Minorplanet Systems Share Discussion Threads

[cliley454] 25/9/2009 08:33

MPS
Price: 28p
Market cap £1.8m
Judging from the chart one would think that the chance of picking up a MPS bargain had passed, but with a little research the truth is revealed. In fact they completed a 1 for 20 share consolidation at the start of September, which means today's share price of just 26.5p equates to around 1.3p in old money. Along with the consolidation came a fund raising at 1.5p (30p) which raised around £1.8m cash. Prior to announcing the fund raising MPS looked down and out and with the threat of administration or delisting were priced accordingly at 3p (60p). Their problems also included litigation against MPS of EUR1.2m, which has recently been resolved.
They now have the necessary funds to take the business through and out of the recession but the share price has more than halved since? Crazy!

Lets look at the business. Firstly they are safe now from the receivers and delisting isn't an option with all of the newly issued stock. They have realigned strategy to focus more on the larger corporate market and licensing of their software to other hardware providers. This is a massive company with over 270 employees and an expected turnover of £20m this year. Last years results showed a profit of £1.5m and a return to anywhere near this would make these a 10 bagger. Here's the company website for further research.
Interestingly their nearest competitor, CYH is valued at over £10m.

Short term price target: 90p
12 month target: £3.00p

[encarter] 24/9/2009 22:56

Guys
Philanthropist Good Idea 4 - Ponder for what reason someone would spend their time constantly posting negative comments about a stock they do not own?

I've seen it many times before, then they suddenly disappear when the share price rockets. Strange?

[pedr01] 24/9/2009 15:04

To be fair,if you are of the view that they will survive, then a price to sales of 0.08 is actually very good value and you buy a lot of sales for your money.

Once the upturn comes and those sales translate to earnings ...

Having said that, I think I read on another thread that over time they have converted a £100,000 holding into something like 20p ??? Wouldn't be surprised if that £99,999.80 went into salary and bonuses over the years, along with a few pennies worth of divi.

Hahahaha ....

[tom306] 24/9/2009 13:26

encarter

"Liabilities are out-goings, they are covered by income, even if they are still making a loss"

If this typifies the quality of your own research then I have Good Idea 3 - In doing your own research, ignore all information which makes no sense.

[encarter] 24/9/2009 10:35

Guys
Philanthropist Good Idea 2 - why don't you ignore the rampers and de-rampers and Do Your Own Research. :~0

[tom306] 24/9/2009 09:12

Guys
Philanthropist Good Idea 1 - why don't you all buy shares so cliley can recoup some of his losses. :-)

[cliley454] 24/9/2009 08:30

MPS
Price: 27.5p
Market cap £1.8m
Judging from the chart one would think that the chance of picking up a MPS bargain had passed, but with a little research the truth is revealed. In fact they completed a 1 for 20 share consolidation at the start of September, which means today's share price of just 26.5p equates to around 1.3p in old money. Along with the consolidation came a fund raising at 1.5p (30p) which raised around £1.8m cash. Prior to announcing the fund raising MPS looked down and out and with the threat of administration or delisting were priced accordingly at 3p (60p). Their problems also included litigation against MPS of EUR1.2m, which has recently been resolved.
They now have the necessary funds to take the business through and out of the recession but the share price has more than halved since? Crazy!

Lets look at the business. Firstly they are safe now from the receivers and delisting isn't an option with all of the newly issued stock. They have realigned strategy to focus more on the larger corporate market and licensing of their software to other hardware providers. This is a massive company with over 270 employees and an expected turnover of £20m this year. Last years results showed a profit of £1.5m and a return to anywhere near this would make these a 10 bagger. Here's the company website for further research.
Interestingly their nearest competitor, CYH is valued at over £10m.

Short term price target: 90p
12 month target: £3.00p

[pedr01] 23/9/2009 21:00

Hahahaha ... give it to him gently why don't you TOM !

[tom306] 23/9/2009 20:17

"Liabilities are out-goings, they are covered by income, even if they are still making a loss"

What utter rubbish!

[ghtt] 23/9/2009 09:07

They had run up HMRC debts due to already posted losses, this is not new information or new debt, but old news.

They posted a 'material uncertainty' as at that stage the fund-raising hadn't happened and quite rightly they have to declare it to protect themselves as Directors.

