Mediasurface Share Discussion Threads

[thepopeofchillitown] 16/4/2007 18:15

anupama - 16 Apr'07 - 12:18 - 2316 of 2318


I believe the interims have been finalised by the fd and should be released in the next two weeks. Here's hoping that nothing has leaked.

Doesn't look good does it!!!!

[joshalexander] 16/4/2007 17:13

Counting myself very lucky here.
Nearly bought heavily here at 25 pence plus a few weeks back.
A lucky esscape, at least short term.
Will have a look again after the next results.

[yump] 16/4/2007 15:21

So as a few of us thought the scaleback to 1.35p in this year's forecast seems to be due to the launch of Pepperio, confirmed by this from the Hargreaves note: "the prospective multiple of 14 is not high given the prospects for growth - even allowing for the expected nil tax charge. This year's profit will be held back by the costs of increased marketing of Pepperio"

Although theres held back and held back... I certainly don't mind being 'held back' to 35% growth at a p/e of around 14 !! If peg is your thing, that's about 0.5 and anything like 2p for 2008 as forecast would give a ridiculously low valuation. ie. 50% growth on a p/e of 10.

[anupama] 16/4/2007 12:18

I believe the interims have been finalised by the fd and should be released in the next two weeks. Here's hoping that nothing has leaked.

[mattyfromtheblock] 16/4/2007 11:45

15 Apr 2007
Pepperio Launches Partner Program in US
Mediasurface's Pepperio Helps Creative Design Firms and Interactive Agencies Generate Additional Revenue & Find New Customers

Mediasurface (UK, AIM: MSR), the fastest growing content management solution provider, launches at the AIIM Conference & Expo 2007 its US Partner Program designed to help creative design firms and interactive agencies generate additional revenue, secure new business and monetize Web Services through its award-winning Pepperio Website Management Platform

April 16, 2007 USA: Mediasurface, the leading global Web Content Management software publisher, today launched its new US channel initiative to creative agencies and interactive design firms interested in generating incremental revenue by becoming a Pepperio partner. Pepperio, a hosted website management platform, enables these firms to ease the burden of web projects and make them more profitable for their business.

Today's creative agencies tend to outsource or not include the web as a primary business focus due to the complexity of setting up the technical infrastructure, dealing with the technical development and coding, and the ongoing access and management of the content of their customer's websites.

Pepperio, Mediasurface's hosted website management platform, is focused on enabling design firms to quickly and easily offer a more complete website solution to customers as well as offer additional consultative services such as Search Engine Optimization (SEO). Pepperio is created specifically for small to medium sized businesses that require a robust and professional company website as well as the ability to easily and quickly update the content of the website without requiring any technical skills.

Pepperio enables the design firm to monetize the revenue related to web hosting and website development instead of giving this money away to outside developers by offering a single platform and sharing the monthly hosting and software revenue with the partner. In addition, design firms can now accommodate smaller customers by offering a very low cost of entry for organizations to get set up on the web and maintain their websites on an ongoing basis. Essentially, Pepperio partners become a 'one stop shop' offering a full range of services, without having to worry about the technicalities of creating, running and hosting the websites or additional software needed to maintain the websites.

Hot features such as a pre-built Google Site Map, Google Analytics, easy management of keywords and taxonomy as well as easy tools for managing user rights to create, edit and publish pages make Pepperio a great value for small businesses who can't afford traditional web content management systems.

The Butler Group touts Pepperio's functions and focus on this niche market in a recent technology audit and recognizes the need for an easy to use, hosted, low cost website management solution; "The Internet has provided smaller companies with a level playing field enabling them to compete with large enterprises in their ability to reach a global audience. However, they cannot match the budgets of large companies when it comes to investing in the resources required to design and maintain a web site. Many of these SMEs have already been through one or two generations of web site development and are looking for a solution that is easier to use and maintain. In our opinion, Pepperio is an ideal solution for any SME company that does not have the resources to develop and maintain a bespoke web site or to maintain the infrastructure. We would recommend a closer inspection of the product by any company that falls into that category and requires a Web presence."

