83 replies to this topic

[Hooligan]

So...do we have a nice buying opportunity here?

Or are investors getting impatient and fed up with non performance of the SP here? 

 

 

 

[TheLittleGuy]

What these 1H14 results show is importance of MTA's global strategy. Good results out of Mutlu smooth out a production slow in SA. Going into 2H SA production should ramp back up to more normalised levels and Mutlu enters is seasonally strong period, which bodes well for FY14 numbers. MTA is still on track to generate EPS of R3.50 for FY14

 

http://wp.me/p3RKee-7H

[Hooligan]

Whats your take on the SENS?

Guess I expected a bit more. 

I see the SP is down today - after some upwards momentum.  Looks like investors in general share the sentiment.

 

But overall still happy to hold - will keep a close eye on the next set of results. 

[BlythZ]

Whats your take on the SENS?

Queen B, are you still trading the ALSI or just CFDs on stocks? 

[Queen B]

Whats your take on the SENS?

[Hooligan]

http://www.sharenet....818070500&seq=2

 

[vlam]

                                    6m14                                2Q14

Turkish Lira ('000)                       Y/Y % chg                             Y/Y % chg

Revs                        175,588         14.0%              78,763         29.10%

Operating Profit        18,894         136.1%              6,496          548.87%

NP                             13,670         884.0%             9,805.91     191.06%          

GM                              22.9%      up 170 bps            17.9%     up 440 bps

OM                              10.8%      up 810 bps             8.2%      up 1020 bps

NP                                 7.8%      up 680bps              5.7%      up 1380 bps

 

Is that 2Q14 revenue figure correct?  I read 79,301 (Turkish Lira '000) from their financials?

 

Irregardless, keen to see the company's next set of results.

 

From Metair SENS in the past, but easy to verify:

 Multu Holding and its subsidiaries is a highly seasonal business and, as such, generates the major portion of its profit in the second half of the year (during the winter months).

 

So maybe we can expect an even stronger second half

[stoffels]

URL Link [\Common\DDAP.SPRD.SENS.STORIES\SENS_20140813_S347755.pdf]
Symbol [MTA]
Refinancing of Metair?s Bridge Loan Facilities

Metair Investments Limited
(Registration number 1948/031013/06)
(Incorporated in the Republic of South Africa)
Share Code: MTA       ISIN: ZAE000090692
(?Metair?)


REFINANCING OF METAIR?S BRIDGE LOAN FACILITIES



On 12 August 2014, Metair, acting through its two wholly owned subsidiaries, Inalex Proprietary

Limited and Nikisize Proprietary Limited, entered into formal agreements for the refinancing of the

facilities extended by Absa Bank Limited (?Absa Bank?) for the acquisition of the Turkish battery

manufacturer, Mutlu Aku Ve Malzemeleri Sanayii Anonim Sirketi by way of the issue of preference

shares in an aggregate amount of ZAR 1.4 billion (?Refinancing?).



The preference shares carry a dividend rate of 69% of the South African prime rate, nominal annual

compounded monthly, and are redeemable over a period of 5 years commencing no earlier than 3

years and 1 month from the date of issue.



The Refinancing includes a revolving credit facility, which will be used for general corporate purposes.

The revolving credit facility has a tenor of 5 years and attracts interest at 2.05% over the ruling

Johannesburg Interbank Agreed Rate.



The Refinancing is subject to the fulfilment of conditions precedent customary for transactions of this

nature. These relate to formalities prescribed in the Companies Act, 71 of 2008, as amended ("Act")

regarding financial assistance and verification of each borrower and guarantors' incorporation and

authority under the Act and their respective Memorandums of Incorporation, save in respect of off-

shore subsidiaries where compliance with the relevant laws of each jurisdiction has been verified and

the necessary approvals have been obtained. These are expected to be fulfilled imminently.



Standard Bank Limited (?Standard Bank?) will subscribe for the entire preference shares issue and

Absa Bank, Investec Bank Limited, and Standard Bank have committed to the revolving credit facility.


Through the Refinancing, Metair achieved its objective of securing funding at very competitive rates

and a structure which will provide it with the necessary flexibility in pursuing future strategic

opportunities.



Johannesburg

13 August 2014



Advisor, Global Coordinator, and Bookrunner:

Absa Bank Limited, acting through its Corporate and Investment Banking Division



Attorneys to Metair:

Tabacks Corporate Law Advisors



Legal counsel for Absa Bank, in its capacity as arranger of the financing:

Webber Wentzel



Sponsor to Metair:

One Capital

Date: 13/08/2014 05:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

[Jonny]

Up +-5% in 2 days.Things will become interesting once MTA posts their own results. 

