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TMA The Market Age

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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 Shares Traded Last Trade
  0.00 0.00% 0.00 -
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBX

The Market Age (TMA) Latest News

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The Market Age (TMA) Discussions and Chat

The Market Age Forums and Chat

Date Time Title Posts
03/8/200416:32last update under tma brand4
19/7/200408:34TMA: Mark II726
03/3/200400:41MarketAge - 60% up in a week17
20/11/200100:16The Market Age. Soon to be listed on the Nasdaq, then lift off.7

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The Market Age (TMA) Most Recent Trades

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The Market Age (TMA) Top Chat Posts

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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 15/6/2004 12:31 by james 2
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
Posted at 29/5/2004 16:57 by james 2
guru11 - I doubt it will close and don't see it as being important imo, any additional volume will more or less drop through to the bottom line (high margins + zero tax) which will drive the Mkt cap alot higher in proportion to turnover.

I would also argue alot of shares have a high turnover but negligable profits, I know which I prefer !


guru11 - 21 May'04 - 23:18 - 665 of 667

Historic turnover is 17% of capitalisation, so hopefully if the share price is to increase further this gap will close. Too many shares have a negligable turnover.
Posted at 21/5/2004 23:18 by guru11
Historic turnover is 17% of capitalisation, so hopefully if the share price is to increase further this gap will close. Too many shares have a negligable turnover.
Posted at 20/4/2004 14:55 by hamidahamida
looks like they r desprt for money i think rights issue is in the pipeline do what all the small companys are doing taking advantage of good share price and good market
Posted at 18/4/2004 23:43 by majic
Best be carefull with this one. I can't see the value in the stock, but there's value in the hype. As word gets around you'll get a high demand and I expect the share price to rise. The canny investor will make lots of dosh on this one but there is a cliff edge ahead and it will happen when the likes of us are unable to trade. The Gmail case is worth the added hype but no true value, it won't hold up in any court, BT threw loads of money at their case for the "Hyperlink" and got nowhere. It's the obvious president. get in, get out, be glad you have cash to burn and not just your fingers.
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.
Posted at 07/1/2004 17:02 by wole
Another attempt by TMA. Wonder how it will fare this time around...
Might be worth a little punt...







17.4M shares in issue. 74.1% of these in hands of directors, The Smith Trust and others, and a further 6% with PPM (Nominees) Limited. Any huge buy orders and the share price will shoot up!

One rather exciting thing about this share is that the loan note holders agreed to exchange £633,501 debt for 175,977 shares. The value of the notes was then reduced to £70,389 and interest was deferred for 3 years.

Highlights of last results:
* Return from suspension with stronger balance sheet
* Despite setbacks, turnover stable for full year and interim turnover up 55%
* Costs reduced
* Agreement to establish a low-cost offshore research bureau
* Pronet FX research gains top-five ranking for a third year
* New revenue opportunity in equities research

Chairman's Statement (05/02/04):
"We expect to be able to announce further contracts in the near future and these are expected to have significant further impact upon the trading performance of the Group, given that our business model as an applications service provider incurs very low marginal costs as our userbase expands."
The Market Age share price data is direct from the London Stock Exchange

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