Milestone Group Share Discussion Threads

[5dally] 21/12/2011 11:21

Very nice move up as people read the latest media coverage :-)

[stephanie_m] 21/12/2011 09:38

Now up 13.8%

s

[stephanie_m] 21/12/2011 08:28

Three very small trades on opening. First time there has been more than three trades in a day for over one year.

Current price .65p /.95p
s

[stephanie_m] 21/11/2011 20:52

Monday 21 November, 2011


Milestone Group PLC

Milestone Group PLC : Directorate change





MILESTONE GROUP PLC

Directorate Change

Milestone Group plc, the AIM quoted (AIM: MSG) provider of digital media and technology solutions, announces the resignation on 21 November 2011 of Mr. Anthony Moss from the Board as a Non-Executive Director, to concentrate his efforts on his other business interests.

The Board wishes him every success in the future.

For further information:







Milestone Group PLC




Deborah White, Chief Executive

Tel: 020 7929 7826







Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray / Avi Robinson

Tel: 020 7148 7900







Hybridan LLP, Broker
Claire Louise Noyce

Tel: 020 7947 4350



College Hill, PR
Jamie Ramsay

Tel: 020 7457 2020

[stephanie_m] 16/8/2011 16:23

Directorate change
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TIDMMSG

Milestone Group PLC ("Milestone" or the "Company"), the AIM quoted (AIM:MSG)
provider of digital media and technology solutions, is pleased to announce the
appointment of David Hill to the Board as a Non-Executive Director.

After graduating from the University of Birmingham with a Bachelor of Commerce
in Accounting & Finance, David joined Price Waterhouse principally in the
Corporate Recovery team before changing direction and moving to the City.

Since then he has spent over 15 years in Investment Banking with Nomura and
Deutsche Bank before moving into Asset Management where he was most recently the
Fixed Income COO for Aberdeen Asset Management ("AAM"). David was a member of
AAM's risk management committee, a fiduciary company director of various AAM
subsidiary entities and was registered and regulated by the FSA.

David John Hill, age 39, has held the following directorships:

+---------+-------------------------------------------------------+
| Current | Over past five years |
| | |
+---------+-------------------------------------------------------+
| None | Aberdeen Asset Managers Limited |
+---------+-------------------------------------------------------+
| | Aberdeen Fund Management Limited |
+---------+-------------------------------------------------------+
| | Aberdeen Asset Management Investment Services Limited |
+---------+-------------------------------------------------------+
| | Quaest Limited |
+---------+-------------------------------------------------------+
| | Igamol Limited |
+---------+-------------------------------------------------------+

Save as set out in this announcement, there are no other disclosures in respect
of this appointment that fall to be made under Rule 17 or paragraph (g) of
Schedule 2 to the AIM Rules for Companies.

Mr Hill has an interest over 1,000,000 shares in the Company representing
approximately 0.35 per cent. of the Company's issued share capital and warrants
to subscribe for a further 1,000,000 shares details of the terms of such
warrants are set out in the announcement released earlier today.

Deborah White, Chief Executive Officer, said:

"I am delighted to welcome David to the Board of Milestone. He brings a strong
set of skills for developing and executing strategy to achieve the successful
delivery of our objectives. We are looking forward to working together to take
Milestone forward into an exciting new stage of its development."


For further information:

Milestone Group PLC

Deborah White, Chief Executive Tel: [phone]

[stephanie_m] 11/8/2011 08:06

Milestone Group PLC Acquisition of FEDS and LIMIT & Issue of Equity
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TIDMMSG

MILESTONE GROUP PLC

Acquisition of FEDS and LIMIT & Issue of Equity


Milestone Group PLC ("Milestone" or the "Company"), the AIM quoted (AIM:MSG)
provider of digital media and technology solutions, is pleased to announce the
acquisition of the Facilitated Electronic Data System ("FEDS") and the Live
Incident Management Interactive Trainer ("LIMIT") from BGP Global Services Ltd
("BGP") for a consideration of GBP65,000 to be satisfied by the issue of new
ordinary shares in the Company.

FEDS is an innovative and bespoke web application that can currently be run on
portable networked computer systems. On 8 April 2011, Milestone announced that
BGP had issued an exclusive perpetual licence of FEDS to its wholly owned
subsidiary, OnSide Now Limited, for the use in the UK community sports sector.
The transfer of ownership of FEDS to Milestone completes this transaction and
allows Milestone to apply the system in other sectors.