[orca]

Hay Orca...hows Portugal?
 
Better you enjoying the summer sunshine there...

Just great HDB? Thanks.
I've been hyping this stock up as the next CML for some time so now I don't feel too bad with it's stagnation the past year. Pity I missed that move today and the SENS yesterday. Sold off my PNC so have cash at my broker to add to MTA.

[Hooligan]

                                    6m14                                2Q14

Turkish Lira ('000)                       Y/Y % chg                             Y/Y % chg

Revs                        175,588         14.0%              78,763         29.10%

Operating Profit        18,894         136.1%              6,496          548.87%

NP                             13,670         884.0%             9,805.91     191.06%          

GM                              22.9%      up 170 bps            17.9%     up 440 bps

OM                              10.8%      up 810 bps             8.2%      up 1020 bps

NP                                 7.8%      up 680bps              5.7%      up 1380 bps

Thanks for this.

 

I tried checking this out on the site and could not make heads or tails of it.

[TheLittleGuy]

 

Some solid results out of Mutlu Aku last night. Bodes well for MTA heading into their interim results. I still believe the Mkt  under-appreciating the earnings power of MTA's Mutlu Aku acquisition. All else equal MTA could easily do R3,86 FY14 earnings number, @ 12x = R46.33 shr price (28.5% upside)

 

  6m14 2Q14 Turkish Lira ('000)   Y/Y % chg   Y/Y % chg Revs  175,588 14.0%  78,763 29.10% Operating Profit  18,894 136.1%  6,496 548.87% NP  13,670 884.0%  9,805.91 191.06%           GM 22.9% up 170 bps 17.9% up 440 bps OM 10.8% up 810 bps 8.2% up 1020 bps NP 7.8% up 680bps 5.7% up 1380 bps

 

 

 

 

                                    6m14                                2Q14

Turkish Lira ('000)                       Y/Y % chg                             Y/Y % chg

Revs                        175,588         14.0%              78,763         29.10%

Operating Profit        18,894         136.1%              6,496          548.87%

NP                             13,670         884.0%             9,805.91     191.06%          

GM                              22.9%      up 170 bps            17.9%     up 440 bps

OM                              10.8%      up 810 bps             8.2%      up 1020 bps

NP                                 7.8%      up 680bps              5.7%      up 1380 bps

[TheLittleGuy]

Some solid results out of Mutlu Aku last night. Bodes well for MTA heading into their interim results. I still believe the Mkt  under-appreciating the earnings power of MTA's Mutlu Aku acquisition. All else equal MTA could easily do R3,86 FY14 earnings number, @ 12x = R46.33 shr price (28.5% upside)

 

  6m14 2Q14 Turkish Lira ('000)   Y/Y % chg   Y/Y % chg Revs  175,588 14.0%  78,763 29.10% Operating Profit  18,894 136.1%  6,496 548.87% NP  13,670 884.0%  9,805.91 191.06%           GM 22.9% up 170 bps 17.9% up 440 bps OM 10.8% up 810 bps 8.2% up 1020 bps NP 7.8% up 680bps 5.7% up 1380 bps

 

Edited by TheLittleGuy, 12 August 2014 - 10:11 AM.

[Hooligan]

Same, have been disappointed here.  But being patient is the name of the game right.

 

Anyway, I will make a call post results.  Might have to sell a little...I've been trigger happy in topping up around this 36/37 level.

[Jonny]

With results due in 2 weeks wouldn't we have expected a trading statement saying that profits will increase more than 20% by now? Or too early?

 

Wonder if that cheap Korean imports are hurting more than expected. I am though expecting (hoping) for good results - got a decent holding here.

[HDB]

Results should be out in 2 weeks and hopefully her new Turkish acquisition will be the catalyst.

Hay Orca...hows Portugal?

 

Better you enjoying the summer sunshine there...

[orca]

Results should be out in 2 weeks and hopefully her new Turkish acquisition will be the catalyst.

[Queen B]

This one is still an enigma to me

Its an oyster full of pearls, but just wont kick into gear

[Hooligan]

Anyone have ideas where this one is heading?

Seems to have stagnated around R37 to R38

I added both at 39 and 37.50.

 

Doubt it will breach below 37... andif it does...well then I can't wait to add more

[Queen B]

Anyone have ideas where this one is heading?

Seems to have stagnated around R37 to R38