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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
  -0.035p -1.82% 1.89p 1.88p 1.90p 1.90p 1.89p 1.90p 1,233,347 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 28.3 6.9 -1.4 - 28.66

Management Consulting Share Discussion Threads

Showing 1201 to 1225 of 1250 messages
Chat Pages: 50  49  48  47  46  45  44  43  42  41  40  39  Older
DateSubjectAuthorDiscuss
03/2/2017
13:02
if that is correct, then yes these WERE worth buying at 3p
spob
03/2/2017
13:00
Simon gives a "pro forma nav" here of £76.4m Does that include intangibles of £47m if it does and you subtract the 47m, that leaves a tangible NAV estimate of 29.4m or just 5.8p per share please corrrect me if wrong
spob
03/2/2017
11:20
So it's back to Alexander Proudfoot: anyone remember the late 1980's when Proudfoot was a roaring Christopher Mills' shell reverse takeover and Lord Stevens of Ludgate (as he is nowadays), chairman? Seem to recall the stock was 300p or better; quite representing the top of the market, before the October 1987 crash. Since then they have obviously gone round in circles and blown shareholder value, but some people got paid very nicely. Perennial dilemma with Proudfoot bid speculation is short revenue visibility (clients' productivity improvement projects being relatively one-off) and the assets being flighty executives.
edmondj
03/2/2017
10:40
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.
rathair
03/2/2017
08:49
Yes but is it the bargain that Simon portrays when you factor in the pension deficit ? Can't just look at cash and ignore the liabilities
spob
03/2/2017
08:27
ST Bargain Portfolio Tip
cockerhoop
03/2/2017
08:26
I'm certainly not either. I followed battlebus in here a few weeks ago.
jimmygee2
03/2/2017
08:23
Don't know but not complaining. Maybe they're going to sell Proudfoot.
wjccghcc
03/2/2017
08:22
Lordy. What's happening here?
jimmygee2
06/1/2017
12:31
Up 66% from lows. You should have bought at 3p diku...
battlebus2
18/12/2016
17:31
Ok tell me do those insiders get free share options....& if so did they get the 14p cash on those shares?...
diku
15/12/2016
18:34
Lol lucky guess.
battlebus2
15/12/2016
18:18
Somebody bailing out...39mln sold at 3p...did I not tell you 3p coming?...
diku
09/12/2016
21:48
Currently you are paying for insiders lifestyle....giving cash back is like saying we have run out of ideas...the cash we still have will be used to pay us!!!....
diku
09/12/2016
08:36
Circular with proforma b/s is here FYI hxxp://www.mcgplc.com/pdf/circular-and-notice-of-general-meeting-2016.pdf Net cur assets £32m indeed strong vs market cap £26m, but pension liability £17.6m, ongoing losses, and wind down costs of KS business to consider. I find it kind of interesting at this price but think I want to see evidence of turnaround of AP.
eezymunny
09/12/2016
07:38
Thanks WJ, just found the proforma.
spooky
09/12/2016
00:22
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
wjccghcc
08/12/2016
23:41
WJ - Your cash/market cap. figures may be right but what about the other liabilities within the business?
spooky
08/12/2016
21:32
Probably will a little later down the line when it'll be worth more.
battlebus2
08/12/2016
21:31
Why wouldn't they look for a buyer for the remaining business (or whole company) and just complete the job?
stemis
08/12/2016
12:43
Perhaps, but with Richard Griffiths now holding over 7%, I suspect it will be more difficult to splash the cash as opposed to selling up and returning it to shareholders.
wjccghcc
08/12/2016
11:35
What will they do with cash...normal process buy another company at a premium saddled with debt or problems & the merry go round starts again...
diku
08/12/2016
10:36
14.67p ex-dividend.
wjccghcc
08/12/2016
10:19
What's with the sudden drop ?
rickyvader
08/12/2016
10:15
Lol. Added at 5p. Check back in a few years when the remaining business is profitable.
battlebus2
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