The overdraft was re-negotiated into a loan, it was in the Press Release post fund-raising.

[andre] 23/9/2009 07:54

encarter/cliley454,

Didn't MPS recently do a deal with HM Revenue & Customs? I have only ever seen that before when a company cannot pay their taxes. Not exactly inspiring. I might be wrong. Maybe that was someone else.

They did post a 'material uncertainty' in their ability to continue as a going concern in accounts though.

Also, their overdraft needs to be renegotiated in February 2010. Not long now.

[encarter] 22/9/2009 23:03

Liabilities are out-goings, they are covered by income, even if they are still making a loss. Which we don't know for sure. The share price will continue to rise imho.

[tom306] 22/9/2009 13:15

"Maybe because the Directors would far rather have shares at this price than cash"

May be but it does not take much working out that they just don't have enough cash to settle all the liabilities. Don't take my word for it, just look at their balance sheet. As at end February 2009, net current liabilities were £4.7m - far less than was raised and they are still making losses!

[encarter] 22/9/2009 11:56

I agree that they are now better placed than before the fund raising but the share price is still only half of what it was. A bit odd?

[encarter] 22/9/2009 11:52

It's not the same, he/she updated the price.

[quartix2] 22/9/2009 11:46

Cliley why have you re-posted the same "Ramp" as you did on the 19th?

[red imp] 22/9/2009 10:04

If that was the case they could have had them even cheaper if they had bought on the open market.

[ghtt] 22/9/2009 09:32

Maybe because the Directors would far rather have shares at this price than cash!

They subscribed to a lot of the placing shares.

[red imp] 22/9/2009 09:08

cliley - If they have the necessary funds to see them through the recession why did they have to issue shares today in order to pay day-to-day bills?

[cliley454] 22/9/2009 08:22

MPS
Price: 27p
Market cap £1.7m
Judging from the chart one would think that the chance of picking up a MPS bargain had passed, but with a little research the truth is revealed. In fact they completed a 1 for 20 share consolidation at the start of September, which means today's share price of just 26.5p equates to around 1.3p in old money. Along with the consolidation came a fund raising at 1.5p (30p) which raised around £1.8m cash. Prior to announcing the fund raising MPS looked down and out and with the threat of administration or delisting were priced accordingly at 3p (60p). Their problems also included litigation against MPS of EUR1.2m, which has recently been resolved.
They now have the necessary funds to take the business through and out of the recession but the share price has more than halved since? Crazy!

Lets look at the business. Firstly they are safe now from the receivers and delisting isn't an option with all of the newly issued stock. They have realigned strategy to focus more on the larger corporate market and licensing of their software to other hardware providers. This is a massive company with over 270 employees and an expected turnover of £20m this year. Last years results showed a profit of £1.5m and a return to anywhere near this would make these a 10 bagger. Here's the company website for further research.
Interestingly their nearest competitor, CYH is valued at over £10m.

Short term price target: 90p
12 month target: £3.00p

[andre] 21/9/2009 20:37

martin44 - 20 Sep'09 - 22:25 - 945 of 946

Let's look forward to a more positive week for MPS......


A more RAMPant one anyway.

[quartix2] 21/9/2009 09:53

martin44 You obviously know something about what is going on as you have eluded to it before!

[martin44] 20/9/2009 22:25

Let's look forward to a more positive week for MPS......

[encarter] 20/9/2009 21:33

Didn't they post a profit last year?

[andre] 19/9/2009 20:20

Just to correct you cliley454, MPS have done little other than raise and spend shareholders money for many years. Almost NEVER posting a profit since the mid-nineties. They have gone through more reinventions than Dr. Who and still are asking private investors for money in what is now a totally crowded market. Had these funds not been available time and again then they would have gone under many years ago.

The threat of administration is still there. They lost £2.5M in their last posted results yet just raised £1.45M BEFORE EXPENSES!!! Less than 1M shares were taken up in the open offer. 6M were available but not issued. They still have major credit issues (with lenders essentially closing their books to tracking companies) and not enough to self-finance the loans. The whole market is changing and they appear to be a rabbit hypnotised by the headlights IMHO.

CYH might also pay their directors too much in many peoples opinion. But the comparison stops there.