Minorplanet Systems Share Discussion Threads

[watchout2] 31/5/2010 21:33

Hecterp12.

Agree that the stock is very illiquid so anybody buying or selling more than
say 15k will be liable to premiums and discounts.
I dont see the "worthless" argument, if you are looking at Minorplanet itself
then indeed it's a dog of a company that has been nothing short of a disaster
for as long as i remember, but you have another company that is willing to pay 3 mil for a 30% stake, well that's the way i see it because there is no way on
current trading Minorplanet will be paying that back in a hurry unles there is
a miraculous recovery in trading.
This is the punt, Digicore seem to want a piece of Minorplanet and seem happy
to pay many more times the market cap to buy a possible 30% stake, they themselves seem to be a thriving business in the same sector so they seem to be
keen to maybe help turn Minorplanet around or use them for maybe other reasons as a listing or maybe a reverse takeover given Minorplanets many millions of
racked up tax losses.
Not for widows and orphans, high risk, keep stakes small, a little gamble etc etc dyor.

Also somebody missed this from results (encarter)


From results.

"I am pleased to report that another claim for GBP8m, also relating to the former
Spanish subsidiary, was finally dismissed by the courts during the period"

[hecterp12] 31/5/2010 13:59

I would say this is a pump and dump given the shear amount of threads i've been reading this weekend and seen a certain poster mentioning this as 'off topic'. This isn't to say you won't make money on the pump but just don't get left holding the baby because:

a) they're probably worthless
and
b) the marketmakers won't take the stock back off you.

[encarter] 31/5/2010 09:51

on the up, i can find no reference to the £8m loss avoided.

The phrase 'pump and dump' is often used by posters to put off investors. This could be for a number of reason, but never out of the kindness of their heart.
I saw these highlighted on another thread, it was up to me to look at the info and make a decision to invest. Some confuse pump and dump with buying and then selling for a quick profit, as i expect to do.

At £500k they are priced to go bust, but the latest info states that they have at least another 6 months at which time it looks possible that they will be taken over. 12p a share seems a reasonable price imho.

[watchout2] 29/5/2010 14:57

Last results, turnover 576 million Rand, Operating profits 113 mil.



link to read.

[watchout2] 29/5/2010 14:52

Spending some time on the Digicore website, makes interesting reading and what a result for Mps, they would be bonkers to pay them back, let them take the 30% stake which of course looks to certain to happen given Mps's history and
current trading.

"Fleet management and vehicle tracking group DigiCore Holdings on Tuesday announced its acquisition a 25 percent shareholding in MPS 2010, a newly formed subsidiary of Minorplanet System, an AIM provider of fleet management systems and services in the UK.

MPS 2010 recently acquired Minorplanet's UK business, certain assets from Minorplanet's UK subsidiary and all of its Intellectual Property Rights.

DigiCore, through its wholly owned subsidiary in the Netherlands DigiCore International Holdings BV, holds the 25 percent interest in MPS 2010.

MPS 2010 has been funded by a shareholders loan of £3 million from DigiCore International Holdings BV, which includes £0.3 million provided for initial working capital.


DigiCore's involvement in MPS 2010 is expected to bring wider commercial benefits to both businesses across all geographies, by combining the strengths of Minorplanet in the UK SME market, with its customer service and software competence, together with DigiCore's commercial presence and established position in the corporate market in the UK.

Chief executive of DigiCore, Nick Vlok said: "Minorplanet is a long established business within the telematics sector with considerable experience and expertise."

"We trust this is the start of a relationship that we can develop further for our mutual commercial benefit by taking advantage of growing demand for tracking solutions in the UK and mainland Europe." - I-Net Bridge"

[on the up] 28/5/2010 20:20

Andre #1049:

....then a raft of new 'opinion'. "It stinks of pump and dump".

Having looked at the last three months' posts (barely anything) I am classed as someone with an opinion I guess. Let me assure you that I am nothing to do with P&D. Have a look around a little more if you want.

I only asked a question hoping that someone was around these parts. I said I'd done (so far) minimal DD - why? Cos I'd seen this on the Top Thirty board beginning to move, looked at the results and spotted that particular statement. So, any takers on the £8m loss avoided?

I only have to see the header above - BIG recovery play - and the date.....2006........and pmsl when you go on about "the small investor has lost all". Why are you writing this and not trying to answer my valid question? Are you what you write about?

I just asked the original question having at least found the time to see MPS moving, ask myself the question why it's moving and then find a simple question to ask here in the first place.

So, anyone have any ideas? Has the £8m avoidance been RNS'd - and perhaps more importantly was the doubt over it RNS'd in the first place??

As to reversing in by Digicore & potential listing benefits: It probably costs £600k to get a listing on the LSE AIM so do the math. And did someone mention 12p a share? And 30% (not 29.99%).

All good stuff. Please don't put genuine guys and gals off who may be visiting for the first time ;->

Cheers all, OTU

[encarter] 28/5/2010 16:12

Great, an expert. What do they have that Digicore are willing to give £3m for?

