Marwyn Mgmt Share Discussion Threads

[jpjp100] 16/12/2011 07:59

let's see

the chart doesn't paint a pretty picture and MMP needs to deliver some great numbers next year to be re rated higher

without a much higher share price, its ability to make further acquisitions (on which its model is built) will be seriously hampered.

[sscrabble] 14/12/2011 12:02

so all should be well -- but the shares have halved in 6 months - at this rate they will be zero by summer !!

[jpjp100] 28/11/2011 10:36

At last the Agora deal is done!

The structure of the deal is a bit more complicated than I would have liked to see, but at least it got done - the hard work of managing the sites and starting the integration must be pretty much out of the way given that Praesepe was managing them for most of the year to date, so it could work out nicely from here.

[jpjp100] 10/11/2011 11:08

Following hard on the heels of the reintroduction of the £2 maximum stake on B3 gaming machines comes the announcement from the Gambling Minister (John Penrose) that it is his intention to reintroduce the 'Triennial review' of stakes and prizes for the UK gaming machine sector. The decision by the last Labour government to remove the Triennial review process (which had been so successful for over thirty years) was a pernicious act by an incompetent administration and one which almost closed the UK manufacturing sector down. Production fell over seven years from over 80'000 units annually to around 10'000 with a significant consequential loss of jobs. In fact a good friend of mine closed the doors of his factory only three weeks ago, a business which had employed over 200 people for nearly 25 years. So, just in the nick of time it looks as though we will see a new Triennial process and operators and manufacturers alike will be able to plan R&D, production and sales around an established three year process. Hopefully the announcement by the Minister will mean that we will see a review next year, not in three years time, but we will deal with that in due course. In the meantime there is certainly cause for celebration. Continuing on the subject of gaming machines we held our annual 'Machines Symposium' in Milton Keynes last week. Over twenty representatives of UK manufacturers and software suppliers spent the morning with our Operations and Business Development teams to discuss a wide range of issues led by our Gaming Machine Executive, Nigel Davies who gave a presentation that covered all aspects of the first 100 days of implementation of the new B3 machines. He then went on to outline the Praesepe 'wish list' for changes to not only B3 games but also Category C and D. On which subject I am also delighted to note that on the 7th November we are expecting ratification by the Gambling Commission to a raft of significant changes to the way that we can operate Category C games and although we are unlikely to see much in the way of implementation until early in 2012 nevertheless I do feel as if the Gaming Machine sector is finally starting to move up, having seemingly bumped along the bottom since 2007 when the 2005 Gambling Act was implemented. The obvious point to remember about our business in particular is that we are very operationally geared with a fixed cost base. This means that when you lose revenue, or fail to grow it, the effect is significant but of course the reverse is true and if we assume that 2012 is going to benefit not only from the continued contribution from B3 games, but now also 'new format' Category C games then we should be very optimistic as to the effect of these changes. Nick Harding November 5th 2011

[sscrabble] 09/11/2011 12:15

down we go again !!

[sonicx] 07/11/2011 09:17

Directors will never buy this pile of poop why should they when they can make a nice sum from the rest of us mugs and then move on?

[sscrabble] 12/10/2011 09:54

would be good to see a few director buys - surely they would have waded in if they had confidence !

[ukinvestor220] 05/10/2011 09:10

i am thinking that it is bored PI's dumping the new stock cos they dont understand whats happened.

[jpjp100] 30/9/2011 20:57

buses seem to be getting much more airtime and attention than gambling just now

let's hope the Praespe gang can land something (the Agora deal is still hanging about remember) sometime soon

[sscrabble] 29/9/2011 10:16

the fall is just relentless - they are at 2/3 of their issued value - has it really devalued by that amount or is this a bargain ?

[jpjp100] 25/8/2011 12:45

well, MMP is having a torrid time of it, there is no doubt about that

[ukinvestor220] 15/8/2011 16:59

ill have to contact the shysters

[plunge] 15/8/2011 14:01

ukinvestor220

I held PRA with TDW and they were converted to MMP. Fortunately I bailed out just before the recent fall. Good luck.

[ukinvestor220] 15/8/2011 13:58

so have these PRA shares been converted to MMP yet -mine at TDW arent showing as MMP.

[jpjp100] 27/7/2011 08:03

sscrabble - do you not read the RNS announcements?

When new shares are issued by a company like MMP, it is usual that the price drops. It can only recover once the market is convinced that the money raised by the new issue has been put to good use by the company.

[sscrabble] 26/7/2011 16:48

jebus - what is going on here ?

[jpjp100] 15/7/2011 10:55

So, up to 15m new shares & warrants to be issued

I would be surprised if that was for any reason other than to raise funds for praespe to make further acquisitions

[praipus] 13/7/2011 12:34

Just found RNS for 13 Jun 2011 Slater reducing below 3% last known holding 2.88%

[praipus] 13/7/2011 12:32

Anyone know if Slater is still holding here?

[jpjp100] 13/7/2011 12:04

sscrabble, the next sentence explains it further...

We will be resurfacing as part of their MMP conglomerate very shortly...

In practical terms, this has already happened for anyone that has accepted the MMP offer, they now have MMP shares. I can't think of any reason for MMP to consider delisting. In fact I expect much the opposite, for MMP to issue new shares to fund further acquisitions by its PRA subsidiary

[sscrabble] 13/7/2011 10:17

"in particular Marwyn who are in the process of taking us private."

What exactly does that mean for our shares that have converted fron PRA to MMP - are they going to 'buy-out' their shareholders and take the MMP shares off the market ?

[jpjp100] 13/7/2011 08:54

From the PRA website
At midnight last night we finally went live with the changes to the operation of B3 machines.For the avoidance of doubt this means that we can return, after four years, to the highly popular 'Section 16' prize to stake ratio of £2 stake/£500 maximum prize and I am certain that our regular players will vote with their feet and move back to playing these games in AGC and Bingo Clubs, where their levels of comfort and general customer service are so much better than alternative venues! At many of our venues we went live at midnight as we had been planning the launch of these new games for some time and had already embedded the new game software in existing machines ready for the launch. This is mainly true of 'Barcrest' and 'BluePrint' machines which are either linked on-line to central servers that make it very easy to download software, or (in the case of BluePrint) have been being delivered to our venues over the past week or so. Other machines will take longer to update, with software being delivered by engineers uploading from memory sticks or cds. Sadly some manufacturers are clearly hell bent on alienating themselves from their core markets and are asking ridiculous amounts of money for simple game upgrades. My view is that short term gain in this situation will ultimately damage their market reputation and buyers will vote with their feet in the coming months. Certainly we have said that we won't play ball and there will be at least one large manufacturer who won't see their equipment being upgraded in the Praesepe estate! But, great news all round. Its been a struggle, in fact I'm not sure what I shall be worrying about every morning now that this has been resolved, but doubtless there will soon be something else to keep us exercised!! And thanks to all our investors who kept the faith over the last three years, in particular Marwyn who are in the process of taking us private. We will be resurfacing as part of their MMP conglomerate very shortly and I have no doubt that this deregulation news will help significantly in future fund raising.... Nick Harding 12th July 2011

[divinausa1] 08/7/2011 08:52

well royal bank of Scotland thinks so

[sscrabble] 06/7/2011 09:10

anyone have any views on whether these have a future and are worth holding ?