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Melrose Resources(MRS)

Sector:

Oil & Gas Producers

Index:

FTSE 250

Market Cap

£467.71m

Change Today

Price Down-10.00p

Share Price

425.00p

MRS Overview

Oil and gas explorer and producer Melrose Resources is based in Edinburgh but has activities in the Nile Basin of Egypt, the Bulgarian Black Sea, the French Mediterranean and in Texas.

1 Day Chart (04-Jul-2008)

1 Day Chart

6 Month Chart

6 Month Chart

Income & Efficiency

Latest F'cast
Div Yield 1.0% 0.4%
Div Cover -14.0 11.1
Op Mrgn -8.9% 31.3%
ROCE -2.3%  

Valuation

Latest F'cast
P/E n/a 21.0
PEG n/a n/a
Pr/Revenue 5.9 2.8
Pr/Book 3.3  

Growth

Latest F'cast
Revenue 36.0% 107.1%
PBT n/a n/a
EPS n/a n/a
DPS 21.6% -13.5%

MRS Fundamentals

Year Ending Revenue ($m) Pre-tax ($m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-03 a6.95 a0.31 6.30p 22.9 n/a n/a n/a 0.0%
31-Dec-04 59.07 (11.09) (11.20)¢ n/a n/a n/a 1.74¢ 0.3%
31-Dec-05 94.51 31.76 28.90p 12.2 n/a n/a 1.50p 0.4%
31-Dec-06 116.34 11.12 n/a n/a n/a n/a 3.43¢ 0.4%
31-Dec-07 158.20 (55.00) (58.20)¢ n/a n/a n/a 4.17¢ 0.8%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

MRS Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-08 165.38 51.69 20.19p 21.0 n/a n/a 1.82p 0.4%
31-Dec-09 163.87 44.33 20.33p 20.9 30.0 +1% 2.29p 0.5%

Covering analysts: Arbuthnot Securities, Brewin Dolphin Securities, Evolution Securities, Research & Analysis, Seymour Pierce

MRS Company Announcements

Drilling Update 03-Jul-2008 07:00 RNS
Bulgarian Gas Storage Project 25-Jun-2008 11:01 RNS
Appointment of Independent No 23-Jun-2008 07:00 RNS

MRS ShareCast News

Melrose pleased with Texas test drilling 03-Jul-2008 ShareCast
Melrose leaps on Bulgarian gas storage news 25-Jun-2008 ShareCast
FTSE 250 movers: Lower cigarette filters sales f... 24-Apr-2008 ShareCast

MRS Top Newspaper Links

Melrose lifted by Texas oil find 04-Jul-2008 The Herald
Green campaign fails to give Superglass the lift... 02-Jul-2008 The Scotsman
Melrose in line for £60m deal 30-Jun-2008 The Scotsman

Latest MRS Director Deals

No deals were found in the last 28 days.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

MRS Market Data

Currency UK Pounds
Share Price 425.00p Price Down
Change Today -10.00p
52 Week High 435.00p
52 Week Low 262.50p
Volume 35,409
Shares Issued 110.05m
Market Cap £467.71m
Beta 0.08
RiskGrade 194

MRS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.58% below the market average91.58% below the market average91.58% below the market average91.58% below the market average91.58% below the market average
80.53% below the sector average80.53% below the sector average80.53% below the sector average80.53% below the sector average80.53% below the sector average
Price Trend
93.11% above the market average93.11% above the market average93.11% above the market average93.11% above the market average93.11% above the market average
63.20% above the sector average63.20% above the sector average63.20% above the sector average63.20% above the sector average63.20% above the sector average
Income
100% below the market average100% below the market average100% below the market average100% below the market average100% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
54.28% below the market average54.28% below the market average54.28% below the market average54.28% below the market average54.28% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 0
Sell 1
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MRS Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Jun-08 n/a
Paid 04-Jul-08 n/a
Amount 2.10p 0.000p

Trades for 04-Jul-2008

Time Volume / Share Price
16:35 2,532 @ 425.00p
16:22 353 @ 423.00p
16:19 848 @ 423.00p
16:15 5 @ 421.00p
16:13 1,003 @ 420.00p

MRS Key Personnel

Finance Director James Munro M Sutherland
Chair Robert F M Adair
CEO David Howard Thomas

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