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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Maelor | MLR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 100.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 100.00 |
| Top Posts |
|---|
Posted at 12/4/2008 16:12 by gogoneko All I see is an absence of argument for the "huge premium" claim based on any fact, i.e. nobody has disputed that the 10x pro forma EBITDA payment is too much - which is what MLR have used for their valuation. Simply putting forward a bunch of assumptive "what if" cases relating to the competitor suddenly deciding to squeeze MLR out of certain markets should be reflected in a risk factor in the share price, not the amount MLR should have paid.More "what if"s: What if Ferring decides that the market is too small to defend or has bigger fish to fry? What if regulatory approval for Haemopressin isn't given? Why does the £2m milestone payment only relate to "certain products" approval in UK, France and Italy only? Was that year's EBITDA an anomaly?, etc, etc. We're only going to know over time whether the amount paid was too much or not but I think the company is turning its back on PIs so with that attitude I'm never going to hold long-term. As quite a few others are questioning director motives the shares could drop as investors lose confidence/interest even though the company currently has a profitable and growing business even though it'll still be settling payments 4-5 years hence. The danger has always been though that the company would overpay on expansion and at the first sign of things not going to plan then the shares will be hit - so far, from a performance perspective, the company have delivered. |
Posted at 31/3/2008 14:38 by gogoneko I'm not surprised that the share price isn't sinking that much as the company is increasingly looking in better shape with the addition of more profitable revenue streams and expanded markets. The trouble is that I expect quite a few don't appreciate that a minority of players are increasingly taking the majority of the riches. The company in my opinion is moving forwards as a business but leaving private investors behind. I really am eager to see how those who've given Maelor recommendations in the press cover the issue of dilution and the closed community for cheap shares issues - I expect that they'll avoid those areas, blame the lack of increase in share price on the credit crunch, and suggest "keep buying"! |
Posted at 30/3/2008 10:41 by waxman3 You cant say THAT I DID NOT WARN YOU ALL.JUST ANOTHER SHAFTING FOR THE PRIVATE PUNTER. THESE WILL SETTLE AROUND 60P AFTER THE CONSOLIDATION. I GOT OUT AROUND 13.75 14.50P. ONE THE LEAVE FOR A FEW YEARS BUT KEEP LOOKING AS THIS MANAGEMENT HAS LITTLE INTEREST IN THE PRIVATE INVESTOR! |
Posted at 28/3/2008 08:57 by steeplejack All very true.The death of proprietary shareholder rights has been the bane of private investors for many years now.In truth ,the rights issue is almost a thing of the past.Sadly ,you have to divorce the recognition that we've been shafted by yet another deeply discounted placing from an evaluation of the benefits of the deal going forward. |
Posted at 28/3/2008 08:50 by gogoneko This time last year the acquisition was part-funded by an oversubscribed issue at 10p, I really don't believe paying just 11p today is justifiable considering the company performance in the interim period. During the past year private investors have been buying this share on the back of tips and recommendations while the cheap shares fed to institutions have been dumped. Private investors have just had their shareholding diluted and so there's minimising of earnings and shareholder value for these investors - not what's written in the acquisition document!! |
Posted at 28/3/2008 08:00 by gogoneko Sounds like another tranch of shares being issued on the cheap to selected investors, just like the last acquisition which hasn't delivered any improvement in shareholder value even if the business is getting better.I'm certainly not impressed that the 13m new shares were issued at the equivalent of 11p!!! |
Posted at 18/2/2008 14:32 by waxman3 The agguement is really quite simply.MLR still has a substantial private shareholder base, some still very loyal the the share price they bought in at, many up to two pounds a share. There was always a risk of institutional dumping when the new MLR was floated at 10p. I believe that substance could have been given to the floatation had the private investors been allowed a slice of the action. Private shareholder being as they are, really quite a loyal old bunch. You are now experiencing the proof of the pudding as the share price dirts no matter what the director do now. |
