Midas Capital Share Discussion Threads

[spurious] 03/1/2007 08:58

It is undeniably dissappointing not to make the numbers and hopefully next years target will be made and in the bank well before year end to avoid last minute problems.I have told Jarlath that he has my full support and I am happy with the continuing substantial progress across all parts of the business. I stand by my post of 29/12/2006 and feel underlying figures point to a very profitable and exciting 2007.
Regards
SP

[edjodav] 03/1/2007 08:55

should see a rise today good set of results and going to get stonger

[cocker] 03/1/2007 08:19

At the end of the day George mds failed to make the numbers yet again. Whether or not it is due to a slippage or for any other reason. The market has again seen expected numbers missed. I agree the outlook seems to be more rosy than ever but, the market looks forward & lets be fair, who can trust their track record.

[gac141] 03/1/2007 07:58

The share price should be rising not falling.

All parts of the business doing well and the biggest profit in Mondas history! I am more interested in the way that Blue Curve continues to exceed expectations and winning more business in the US!!!!!!!!!

My expectations are the same as before.

Look at recurring revenue also at 2.8 Million! Mondas is well on the way to meeting our expectations

[steve_wilson] 03/1/2007 07:50

A technicality only and one redressed within a week or so. Aggregate the same.

What I do see is a business that is increasingly profitable and cash flow positive.

SJW

[andy man] 03/1/2007 07:44

This update announcement is very good news with the exception of the slight shortfall. However this will be covered very soon and the 300k will go on top of 2007 original numbers.

Mondas has transitioned, forging a range of products that are now fully marketable. CAPS is already installed and proven in many very prestigious clients. Much development with existing CAPS means it could have a very big year. Blue Curve is showing it has potential to be very exciting.

Cheers
Andy

[viney1] 03/1/2007 07:35

Basically they made the numbers bar a minor hiccough. Mondas now have a strong business base to move forward.

[gac141] 03/1/2007 07:22

Missed only due to one renewal not being signed on time otherwise it would have been made- Should concentrate on the the huge turnaround and the new higher budget expectation for 2007.

Blue Curve and CAPS are building momentum- I still expect 2007 to be the best year ever for Mondas..... As indeed 2006 was!

George

[amt] 03/1/2007 07:15

Missed targets yet again, slightly dissapointing but probably already in the share price The outlook doesnt look to bad so assuming 1.5 milliom profit for 2007 would give fair value of say 40p


Mondas Contracts, Trading Update


RNS Number:8892O
Mondas PLC
03 January 2007


Mondas plc ("Mondas" or the "Company")

Announcement of Contracts and Trading Update for the year ended 31 December 2006


Contracts


Mondas is pleased to announce significant contracts to extend the use of Blue
Curve with its major clients and a new customer in the US.


ING and Vontobel have extended their licence terms and Evolution Securities has
both extended its licence and added further users, resulting in significant
revenues for the year. At the end of the year Mondas secured a second US client
for its Blue Curve product. The client is a West Coast based investment bank and
will use Blue Curve to automate the creation and distribution of its research.


Trading Update


Mondas has made strong progress during the year, achieving record revenues and
profits. The Blue Curve division has had a particularly successful year and has
more than doubled its revenues compared to 2005. Significant licence revenues
have been derived both from existing customers, and from new clients added
during the year.


The Company expects to produce annual operating profits before taxation,
acquisition integration costs and amortisation charges of approximately #400,000
on revenues of approximately #6.3 million which is a turnaround of just under
#1.2million from the #770,000 loss incurred in the previous year. This is less
than market expectations, due entirely to the slippage of a large licence
extension agreement from an existing customer for its Mondas corporate actions
processing system, Radica CAPS. This slippage arose from a procurement delay and
it is expected that this licence extension agreement will be signed shortly,
significantly augmenting the first half of 2007 and the year as a whole.
Consequently, the directors' aggregate profits expectations for 2006 and 2007
remain unchanged.


The Company expects to report that all business units were profitable. The
addition of 26 new clients has substantially increased and broadened Mondas'
customer base, particularly in the Financial Markets division. Contracted
support revenues for 2007 have increased by 47 per cent to #2.8 million.
Finally, the Company has substantially improved its working capital position and
operating cashflow is positive, putting it in an excellent position to take
advantage of the momentum built during the year and the opportunities that have
been created across all its business units


The Company will report its preliminary results for the year ended 31 December
2006, in March 2007.


