Management Consulting Share Discussion Threads

[welsheagle] 20/2/2008 07:13

Directorate Changes




RNS Number:3469O
Management Consulting Group PLC
20 February 2008


Management Consulting Group PLC

Directorate Changes


Management Consulting Group PLC ("the Group" ) announces that Dr Rolf Stomberg
and Mr Kevin Parry have resigned as Chairman and Group Chief Executive
respectively, with immediate effect.

Alan Barber, currently a non-executive director and chairman of the audit
committee, has been appointed Executive Chairman with immediate effect.

The Board also announces that Mr Craig Smith has tendered his resignation as
Group Finance Director. He will remain on the Board and continue to discharge
his duties as Group Finance Director until 19 August 2008 or earlier if agreed.

Going forward, the Board will appoint a new Chief Executive and will, in
conjunction with the executive management, review the Group strategy and the
ongoing Board composition.

The General Meeting convened for Monday 25 February 2008 will take place but, in
the light of the resignation of Mr Parry, will have no substantive business to
consider.

The Board would like to thank Dr Stomberg and Mr Parry for their considerable
commitment to the Group. They leave a Group which has a strong platform for
continued organic growth, and revenue and cost synergies

[reeltime] 18/2/2008 21:50

Not looking good for K.P.

[davidosh] 13/2/2008 21:47

One of the directors may not be around much longer though....notice received for General meeting next week to remove Kevin Parry !?

Anyone going to attend ?

[welsheagle] 13/2/2008 20:58

From February's 'Company Refs', when price was 28.5p:-
a/ Prospective PE ratio of 4.30 (based on three broker forecasts, all recommending 'buy').
b/ Forecast growth in eps of 13.9%.
c/ Net asset value per share of 41.4p.
d/ Dividend yield of 4.24%.
e/ Turnover up from £107m to £147m in last five years.
f/ Price to sales ratio of 0.41.
g/ Three directors buying recently.

[gokelstone] 05/2/2008 08:16

mmc are building quite a decent turnover/ profit in comparison to recent times but how much debt/ forward earnings payments are being taken on in order to finance these acquisitions??

[qs9] 03/2/2008 08:34

hopefully the shareholder action by institutions can shake this thing up.....shocking SP

[welsheagle] 02/2/2008 19:48

It was meant as a sarcastic comment on the low sp, considering the eps.
The historical average PE ratio for the whole market is around 15, so a PE of 6 is low.

[qs9] 01/2/2008 20:10

high? why?

[welsheagle] 22/1/2008 21:07

A PE of 6 must be considered high???

[deadly] 22/1/2008 10:46

Not a bad statement. Revenue up strongly, but EPS only by a modicum. The shares are cheap and the dollar has strengthened since these results.

[reeltime] 21/1/2008 10:07

TRADING ANNOUNCEMENTS Management Consulting Group 22/01/08

[qs9] 19/1/2008 13:32

Isn't trading update due next week? If CEO under pressure externally, he needs to put in a bullish update IMO if he is to survive the pressure! Lets see.

[reeltime] 15/1/2008 11:57

It looks like Gartmore Investment Limited are increasing the pressure on
Mr Parry's shoulders.

[charlie] 14/1/2008 10:00

Is the stated reason the real reason?? Seems just a difference of opinion on a specific deal. There are many cases where shareholders have doubts about particular deals, but they don't usually call an EGM in response. Changing the management is not going to undo or reverse the deal.

[charlie] 14/1/2008 09:57

January 12, 2008
Snapped up and consolidated is the aim
Small caps
Management Consulting, the group that aims to snap up and consolidate global management advisory firms, edged up ½p to 35½p on hopes that a shareholder rebellion would oust its chief executive Kevin Parry.
After the close on Thursday the company revealed it had received notice from shareholders led by Gartmore Investments, with 12.5 per cent, requisitioning a meeting to remove Mr Parry. The rebels believe he overpaid for KSA, an American company acquired in October, and the shares have fallen from 51p since the deal.

[qs9] 12/1/2008 19:40

any other holders?

[qs9] 11/1/2008 16:23

More action since EGM called....fascinating....

[qs9] 10/1/2008 18:11

Fascinating one and market reaction is fascinating near close of play, marked up 5%....lets see what happens tomorrow, but looks undervalued IMO and maybe Gartmore are fed up with the underperformance?

For a company with £60m market cap, CEO taking our £1m last year (post above) seems very high! IMO of course.

[charlie] 10/1/2008 16:43

Blimey what's all that about? Parry has been CEO since 1999. Total remuneration £1.013m last year.

According to the accounts (2006, p3) it is the aim that 20% of share capital is held by employees, although unclear to what extent this is fulfilled as of now. But presumably a decent wedge of employee ownership. So if Gartmore want to change the captain, they may have to get the crew to join the mutiny.

??? Don't think Gartmore have much record of this sort of action. Must be a very special case?

[scotswhaehae] 10/1/2008 16:27

Fascinating news re the EGM !

[welsheagle] 07/1/2008 20:05

RNS Number:1839L Management Consulting Group PLC 07 January 2008


Management Consulting Group PLC ("the Company")



Director's Shareholding


The Company today announces that Mr Kevin Parry, the Chief Executive of the Company, on 4 January 2008 acquired 225,000 ordinary shares of 25 pence each ("Ordinary Shares") at a price of 34.25 pence per Ordinary Share.

Following the acquisition of these ordinary shares, Mr Parry will be beneficially interested in 1,509,915 Ordinary Shares representing 0.46 per cent. of the issued share capital of the Company.

[scotswhaehae] 07/1/2008 11:56

Quite a decent Director purchase...

[qs9] 05/12/2007 20:20

Falling pound...great news for these guys, directors buying...great....hopefully interest cut as well....either way, nice IMO to see these bounce from what IMO is a way oversold position.

[qs9] 03/12/2007 19:51

Nice to see Gartmore increasing stake....after hours RNS>...

[scotswhaehae] 03/12/2007 12:56

45p is a decent initial target imo...

So far so good!