TX2
18 Jun 2015
Re: Final Results Not quite as bad as we feared Mike!At least divi held and prospects of improvement in future.
valueinvestormike
16 Jun 2015
Final Results Kind response from MSI..."The intention is to announce the full year results towards the end of this week. We are aiming for Thursday but it may slip into Friday."--Personally I am expecting turnover to be around £43million (there is no reason to expect the second half of their financial year to be any better than the first), with operating profit around £0. So the valuation on this company will be underwritten by the net assets. At 140p share price market cap is £23.6million, with tangible net assets (excluding goodwill) of £21.8million. I expect a dividend cut. Mike
daressaalam
30 Jan 2015
Re: In the present ... Sage,Perhaps we might add the pension fund to your list. I think the hole is rather a big problem. It wasn't so long ago that the PF bought quite a number of shares in the 190s and I feel the PF may get itself in before the dividend, which leads me to think the yield is under threat.Add to this that the directors (Bell brothers) have a big shareholding and a big stake in the PF, so my only inclination to buy back into this would be on the possibility of a take-over, but even that is 'maybe'.I did have a positive view on this company and its management a year or so ago, but not now.Dar.
sage in the hills
30 Jan 2015
In the present ... ... economic climate, the best that a company in this market could dois to batten down the hatches a bit, make sure there is enough money in the bankmaintain the dividend (currently 6% at these prices)develop contracts for new biz with those builders or countries most likely to place and commit to orders, such as far east, US, Scandinavia, Saudi Arabia, Jordan, Colombia... but not UK.anything ive missed ?SAGE
II Editor
10 Dec 2014
NEW ARTICLE: MS International tests resolve "Disappointing half-year results may raise more fundamental questions about the manufacturer with an ailing defence division. It’s a question of trust.MS International surprised me when it announced its defence division made a loss in the six ..."[link]
daressaalam
05 Dec 2014
Re: 4.178 % Yield Now I agree with the buy sentiment but will hold back meanwhile. Steel is a week market and I am not sure petrol stations and fork lift trucks are going to boom any time soon. More defence is the only real indicator for me.Cuts are still 'in'.
TX2
27 Nov 2014
Re: 4.178 % Yield On longterm basis probably as it is selling at half NAV which includes substantial net cash;the prob is how soon Naval orders return for its main division;and if weakness in Europe will impact on its petrol station steel work business.A good business with strong financials,product and record that should hopefully recover.
lambrini girl
27 Nov 2014
Re: 4.178 % Yield even better..'Strong' buy 140..
lambrini girl
25 Nov 2014
Re: 4.178 % Yield bit early sagie..'weak' buy now tho..