Mediasurface is actively seeking partners to leverage the Pepperio website management platform. If you would like further information on becoming a Pepperio partner or want to know more about Pepperio, email [e-mail]. Mediasurface is also hosting an online Partner Introduction to Pepperio on April 27 @ 10am EST, email [e-mail] to register for this one hour informational session. You can also visit the Pepperio website at www.pepperio.com for more information and a demonstration of Pepperio.

[donaferentes] 13/4/2007 18:35

the two large sells were 0.5% and 0.7% of issued shares respectively. So unless they cross a whole %age or 3% we may not see an RNS to explain them.

Who knows - could be a reason to sell uncollected with MSR per se - a sub-prime mortgage lender having to pay back the bank?

[arthurly] 13/4/2007 17:32

I dunno yump. I was very pleased with my buy even though just back from the pub after a pint of Stella and and a very large white wine !

[yump] 13/4/2007 17:19

Think I'll get me coat - didn't bother to look back to last year ! April interims is going some - could sit peacefully through the summer then.

Interesting day. Anyone think that was a series of sells to release a few shares at the request of a largish buyer ? or something like that ?

[stegrego] 13/4/2007 17:09

Not sure if this posted or not but its from the Jan Edition of AIM INSIGHT from Hargreaves Lansdown - (i think its now available to download for free)

Back in the tech boom at the beginning
of the decade, there was talk of
a flotation for website content management
software supplier Mediasurface. It
was valued at hundreds of millions of pounds
but ran into difficulties. However, new management
joined in 2002 and Mediasurface
showed a dramatic turnaround from loss to
profit in its results released at the beginning
of January. It has been a tough job moving
Mediasurface into profit but now it is there,
it is highly cash generative and we think there
is still plenty of scope for further growth.
Mediasurface lost £500,000 in the year
to September 2005 but a 42% increase in revenues
to £9.67m enabled it to produce a
profit of £806,000 last year. The website
content management market is estimated to
be growing at 15% a year so Mediasurface is
growing nearly three times faster than the
market. Forecasts for this year indicate it
could still grow twice as fast as the market.
This transformation has been down to
improving sales of the company's core software
product Morello. Its newer managed
services product, Pepperio, is yet to make a
significant contribution but it could become
an important revenue generator in the coming
years.
Morello is a software package that
enables non-technical people to change and
update a company's website, intranet or
extranet. Morello generates three types of
revenues which come from selling software
licences, professional services related to the
setting up or continued use of the software
and recurring maintenance revenues.
Morello has a wide range of large businesses
and organisations as customers,
including Prudential, Intercontinental
Hotels, Ingersoll Rand, EMI, Britannia
Building Society, Ofcom and the Home
Office. Its main markets are the UK,
Netherlands, US and Australia.
The deal with community healthcare
business Simplyhealth provides an example of
how revenues are generated. Simplyhealth
paid £130,000 for a software licence and a
further £60,000 on professional services provided
by Mediasurface. It is also paying an
annual maintenance fee of £26,000.
Simplyhealth bought Morello because it
allows the marketing staff to manage their
part of the website, and it will also reduce
ongoing website maintenance costs because
they will be handled internally rather than
through outside consultants.
Demand for Morello continues to grow
and the group's growth will be given added
impetus over the medium-term by Pepperio.
Pepperio is a managed service equivalent of
Morello aimed at small businesses and it is
sold through design agencies. The small
businesses pay for the design and building of
a website and then pay a minimum of £100 a
month. The designer and Mediasurface each
receive half of this monthly payment. This
will increase the proportion of
Mediasurface's income that is recurring and
at the end of September total annualised
recurring income was £2.5m.
Pepperio was launched last summer so it
didn't have much effect on last year's financial
results and probably won't make a large
contribution this year either. Analysts are
assuming that Pepperio will contribute up to
12% of turnover in 2007/08, which could
prove conservative.
There is also scope to grow geographically.
Even though Mediasurface does have distribution
in the US, there is still room to
build up its coverage across the country.
In the past Mediasurface's share price has
been held back through selling by the company's
original venture capital backers. This
overhang has gone and the only significant
pre-flotation investor still around is
Mediasurface's chairman Michael Jackson's
firm Elderstreet, which owns around onequarter
of the company. Jackson himself
owns 5.5%.
Mediasurface has usable tax losses of
£7m so it won't be paying any significant tax
for at least three years even if trading is better
than expected. Net cash reached £1.1m at
the end of September and this could rise to
£1.8m next September.
Mediasurface floated in August 2004 at
12p a share. The shares haven't always traded
above that level but since the end of 2005
they have risen by more than 50%. Even so
the prospective multiple of 14 is not high
given the prospects for growth - even allowing
for the expected nil tax charge. This
year's profit will be held back by the costs of
increased marketing of Pepperio. The multiple
could fall to less than 8 for the year to
September 2008 as Pepperio starts to make a
more substantial contribution. Consider as a
buy.

