MHM Automation - MHM

[percy]

Nett loss $7 mil,up from last year's $6.5 mil.
No surprises there from this serial underperformer.

[Beagle]

Yeap, real "top" performer this one. Directors commentary about being satisfied with how they're tracking makes for good comedy for anyone who appreciates the irony and nuances of reading corporate "creative speak"

[percy]

Yeap, real "top" performer this one. Directors commentary about being satisfied with how they're tracking makes for good comedy for anyone who appreciates the irony and nuances of reading corporate "creative speak"

I loved it,but then I am not a shareholder.!!!.lol.

[Sideshow Bob]

https://www.nzx.com/announcements/314324

Key points for the six months ending 31 December 2017:
• Total Group sales revenue of $16.4m, an increase of 107% vs prior comparative period (pcp).
• The Group achieved an EBITDA¹ profit of $96k vs pcp loss of $1.48m.
• The Stainless business performed strongly with sales revenue of $10.6m and EBITDA of $1.04m, a 35% and 254% improvement on the pcp respectively.
• Haden & Custance sales momentum has been slower than previously projected, reporting $6.3m of revenue for the six months and generating an EBITDA loss of $618k.
• The Group After Tax loss was $0.37m loss vs pcp $2.6m loss.
• During the period, the Group raised $2.9m in two placements


Not dead yet....

Disc: Not a holder

[black knat]

I picked this one in the comp as a turnaround story.... Market Cap a paltry $15m. Half year update looks reasonable....

Highlights of the six month period to 31 December 2019 included:
1. 55% increase in Group revenue to $27.9m
2. Automation revenue was 76% of Group revenue, in line
with the stated strategy to grow that side of the business
3. EBITDA increased 82% to $1.1m
4. Net Profit increased 176% to $447k
5. Net Debt reduced to $2.2m due to the strong cash position
6. Appointment of new Chair Trevor Burt

[winner69]

I picked this one in the comp as a turnaround story.... Market Cap a paltry $15m. Half year update looks reasonable....

Highlights of the six month period to 31 December 2019 included:
1. 55% increase in Group revenue to $27.9m
2. Automation revenue was 76% of Group revenue, in line
with the stated strategy to grow that side of the business
3. EBITDA increased 82% to $1.1m
4. Net Profit increased 176% to $447k
5. Net Debt reduced to $2.2m due to the strong cash position
6. Appointment of new Chair Trevor Burt

Don't just pick it in a comp ... show commitment and take a decent stake

You never know -- Mercer might be great again

Should sound percy out on what he thinks

[black knat]

It's very illiquid... hard to get a meaningful stake.

[Cadalac123]

Solid . Been eyeing this for months took a stake but was trying to see if it would bottom out at 0.18 again... steel segment is a drag on the business but the automation component is growing significantly.. then you realise its mostly inflated by milmeq

[percy]

Don't just pick it in a comp ... show commitment and take a decent stake

You never know -- Mercer might be great again

Should sound percy out on what he thinks

MGL.Mercer Group Ltd.64,520,706 shares on issue.Market cap at 25 cents is $16,130,177.
Good to see them making a profit.Has it taken 20 years or longer.?
After tax profit of $ 447,000 on turnover of $27,864,000 is very slim margins/pickings.
76% of revenue is now coming from recent acquisitions H&C and Milmeg.
Positive was the strong cash flow of $2.6 mil and the big reduction of debt down to $2.2 mil.
Fabrication still has issues.
So current 6 months profit is $.447 mil.Say they managed to get it up to $1mil for the year, the PE ratio would be 16.1.
Now I am not going to pay that for this type of business, in the sector they are in.
Also remember they are not paying a divie,and if/when they do, it will not be imputated.
This wonderful "window of opportunity" I will leave for others....lol.

[whatsup]

IMO MGL is controlled by the CH-CH mafia , be aware.