Share Name Share Symbol Market Type Share ISIN Share Description
The Market Age LSE:TMA London Ordinary Share GB0009256867 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

The Market Age Share Discussion Threads

Showing 751 to 772 of 775 messages
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
DateSubjectAuthorDiscuss
03/8/2004
14:52
the symbol is now IIR
james 2
03/8/2004
14:52
New symbol?
energyi
28/7/2004
19:03
RNS Number:7529Z Market Age PLC 15 June 2004 Independent International Investment Research PLC (formerly The Market Age plc) Chairman and Chief Executive's review Highlights * Revenues up by #189K (78%) * Operating overheads down by #401K (36%) * EBITDA break-even (on a month by month basis) achieved in February * Re-branding complete * Positive signs from Bloomberg and FXCM relationships * Encouraging indications for equities research activity Chairman and Chief Executive's Review I am pleased to report on a year in which the Company has made much progress. Since publication of the Report and Accounts for 2003 and the Interim report for 2004. Financial Results Despite the substantial draw on management time over the year required by the re-organisation of Group finances, a focus on new business opportunities and continued attention to the cost base has generated substantial improvements in our performance. Turnover for the year to February 29, 2004 was #430K (2003: #241K). Operating loss for the year to February 29, 2004 was #386K (2003: #980K). Furthermore the net cash outflow in the year to February 29, 2004 was down to #25K (2003: #415K). The Balance Sheet has been strengthened through an agreement with the Group's loan note holders to reduce the amount due to them from #704K to #70K, in exchange for the transfer to them of some Ordinary Shares. The consolidated Balance Sheet deficiency as at February 29, 2004 was #19K (2003: #310K) and group net debt was #104K (2003: #718K). Operations I reported last time on good progress towards increasing revenues from key customers, and I was pleased to announce subsequently in February 2004 the first of a number of expected contract "wins" with a major global participant in the foreign exchange markets. Together with this client, we have designed and implemented a new level of service, "Pronet Premium", which provides all of the clients' sales and trading staff (and soon, selected customers as well) with access to a dedicated team of Pronet's expert FX analysts. In this way, the client is effectively out-sourcing its technical research requirement, to Pronet. The Group can accommodate a further two such clients before engaging any significant additional costs, and negotiations and sales discussions are underway. The impact of new revenues from this first Pronet Premium client is minimal during the year to February 29 2004 since it includes only two months of fees. Most of the benefit will be seen during the current financial year. I also reported last time that we have signed a contract with FXCM, one of the leading on-line currency transactions firms, who are offering their clients the facility of having their discretionary accounts managed according to trading strategies originated by Pronet. Work is still in progress to roll out the facility widely, and revenues generated so far are not significant but early indications were sufficiently positive for FXCM and Pronet to agree in April 2004 an extension of the collaboration to include Greater China and SE Asia. I reported last time that we had negotiated a variation to the exclusivity provision in the terms of contract for the supply of the TradeSmith service to our original client, releasing us from an exclusivity provision in the contract. We have commenced discussion with a major banking group who are evaluating the service with a view to sharing revenues with us. Finally, I indicated last time that the Group had received an approach from a major market data provider wishing to carry our service to its clients. I was pleased to subsequently report that we have signed agreements with Bloomberg LP and completed the initial implementation work. The Group anticipates that this will lead to new business revenues during the second half. Independent Financial Markets Research Ltd ("IFMR") During the year, WTV (Media) Ltd changed its name to properly reflect the core activity of the company. In late 2002, the New York Attorney General Elliot Spitzer, together with the SEC and NASD, announced an agreed settlement of conflict of interest charges against ten major broker-dealer firms (investment banks). As part of the settlement these ten firms alone are obligated to spend $432.5 million during the next five years to buy independent equities research which they will provide to their retail clients. This settlement is referred to as "the Global Research Analysts Settlement". Product development has continued in close association with key figures involved in implementation of the Global Research Analyst Settlement, and the market for this service has been fundamentally changed - for the better - by these events in the United States. Your board believes that the effect of the Settlement will impact on the industry generally and that many firms will need to embrace its provisions by supplying independent research to clients. Over time, this development is likely to cross the Atlantic and take hold in European investment banking culture as well. This effectively creates a new, enlarged market for independent research. IFMR is now reaching the final, but critical, stage in defining a substantial list of global companies on which it will provide research coverage for broker-dealers (investment banks) that fall both within and outside the Settlement. The Group has a key competitive advantage in supplying non-US company research coverage to the US investment community: through its Pronet unit, the Group has expertise to provide currency analysis so that investors can properly consider the risk (or opportunity) of buying and selling shares which are not denominated in US$. 