Mice Group Share Discussion Threads

[boadicea] 04/5/2007 20:08

Verger - I wouldn't make assumptions about which of the large trades are buys and which are sells. Any 'Ordinary' trade over 150K shares normally has publication delayed for an hour. T-trades can be worked over the length of the day and are quite often outside the yellow strip when published.
My expectation in the current situation is that the mm's are running a fairly level book and that one way or another the large buys and sells cancel out. It is a characteristic of MEG that there are sometimes two large trades of same size and price implying that mm's are working on a fee rather than a turn. I don't know why these trades are not put through as a single reported X-trade. Someone will no doubt volunteer an explanation.

Wiganer - Yes!

ProfSmith - Interesting observations... er.. I can't quite track the documentary evidence for your assertions. Ah... I see .. it's your speculation.

[verger] 04/5/2007 15:34

500,000 T buy. I'm holding onto my shares purely for curiosity/entertainment!

[wiganer] 04/5/2007 09:42

Maybe a new thread with a less ridiculous title might be in order?

[professorsmsmith] 04/5/2007 09:14

I imagine the banks are having to make some very difficult decisions. The company must be in breach of all their covenants. I question whether they can actually set covenants that are meaningful in the current situation. That will characterise the debt as "junk": and the rammifications will be serious.

Audit qualification on a "going concern" basis must also be the topic of conversation: if only because of the banking situation.

This is a pack mof cards!

[besbury] 01/5/2007 15:16

Looks like the Plus market have 5 buy trades today @ 12/12.05 and 6 sell @ 11.75/80.

[mrchigley] 01/5/2007 14:19

Isnt this simply Barclays reflecting the sum holding of their nominees on behalf of clients ?

Panic sellers offloaded - holding dropped. Buyers came in for the value presumably, holding rose again !

RNS statements in the wrong order. Jeez I should hope not !

[boadicea] 01/5/2007 12:53

...but it doesn't state when, only "recently" on both yesterday's and today's. Are the statements in the right order?
Both holdings are lower than the previous "recently" one (11.42%) on 26th Feb.

[qalbabbass] 01/5/2007 12:53

They had 11.42% before the statement. Yesterday they sold down to 10.99% and now have bought again and have a holding of 11.17%.

??

[thistimenextyear] 01/5/2007 12:45

Barclays adding

RNS Number:8631V
Mice Group PLC
01 May 2007

MICE Group Plc ('the Company')


Holding in Company


MICE Group Plc, the international marketing services group, has recently been
advised Barclays PLC on behalf of the shareholders detailed below that it has an interest in 19,792,636 ordinary shares of 4p each in the Company representing 11.17% of the issued share capital of the Company.


Looks like they are adding. Yesterdays notice - advised Barclays PLC on behalf of the shareholders detailed below that it has an interest in 19,469,542 ordinary shares of 4p each in the Company representing
10.99% of the issued share capital of the Company.

[boadicea] 30/4/2007 20:29

Overall we appear to have 4 trades of 250k presumed sells and two of 500k presumed buys. As I would rather expect the mm's preferring to keep a fairly level book on this until the position is clarified this neatly balances off. Probably shuffling between institutions but, I supppose (in straw-grasping mode here), could be a predator quietly accumulating.

Some thoughts on the bank covenant situation. With property having been sold, some with leaseback, could it not be that some of the tangible backing for bank loans/overdrafts has been removed? Hence the need to renegotiate their covenants which might amount to little more than ensuring the proceeds of the transactions are largely used to reduce borrowings with a corresponding reduction in borrowing limits. That much would surely be expected.

[besbury] 30/4/2007 18:29

And 2 X 500k late reported trades @ 12.25. Maybe someone sees life after death? O^O

[haydn1967] 30/4/2007 15:54

Been a bit of action here, might be mad but have gone back in. The trades at 12.1 are buys.

[besbury] 30/4/2007 15:31

2 x 250k @ 12p trades this afternoon. Maybe from that 0.5% reduction!

[qalbabbass] 30/4/2007 15:25

Barclays holding decreased by about 0.5%. They still have 10.99% of issued shares.

Could this be the start of Barclays off-loading their stock?

Other major investors have not sold any shares yet so will wait and see.

[joshalexander] 29/4/2007 15:27

MEG has strong echoes of Photobition, this has been mentioned by me and others here previously. No comment on current trading with Thursday's statement.

Many called this incorrectly as they assumed that the January TS was the end of the bad news. It seems that some are going to repeat that mistake. It is very likely that the trading position has continued to weaken and suspension looms large IMO.

[professorsmsmith] 29/4/2007 13:34

Remember Photobition?

[tomoslewis] 28/4/2007 23:48

Come now, banks pulling the plug!?! deep-discount rescue rights issue what tosh

I think a sence of perspective is required here. I certainly added yesterday.

[professorsmsmith] 28/4/2007 13:53

Next key date is the May payroll. The banks will have to make a deision by then. If they don't start instigating the deep-discount rescue rights issue now, I fear the banks may pull the plug!

[verger] 28/4/2007 10:49

Surely the management has an idea of the scale of things, and should now make a comment about the share price

[toby tots] 28/4/2007 09:45

What a bloody shambles!!!

[joshalexander] 27/4/2007 18:22

Suspension within weeks IMO.

[saturn5] 27/4/2007 15:51

What a sorry end to a good company

[nilip] 27/4/2007 11:54

T trade - That's the large seller out of the way.

[jawat] 27/4/2007 10:25

I noticed that as well as the announcement of the £10.4m raised today they have also raised £7.5m from the sale and leaseback of co premises (rns 30 march) so disposal program is ongoing with £17m so far making inroads into the debt --- also said recently that reduced pretax profits will be at least £6m

[scburbs] 27/4/2007 10:16

The facilities are due for renewal in 2008 (P11 annual accounts). Once facilities are within a 1 year of expiry they need to be renewed (otherwise causes problems with auditors etc.). Nothing unusual that MEG are in discussions at this stage (doesn't mean discussions will be successful though).