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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Managed Support | MSS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.045 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.045 |
| Top Posts |
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Posted at 08/11/2012 08:30 by w1ndjammer floatif you didn`t make money out of MSS you are the fool, you have only your self to blame, take the blinkers off, you are emotionally attached to MSS never a good recipe for inversting in the stock market. keep your money in the bank. WJ. |
Posted at 08/11/2012 01:39 by 2float WindyYou are a deluded fool. Simple Simon is a hapless wannabe who did nothing like play this one by the book. And your claim that someone who inherits a company with £13m in the bank has the odds stacked against him is frankly laughable. If you truly believe the halfwit gave everyone an exit route, speak to the institutions like I have. They utterly despise him. In fact he's been told in no uncertain terms never to show his face in the city again!! The bumbling fool has consistently made outlandish and untrue claims of fraud by the previous board which have all been proven to be completely untrue, following an extensive criminal investigation. The man is a hopeless loser who was entirely responsible for this company failing. No one else is to blame. So given your comment about "blatant fraud", exactly who are you accusing? The previous board have been completely cleared by the SFO, as you well know. So who are you referring to? I've been doing some digging around and Beart has now been involved in the takovers of three companies, XKO, MSS & the takeover of Gresham by Parkwood. On every occasion he seems to subsequently find fraud or wrongdoing by previous boards or directors. Now, either Simple Simon is the unluckiest person ever in the history of corporate deals, or perhaps he finds it convenient to uncover dark deeds. Strangely, all of his claims about wrongdoing in all of the above three companies were subsequently proven to be baseless. Now, regarding you. Despite what you say, you have never given an answer as to why you stubbornly defend the indefensible. Beart is a failure who is entirely responsible for what happened to MSS. He was in charge for 5 years (longer than anyone) taking an enormous and undeserved salary, during which time the shares plunged lower and lower. The previous board are irrelevant so stop referring to them, they've been cleared, why do you defend Beart? Just answer the question. |
Posted at 27/5/2012 09:42 by richmond9 W1NDYThe game isn't over, until its over so lets wait and see shall we. I think June is going to be a big month for SB. Im sure he's feeling a mixture of relief, for getting out of the mess that was MSS, regret for making such a complete horlicks of the whole turnaround which has resulted in the end of his city career, and (if hes got any sense and half decent advisors) dread at the thought of what is going to come out of the wreckage, because SB will be taken to task over this and will at the very least loose his wealth and perhaps even his liberty SB played the SFO card, his friends in the press (MoS) backed him up by printing story's to get the band wagon rolling and he involved the legal system. All done to help him get rich so he could look his brother in the eye as an equal, and to massage his massive personal ego. He stated his aims four months before taking over at WNG with claims of fraud and the Worthingtons. The reality is that it has all been shown to be lies following completion of the 5 year investigation. He used this fraudulent smoke screen to blow £29m pounds, rebranding, clearing out, closing good companies so he could buy badly in an attempt to prove he was a specialist and crashing the share price and the shareholder value. Im sure he's in the Isle of White this weekend or at home in Battersea hoping this will pass and he can move on. Thats the arrogance of the man. Untouchable? I think not. If you play with the law for your own gain, don't be surprised if it takes a dim view of your actions and comes back to haunt you. Also be very sure that the people you try to bully, are not the kind of people who enjoy a fight and stand up for what's right. "It's a little like wrestling a gorilla. You don't quit when you're tired -- you quit when the gorilla is tired." |
Posted at 03/4/2012 16:51 by humbug12 I joined this board today, and i have been following LSE board today, as well as this. I lost some money today on MSS, as i was a fool and trusted poster SAUD, who turns out to be Hedge fund Investor on lse, and they/or should i say He has falsely made statements regarding a t/o . I am not the only one who has lost money and accept it is all part of the game, but when one poster cut and pastes his own words, as a different character, on a different chat board then posts, SAUD on ADVFN says t/o of £1,5 million then this makes them lowest of the low to fellow investors. |
Posted at 20/3/2012 17:27 by richmond9 12 million shares sold in two hits today (4%) which means another institution has got out.Official word will be out very soon regarding the failure to complete the novation of contracts which will result in the closure of MSS Plc. My guess is SB has told the major institutional holders to sell as soon as possible. Probably over lunch at the club. If i was SB id be having my last few peaceful weeks before all hell breaks loose. When you kick as many people as he has, eventually someone stands up, and trust me that is what is on the way SB = FRAUD |
Posted at 15/3/2012 14:28 by sheila16 if mss was a person it could at best be described as a 'colourful character'. the sort of person you would expect to hear both good and bad things about. if after 5 years there have only been had things said about it, with absolutely not even a shred of good news, i know who i am inclined to believe! |
Posted at 14/3/2012 08:30 by richmond9 and just to confirm before you ask:- I have managed to get a copy of the minutes from the first meeting (27/8/2007) and the subsequent correspondence between the board and SB during September 2007, as well as a copy of the share register from capita registrars showing when SB purchased his first shares. Amazing what people will tell you and hand over when the SFO investigation is over. It appears to me that SB has behaved appaulingly over the past 5 years and upset a lot of people both within MSS and in its wider, advisor, customer and supplier base. |
