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TMA The Market Age

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Share Name Share Symbol Market Stock Type
The Market Age TMA London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% -
Open Price Low Price High Price Close Price Previous Close
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The Market Age TMA Dividends History

No dividends issued between 28 Apr 2014 and 28 Apr 2024

Top Dividend Posts

Top Posts
Posted at 15/6/2004 21:41 by capricorn_1
James 2 - Had a busy day since my last post, hence why I'm only posting now. The IC article on TMA from April had the heading "TMA nears profitability"....I guess I didn't read closely enough and assumed profitability was going to reported already up to y/e Feb '04. The current market that we are now in is quick to punish losses, hence why I bailed at the open. I am persuaded by TMA's business model, and will rejoin the party shortly. Like you say this is highly illiquid, and will quick rise back up and beyond on the annoucement of those much awaited big deals, IMO.
Posted at 15/6/2004 17:53 by james 2
Elsworth - LOL that one is good even by your standards. the funny thing about the report you have posted is that equities research is relatively new for TMA and as such no impact on current numbers or future anticipations.

So the fact they are even in talks for major supply contracts & expected to make an announcment in due course is enougth to send this stock upward viagra style.

Keep the analysis coming anyway the last time you updated at around 15p or so it went to mid 20's !

rgds & all the best

j2
Posted at 15/6/2004 13:08 by james 2
Lossman, info taken from results and is only my initial thoughts / notes so please take with a pinch of salt and disagree where necessary.

Following the Feb results TMA became EBITDA breakeven.
Admin expense run rate = 45k per month
Gross margin is 73% (so COS 27%)

So a simple forecast based on Feb contracts would mean the following forecast for this year - assuming all thing being equal.

Turnover 745k (by difference)
Cost of sales 200k (assuming 27% which is pessimistic !)
Admin expense 540k (using monthly run rate of 45k from results x 12)
Operating Profit 0k.

From results turnover grew 50% in the 2nd half versus 1st half (so H1 170k means H2 258k) assuming same growth gives £1,032 which maybe topside so the 745k above looks realistic.
I have assumed that the Cost of sales remains at 27% but this is very pessimistic, an example of why is in the results where you can read that Pronet can take on two additional clients/revenue before incurring additional cost.

Now to consider post Feb contracts & activities that have not been included in my calc above , all data taken from todays results :

FXCM Contract - currently being rolled out.

Bloomberg agreement - revenues expected in the 2nd quarter following the succesful rollout in April.

Tradesmith service being evaluated by Major banking group.

Independent financial markets research (IFMR), to quote the results :

"Current indications of our prospects in securing substantial contracts are
positive, however the success of this activity depends upon final selection of
the Group as a supplier. The Group expects to make a further announcement in due
course."

All simplistic and off the cuff, but given that TMA Mkt cap is only around £3.1 million on current mid it looks good value to me in the medium term all the more interesting that we can expect a further announcement in due course.

Would welcome your thoughts/research, all the above is imo and off the cuff + I hold so may be a little biased ;-)

rgds
j2
Posted at 20/4/2004 10:12 by james 2
The smiths trust provided the original funding and have been selling a small amount of their holding on large rises - good to see the money is swinging straight back to TMA.

The Gmail trademark claim may be a bonus, I note they have registered GMail under the companies name and paid the $700 fee, but the last trading statement was bullish Growth, EBITDA breakeven and its service on bloomberg went live

Also a buy note from an analyst at Corporate Synergy a week or so ago went un-noticed.

rgds
j2
Posted at 07/4/2004 16:34 by leewink7
thx for that james, well the way I look at it, I am now going to florida again later in the year, thx TMA
Posted at 07/4/2004 09:16 by james 2
Agree regarding the director sale. The only coverage I saw last night for TMA was on the streaming across the bottom of Bloomberg TV.
Posted at 07/4/2004 08:46 by dr agon
markycrispy

i was merely pointing out the fact that you were either short tma or looking to short by the manor of your posts yesterday.
i was not looking for a slanging match so i apoligise for any misunderstanding no harm meant.
i do think you need to change your bb name though mate if your to have any credibility at all.lol!

ill still stick with my +30% prediction today!

regards
Posted at 06/4/2004 11:18 by scrapheap
that was a burst and a half.... looking at the reported trades so far, its clear there were a few quick turns made in that first run up and also shows how small the free float is in TMA. As I say, I'm happy to hold at my 14p buy for now as expect the g-factor to add some further excitement to the stock, perhaps as soon as tomorrow.

so far afx/fool have highlighted the improving trading which itself is v encouraging but have they really grasped the potential implications of gmail i wonder. why else would TMA mention it in their trading update by the way unless they felt it was a significant issue.
Posted at 06/4/2004 09:06 by scrapheap
i agree - i hope their legal people are making damn sure of the gmail brand. Mind you, given the size of google vs tma, surely a legal fight would be pointless for google, just buy tma's brand out - i don't know, a million or two?
Posted at 27/1/2004 08:33 by sue helen
Morning all looks like a big ramp is on here be careful
from logica2me - logica2me@hotmail.com


Followers

I email you with good news. Those of you who managed to get some BDT (Bidtimes) following my last email will now be showing a healthy profit on the back of INO/ARX - this is still a winner and chartist friends of mine expect 12-14p short term.

Just two for this week though. The first one is INDIGO VISION - IND - Massive stock overhang is just clearing and following a closing chart breakout today I expect at least a 60-70% rise within the next 30 days, perhaps more. Net Asset Value is nearly £1 and the current shareprice is only 40p - massive discount which will cause an obvious shareprice correction and make some money for those of you shrewd enough to take my advice and get on board now.


The second one, is a company that has been in the news much recently, partially due to its recent relisting on the market following the announcement that they have signed a contract with Forex Capital Markets LLC - a fanastic deal wich has still not been factored into the price 2 weeks after the relist. With the company only valued at £350,000 (Less than the current value of my house!) I don't need to point out the obvious benefit to buying these shares at under 5p The company is of course The Market Age - TMA. There has been recent Director buying. In fact, there are only approx £90,000 worth of shares in free issue - the rest are in director and trust holdings - this is GREAT news for those getting on board a very tightly held share.

Don't be put off by the spread, many of the test-quotes which I have carried out today have let me get within the spread, both buys and sells. I expect a few buys tomorrow morning which should get the shareprice moving - we should be able to attract more buyers when the share hits the 'tp movers' list, which I'm sure it will. A source close to the company who I recently talked to at an exhibition claims that more deals such as the Forex one are imminent and they were expecting big things from the shareprice this year.

To summarise, two BUYS this week - IND & TMA - don't chase too high, but IND I would buy up to 55p and TMA I would be prepared to pay up to 5.25p based on fundamentals.

Take care,

Joe

All research is strictly in our opinion and we would encourage people to do their own research and only risk money they are prepared to lose. We are not a broker or an adviser - we merely point out the facts. Please be aware, I am not regulated by any formal 'body' to give individual investment advice.

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