LIMIT is an immersive training platform for use within crisis management and
other training media. The platform assesses an organisation's policy and
procedures with regards to incident management to test the response to a crisis
or other potentially disruptive incidents. It is a fully interactive platform
that during a simulated exercise will give various decisions determining the
progress and next scenario. Each scenario is tailor made to meet the needs and
objectives of the organisation.

The two directors of BGP, Wilf Pickles and Alan Cammidge, will be working with
Milestone to convert the product's existing pipeline business and to develop
these products independently. Revenue in excess of GBP150,000 has already been
generated via the sale of these two products and proofs of concepts have been
completed within law enforcement, government, local authority, sports
organisations and the corporate sectors.

Milestone will use its proprietary cross-platform mobile software and mobile
technology expertise to further enhance the capability of FEDS and LIMIT,
thereby increasing the potential market of these products.
Prior to moving to the private sector, Wilf Pickles was a successful manager
within the UK's largest policing organisation. He has over 30 years' experience
in matters pertaining to law enforcement, crime prevention, community safety,
corruption and risk management in a diverse, dynamic and challenging
environment.
Alan Cammidge is a former Scotland Yard detective, who was involved in many
national and international investigations during 30 years' distinguished
service. Alan is currently engaged in capacity building projects in Africa,
Europe and the Caribbean and has expertise in areas such as prevention of
serious and organised crime, corruption investigations and counter terrorism.
The GBP65,000 consideration for the acquisition of FEDS and LIMIT will be
satisfied by the issue of new ordinary shares in the Company. The Company has
therefore issued 6,500,000 new ordinary shares of 0.1 pence each in the capital
of the Company ("Ordinary Shares") with an issue price of 1 penny per Ordinary
Share to BGP. Following admission, BGP will hold, in aggregate, 15,590,909
Ordinary Shares, representing approximately 6.34 per cent. of the enlarged
issued share capital.

Deborah White, Chief Executive Officer of Milestone, said:
"We are delighted to announce the Company's acquisition of FEDS and LIMIT. This
transaction brings the software used for projects such as OnSide in house and
allows Milestone to continue to develop new products in other markets. The
Company plans to enhance the existing web platform capabilities using
Milestone's mobile technology capabilities."

Wilf Pickles, Director of BGP, said:

"Milestone has demonstrated its commitment to Onside by the development of its
mobile platform. BGP are satisfied that Milestones capabilities can further
enhance the FEDS software, and bring to market a range of solutions
incorporating extended mobile-based application technology."


Issue of Equity

As detailed above, the Company has issued 6,500,000 Ordinary Shares at a price
of 1 penny per Ordinary Share to BGP. Application has been made for the
6,500,000 new Ordinary Shares to be admitted to trading on AIM, which is
expected to occur on or around 8 August 2011. The new Ordinary Shares will rank
pari passu in all respects with the existing Ordinary Shares of the Company.


For further information:

Milestone Group PLC

Deborah White, Chief Executive Tel: [phone]



Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray / Avi Robinson Tel: [phone]



Hybridan LLP, Broker
Claire Louise Noyce Tel: [phone]


College Hill, PR
Jamie Ramsay Tel: [phone]

[warmmilkybiscuitinvesting] 29/5/2011 10:48

this looks dead o/t LEG

[stephanie_m] 26/4/2011 19:04

Brett Desmond disposes of his 6.4% stake in Milestone @ 1.13p per share (The original purchase price).Best offer price in the market was .45p.Who purchased the shares. He did not stay long on the share register. Not surprised bearing in mind the current shape of the company. Surprised he invested in the first place. Got out without a loss. Not surprised if there were more legal implications here.



s

[stephanie_m] 15/4/2011 07:45

Legal claim & Update on Working Capital
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TIDMMSG

MILESTONE GROUP PLC

"Milestone" or the "Company"

Legal claim and Update on Working Capital

Legal claim

AIM quoted Milestone Group PLC (AIM:MSG), the digital solutions provider,
announces that it is in receipt of a legal claim from Mr Cormac Crawford, a
shareholder in the Company (the "Claim"). The Claim follows certain allegations
made by Mr Crawford against the Company and the Directors as announced on 28
February 2011.

