MHM Automation - MHM

[whatsup]

MGL @ 18 month high circa .30 obviously punters are following the new appointment to the top table, has doubled in the last couple of months, interesting one to watch .

[nztx]

I think H&C including the acquired businesses shot into the H&C division are probably looking quite good and the saviour
for MGL & it's forward growth and prospects, but offshore travel restrictions are probably the problem

The new shareholder they saw in recently is also a new larger holder in MOA (& is taking up MOA rights & rights not taken up
by other holders) - from reading announcements

[black knat]

MGL will be changing its name to MHM Automation Limited, and ticker code to MHM.

Turnaround story on track.

Up 45% in the last two days - pleased I bought some of these some months back.

[percy]

MGL will be changing its name to MHM Automation Limited, and ticker code to MHM.

Turnaround story on track.

Up 45% in the last two days - pleased I bought some of these some months back.

Savvy buying.

[whatsup]

Savvy buying.

Wouldn't be pushing this one too high from here based on its history ( 30 odd years of what ? ) best buying was in March-April imo when I noted this board of moves afoot !

[black knat]

Wouldn't be pushing this one too high from here based on its history ( 30 odd years of what ? ) best buying was in March-April imo when I noted this board of moves afoot !

Good reason to be cautious on that basis. However the company has undergone a reasonably dramatic refocus which is bearing fruit with 80% of sales now coming from the automation division. Even at .35c market cap is still only $22m. From yesterdays full year...

o Revenue of $51.6m, an increase of 35% over the prior year
o Automation 81% of group sales revenue vs 61% for the prior year
o Automation revenue increased 79%
o EBITDA $2.4m a 199% increase on the prior year's EBITDA of $0.8m
o After tax profit was $0.9m, an increase of $1.9m on the prior year.

[whatsup]

Good reason to be cautious on that basis. However the company has undergone a reasonably dramatic refocus which is bearing fruit with 80% of sales now coming from the automation division. Even at .35c market cap is still only $22m. From yesterdays full year...

o Revenue of $51.6m, an increase of 35% over the prior year
o Automation 81% of group sales revenue vs 61% for the prior year
o Automation revenue increased 79%
o EBITDA $2.4m a 199% increase on the prior year's EBITDA of $0.8m
o After tax profit was $0.9m, an increase of $1.9m on the prior year.

IMO they are trying to mussel in to markets where there are established suppliers who have business relationships for decades, whats their point of difference-- a one stop shop-- not good enough to my liking.

[black knat]

IMO they are trying to mussel in to markets where there are established suppliers who have business relationships for decades, whats their point of difference-- a one stop shop-- not good enough to my liking.

You may be right whatsup, but it's a good sign when the chairman is buying on market post the full year.

Finished up 19% for the day. Happy.

[bung5]

With the change of focus I'm very bullish on this "new company" . Hopefully will see the EBITDA growing in the 100%+ range over next few years as margins improve

[nztx]

Wouldn't be pushing this one too high from here based on its history ( 30 odd years of what ? ) best buying was in March-April imo when I noted this board of moves afoot !

Haha .. yes fair call too

Traders & Investors riding the bumps & highs could have done very well with good timed moves here