3 January 2007


ENQUIRIES:

Mondas PLC Tel: [phone]

Jarlath McGee , CEO

Ian Selby, FD

John East and Partners Tel: [phone]

John East

Virginia Bull

College Hill Tel: [phone]

Matthew Smallwood


This information is provided by RNS
The company news service from the London Stock Exchange
END

CNTQXLBBDFBZBBQ

[viney1] 02/1/2007 08:57

2007 should bring a new face to Mondas.

Very confidant that Mondas is going from strength to strength. Look out for a strong start to 2007 and reassurance for all shareholders. Positioned and could be one of the "multi baggers" this year.

[blummers] 30/12/2006 00:14

George & spurious.

Thanks for your posts and like both of you I am hopeful that 2007 will be the year Mondas finally comes to the party. I have managed to retain my faith in this company, despite it being the poorest performer in my meagre portfolio for a long while. I would like to wish both of you and all other regular posters a healthy and prosperous 2007.

[spurious] 29/12/2006 23:52

Hi all
Just to share some thoughts
I like George am confident in the future and have also added to my holding now just under 4%. I spoke to Jarlath and Ian today and offered my congrats on the progress they have made as a co this year, although as we are all only too aware, not represented in the share price. They and I are confident this will change in the new year, and I feel we can look forward to a very busy January, with a strong and effective PR, maximising good news flow and hopefully translating into an equally strong and representative share price.They are fully focused on delivering shareholder value and I know Jarlath is genuinely excited by the prospects for the coming year
I reminded myself why Mondas should have such an exciting future and perhaps the quality of the company prospects is reflected by the companies they do business with currently. Blue Curves customers such as Barclays, Gartmore, ING, Nomura, Cazenove, Royal Bank of Scotland, to borrow but a few from those listed on their web site, must offer great cross selling opportunities for Caps.
I am also reminded of Rambutans post 2084 re the times online article referring to project turquoise where 7 investment banks, representing 50% of the trade on the LSE, unveiled plans to form their own exchange.
Interesting on its own, I became quite excited when reading who they were.Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Merrill Lynch, Morgan Stanley, and UBS. To form such a strategic alliance, these Banks must enjoy a close working relationship and one would assume are open, and eager, to pass on best practice to one another
One name stands out Credit Suisse
As perhaps Mondas largest client, instrumental in providing invaluable input into developing Caps into the world leading product it is today, I would find it incomprehensible if the other 6 members had not asked Credit Suisse for an oppinion re performance, or been in direct discussion with Mondas, when they have a unique and successful working model with global capability on show.
I feel sure it can only be a short matter of time before we see further global caps orders emerging
I am also excited by the emerging American presense of Blue Curve and what I believe will be another great year for Mark Robertson globally. Every success for Mark represents a cross selling opportunity for Caps. Bernard Snowe has continued his success with Resource with 100% profit increase in the first 6 months of this year and continues to go from strength to strength. We now have 3 profitable businesses, with 2 capable of explosive growth on a world scale and a growing recurring revenue stream which is already covering a large proportion of costs. Surely it will not be long before we see a widening institutional base on the back of confirmed profit levels, and an increasing global order book.
A great new year to all
Best Wishes
SP

[gac141] 29/12/2006 22:07

My buy 20k. I think MM's are playing a game to gather stock but hey what do I know. Have a good one,

[napoleon 14th] 29/12/2006 16:52

And seasons greetings to all those stuck on the good ship Mondas....

We want our ££££s back!

"Should happen this time"...(Wanders off in the dark, whistling.....)

[mollymolly] 29/12/2006 11:11

Current share price decline is crazy.

I'm expecting good news soon, with numbers made.

[rambutan2] 29/12/2006 01:01

y/e today!

2007 should see the great progress in 06 more fairly reflected in the share price. please.

seasons greeting to all who bravely sail on the good ship mondas.

[gac141] 28/12/2006 17:34

P1

Online is normally buy 50k sell between 5-15k. Sometimes sell moves up to 20k but rarely 37.5k and hardly ever 60k. Back in Feb/March the price was very low and the equivalent happened. If the same repeats itself expect mid 20's some time in Jan.

I echo mollymolly words and am very confident that 2007 will be a much-changed year. I personally have a target for the share price of 40p plus for next year. This is based on a continued profitability from the company. I expect to see further green shoots from Caps and sustained growth from Blue Curve. If this happens my target is very achievable. I have bought more shares recently.

George

Happy new year to all and hope you had a good christmas!

[mollymolly] 28/12/2006 13:29

I have no idea about today, but am confident of a decent rise in January.

A prosperous new year to everyone

[cocker] 28/12/2006 13:04

What makes you think that SP?

[spurious] 28/12/2006 12:11

the mms want your stock so dont be fooled by an apparent weak share price. Could be an interesting day
Hope you all had a great christmas
Best wishes
SP