Murgitroyd (MUR)

Murgitroyd MUR Logo

Engaged in providing a range of intellectual property (IP) advisory services offering a range of services, such as patents, trademarks, designs, utility models, global IP filing, etc.

5-Feb-2018 – 545p – £49.0m – PER 15.8

Interim Results For The 6 Months To End November 2017 – Revenue flat at £21.6m with PBT up 13% at £1.67m (2016: £1.48m), EPS up 14% to 13.8p (2016: 12.1p). Interim dividend of 6.5p per share (2016: 5p), an increase of 30% and Cash position stands at £2.63m (30 November 2016: £1.52m).

Quite like this. Not keen on buying much at present so it’s going on my Watchlist, an optimistic 400p.

11-Sep-2018 – 725p – £64.8m – PER 20.2

Preliminary Results For The 12 Months To End May 2018 – Revenue flat (£43.9m), Underlying PBT up 7% to £4.1m (2017: £3.8m), Dividend up 24%, Underlying Basic EPSup 21% to 34.2p (2017: 28.3p) with Cash at £3.03m (31 May 2017: £2.54m).

This was on my Watchlist (from 400p – Doh!) but I will go Neutral for now as on a PER of 20 or so it’s perhaps reached a more fair valuation here.

21-Feb-2019 – 484p – £43.6m – PER 13

Interim Results For The 6 Months To End November 2018 – Revenue up 5%, PBT up about 1%, EPS up 3%.

On a PER of 20 I didn’t see the value here, I am still finding it difficult even at this price.

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