tag:blogger.com,1999:blog-8522220863321921021.post1202189174447904790..comments2023-10-25T16:55:47.069+01:00Comments on 10 Value 10: Building Value at MJ Gleeson?Yorkiemhttp://www.blogger.com/profile/02636254435369847915noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8522220863321921021.post-40141610481879895992011-02-02T12:18:00.840+00:002011-02-02T12:18:00.840+00:00Hi John
Yes, I saw the update on your blog (impre...Hi John<br /><br />Yes, I saw the update on your blog (impressed with the revamp by the way - very professionl!)<br /><br />I want to see some signs of life in the ROE in the interims, or some positive strategic stuff, or else I might be following you to the exit shortly.Yorkiemhttps://www.blogger.com/profile/02636254435369847915noreply@blogger.comtag:blogger.com,1999:blog-8522220863321921021.post-15064008545090175212011-02-01T19:49:28.125+00:002011-02-01T19:49:28.125+00:00Hi Yorkiem
As you may or may not know I sold the ...Hi Yorkiem<br /><br />As you may or may not know I sold the Gleeson position from the UKVI fund recently due to the poor historic ROE. However I don't do the detailed analysis you've produced here so it's nice to read a sensible overview of the company. Keep up the good work.John Kinghamhttps://www.blogger.com/profile/06300337494606149679noreply@blogger.comtag:blogger.com,1999:blog-8522220863321921021.post-44471656762961352672011-01-28T09:08:24.853+00:002011-01-28T09:08:24.853+00:00Hi Cas Tiger
It's going to be interesting to...Hi Cas Tiger <br /><br />It's going to be interesting to see whether the interims act as a catalyst for the share price. I think there is plenty of scope for some up-side news. We'll see...Yorkiemhttps://www.blogger.com/profile/02636254435369847915noreply@blogger.comtag:blogger.com,1999:blog-8522220863321921021.post-14915247728552141962011-01-28T09:06:28.783+00:002011-01-28T09:06:28.783+00:00Hi Anonymous
I agree that the non-existent ROE is...Hi Anonymous<br /><br />I agree that the non-existent ROE is a cause for concern. You could argue that this is essentially a different company with a different management team, but that might be construed as clutching at straws. <br /><br />Revenues have declined, but they have also changed, as they have sold various companies and divisions. The current revenue stream is far more lumpy, which I'm less keen on, as the cash balance will be gobbled up in lean yearsYorkiemhttps://www.blogger.com/profile/02636254435369847915noreply@blogger.comtag:blogger.com,1999:blog-8522220863321921021.post-28512890678154126512011-01-27T18:28:09.271+00:002011-01-27T18:28:09.271+00:00i have been watching this for a while and feel tha...i have been watching this for a while and feel that 100p is about right with a target of 200p in 4 years giving a 25% pa return plus dividend.<br /><br />It may however do nothing for 1/2 years.<br /><br />Good post, good report.<br />Tiger Castlefordcas tigernoreply@blogger.comtag:blogger.com,1999:blog-8522220863321921021.post-83268621987682697612011-01-26T21:04:53.805+00:002011-01-26T21:04:53.805+00:00The company has had appalling ROE throughout the l...The company has had appalling ROE throughout the last decade, and there's no indication that it's going to get better. It is too weak a company. Revenues have declined over many years.<br /><br />SELL.Anonymousnoreply@blogger.com