Posted at 14/3/2012 08:14 by richmond9 Morning W1NDYNothing I have ever posted on this board has been based on anything other than actual fact. I have a detailed file on the source of information and the necessary backup for the authorities. I have been doing a bit more research. SB was introduced to the board at WNG(MSS)in August 2007 and was given inside information by Cenkos about the company's position following the profits warning earlier that month. He subsequently purchased shares in the company (in Sept 2007) and forced an EGM as an outraged share holder. Question: Is it insider trading to purchase shares when you have been made an insider? |
Posted at 24/12/2011 12:26 by richmond9 ParsonsI have studied it and would point out the following. SB has been clever with his balance sheet so that he dosnt look like a complete fool in this half year statement and you have invested without checking the details. From the half year statement Balance sheet The Group's balance sheet is presented with the net assets of the trading subsidiaries shown as assets held for sale. Completion of the Initial transaction took place in the second half. They are showing the net assets held for sale at 30th September @ 14,190 million. This included @ 30th September, MSS Interiors and MSS installation division, both of which were closed not sold in October/November. As we know they didnt achieve 14.190m in the actual disposal of the building services division in December they received 4m with a further 2.5m if they are very lucky. That completed the sale of ALL trading assets. Again from the half year statement Balance Sheet At year end, it is anticipated that the balance sheet will merely show cash balances and a small level of trade creditors. If we give SB the benefit of the doubt and show the full 6.5m coming in from Initial then the balance sheet @ 31st March 2012 will show cash of 6.5m received which will clear the liabilities of (5,798m) and the assets held for sale of 14.190m will be removed. This is a decrease in current assets of 7.6m which will leave a balance of nett assets of 500k, although SB and Piers Wilson will have to receive their remuneration over this 6 month period so im guessing that will be halved to 250k. and just to complete the round up, if Ian Woods decides to stick to his guns and move to Canada and the Bruntwood contract dosnt novate over to initial then SB wont get the 2.5m and the company will be wound up with balance sheet net assets of (2.25m) does that make sense now Parsons? Sorry i didnt explain it fully before you put your money where your mouth is |
Posted at 19/11/2011 10:32 by richmond9 I make no apology for the length of this post.SIMON BEART IS A FRAUD He has consistently claimed to be a turnaround specialist. He told us he had sorted things out, that the company was moving forward, that HIS strategy was the right one and was delivering results. - ALL the money is gone (nett cash 1-12-2007 of 12m plus 7m + 6m = £25m) - ALL the contracts are gone - ALL The acquisitions have failed 10-3-2008 The Board, as would be expected, has taken steps to improve senior management and has implemented internalcontrols in order to provide a sharper focus on margin management and cash flow. In the opinion of the Board, these management actions will enable the Group to operate at break even, on an underlying basis before exceptional costs and to improve the historically poor cash flow. Simon Beart Chief Executive 27-6-2008 The Group is coming to the end of its first quarter's trading operating under new disciplines and procedures and with a greatly reduced cost base. The Board can confirm that trading has stabilised, as anticipated in our earlier statement of March 2008. The four reporting units have traded profitably to date in the current year. It is the Board's intention to confirm the outcome of the first quarter's trading at the Extraordinary General Meeting which has been convened for 30 July 2008. As a result of the improved trading performance, the Group now has the stability and management capacity to consider both tactical and strategic acquisitions in order to deploy more efficiently the Group's surplus cash balances. Simon Beart Chief Executive 30-9-2008 KEY POINTS Strong first half trading Excellent cash conversion Net cash balances £7.9 million (as at 18 June 2008: £5.2 million) Turnover £16.3 million (6 months ended 31 March 2008: £16.4 million) Adjusted profit before tax £1.1 million* (6 months ended 31 March 2008: loss £5.8 million) Adjusted earnings per share* 0.94p (6 months ended 31 March 2008: loss 3.5p) Simon Beart Chief Executive 10-2-2009 Current trading and prospects The Company announced its interim results on 19 November 2008 for the six months ended 30 September 2008. Reported turnover for the period was £16.3 million generating an operating profit before tax, amortisation of intangible assets and share-based payments of £1.0 million. The Directors believe that the changes undertaken by the Group last year have ensured it is well placed to respond to any changes in the markets in which it operates. Current trading remains in line with management's expectations for the year ending 31 March 2009. Simon Beart Chief Executive 16-6-2009 However, with the benefit of enlarged cash balances, the Board is now able to review a broad range of acquisitions. It is to be hoped that in the next twelve months the scale and activity of the Group can be transformed, either by a substantial transaction or by undertaking a range of smaller acquisitions in related markets offering consolidation gains. Simon Beart Chief Executive 1-12-2009 Status Builing Srvices Acquired Commenting on the results, Simon Beart, Chief Executive said: "We now have a strategic way forward for the Group as well as the management resources to deliver our ambitions. We anticipate that progress will be rapid as we look to expand the Group". Simon Beart Chief Executive 15-4-2010 Commenting on the acquisition, Chief Executive, Simon Beart said: "Data Sound has an impressive business model that delivers high levels of customer service. We expect to acquire further operations in the areas of legal