Management Consulting Dividends - MMC

Management Consulting Dividends - MMC

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Management Consulting Group Plc MMC London Ordinary Share GB0001979029 ORD 1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 0.23 01:00:00
Close Price Low Price High Price Open Price Previous Close
0.23 0.23
more quote information »
Industry Sector

Management Consulting MMC Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

jayminpatel1: When the share price has been pushed down so much due to potential delist and suddenly now it could not happen and unlikely to the rise is justified Look at Mtfb that was dead in the water then suddenly up over 1p and carried on to 1.5p So there is a lot more here given the company cash is 11m this is one to be buying
rathair: Maybe this deficit has been sorted when this happened ? IC "The key point is that this uncertain trading outlook is already fully priced in to the current valuation. In fact, having spent a considerable time unravelling the complex web of corporate transactions – and I hasten to add this was no mean feat – there is obvious value on offer. That’s because the company completed the $165m disposal of its retail and consumer business, Kurt Salmon, in early November and subsequently returned £75m of the proceeds to shareholders. When the circular was sent out in early October outlining the financial implications of the disposal, the sterling-US dollar exchange rate was £1:$1:33. However, by the time the deal actually completed the rate had plunged to £1:$1:23. This means that effectively Management Consulting received an extra £9.6m of cash proceeds after accounting for transaction fees, non-recurring costs and tax expenses. So, after factoring in all of the disposals made since the end of June last year, I calculate that the company’s pro-forma NAV is around £76.4m, of which net funds account for £62.3m. That cash pile is worth 12.3p a share, or double the current share price."
rathair: IC Bargain Portfolio tip for 2017 "This means that effectively Management Consulting received an extra £9.6m of cash proceeds after accounting for transaction fees, non-recurring costs and tax expenses. So, after factoring in all of the disposals made since the end of June last year, I calculate that the company’s pro-forma NAV is around £76.4m, of which net funds account for £62.3m. That cash pile is worth 12.3p a share, or double the current share price. Bearing this in mind, with the company capitalised at just £33m, over 80 per cent of the fixed assets worth £53.5m are in the price for free, albeit these include £47m of intangible assets. It wouldn’t surprise me at all if predators started sniffing around given the value on offer here. Buy." ST thinks a predator will buy them out soon.
wjccghcc: Hi spooky, Post capital return and at 5p share price the figures are mkt cap 25.6mm Net Cash 52.694mm Net Current Assets 32.448mm Net Assets 66.835mm
davdreamer: seems to be getting back on track, could we have seem the bottom of this share price
scotswhaehae: Tricky to read but it could well prove a turning point.. Sentiment is poor which is a good time to buy and although recent trading news was disappointnig it was already in the price in my view before the furher 40% share price fall! PER fundamentals etc now look absurdly cheap. Lots of gossip in recent months about breakup/deals etc When MMC moves it can move very fast Increasingly interesting at the very least?
investoree: Davidosh Apologies you are correct I have checked with the mmc website and the figure I quoted was for their 2008 dividend (doing research late at night is not a good idea as it resulted in me misreading an 8 for a 9). Had I realised that the 2009 dividend had just been paid I would probably have held fire on my purchase to see if the share price had actually fully bottomed. Still I am happy with my purchase as it was made as a long term investment not a quick trade.
davidosh: The share price has halved in two weeks. Firstly it seems the update must have leaked or been pre-empted with selling ahead and secondly the overall reaction now looks to be an oversold share price Any thoughts ?
clive1: The results were indeed excellent, however, the company is uncertain about its future prospects- see below, this probably explains the share price drop along with general market volatility. However, the very low P/E of 5.5 means I will hold for the moment. "The company said it expects to show good growth in first-half revenue but that it will continue to review whether or not the challenging economic conditions prevalent in the US will adversely affect business during the second half. Group Finance Director, Craig Smith, told Thomson Financial News in an interview that the group has about three to four months of visibility in its order book and hence cannot see into the second half of the year. He added that since 40 pct of its business is dependent on the US, MCG has to take into consideration the bleak outlook everyone is painting, although the company hasn't seen a slowdown yet."
qs9: Employ someone on half the salary and they will already have materially altered the profit a serious note, this can only IMO be positive for the share price given the extremely low rating involved here.
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