Posted at 18/9/2007 23:38 by gogoneko crazycoops,I just read what jim writes (because I have to remove the filter) and I agree with you that it's no surprise to see the share within the trading range. The only reason I see that it was unable to break the range and head higher into speculative territory (rather than on valuation) was because there was such heavy selling by privileged investors at and above 15p. I think a lot of investors are selling at the disappointment that the shares haven't rocketed (such is the fickle nature of small private investors) or, most likely, are going to try to get in at a lower price. I've done a bit of the latter but even so am content to be holding the majority long-term because the company, apart from setting a questionable placing price, has done nothing wrong. All these jibes at the management and the company are seriously misplaced considering the recent acquistion and strategic decisions and subsequent metamorphosis into a very profitable company with plenty of cash. Furthermore, from recent comments, everything is still going to plan - so what unfounded griping by some commentators! Sure if the results indicate problems then we can all jump on the critical bandwagon but it's too early at this point. If these tempramental investors don't do their sums and expect a new deal every month and a ridiculous valuation they probably spend their time chasing one share after another with their hot money and blaming management rather than themselves when the choice backfires. Can't imagine we'll get a pre-close update following so closely to the previous AGM update, unless the stock does drop out of the range. I'll be more than happy to pick more up for 11p again if it drops that far - particularly with results so close. |
Posted at 18/9/2007 16:09 by jim_bently davis YOU BLIND CRAZYCOPS its here taken for the MLR thread om MW WITH ALL DUE ACKNOWLEDGEMENT---YORecommendations: 8 I took the trouble to go to London, despite tales of Tube woes, etc. to attend the Maelor AGM. Arrived ten minutes early and the room was empty! AT the appointed time it had filled a tiny bit - mostly Execs and their hangers-on....so if anyone (here) was present I didn't spot you - or I'd have said "Hello". The formalities over there were no questions - indeed there were no other Retail Investors there, although I did manage to get some information informally - the Placing was effectivly a reverse - - - yet I consider the Placing to be a huge dilution - indeed the Board may be pleased the share price has risen above the 10p Placing - but for retail investors the dilution by extra shares, it should be! Our prospects for a dividend are half what they were. There was no presentation, so I was glad a friend who planned to attend, couldn't make it - it would have been an episode that wouild take a long time to forget. (It is my belief that at every Public presence, the company should be making the case for investment, showing how the business is going and (hoping potential investors will buy-in).....to forget that aspect of a public platform is a serious error and I shan't be investing more in this outfit. The real question is - with this new business:- is the new company worth more than the two businesses on their own? IMHO [MLR] has been in free-fall for a long time, so I guess the market is waiting, before it heads one way, or the other,. This stock doesn't appear to be discussed (here), so I guess that tells all long-term investors something about the business as a whole. "Lack of sizzle" sums it up. The Resolutions were voted through and the Proxy votes were just over 20m each, "for"......... Against was barely 1,000's. Quite a contrast to OXB's AGM (in the same building, I think) where Prof Kingsman takes the trouble to explain their technologies, the progress to Market and their Cash and Deals - nothing that isn't already Public; but it's good to have it in a concise manner, so one can get a view on "the buzz" - from the Top, as it were. |
Posted at 12/7/2007 17:08 by foreverhoping as i said before piruxi, i have been a holder for a long time, and hopeful for maelor. after all this time, fluctuations are not going to make me lose any sleep and i have enjoyed the entertainment of the last few days. however, this share appears to be finally turning the corner, and institutions appear to be abusing this by selling into any strength. i have seen it so many times with other shares. i would sell because i believe with many millions sold to big investors who like the thought of making 40% in a few weeks, this share is going to be rangebound; small investors fancy a piece, and big investors get out with a handsome profit. and so it goes. although initally disagreeing with various posters on this theory, i think swings between 11 and 15p could now be likely for the time being. if the large buying spree of the last few days has failed to impact on mlr, then im not sure what will, at least until the institutional selling dries up. and if a bit of range trading is possible, then im all for it! i will always have a core holding in case of missing the action! |
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