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. Staffing and other costs The continued operation of the group during a difficult year has been achieved largely through a very tight control over costs. The necessary reductions in staff levels were made during the previous year and the transformation of the Group's cost base was completed in September 2003 with a move to more affordable premises. As a result, the monthly run rate of costs (excluding depreciation and interest) was only #45,000 by February 2004, marginally below the gross profit earned being earned from revenues at that point. Post-balance sheet events In April 2004, The Smith Trust (which is the main shareholder) made a loan of #60,000 to the Group in order to redeem short term loan facilities, to provide working capital and a capacity to deal with unforecast expenses. Protection of intellectual property In our Trading Statement issued on 6 April 2004, it was noted that Google Inc. were intending to launch a service by the name of Gmail, and that the Group has had a similar service since 2002. The Group has been working together with a firm of London based solicitors with a highly regarded Intellectual Property department, and has recently written to the founding directors of Google on the subject. We await a response. Shane Smith Chairman
hamidahamida
19/7/2004
07:34
me me - look at post 724 and follow the link to the new thread (in new name). rgds j2
james 2
19/7/2004
07:29
whats happened here hold a few have they gone bust or what
me me
16/6/2004
08:29
I've put up a new thread, when I get chance this evening or at the weekend I will update and add relevant links etc. http://www.advfn.com/cmn/fbb/thread.php3?id=6649094 rgds j2
james 2
16/6/2004
08:02
VERN NEARLY BROUGHT MONDAY DECIDED ON IDD
vfleetsons@aol.com
16/6/2004
07:43
Sorry to show ignorance. A mate suggested I keep an eye on this one. But I didn't realise they were changing name! S.
skjimey
16/6/2004
07:21
no market today?
tomgiles
16/6/2004
07:15
LOL - try IIR ! rgds j2
james 2
16/6/2004
06:52
Any idea why there are no details showing on Moneypm? Has this share been suspended??? S.
skjimey
15/6/2004
21:11
Do agree james 2, but level 4 is something a shaggy investor would need to take note of....otherwise the head and shoulder formation could change to hip and knee formation with double joppers on the right. Both lines are above the other lines and that means the other line is still over the middle centre. Marcos Van Shagger le Jigjig.......bringing live financial data to the bedroom.. ...Marcos Shagos waiting for the drip below 10p.......
elsworth
15/6/2004
20:41
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.
capricorn_1
15/6/2004
16:55
Here is the full paragraph to avoid confusion ! This effectively creates a new, enlarged market for independent research. IFMR is now reaching the final, but critical, stage in defining a substantial list of global companies on which it will provide research coverage for broker-dealers (investment banks) that fall both within and outside the Settlement. The Group has a key competitive advantage in supplying non-US company research coverage to the US investment community: through its Pronet unit, the Group has expertise to provide currency analysis so that investors can properly consider the risk (or opportunity) of buying and selling shares which are not denominated in US$. 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.
james 2
15/6/2004
16:53
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
james 2
15/6/2004
14:20
about 20% judging by the header. See the news piece below from 1st June, it wasn't posted on here but they gained the top ranking in the "FX week" research performance league, the first independent firm to gain the top-spot. http://www.iirgroup.com/iir/docs/17_PR_Fxweek.pdf rgds j2
james 2
15/6/2004
14:12
what is the free float?
tomgiles
15/6/2004
14:08
tomgiles - in all fairness it works the other way as well (100k of trades sent it up 60% a couple of weeks back). What dosen't make sense imo is why people would sell on today's news, even a hint of another contract announcement shortly ! rgds j2
james 2
15/6/2004
14:05
44,000 shares traded and 28% drop,just does not make sense
tomgiles
15/6/2004
13:10
Your calculations seem reasonable assumptions. Thanks for that, james 2. I too hold, so would also produce biased comments. However, on the +ve side, the price reduction means that I am still paying more than I did when I bought a few months ago, so topping up would not even mean an averaging down. It is as risky as any share at the moment, but if they do pull in the business, then profitability is just around the corner. With Bloomberg as a client, then it is a very good sign. Just need to hold a bit longer. GHA KD
lossman
15/6/2004
12:08
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
james 2
15/6/2004
11:31
Lossman - The results were as expected. the markdown is due to liquidity (fine when it is a rising share price) on a few £££ of shares sold. Will take a more in depth look when I can and post something on here to discuss. rgds j2
james 2
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