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MMS - McMillan Shakespeare

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Excellent Figures....Profit Margins, Eps Growth, ROE growth, Adjusted Profit Growth, Lowish PE/PEG, Masssive Increases in Sales Revenues.

Rumours they could be a target for Talent 2 to swallow, as they are into Salary Packaging.

EPS growth from previous year moved up massive 620% to 7.55 cps.

Return on Capital (ROE) moved from: 5% to: 32.5%

Dividend Yield is 2.4 cps.

PE is industry average at 19

PEG is low at .19

Adjusted EBITA Profit moved UP from: $987,200 to: $7,915,000

Share Price has gained relatively modest 28% plus in last 12 months....

Market Cap is currently approx: $127 million. :D

Check out the depth today! Volume! Only 2 sellers at the moment.
 
Re: MMS McMillan Shakespeare

Profitseeker said:
Where has the news come from that Talent might be looking at this acquisition?
Click to expand...

Just rumor and general talk within the industry, nothing set in concrete of course.
 
Re: MMS McMillan Shakespeare

Hi,

Just wondering your thoughts of the impact of PAYG tax scales next financial year. Top tax scale of 48.5% commencing at $125,000. 42% at $95,000. Would this not make salary sacrifice not as affordable for employees?

Your views appreciated.

Regards
Alien
 
MMS

Performed really well over last 3 years, anyone wish to comment on this boring stock which has been a winner since it arrived on the markets.
 
All I know is that our company has just ditched them for another mob, due most likely to their sub-standard service. Not one person I have talked to in our comnpany has a good word for them (in fact making many formal complaints), and I personally have found their services extremely lacking.
 
MMS - MacMillan Shakespeare

Anyone - Macmillan shakespeare dropped by over 17% today (25th Jan 2010) after falling first last friday for no apparent reason - can anyone shed any light on this? This stock has been climbing back to pre-2008 levels over the past six months then this all of a sudden...good time to buy or to get out of a sinking ship?
 
lol, I own these and didn't even notice the price drop till I read your post.

I have no idea why they have dropped so hard but I am pretty much free carried so I will watch the price action over the next few days and then decide what to do with them.
 
Oh dear. :eek:

Critical break of support zone.

Looks like panic stations / stop losses from tech traders.

Major support at $3.00 - $2.50.

Looks like a great knife catch to me. :2twocents
 

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Interesting. I went to an investors seminar in Sydney a little before Christmas and the main speaker was glowing in his praise for this company.

I have been watching them ever since but don't hold.

There doesn't appear ay announcement explaining the price decline.
 
kennas said:
Oh dear. :eek:

Critical break of support zone.

Looks like panic stations / stop losses from tech traders.

Major support at $3.00 - $2.50.

Looks like a great knife catch to me. :2twocents
Click to expand...

Only about 67mil shares on issue too so any run on stop-loss triggers could cause a run on it, will see how it bounces back in next few days and whether any news comes out before I do anything with my holdings
 
nomore4s said:
Only about 67mil shares on issue too so any run on stop-loss triggers could cause a run on it, will see how it bounces back in next few days and whether any news comes out before I do anything with my holdings
Click to expand...

Caught some of that second knife, just some big guy dropping knives from the roof. Will be interesting to see how it reacts on wed.
 
skyQuake said:
Caught some of that second knife, just some big guy dropping knives from the roof. Will be interesting to see how it reacts on wed.
Click to expand...
Looks like some general panic selling across the board to me. Could keep going, but more likely to be some bouncing about. For MMS, 3.00 might have been a tech bottom. Very strange reaction to....nothing....:confused:
 
kennas said:
Looks like some general panic selling across the board to me. Could keep going, but more likely to be some bouncing about. For MMS, 3.00 might have been a tech bottom. Very strange reaction to....nothing....:confused:
Click to expand...

It's not nothing anymore... it's just rumours however.

http://www.asx.com.au/asxpdf/20100127/pdf/31nbbzz1zy7b0n.pdf

Amazing how government reviews can leak like this.

Reminds me of IMF which went on a government-induced dumping and has yet to bounce back.

Longer term this is probably an opportunity. There will always be salary packaging. Having some new rules simply means that employers will have to pay MMS again to come up with new ways to package salaries around the new rules...
 
Still falling... $3 was defended for a bit today before buyers gave up.

Fundamentally, this stock is now pretty cheap.

EPS last year ~30c and dividends at 19c. This year probably at least 15% growth for an EPS of 34.5c. At $2.8 that's PE of 8.

This reminded me of Cabcharge's fall last year... and that was with a confirmed ACCC investigation. Yet CAB managed to regain most lost ground despite that.

Discl. I hold from today...
 
Fundamentally this stock is a steal....

Even with the Henry review its hard to see their earnings affected by 50%....

Stupid lemmings.....stupid....stupid.....stupid....

Disc - i did own, now i do not own, but probably soon will
 
condog said:
Fundamentally this stock is a steal....

Even with the Henry review its hard to see their earnings affected by 50%....

Stupid lemmings.....stupid....stupid.....stupid....

Disc - i did own, now i do not own, but probably soon will
Click to expand...

Well apparently the impact could very well be 50%...

Valuations of McMillan Shakespeare are highly dependent on maintenance of the present FBT regime. Analysts covering the stock see value above $5 a share in the event of minimal change, which compares with Monday's close of $3.26.

However, one analyst noted that a worst-case result would see McMillan Shakespeare ''lose half, if not more'' of its business.
Click to expand...

http://www.smh.com.au/business/mcmillan-shakespeare-frays-at-the-fringes-20100125-mulj.html
 

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