Alan Tittymarsh
27 Jul 2016
Overlooked again Not the first time I've done well out of this much overlooked share. Barely gets a post on this board which normally flags a potentially decent share up on my radar. However I sold because the H/T results out today were poor with little prospect of improvement in the short term. It didn't stop the sp from surging today, but now I think it's well overbought.Sold today @ 275p, having bought in Feb for 196, plus a chunky final div. But I will be back in if the sp retreats to a decent value.
Oxtrader
23 Feb 2016
Re: Recovery play? Afternoon there! I do believe the recent rise in the share price has been almost helped much by the falling pound. If UK do however decide to leave the EU, I don't think this would bode well MGAM's share price.
Alan Tittymarsh
23 Feb 2016
Re: Recovery play? Well results weren't too bad considering they've had a 'very challenging' year in all markets globally. They can't really afford to pay a div at the current rate but decided nevertheless to maintain it.. PBT £59m (£31.5m), eps !!.9p (2.7p). But debt is creeping up to £216m (207m). They were already overstretched, and really need to rein this in. If their global businesses continue to worsen they will be forced into a rifgts issue tor open offer to survive.However the market liked these results and the sp shot up first thing by 7%, Not sure it was totally merited though.
nk1999
13 Nov 2015
Investec From ADVFN:"The deeper-than-expected global slowdown forced analysts at Investec to revisit their forecasts for Morgan Advanced Materials, but they reiterated their underlying upbeat view on the company's prospects.Despite the advanced materials manufacturer's considerable diversification, both geographically and by end-market sectors, weakening confidence in North America - a major trading region - was affecting a broad range of its markets, analyst Michael Blogg said in a research note sent to clients.Notwithstanding that de-stocking might lie behind the weakness in markets such as consumables for the rail industry or auto components, "further adjustments are needed," he said.Blogg said he expected consensus estimates for operating earnings on an EBITA basis to be lowered by between 5-10% as a result of the firm's cost reduction measures.The analyst placed his target 'under review' but stuck by his recommendation to 'buy'."nk
Oxtrader
29 Oct 2015
Re: Still on the way down Good evening! I do believe it's mostly the wider picture with UK manufacturing currently. This graph paints a good picture:[link] think the market isn't buying into a share that's going to have surpressed demand as a result. Having said that, I do think the share is now at a very, very good opportunity this week. I believe it goes on ex-dividend on the 6th of November? This company in a better opportunity than others to build upon any uptick on demand. Personally I'm not worried for now, holding.
Brown Bull
29 Oct 2015
Still on the way down The SP is now down 20% over the last three months, and it just keeps dropping.Anyone know what is behind this?
II Editor
19 Aug 2015
NEW ARTICLE: 10 mid-cap shares with a record of raising dividends "The late American investor Philip Fisher once said that regularity and dependability are the most important but least discussed aspects of dividends. He believed that consistent, progressive dividend policies were more appealing than a stock that ..."[link]
albent
08 Apr 2015
Morgan Advanced Materials infographic Any thoughts on LSE:MGAM [link]
