Molins

www.molins.com/ TICKER: MLIN     EXCHANGE: AIM

Molins is an international business providing high performance machinery and instrumentation, as well as services and support for the production, packaging and analysis of consumer products.

LATEST REPORTS

 
New CEO raises the bar
Published: Mar 02 2017

Molins is a technology-led service provider of high speed Packaging equipment (52%) and Instrumentation & Tobacco Machinery (48%).  In terms of markets, the tobacco industry accounts for around 45% of group revenues, with >90% of sales generated from outside the UK, and circa 40% coming from aftermarket services.Molins this morning released 2016 results along with the findings of its Strategic Review. The good news is that, despite a testing 12 months, the firm’s difficulties, especially concerning pipeline conversion, appear fixable: primarily involving the introduction of a new

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Temporary headwinds starting to ease
Published: Dec 12 2016

In Molins’ end 2016 trading update, released today, the company said that Q4 trading has been “materially” affected by delayed orders and lower gross margins, due to extended customer procurement cycles and “unfavourable sales mix”. Here we suspect that some of the deferrals might have also been triggered by macro uncertainties, such as the November US presidential elections. That said, as the ‘economic fog’ lifts, client capex budgets are returning to normal, generating much improved activity levels. Indeed Molins said  that order intake in the last three months has been po

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Better H2 expected despite tough conditions
Published: Aug 24 2016

This morning Molins (MLIN) reported Interim results in line with management expectations, with sales from continuing operations of £35.0m (2015: £39.5m) and an underlying profit before tax from continuing operations of £0.1m (2015: £1.3m). As in recent years, the Group's full year trading performance will be significantly weighted towards the second half.However today Molins has stated that it is experiencing continuing delays in receiving orders and is therefore taking a more cautious view of the short-term trading outlook, and has revised downwards its trading expectations for

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Trading in line with expectations
Published: Apr 22 2016

Molins is a technology-led service provider of high speed packaging (59% of group sales) and cigarette making machines, as well as process/quality control instrumentation (Cerulean). In terms of markets, the tobacco industry accounts for around 45% of group revenues, with >90% of sales generated from outside the UK, and a third coming from aftermarket services.Despite being profitable, cash generative and paying a 5.5% dividend yield, the shares at 50p languish at a 53% discount to net tangible assets (NTA, of 107p), and are only 12% above Dec'15 NCTA of 44.5p/share (adjusted for net d

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79% upside vs our 120p/share price target
Published: Feb 25 2016

This morning Molins reported 2015 results that were in line with market expectations, delivering revenues, adjusted PBT, EPS and net debt from continuing activities of £87.0m (-0.4%), £3.8m (-29.2%), 15.1p (-32.6%) and £3.2m (up £1.1m) respectively. The YoY decline was principally caused by a sharp contraction in demand across its Tobacco machinery and Instrumentation activities.In contrast, the company reported a strong performance from its Packaging Machinery division, where operating profits more than doubled to £3.9m on the back of a 26% jump in LFL revenues to £51.0m, driven by a br

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Significantly undervalued
Published: Aug 27 2015

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'Slightly ahead of expectations'
Published: May 31 2015

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ARCHIVE

2015
On track despite absorbing forex hit
Published: Apr 27 2015

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6% dividend yield with 2.2x earnings cover
Published: Feb 24 2015

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2014
Tough conditions continue in Tobacco
Published: Oct 13 2014

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Creditable H1 despite tougher conditions
Published: Aug 27 2014

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Possible forex headwind
Published: Jun 26 2014

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On track with strong H2 expected
Published: Apr 24 2014

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Outstanding buying opportunity
Published: Feb 26 2014

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2013
On track for solid FY13
Published: Oct 23 2013

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Beats expectations after strong H1
Published: Aug 29 2013

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Shifting up the gears
Published: Mar 14 2013

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