compliance for our Building services clients" Simon Beart Chief Executive 1-7-2010 Commenting on the results, Simon Beart, Chief Executive said: "The new team has achieved a great deal in a short time. We are now profitable with a strong platform and we expect rapid growth both organically and by acquisition." Simon Beart Chief Executive 5-8-2010 "The Board is pleased to confirm that MSS has delivered month on month profitability throughout the first quarter. This is a considerable achievement given the prior year losses and the integration challenges arising from the acquisitions made in late 2009 and early 2010. It is anticipated that the results for the second quarter will show continued progress..." Simon Beart Chief Executive 28-9-2010 Prospects The acquisition of ECS materially increases the scale of the Group's Building Services operations as well as enhancing the Group's revenue mix as a result of further growth in the Group's contracted revenue base. The Board believes that the increased financial resources and operating scale will enable the Group to compete effectively for strategic outsourcing contracts within the Building Services markets and continues to anticipate growth in the contracted revenue base. Simon Beart Chief Executive 11-11-2010 Trading Update The results for the half year ended 30 September 2010 are expected to reflect the competitive conditions in some of the Group`s markets. The Board is pleased with progress on sales gains, as illustrated by today's announcement. Today's contract announcement will contribute materially to sales growth in the next financial year. The Board is also pleased to confirm that the integration of the recently acquired ECS business into the Group is proceeding smoothly and that early trading indications are promising. The Group has very low levels of debt and no material exposure to government related spend. Simon Beart Chief Executive 7-12-2010 Commenting on the results, Simon Beart, Chief Executive said: "Our recently announced contract gains and acquisitions have transformed the prospects for the Group. We anticipate further market share gains and we look forward to the next financial year with increasing confidence" Simon Beart Chief Executive 7-12-2010 Managed Support Services plc, the Technical Building and Environmental Compliance services provider is pleased to announce that it has signed a three plus two year contract for the provision of a Total Facilities Management solution to Thomas Cook Group UK Limited ("Thomas Cook"). This multi million pound contract covers Thomas Cook's major corporate buildings across the UK and is the first time Thomas Cook have outsourced the provision of these services to a single provider. Phase 1 of the new contract commences in January 2011, and will cover the main Corporate office sites with additional Thomas Cook sites The Board of MSS regards this contract win as further validation of the Group's strategy to create a competitive building services platform nationwide, capable of meeting the complex needs of major corporate customers. Simon Beart Chief Executive 2-6-2011 Trading in the first quarter of this financial year has seen a weak start from the Group units dependent on capital expenditure by customers, coupled with low utilisation rates in April. Visibility and activity levels for the second quarter appear to be improving. Simon Beart Chief Executive 7-7-2011 KEY HIGHLIGHTS · Two acquisitions successfully completed · Group turnover increased from £15.3 million to £26.6 million · Return to normalised operating profit* · Activity levels recovering in second quarter after slow start Commenting on the results, Simon Beart, Chief Executive said: "We have now assembled a nationwide capacity to deliver Building Services and Environmental Compliance to our growing customer base. We expect further new business gains in due course as the Group continues to gain recognition and profile in its markets." Simon Beart Chief Executive 26-8-2011 Commenting on the disposal, Simon Beart the Chief Executive said "This disposal simplifies the Group and strengthens the balance sheet, both of which we believe will help us in further new business gains." Simon Beart Chief Executive October 2011 Managed Support Services (MSS) is experiencing strong demand for its building services solutions as businesses look to realign their maintenance requirements to reflect the current economic climate. As a result, MSS has secured a number of contracts with a mix of private and public sector organisations worth a total of £2.35 million. Simon Beart Chief Executive 18-11-2011 Background to and reasons for the Disposal Following material trading losses in 2007 and 2008, that led to the appointment of a new management team, the Group undertook a significant restructuring and a reduction in operations. The commercial activities remaining, following these management actions, were in the building services markets. It was therefore decided to expand these residual activities by acquisition in order to create a nationwide supplier of building services, ideally with sufficient market scale to appeal to larger customers than the Group enjoyed at the time. In pursuit of this policy, the Group undertook two principal acquisitions to increase the Group's building services activities, being the acquisitions of Status and ECS, for a total net cost of GBP6.1m. The businesses acquired by the Group and the small existing operations were consolidated into two primary trading units based in Manchester and Wembley during the current year to form the Division. The Division also enjoyed considerable new business success gaining larger corporate customers during 2010 and 2011. However, whilst the Division has been profitable on a stand-alone basis, before Group costs, the Board believes the Division has made insufficient progress particularly in current markets, in creating a building services division of scale. The Board therefore decided that the prospects for the Division would be realised more rapidly if the Division became part of a larger trading group. Simon Beart Chief Executive ANYONE ELSE FEEL LIKE THEY HAVE BEEN MISLEAD VOTE NO! LETS SEE THE RESULTS OF A FORENSIC INVESTIGATION INTO SIMON BEART AND THE COMPANY CARRIED OUT BY ONE OF THE BIG FOUR AND THE SFO |
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