Management Resource Solutions (LON:MRS)
SECTOR – SUPPORT SERVICES
RATING – CORP*
MARKET CAP – £9.1m
CURRENT PRICE – 4.3p#
ANALYST – MIKE JEREMY |
|
Year-end June |
2017A |
2018A |
2019E |
2020E |
|
Revenue (A$m) |
52.4 |
69.1 |
No forecasts provided |
||
EBITDA (A$m) |
(4.9) |
12.3 |
||||
Adj. pre-tax Profit (A$m) |
(10.6) |
6.0 |
||||
Adj. EPS (A$c) |
(13.0) |
3.0 |
||||
DPS (A$c) |
- |
- |
||||
Net Cash/(Debt) (A$m) |
(15.7) |
(20.4) |
||||
P/E (x) |
- |
3.2 |
||||
Dividend yield (%) |
- |
- |
||||
EV/EBITDA (x) |
(7.1) |
3.2 |
||||
|
SOURCE: Northland Capital Partners Limited estimates. #Priced at prior trading day close. *Northland Capital Partners Limited acts as Nomad and Broker to Management Resource Solutions plc and therefore this information should be viewed as a Marketing Communication. 1GBP=A$1.77. |
Trading update – FY19 in-line with board expectations |
NORTHLAND VIEW |
§ Net Revenue of A$73.0m - 75.0m (FY18: $69.1m);
§ EBITDA of A$12.0m - 14m (FY18: $12.3m);
§ Profit before Tax $8.0m - 9.0m (FY18: $6.0m);
§ EPS of A4.5 - 5.1c per share (2.6p - 3.0p per share at an A$/GBP exchange rate of 1.7).
|
COMPANY DESCRIPTION
Management Resource Solutions plc through its subsidiaries Bachmann Plant Hire and MRS Services Group, offers plant hire, equipment repair, refurbishment and fabrication, mine rehabilitation, earthmoving, road construction and support services. |