Managed Support Services Share Discussion Threads

[richmond9] 01/3/2011 16:05

it is bust. it has been paying suppliers on a cash in/cash out basis for the past 3 months

[coolmd] 01/3/2011 15:02

Something is happening here...
Priced for bust???

[sheila16] 28/2/2011 15:39

down is the new up

[risk1] 28/2/2011 00:24

excellent progress

[dreamsurfer141] 16/2/2011 18:30

Running out of positive things to say about this company now... EPIC reduced considerably at a loss and it appears, released the Holdings RNS before the trades were reported. I've sold out completely.

[risk1] 11/2/2011 19:11

excellent SB

[coolmd] 10/2/2011 15:18

Looks like the II are bailing out now!!
Down she goes.....

[risk1] 08/2/2011 22:33

Very Well Done

[risk1] 03/2/2011 22:54

excellent SB very solid performance well done!

[coolmd] 28/1/2011 15:37

Good Old Sb Captain of the MSS TITANIC......glug glug glug

Women & Children First........

[richmond9] 26/1/2011 11:53

suppliers paid 40/50% of what they are outstanding and informed that there is no more this month!

contracts dropping off the back and replaced by new ones with lower margins

Dosnt sound like the ship has turned round to me, more like its engines are off and its throwing the cargo overboard to the captains lifeboat

[richmond9] 08/12/2010 20:13

The biggest shareholder selling 10% of their holding at a loss

Is that a good sign?

[richmond9] 07/12/2010 20:10

Mj100

Your correct about the link posted by coolmd

The contract announced today was split between GSH in the north and another well known FM provider in the south. Neither wanted the consolidated national contract because of the target open book margin. Anyone who has worked with TC knows the level of disclosure required in their bidding process

There are no hidden profit margins for the successful bidder

[mj100] 07/12/2010 19:42

Rich, Coolmd, was that not retail?

[richmond9] 07/12/2010 17:58

Well done mj100

I talked to a contact at GSH today who said they served notice on TC at the end of the 2nd year (sept 2010) as the contract was not financially viable. TC went for MSS as they were willing to take it for the T/O and cashflow

Good work SB

Also is it just me or do the interim results look alot worse than expected when you look into it abit more closely. Considering the appointment of a senior team (all ex GSH) and the acquisitions the business has underperformed by about 1.5m top line and 500k bottom line. It has also used up all of it's cash and has started to use debt to fund itself. I'm not sure about quite a few things on the balance sheet. Just dosnt smell right.

[toad6] 07/12/2010 17:04

mj100 - 7 Dec'10 - 15:11 - 1934 of 1935
This was not a GSH contract but an in house delivery which MSS have won at a good margin. Believe it or not MSS have two very strong contracts added to their portfolio and I'm sure others will follow.

......FAIL

[coolmd] 07/12/2010 16:45

mj100

Just lost all faith in you!!!....Thomas Cook was a GSH Contract.
DYOR before posting....

[mj100] 07/12/2010 15:11

This was not a GSH contract but an in house delivery which MSS have won at a good margin. Believe it or not MSS have two very strong contracts added to their portfolio and I'm sure others will follow.

[toad6] 07/12/2010 15:09

The thing is we are 3 years down the track!

Operationally geared businesses tend not to be people-businesses. MSS is not a particularly operationally geared business. It's overheads are staff salaries and they need those staff to generate income so sales rise when staff costs rise so no real operational gearing.
Install a software system that tells the company when things are going wrong meaning they only incur cost when they need to is operational gearing.

[a0148009] 07/12/2010 14:50

Richmond

You seem to be well informed are you as they say "close to the business"

Not worried in this case on the margin - a bit of bread and butter business with
a few big names to pay the overheads is good for MSS with "the Group operationally geared".

This is a whole new business SB has put together and you have to look 2 - 3 years
down the track.

AO

[iiinvester] 07/12/2010 14:50

asparks - what is the detail then, as you seem so informed??

[toad6] 07/12/2010 13:14

...only he has given you the detail or how would he know it was GSH?

[richmond9] 07/12/2010 12:36

The contract has been won from GSH on a competitive tender basis where MSS have undercut on a contract which was already cut to the bone.

Value is about 900k per annum but MSS will be lucky if they make 2% which is why the announcement is so vague.

[asparks] 07/12/2010 12:07

5-day chart showing bid/offer spread shaded - - - - - - - - - - - - - - - and intraday chart



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