Managed Support Services Share Discussion Threads

[richmond9] 02/7/2011 12:10

couple of things here:-

The contracts are extensions of existing not new.

MSS are on stop with everyone. I met one of their service engineers last week who couldnt buy gas from any of their three suppliers.

Desperate times at 2.05p

SB = FRAUD

[iiinvester] 30/6/2011 21:30

Is this the same one (co-op?) that was reported in November??

[sheila16] 30/6/2011 13:58

a couple of small contract wins here

[coolmd] 29/6/2011 11:34

Flat line we need the resuscitation equipment, are we too late has she gone...
R.I.P MSS

[iiinvester] 22/6/2011 11:04

Keep looking...it's coming!

[philw2009] 22/6/2011 09:31

Where's this story then?

[richmond9] 17/6/2011 10:59

Broker is trying their best to keep this above 2p

Cenkos have questions to answer in this debacle

[richmond9] 17/6/2011 10:47

Broker is trying their best to keep this above 2p

Cenkos have questions to answer in this debacle

[risk1] 15/6/2011 20:54

i have faith in ole SB

[toad6] 14/6/2011 17:33

Well done sunshine, we're all very excited for you ....

[risk1] 14/6/2011 17:07

i am going to fill my boots here

[risk1] 13/6/2011 21:43

Stop slating ole SB he is the leader of our company

he is sailing the ship to calmer waters

Well done SB

[iiinvester] 10/6/2011 23:11

I have just heard the same! I hear a certain newspaper has a VERY interesting story about SB and his lies is coming home to roost....oh dear mr beart indeed

[richmond9] 10/6/2011 13:34

Oh Dear Mr Beart

earthquakes a comin!

Keep an eye on the broad sheets in the next couple of weeks.

SB = Fraud

[philw2009] 10/6/2011 13:05

I see they have to pay 200k for the ECS acquisition in September 2011. Will they have the cash??

[risk1] 08/6/2011 21:13

excellent rns very reasurring

[richmond9] 07/6/2011 10:16

Another institution deciding enough is enough and selling out at 2p

Trust me people, SB is in very serious trouble here and worse to come in the next couple of months.

The lies he told in 2007 that got him in will come back to haunt him

[toad6] 07/6/2011 05:55

Coolmd - just you probably.

[paul119] 06/6/2011 16:49

Tag of Muppet accepted - shall read 2 posts in future. Wont change the fate here though.

Please accept my apology!?

[coolmd] 06/6/2011 15:04

Deal or No Deal...
Who is going to be left here in the 1p Club?????

[coolmd] 06/6/2011 15:03

Deal or No Deal...
Who is going to be left here in the 1p Club?????

[richmond9] 03/6/2011 07:35

RNS Number : 7150H
Managed Support Services PLC
02 June 2011

The results for the year ended 31 March 2011 are expected to be announced in early July. As previously indicated, these results reflect the lower level of discretionary customer spend in the last quarter and the cost of rectifying failures by operational management, which led to a short term reduction in customer service and a consequential write off of Work In Progress. The Board dismissed the relevant senior management for negligible cost and is pleased to report that the upgraded team is performing well.

RNS Number : 0534X
Managed Support Services PLC
19 June 2008

Control Environment

Considerable reductions in underperforming finance and management resources were required. In many instances this required a substantial upgrade in individual roles. This task will only be completed when the implementation of a standard Groupwide MIS and accounting system has been implemented. This process will be managed on a generous timescale in order not to disturb the newly stabilised accounting processes.

Substantial time has also had to be diverted to documenting and resolving the previous failures of accounting compliance, negligent record keeping and the establishment of simple accounting disciplines in order that sales and costs are captured effectively and reliably. The failure to follow these basic disciplines in the past led to material write down of revenue and the absorption of unplanned costs.

The simplified and delegated unit structure, with frequent reporting and monitoring now means that such accounting lapses and completeness of income failures are unlikely to be repeated.

RNS Number : 9341T
Managed Support Services PLC
16 June 2009

During the year a management control system was implemented enabling more
accurate contract review.In April of the current year, we further improved our
processes by going live on a comprehensive accounting system which is tailored
for contract management.

RNS Number : 5608O
Managed Support Services PLC
01 July 2010

In order to manage our service delivery profitably and efficiently, considerable
infrastructure investment was made during the year, in addition to the costs of
restructuring the legacy assets. This substantial investment included software,
re-branding and the consolidation of customer helpdesks. This has helped to
create a competitive platform from which we will be able to deliver much greater
business volumes than are currently being enjoyed. The new management team have
considerable experience in developing and successfully managing our customer
services model.

This restructuring process, involving the rationalisation of the activities of
several offices and reporting lines took place during the final quarter. The
benefits of these actions are being reflected in current trading.