We will be hosting a webinar with the management of Gattaca on Thursday 3rd November at 1.15pm. There will be a presentation lasting approximately 30 mins and there will then be an opportunity for Q&A.
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Read Equity Developments note on Matchtech Group (MTEC), out this morning, by visiting https://www.research-tree.com/companies/uk/training_%26_recruitment_services/matchtech_group_plc
We believe that Matchtech, an engineering and technology recruitment specialist, will soon begin pulling out of its temporary lull. You see, as opposed to its peers, 73% of NFI comes contractor placements, while its long term prospects are far more tied to the strong tailwinds behind the UK infrastructure, automotive, aerospace, maritime, IT and telecoms industries, than the trials and tribulations of the broader economy. In fact, despite reporting today that LFL NFI declined -1% to £35.85m for the 6 months to January 2016, we think that there are numerous reasons why MTECs results are set to pick up in H216 and beyond. First and foremost
I have found the probable reason for the depressed share price. I believe the last acquisition was done with paper and little or no cash involved. After an agreed time after takeover, many of the new shareholders are cashing in their MTEC stocks. This obviously causes the sp to fall and is kept depressed as any rise that occurs the shareholders sell more causing an overhang. Apparently this can go on for longer than you would think. I will just sit tight and wait for a recovery and news.
I think the only thing you are missing is a capital loss. I bought here at over 500 based on positive news together with a good dividend. I cannot give you a good reason for the sp falling as it has and now failing to recover other than an overall small company market malaise this year. i am experiencing similar issues with other small companies such as ALY and NXR. I took the trouble to telephone the CFO at NXR on Friday to see if there was any underlying problems other than their South African business being affected by the SA economy. As far as I can discern, there was nothing so I bought a few more.
At least with MTEC, the dividend is good while I wait for an sp recovery.
I held this share a while ago but took profits. It seems an excellent re-investment at current price and yield but I have not followed it closely in the last 6 months.
Am I missing something ?
The news today is good from MTEC, stating that the Company is profitable and in line with expectations so I have bought a few more. Indeed, the price looks distinctly depressed so I am hoping for a re-rating here.
...........that sees value in MTEC? Solid balance sheet, good performance and a top dividend must be attractive? In addition, a non-exec director has bought £500,000 + worth of shares today. Nothing like the management having "skin in the game" imo.
"Recruiter Matchtech had a good 2014, as demand for staff increased, and the company focused on its specialist engineering and technology businesses.In the year to July 2013, reported earlier this month. Matchtech lifted revenue 10% and adjusted ..."
Shorting a rising stock....is much worse when it is done by your resident posters that seemingly are your buddies and convince 'long' holders to give up!
What many pi's fail to grasp is the extent that shorting is taking place. Often we tend to think that the 'shorter' is done with and we expect the stock to now rise, now that 'he' is out of the way? You'd be wrong in many instances, for 'he' the shorter, is often followed by others that 'help' keep the stock down !
Some stocks fall after GOOD NEWS! ....IS it just normal levels of profit taking? Yes, imo. BUT the underlying reason for many pi's taking early profits, is simply they are afraid they'll be left in paper losses!
Thus, if the stock, after 'good news' is then shorted, then kiss good bye to this stock reaching new highs?
The 'shorts' therefore 'win' their bets, whereas the 'longs' lose the best part of their investment, possibly for some time to come......and just when you thought this couldn't go any lower, THEY'LL SHORT THE STOCK AGAIN !
Why is this? They both can't win...the money has to come from somewhere?
Thanks for all your support. We are now at 4,330 votes!
AND SOARING !
(that's A LOT of irate investors!)
Investors are saying something? They are voting in their thousands !
Bookmark the links if you wish to 'pass the LINK/s on'.... or read later?
BE A PART OF IT
# The big problem with shorting is that THEY (the shorters) WOULD most likely lose most of their money IF they just 'bet' on the price going down without trying to 'help' it down?
So, there is the 'catch 22' scenario. No one would know of an RNS to be released that will contain BAD NEWS, if they did and then 'shorted' the stock, then they are guilty of 'insider trading'.
The only sure way to short a stock and WIN is to spread dis-information to defame the company with help from other posters that are in concert with them. To ENSURE that they don't lose the biggest part of their 'short', ironically, then, they must deramp with (seemingly) believable posts.
When the pro's do it, they simply get the media or well known 'crooked' tipsters, analysts or brokers to do it for them. (say no more). .They're all in cahoots with each other!
The campaign against shorting is for the benefit of the 'cheated' investors that cannot control their investments due to the dirty tricks played out by co-ordinated deramping in order to tank the sp to abnormally low levels.
When the campaign is complete, the results will be reviewed by Govt legislators re- further action! The branch of the FSA ie FCA will be asked by Davide Serra to conduct an investigation into short selling practices, with the view to either:- an outright ban on short selling, or at the very least to be better and more vigorously regulated !
The HMGovt epetition is a regulated and monitored site with legal authority that will NOT under any circumstances allow any auspicious individuals to prevent 'others' from casting their free votes. Discussions of which are freely entered into with individual viewpoints.
My current view remains pretty much unchanged. The last update was pretty good with NFIs up across the board. I am waiting to see the final figures before getting down off the fence but operationally things seem to be going quite well. Some progress has been made on reducing debt, although there is more to do there.
They generally have a progressive dividend policy which is what attracted me to the share in the first place. As you have probably noticed, however, the market seems to have woken up to the excellent value that was to be had here and unless the results are pretty stellar, these are no longer such a value play in my view.
Long time since your post so I wonder if you will get to read this.
sp now 393p and rising. I guess it was about 295p when you posted in Feb.
I have recently bought in (based on chart momentum rather than fundamentals).
I would be interested to have your current view of this company.
Thanks, it is as much for my benefit as anyone else's really but glad you found it interesting. I added a few more of this share after I wrote that and have seen a big rise this week (not too sure what prompted that). I do believe the share price is approaching about the right value now for what it's worth.
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