Managed Support Services Share Discussion Threads

[philw2009] 16/9/2011 15:19

Yes he doesn't have TIME you IDIOTS. HOW DARE YOU

Good work SB, well done.

[w1ndjammer] 15/9/2011 11:43

2f
i don`t have time for all this nonsence. i am out of the uk and its difficult
to get internet connections.
all i have time to say is, i go on past performance who would you put your money on roony or some unknown.
you are asking who the bandits are. but no mention of the brown noseers
hmm very interesting !!

WJ.

PS about 3 years back i wanted SB to ditch this lot and take the company in a different direction get rid of the hangers on. just use the listing, only a matter of time before a buyer appears.

[2float] 13/9/2011 17:19

Windy

You can't do it can you. I asked you to treat us to a reasoned and informed argument why we should trust anything that SB says, without resorting to snide comments. All you do is start going on about the worthingtons again and accusing those of us who don't blindly believe Beart's nonsense of sucking up to them. So again, why should we believe what SB says now, he's failed for four years.

He's had more cash and time than anyone to get the company going and he's failed. There is no argument about that, it's a fact.

I'm not talking about the share price either, we all know markets don't always reflect a company's true value. I'm talking about the company's key indicators, profit, sales, orders.

Also, can you explain who the bandits are?

[iiinvester] 13/9/2011 00:07

Oh dear, WJ just proved my point! An illiterate post spewing out blinkered rubbish again....give it a rest please!

[toad6] 12/9/2011 21:09

I've just realised that you are actually mad. You are investing entirely on past performance and no clue as to fundamentals. You have been shown to know next to nothing in the past and it continues now. This has nothing to do with the Worthingtons who are long gone from this business and SB's promises and self promotion have been shown to be an absolute fabrication of his over-active self indulgent self-promotion. He is not managing the Business which has totally failed. No amount of excuses will improve shareholder value and having you spouting your drivel about what you clearly know nothing about is a simple diversion to the absolute fact which is this company is finished. Your claimed trades are doubtful and unless you can show us any proof, a contract note on say photobucket I'm again goin to call you a liar, I don't believe any of your do-called 'trades'.
Why don't you leave this to the grownups eh?

[w1ndjammer] 12/9/2011 20:46

well it looks like you guys spent so long brown noseing the worthingtons,
that you never stoped to think that the company was never worth 200p per share
it was just a bubble, created by mw and the bandits. it was only ever worth
6 mill. at least the nav is now 9 mill.
get the blinkers off guys take a look at the market, there is hundreds of great co`s out there with trashed sp`s
look at pvcs makes ingots for solar cells 45 mill in bank
production ramping up plants germany uk and japan share price on its knees.
all i can say SB made me a shed load of money in the past, and i mean alot
i have about 0.5 % of it invested hear was buying down to 1.25 over 1 mill,
sold a few into the spike the other day. and happy to stick with it
ho and at least i pay me subbs to advfn. no like you no marks.

WJ.

[toad6] 12/9/2011 16:31

WJ is as sad as he is uninformed, he likes nothing better than spouting total garbage and whenever he is challenged, as he was by me to a very informal face to face meeting after he called me a coward for some unknown reason, he scuttles off for a while to his imaginary yacht (proof needed by way of picture of a tin of beans on the helm please or I'm calling him a liar!).

He's a Walter Mitty

[iiinvester] 08/9/2011 21:19

WJ - I think 2floats post is worth checking! Why must everyone who doesn't agree with you be a sacked/disgruntled blah blah blah employee? Maybe they just don't see SB in such a blinkered way, like you!

[venlib] 08/9/2011 18:45

Don't be daft WJ -everybody's lost money on this share. What's Beart doing trying to get the job of CEO at Gresham? Is running MSS that easy that he can can be CEO of both, along with his other Directorships. For 200k, 30k pa pension contributions + car + expense account one might hope MSS would have his full attention, during it's struggles at least. I wonder if all the considerable IT spend has anything to do with his x company buddies at sofware developers XKO/Solarsoft. Looks to me like jobs for the boys, "Come one come all, get a huge salary and massive perks - should be good for a few years, just make sure it's not your only job as it won't last that long"

[w1ndjammer] 08/9/2011 17:37

2float

did you lose money on your shares, or get sacked !!!

WJ.

[2float] 06/9/2011 18:52

I've followed this stock since SB seized control claiming all sorts of wrong doing had taken place. Thought it'd be a good one to have a punt on once 'Simon Shining Knight' had sorted it out and produced a few solid months of a rising price. I hadn't followed "The Special One" from XKO and didn't know of him before, I just thought it had all the hallmarks of a typically political takeover where the price was driven down through a very aggresive press campaign, so might have a good chance of a decent "recovery".

Here we are, 4 years since he took control and the share price is still falling. There's been one "good" reason after another why things still aren't right. Legacy contracts, necessary write off's, bad aquisitions, under performing management, poor trading conditions, wrong market, wrong time, etc.

Wake up people, four years is a very long time. This self proclaimed "turnaround specialist" has been given the cash and the time and it's as bad as it has ever been. The latest news looks terrible for the company. It's in a position where it sold more than half the group profit which accounts for such a small amount of turnover. That looks really bad.

Something doesn't look right about the way things have been run over the last four years.