The Claim is in relation to the issue of ordinary shares of 0.1 pence each in
the capital of the Company ("Ordinary Shares") to Ms Deborah White and Mr Guy
van Zwanenberg as announced on 20 December 2010. The Claim alleges, inter alia,
that the Board's resolution to allot and issue such Ordinary Shares was not made
in good faith and, whilst each of the allegations contained in the Claim are
being brought against the individual Directors, the Company is also a named
defendant.

As previously announced on 28 February 2011 and as addressed in the Chairman's
statement of the Financial Statement for the year ended 30 September 2010, the
Board was of the opinion that the allegations made at that time were without any
merit and would be vigorously defended. The Board continues to be of the
opinion that the Claim is without any merit and will be vigorously defending the
Claim.

Update on Working Capital

As at 12 April 2011, the Company had net cash of GBP47,468 following the receipt
of a three month short term loan of GBP17,000. In addition, the Company also has
a committed three month short term loan of GBP35,000, which it will draw down as
required. Additionally, the Directors are also confident that the Company will,
towards the end of this month, receive a VAT rebate of approximately GBP30,000
from HMRC. Following receipt of the loans and on the basis of receipt of the
VAT rebate, the Directors believe that they will have adequate funds for at
least the next six weeks, on the basis that the Company continues to be able to
manage the timing of settlement of its current liabilities. However, in the
event that the costs associated with defending the Claim are over and above the
Directors current expectations, the Company's cash position may be adversely
impacted.

As such, as previously announced, the Company continues to be reliant on its
ability to raise further funds in the immediate to short term. The Company can
confirm that it is in discussions with a number of interested parties with
regard to the provision of funding. However, should the Company be unsuccessful
in raising further funds, this will have a material adverse effect on the
Company's financial position and operations. In the event that such activities
are not successful the Company will not be able to continue trading in its
current form. There can be no guarantee that such funding will be available, or
on terms acceptable to the Company.

Further announcements will be made in due course as appropriate.


FOR FURTHER INFORMATION:


Milestone Group PLC Today: 020 7457 2020
Deborah White, Chief Executive Thereafter: 020 7929 7826



Strand Hanson Ltd, NOMAD
Richard Tulloch / David Altberg Tel: [phone]



Hybridan LLP, Broker Today: 020 7457 2020
Claire Louise Noyce Thereafter: 020 7947 4350



College Hill, PR
Jamie Ramsay Tel: [phone]

[stephanie_m] 15/4/2011 07:42

Media



Milestone Group to face AGM challenge

Milestone, the AIM-listed media group, is facing a shareholder revolt and the threat of legal action after it granted directors hundreds of thousands of pounds in shares.


The dispute is likely to put further pressure on the London Stock Exchange, its stewardship of the AIM market and its ability to protect small shareholders. Photo: AFP

The awards came despite the company registering a turnover of just £56,752 last year.

Irish financier Cormac Crawford, one of the company's largest shareholders, is preparing legal action against what he described as payments that would not go on in a "banana republic". He said he was also making a formal complaint to the London Stock Exchange.

The dispute is likely to put further pressure on the London Stock Exchange, its stewardship of the AIM market and its ability to protect small shareholders.


Last year Milestone raised nearly £500,000 from Mr Crawford and an associate of his. Shortly afterwards the company awarded chief executive Deborah White shares to the value of £295,000. Finance director Guy van Zwanenberg was awarded shares worth £25,000.


An announcement in December stated the award was for "accrued but unpaid remuneration". However the company's annual report published this month stated £213,333 of the payment was a "discretionary award" recognising her "extreme efforts and dedication".


The Daily Telegraph understands Ms White's position as executive director of Milestone had been part time.

According to the company's annual report Ms White's salary has risen from £34,750 in 2009 to £150,852 in 2010. Her £213,333 discretionary award came on top of her basic salary.

The award of the shares was cleared by Milestone's third board member and sole non-exec Anthony Moss.

Mr Moss is due to be re-elected to the board at the AGM on Monday, something Mr Crawford said he would be opposing.

At the AGM the company is also asking shareholders for permission to issue shares to a nominal value of £166,666.

Mr Crawford currently owns just under 10pc of the company. However The Daily Telegraph understands he has proxies to vote for roughly 20pc of the company's shares.

The directors' share grants were also cleared by the company's nominated advisor Strand Hanson. The broker was granted shares worth £5000 at the same time as the directors were given their awards. Under AIM rules nominated advisors are allowed to be paid with shares.

Mr Crawford said: "How can a nomad independently police companies if they are being paid in shares? This sort of thing would not go on in a banana republic.