[stegrego] 13/4/2007 17:00

Just looking at last year - they had finals in Jan and Interims in April
This year finals in Jan so thought maybe same pattern again??

[arthurly] 13/4/2007 16:59

yump - interims were 18 April last year - amazingly quick at getting them out !

[yump] 13/4/2007 16:44

MSR finals were 8th. Jan, so July for interims. Think with those sells we may have hit May early. Having come back significantly from its high I reckon it'll be sideways until interims and then a chance in the quiet summer to mull the results and stock up if it looks on target or ahead.

Not expecting fireworks in terms of RNS's because each one with this business isn't going to suddenly change the prospects. More a case of adding them all up to see what to expect in total. General business wins aren't RNS worthy, so I don't think we'll get much on Pepperio until mid-year. Big Morello wins do seem to generate an RNS though.

As others have posted, MSR do keep their website quite well updated with progress and press-cuttings, so should be possible to track using that to some extent.

[stegrego] 13/4/2007 16:27

interims due this month?

[stegrego] 13/4/2007 16:25

In LEAD too - have been for 2 years or so - got to 90 and i was quids in - watched it all the way down to 40's. Bit fustrating but im sure it will come good sooner or later (and ive already got the 2 years AIM taper relief on it now!)

[arthurly] 13/4/2007 16:24

Looks like we're starting to rise already.

[arthurly] 13/4/2007 16:20

I usually do best in that sort of situation. LEAD is another one .....

[stegrego] 13/4/2007 16:13

Someone dumping half a million shares might explain the drop!
Hope theyve done...

[stegrego] 13/4/2007 15:42

In - wanted to get in at the start of the year but it seemed to get away from me - in now though - hopefully the drop is temporary and nothing is behind it other than a few profit takers...

[arthurly] 13/4/2007 15:12

Just had £10k's worth.

[yump] 13/4/2007 14:55

Looks like someone's offloading their holding all in one go today !
50,000 then a series of 10,000. Might not be the same person, but a bit of a coincidence that a series of sales come out of the blue.

Been some very sudden movements in stocks recently - no newsflow, just the volatility.

30% growth and a pe of under 15 now.

[dibbs] 04/4/2007 22:45

Sitting right at the bottom of the uptrend established in November 06. A rise from here could be on the cards if you go place any faith in charts.

Aiternatively a period of trading sideways with a base at 22p would do me for now, with more to come with possible upgrades, which could tip MSR towards being cheap, as opposed to fair value at the 25p level.

No more falls anyway please!

Dibbs

[yump] 04/4/2007 16:08

Thats interesting, a couple of days of drops with not much difference in buy and sell volumes and now a lot more sells and only down 0.5p, unless that 25,000 @22p was a buy. Mmmm.

[donaferentes] 03/4/2007 20:49

Why the tumble today - large buying order needing to be filled at a cheap price? Let's hope the 50dma stands us in good stead as the lower limb of the uptrend.

[yump] 03/4/2007 14:37

Well given the forecast is for 1.5p, before any extra earnings possibilities appear, then would think a p/e of 15 is good value given the growth rate. Perhaps we'll settle around 15 x 1.5p ish until further news.

Anything under that and I'll be in for some more, although already quite heavily invested.

[joshalexander] 03/4/2007 14:06

I would tend to agree with that yump.
I was looking to buy here before the Interim results, but did not like the recent retracement. It seems many smaller caps are drifting or marking time at the moment. However, many are in from much lower levels so have done very well here.