So, I've been doing a bit of digging and it turns out good old Simon has been a central figure now in at least 3 takeovers of a hostile nature, all conducted through carefully placed hostile press articles criticising existing management followed by the uncovering of wrongdoing once he is installed as CEO. The takeovers of XKO plc, Worthington Nicholls plc and Gresham House plc by a vehicle known as Parkwood Property Investments LLP. During the Gresham House takeover attempt, a circular was even issued by the existing board which was very strongly worded and critical of SB and his team, using the phrases "totally misleading" and "factually incorrect" about the misinformation that was appearing in the press.

Now, is it me or is SB astonishingly unlucky in choosing takeover targets where he subsequently "uncovers" dark deeds by previous boards, or is there a pattern emerging with this self named "turnaround specialist".

The writing's on the wall for MSS and I won't be surprised if there isn't one more investigation to come Mr Beart.

[richmond9] 03/9/2011 12:09

W1NDJAMMER you wouldnt happen to be Simon Bearts younger and more successful brother would you. Rich and spending all your time away on your yacht while your brother Simon is desperately trying (and spectacularly failing) to emulate your success. We know he has a massive issue with your success and how that reflects on him as the older brother?

Met up with Toad yet?

News from the front line

Building Division (classic interiors) closing down. All staff given redundancy notices on Tuesday 30th. Also this division not paid its NI/PAYE or VAT for three quarters (£200K)

Ian Woods (Project Director) working his notice

No money to pay earn out for ECS so they get that back before christmas

All other parts of the company trading at a loss

SEE YOU IN COURT SB and WELL DONE!

[venlib] 28/8/2011 20:40

WJ, I'm just passing and only seen the headline figures. I can't be bothered looking at the detail so correct me if I'm pence or £ out, or preferably don't as I'm not that interested. But from the headlines the company made 600k after expenditure inc. 1m wages. Seems to me like it's 600k down not 1m up. This isn't rocket science. The company is strapped for cash and under pressure from its bankers so it sold the only thing worth selling. It won't have that profit to offset against losses come next results – and it won't have the same thing to sell again. Reminds me of GB selling our nations gold, ho hum. That dead cat didn't hit much rubber (for a dead cat)

[richmond9] 28/8/2011 09:58

3 Million has gone to pay off the bank debt. The city wont invest in them any more and the banks dont believe them anymore.

Its not nett cash, its paying off debt. the nett cash will be about 1 million and that wont buy you anything these days.

Its saved us one milion in wages, but those people made £650k of the total group profit last year. The remaining group overhead is 5.5 million and that made errr oh NOTHING last year.

[richmond9] 28/8/2011 09:54

WiNDJAMMER, you should be able to meet toad now your home

[w1ndjammer] 28/8/2011 09:09

well just landed heathrow,
at least the latest RNS showes us, the so called experts the bashers talking the company down on this BB
with insider knowledge, are totally clueless, not one of them spotted
this one comming, infact the exact opposite.
This was a great move by SB the market has deterioated over the last 12 months and £3 mill will go a lot further in todays accusition market.
34 employes transfered accross to capita saves us over £1 mill in wages.
less than 3 years from now SB will have off loaded MSS, for a minimum 10 bagger.

WJ.

[risk1] 27/8/2011 10:50

GOOD OLD SB

How long have i stayed faithful whist others doubted the old lad

great news

Well done

[richmond9] 26/8/2011 17:03

sorry for the pun but this is a fire sale

MSS Health and Safety Limited
(previously Data Sound Limited)

On 15 April 2010, the Group acquired 100% of the issued share capital of MSS Health and Safety Limited, gaining control, for a cash consideration of £2,942,000. This transaction has been accounted for by the purchase method of accounting. The acquisition was made for the long term interests of the Group.

TEH REALITY IS THAT SB purchased Data Sound for £2.942m 16 months ago and boasted it was money well spent in the long term interests of the Group. In the year SB's magic touch was in charge they made a slightly lower profit(670k)than they did in the year prior to acquisition (850k) and now SB has been forced to sell it for £3m cash (almost parr with what was paid). The Groups Bank have recently reviewed their facility, following the release of their full year numbers and trading update and have reduced it substantially.

It was sell the family silver or switch off the lights and lock the front door.

[toad6] 26/8/2011 15:02

Windjammer will point out that past performance guarantees this basket case will be good. Great ethos for investing that. Still the Inmarsat on his rowing boat is working ok!!!

[richmond9] 26/8/2011 14:23

The Board undertook the disposal because the Group is not of sufficient scale to fund the development of two divisions by acquisition and has therefore elected to concentrate the Group's management and financial resources on the growth of the Building Services division.

ACTUALLY, the Board undertook the disposal because it had run out of cash and this was the only thing they could sell of any value. The much larger Building Services Division has no specialist contracts or staff and can be built organically by anyone within the sector. It is also not profitable/not profitable enough to be of interest to anyone unlike the H&S business which made a nett 28%

WELL DONE SB

[richmond9] 26/8/2011 14:01

the good news is, were not bust! We now have some cash in the bank.

Though SB would have to go without his 20k a month salary the rate things were going

Phewww

[asparks] 26/8/2011 13:35

total value of all those 2M trades today = 40,000 quid
NOTHING!!!!!!