"I plan to raise the matter with the London Stock Exchange. Shareholders in this company have been diluted by 20pc as a result on these share grants."

Last year Milestone made a loss of £1.2m on turnover of £56,752. Neither Ms White or Strand Hanson returned calls on Friday.

[apeters1] 24/3/2011 14:38

I've been looking at all Milestone's announcements ahead of its AGM this coming Monday (28th March) and I don't think the directors have been honest with shareholders. Deborah White and Guy Van Zwanenberg issued themselves shares in November for the extra work they'd done in previous years. However, the audited financial statements for the Company for the year ended 30 September 2009 stated that Ms White was paid £34,750 in that financial year and there is no reference to any accrued liability of the Company to Ms White in respect of any work carried out by her in excess of her original agreement. Moreover, the interim results for the Company for the year ended 31 March 2010 made no reference to any outstanding liabilities to Ms White or Mr Van Zwanenberg in respect of work carried out for the Company. Both sets of accounts were signed by Ms White. If someone else can explain this, then please do.

[maytrees] 10/7/2010 16:33

Oil spill RNS even made the Mail a day or two later:

"Milestone, the AIM-listed digital solutions agency, edged up 0.1p to 1.7p on further consideration of the recent award of a contract with UK company Ultra Green Oil Recovery."

[maytrees] 06/7/2010 15:21

BP oil spill contract RNS - silver lining for MSG in a very dark cloud for
BP.

[mister md] 25/4/2010 17:22

not being negative, just unsure about smallcaps this time round. have done extremely well investing in midcaps and largecaps since the bottom in march09. Smallcaps are always a gamble, but good luck to holders here.

Financial summary

The Group made a loss for the year of GBP0.39m, a dramatic improvement
over 2008 (2008: loss of GBP0.80m), and has reduced the balance sheet
net liabilities to GBP0.41m (2008: GBP0.51m)

[afrorich] 23/4/2010 09:39

Mister MD either give your reasons or go somewhere else with your pathetic negativity

[afrorich] 23/4/2010 09:38

Milestone Group (MSG 1.425p / £1.48m)*

Over the Easter period, AIM listed digital media and technology solutions Company, had several announcements.
Milestone announced (April 7th) the appointment of Mark Hargreaves to the Board as a Non-Executive Director. Mark Hargreaves was previously Head of IT at Manchester United and General Manager of Manchester United Interactive Limited. During Mark's 12 year tenure with Manchester United, he ran www.manutd.com one of the world's most successful websites, and worked with major brands and support-service companies to deliver content and e-commerce solutions. Mark is currently Chief Operating Officer of Knowledge MGI (a UK-based management consultancy providing interactive marketing and implementation advice to global brands within the sports, entertainment and media sectors) and Ve Interactive Limited.

Mark is responsible for Ve Interactive's launch of its VeCapture technology, a patented re-commerce software tool, effective in securing additional shopping cart conversions from aborted online transactions. Milestone has a global agreement to sell Ve Interactive's CEM (Customer Experience Management) Solutions product which includes the Ve Capture technology. It is clear from the hiring of Mark that he will be driving the Ve Interactive product line forward to maximise revenue.

Milestone also continued to strengthen its balance sheet, to give itself some financial firepower and tidy up its creditor situation. It announced (April 1st) a small placing at 2.75 pence per share, raising £10,000 and the day before (March 31st) it entered into a convertible loan agreement of £150,000 for twelve months to provide additional working capital. Milestone also agreed (April 1st) to issue shares at a price of 1.8 pence per share to certain creditors in lieu of £6,555 payable in respect of services provided to the Company and again, a separate announcement the day before that on 31 March 2010 it had agreed to issue shares at a price of 1.5 pence per share for the conversion of certain outstanding loans together with associated accrued interest amounting to £37,385.

The Company has a clear strategy of actively growing a portfolio of controlling and non-controlling stakes in digital technology (one of which is Ve Interactive), content or service companies. MSG is now firmly focused on generating revenue to help support the business expansion and we believe that this stock is also well worth a look now that the turnaround is complete, that there are three focused business units and that we expect to see perhaps further deals for interesting technology going forwards.

[maytrees] 23/3/2010 13:12

Added a few at 1.44p - what few trades there are mine apart seem
comparatively large - and today's 1m+ seems to be a buy as did
as I recollect the recent 750,000.

DYOR as mister md might be correct though he gives no reasons.