October budget, but who knows?

I have some of my MSI shares in my dealing account, but would like to 'bed and ISA' some of them as it's a firm LTH for me, not to mention the divi. Have a hefty loss from a disastrous oil exploration company I can write them off against.

Morning John,

Nice to see Lane-Smith buying on the open market. Think I'm right in saying he was an exec for a long time prior to being non-exec. He's got his phantom shares as well, so can probably afford to! I imagine Adrienne Bell is realising some capital gains prior to the October budget, but who knows.

Morning John,

I've made a habit of reading your 'digests' in the morning, many thanks!

I've been holding MSI for donkey's, like yourself. Investor relations have improved the last few years, but frankly they were non-existent before. It's frustrating when you read about contracts in the trade press first (such as the recent one with the German Navy) and then they are only disclosed in half or full-year reports. The only things we get an RNS for outside those two statutory ones were the ones with the US navy last year (which were simultaneously disclosed on the US Defence contracts daily register).

I'm very optimistic long term here though, and might be tempted to buying some more if we creep lower. They've been recruiting heavily this year (have a look at the jobs listing on their website) and have been hammering the trade shows/exhibitions all year. Currently in Jordan, according to Linkedin:

"Visit us at Hall 7 - 709 (Outdoor) to explore MSI-DS TERRAHAWK PALADIN, our flagship shortrange, mobile, deployable, airdefence system supporting the Royal Jordanian Air Force".

Can we assume that the Jordanian Airforce are the first customers of Paladin, referred to as an 'overseas customer' in Dec 2022 market release? Or is this a separate customer? Who knows. Their Linkedin states that they're continuing their development with Thales to have their missiles on MSI's gun turrets.

Let's see what news we get in H/Y report at Christmas.