Share Name Share Symbol Market Type Share ISIN Share Description
Mangmnt.Cons.Gp LSE:MMC London Ordinary Share GB0001979029 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.025p -0.49% 5.10p 5.00p 5.10p 5.10p 5.10p 5.10p 292,119.00 12:02:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 139.9 -3.7 -13.3 - 26.07

Management Consulting Share Discussion Threads

Showing 1176 to 1200 of 1200 messages
Chat Pages: 48  47  46  45  44  43  42  41  40  39  38  37  Older
DateSubjectAuthorDiscuss
09/12/2016
08:36
Circular with proforma b/s is here FYI hxxp://www.mcgplc.com/pdf/circular-and-notice-of-general-meeting-2016.pdf Net cur assets £32m indeed strong vs market cap £26m, but pension liability £17.6m, ongoing losses, and wind down costs of KS business to consider. I find it kind of interesting at this price but think I want to see evidence of turnaround of AP.
eezymunny
09/12/2016
07:38
Thanks WJ, just found the proform.
spooky
09/12/2016
00:22
Hi spooky, Post capital return and at 5p share price the figures are mkt cap 25.6mm Net Cash 52.694mm Net Current Assets 32.448mm Net Assets 66.835mm
wjccghcc
08/12/2016
23:41
WJ - Your cash/market cap. figures may be right but what about the other liabilities within the business?
spooky
08/12/2016
21:32
Probably will a little later down the line when it'll be worth more.
battlebus2
08/12/2016
21:31
Why wouldn't they look for a buyer for the remaining business (or whole company) and just complete the job?
stemis
08/12/2016
12:43
Perhaps, but with Richard Griffiths now holding over 7%, I suspect it will be more difficult to splash the cash as opposed to selling up and returning it to shareholders.
wjccghcc
08/12/2016
11:35
What will they do with cash...normal process buy another company at a premium saddled with debt or problems & the merry go round starts again...
diku
08/12/2016
10:36
14.67p ex-dividend.
wjccghcc
08/12/2016
10:19
What's with the sudden drop ?
rickyvader
08/12/2016
10:15
Lol. Added at 5p. Check back in a few years when the remaining business is profitable.
battlebus2
08/12/2016
10:14
Really? Net cash is £52.5mm versus mkt cap of 29mm. Assume Proudfoot loses £5mm this year and there's still a big cash cushion. Even using net current assets rather than net cash gives a surplus. I suspect if they can't turn round Proudfoot in the next 12 months, they'll be pressured to sell it and wind up the company.
wjccghcc
08/12/2016
09:46
Waiting for 3p...
diku
03/12/2016
23:47
Also joined with a few....
battlebus2
15/11/2016
09:11
16p again?...
diku
11/11/2016
16:29
Thanks, yeah missed the $8m costs - FX rate has improved since that announcement so it is more like £124.5m @ 1.26. So about 18p/share net of all liabilities. They won't pay all that out in cash. Admin costs are about £30m/year so think £10m max restructuring cost, US service industry restructuring isn't that onerous. If we also took off £15m to balance working capital (in reality they can probably run negative NWC just not as much as they had at the HY) & £15m into pension fund they could still return c15p/share and be left with a debt-free £50m+ turnover performing business after turnaround. I've bought a few now to keep on my radar with the option to add if it goes much lower.
dangersimpson2
11/11/2016
15:28
Hmmm.... "MCG is expected to receive net cash proceeds of approximately $157 million (equivalent to approximately £121 million) after the deduction of estimated transaction costs of approximately $8 million (equivalent to £6 million). There will also be non-recurring expenses and cash outflows associated with the Disposal, principally relating to share awards and employee remuneration and tax expenses arising on the Disposal. After deduction of non-recurring costs and tax expenses the net cash proceeds are expected to be approximately £116 million." Then "Following Completion, the Group will retain certain assets, obligations and liabilities of the existing Kurt Salmon business, relating principally to back office functions in the United States. Some of these are required to support the transitional services agreements in place with Wavestone (formerly Solucom) and ECG Management Consultants, the acquirers of the French and related operations and the healthcare operations of Kurt Salmon respectively, and the transitional services agreement with Accenture. Following the Disposal, and as these transitional services arrangements with acquirers fall away over time, the Group will need to make changes to the existing back office functions to reduce costs, in the United States in particular. The Group is also likely to make other changes to its cost base to reflect the reduced scale of the continuing operations of the Group following the Disposal. The Group intends to retain sufficient cash resources to support the ongoing costs of these obligations and liabilities and any related restructuring requirements following the Disposal. " So your numbers are probably too optimistic IMO but your point that a £50m t/o consulting group might be worth £50m to someone when returned to profitability (and theerfore MMC might be cheap here) is valid IMO. Not cheap enough for me yet but I'm getting more stingy every year!
eezymunny
11/11/2016
14:44
Interesting that assuming they got the $165m on completion in USD and didn't hedge this is now trading below net cash: Sale proceeds $165,000,000 FX 1.26Sale Proceeds £130,952,381 Cash £7,983,000 Debt £6,063,000 Pension Deficit £17,685,000 Payables £24,263,000 Receivables £8,462,000 NWC -£15,801,000 Other liabilities £1,258,000 Net Cash £98,128,381 Shares in Issue 507,794,065 Net Cash/Share £0.19324 So if you buy today you are getting a c£50m T/O business for free. This is probably still slightly loss-making but the other business sold for c. 1x sales so could be a c50% upside with little downside given the cash backing.
dangersimpson2
22/9/2016
21:19
Quite some uptick here today (!!!), after this morning's RNS. Any views anyone, on where we go from here. f
fillipe
13/7/2016
14:16
Breakout?...or a bid?..
diku
25/5/2016
09:07
CSG got the bid...anybody for MMC?....
diku
23/5/2016
07:35
25p anybody?...
diku
18/5/2016
22:00
Something is brewing here...
diku
13/5/2016
06:50
25p anybody?...
diku
10/5/2016
22:01
Something going on here...
diku
Chat Pages: 48  47  46  45  44  43  42  41  40  39  38  37  Older
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P:40 V: D:20161209 13:34:07