Share Name Share Symbol Market Type Share ISIN Share Description
Management Consulting Group Plc LSE:MMC London Ordinary Share GB0001979029 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.69p 1.68p 1.69p - - - 0 08:00:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 28.3 6.9 -1.4 - 26

Management Consulting Share Discussion Threads

Showing 1176 to 1200 of 1250 messages
Chat Pages: 50  49  48  47  46  45  44  43  42  41  40  39  Older
DateSubjectAuthorDiscuss
08/12/2016
10:14
Really? Net cash is £52.5mm versus mkt cap of 29mm. Assume Proudfoot loses £5mm this year and there's still a big cash cushion. Even using net current assets rather than net cash gives a surplus. I suspect if they can't turn round Proudfoot in the next 12 months, they'll be pressured to sell it and wind up the company.
wjccghcc
08/12/2016
09:46
Waiting for 3p...
diku
03/12/2016
23:47
Also joined with a few....
battlebus2
15/11/2016
09:11
16p again?...
diku
11/11/2016
16:29
Thanks, yeah missed the $8m costs - FX rate has improved since that announcement so it is more like £124.5m @ 1.26. So about 18p/share net of all liabilities. They won't pay all that out in cash. Admin costs are about £30m/year so think £10m max restructuring cost, US service industry restructuring isn't that onerous. If we also took off £15m to balance working capital (in reality they can probably run negative NWC just not as much as they had at the HY) & £15m into pension fund they could still return c15p/share and be left with a debt-free £50m+ turnover performing business after turnaround. I've bought a few now to keep on my radar with the option to add if it goes much lower.
dangersimpson2
11/11/2016
15:28
Hmmm.... "MCG is expected to receive net cash proceeds of approximately $157 million (equivalent to approximately £121 million) after the deduction of estimated transaction costs of approximately $8 million (equivalent to £6 million). There will also be non-recurring expenses and cash outflows associated with the Disposal, principally relating to share awards and employee remuneration and tax expenses arising on the Disposal. After deduction of non-recurring costs and tax expenses the net cash proceeds are expected to be approximately £116 million." Then "Following Completion, the Group will retain certain assets, obligations and liabilities of the existing Kurt Salmon business, relating principally to back office functions in the United States. Some of these are required to support the transitional services agreements in place with Wavestone (formerly Solucom) and ECG Management Consultants, the acquirers of the French and related operations and the healthcare operations of Kurt Salmon respectively, and the transitional services agreement with Accenture. Following the Disposal, and as these transitional services arrangements with acquirers fall away over time, the Group will need to make changes to the existing back office functions to reduce costs, in the United States in particular. The Group is also likely to make other changes to its cost base to reflect the reduced scale of the continuing operations of the Group following the Disposal. The Group intends to retain sufficient cash resources to support the ongoing costs of these obligations and liabilities and any related restructuring requirements following the Disposal. " So your numbers are probably too optimistic IMO but your point that a £50m t/o consulting group might be worth £50m to someone when returned to profitability (and theerfore MMC might be cheap here) is valid IMO. Not cheap enough for me yet but I'm getting more stingy every year!
eezymunny
11/11/2016
14:44
Interesting that assuming they got the $165m on completion in USD and didn't hedge this is now trading below net cash: Sale proceeds $165,000,000 FX 1.26Sale Proceeds £130,952,381 Cash £7,983,000 Debt £6,063,000 Pension Deficit £17,685,000 Payables £24,263,000 Receivables £8,462,000 NWC -£15,801,000 Other liabilities £1,258,000 Net Cash £98,128,381 Shares in Issue 507,794,065 Net Cash/Share £0.19324 So if you buy today you are getting a c£50m T/O business for free. This is probably still slightly loss-making but the other business sold for c. 1x sales so could be a c50% upside with little downside given the cash backing.
dangersimpson2
22/9/2016
22:19
Quite some uptick here today (!!!), after this morning's RNS. Any views anyone, on where we go from here. f
fillipe
13/7/2016
15:16
Breakout?...or a bid?..
diku
25/5/2016
10:07
CSG got the bid...anybody for MMC?....
diku
23/5/2016
08:35
25p anybody?...
diku
18/5/2016
23:00
Something is brewing here...
diku
13/5/2016
07:50
25p anybody?...
diku
10/5/2016
23:01
Something going on here...
diku
18/4/2016
22:19
Is this on a turnaround or a bid coming?...
diku
18/4/2016
14:15
Surprised to see the blank page here, of late - especially after the steady rise since mid-Feb onwards. Odd? f
fillipe
20/11/2015
10:11
A bit of buying today...do they know something?...
diku
23/10/2015
08:25
Nobody!...
diku
07/7/2015
09:02
20p anybody?...
diku
03/7/2015
22:50
This is slowly creeping back up...
diku
18/6/2015
09:18
Is something going on here and there?...
diku
04/6/2015
15:08
I am beginning to think insiders are not telling us something....but the news as usual have a habit of leaking by those in the know....all will be revealed in due course...
diku
04/6/2015
08:26
Is that a Director buy of 200k?...
diku
03/6/2015
22:48
Just like I said it in the previous post and down it goes!...What does the AT trades know that the joe public doesn't?...is this what they call a level playing field?...
diku
02/6/2015
23:25
If it was any other share on possible takeover talks it would go up...not MMC it would actually go down....
diku
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