[andre] 28/5/2010 16:00

Almost no posters for many weeks then a raft of new 'opinion'. It stinks of pump and dump. The slightest bit of research will show anyone the real state this company is in. A dinosaur in a flooded market with no advantages over hundreds of rivals - except the gullibility of small investors. Good luck to any new gamblers. You are going to need it IMHO. I have been monitoring this stock for almost 10 years, regularly. It has been a triumphant example of how fear and greed can be managed to create revenue for rapid cash burn. And the small investor has lost every single time including during large share dilutions. Again IMHO, of course.

You don't have to be certifiable to invest in this - but it will certainly help. IMHO.

[on the up] 28/5/2010 15:47

"I am pleased to report that another claim for £8m, also relating to the former Spanish subsidiary, was finally dismissed by the courts during the period

Has this been RNS'd before today anywhere - anyone? I can't see it having had a quick look......

TIA, OTU

[encarter] 28/5/2010 15:47

Also they had a placing last September at 30p a share.

[encarter] 28/5/2010 15:41

Still a 50% profit to be had at 8p if they only go to 12p. These were above 30p though a few months back after the 1 for 20 consolidation and they were in a much more unstable position then. No reason why they can't go back to at least there. Am i right in thinking Digicore have just put in £3m for just 25%? and the whole company is only valued at £600k?

[cliley454] 28/5/2010 14:52

"DigiCore's involvement provides both companies with the
potential to create a significantly larger telematics platform across Europe."

Looking like a takeover at 12p a share imho. Put a buy order in for some more.
Off to work now, exciting times.

[watchout2] 28/5/2010 14:43

Ravel.

They were always going to be abysmal results, it's a kitchen sink job.

They have a new backer now so it's more of looking to the future than
looking at the past.

"After an extremely difficult last eighteen months the involvement by DigiCore gives Minorplanet greater financial stability so we can better focus on the business. Some ongoing funding uncertainties remain. However, in DigiCore we have a strong partner, already well established in the larger corporate sector, and their involvement leaves us better positioned to take advantage of the market opportunities"

[ravel morrison] 28/5/2010 14:40

Rubbish results SELL

[cliley454] 28/5/2010 14:38

Results are out, nothing we didn't already know regarding figures. Let's see what they can do from here.

[watchout2] 28/5/2010 14:30

Lots of movement on no trades.

Still appears to be a shortage despite Kbc dropping back to 7.5p offer.

You can sell 75,000 at 6.8p or buy 5000 at 7.5p, look good to me.

[cliley454] 28/5/2010 14:20

Trades coming through now. MMs are obliged to make a market so with such a thin market as long as we have demand for stock the share price will rise. Digicore are putting £3m in and the market cap is still only £0.5m. They believe that they will pick up a bargain at 12p so the bid should rise to at least there imho. Depending on how things progress 30p a share is not unrealistic.

[induna123] 28/5/2010 13:12

Nice tick up. Can't see any trades though.

[watchout2] 28/5/2010 09:38

Seems to be a little stock, got another 5k which is online max but they
still offer the 5k after my purchase.

5.5p bid next to a possible 12p conversion price, i'll take the gamble.

[cliley454] 28/5/2010 07:56

Minorplanet MPS. Market cap £400k

In the history of stock market failures that are still clinging to life, MPS must take top prize by far. Now just 6p, they were around 300p five years ago and have had at least one consolidation that I can recall. That was a 1 for 20 which equates to a drop from £60 to 6p. £1000 invested 5 years ago would leave you with the princely sum of just £1.

So how have they managed to last so long? Well the business they have is quite good in every other aspect apart from financials. They have a highly valuable, cost saving
Product with some very interesting Intellectual Property Rights.

They have previously been profitable but with the current financial climate it looked as though they had finally reached the end of the road when they announced in April that the tax man was winding up their main subsidiary due to a £2m unpaid tax bill.

Then on Friday evening, after hours, so totally missed by the market, they announced a deal.

Whereby a newly formed subsidiary of Minorplanet had acquired out of administration the UK business and certain assets for a total of £3m. The money coming from DigiCore, an on the ball South African company. In the same line of business as MPS but on a much larger scale.


So after taking away all of the waffle, the deal is DigiCore loan MPS the £3m which MPS must pay back by November. If they can't pay it back (how could they?) then the loan is converted into MPS stock at 12p a share and DigiCore end up with at least 30% of MPS.

These are valued to go bust at just £400k.
However they now have funding for the immediate future.
The support of a larger player in their field, which will bring wider commercial benefits.
Also the mention of DigiCore ending up with more than 30% of MPS is significant I believe, as above 29.9% and they have to make an offer for the company. Reading between the line it looks like DigiCore are wanting to reverse into MPS for the UK listing,. Regardless MPS must have impressed to get DigiCore to hand over £3m and it values MPS at double todays share price at the very least.
All imho.

[induna123] 27/5/2010 14:40

I bought 10k the other day. You never know, something crazy could happen here.

[encarter] 27/5/2010 14:15

Not much stock around at all so a bit of good news and they could easily double. Clily454 can you repost that bit of research as a few new investors are arriving.

[watchout2] 27/5/2010 13:06

I've put £500 in this as a total gamble, if you like it David then there
is hope, just impossible to get size, had to buy via 3 x 2500 buys at 7p lol

[encarter] 27/5/2010 10:01

Thanks 6Kenny. So the price is about to shoot up then? As always DYOR, but an absolute bargain imho.