Matisse Share Discussion Threads

[masurenguy] 24/5/2007 12:05

Woody - looks like a few bored PI's selling. No newsflow = no good or bad data !

Problem is that there is no information upon which to form any qualified view. Extrapolations are just extrapolations at the end of the day. Sales could have doubled or declined in H2 - we just don't know. I like the sub sector and the product range which I feel has good potential. However this does not mean that management can't screw it up !

These early stage companies listing on AIM need to understand the importance of newsflow and timely announcements of current performance. Without that their shares become just a speculative punt and invariably they start to fall in value until people have some sound information to motivate them to buy !

[woodcutter] 24/5/2007 11:49

mas

interesting to see you here

I sold all my rgo shares after yesterdays results for a tidy profit and now have some reasonable size funds to invest so I have had a quick look this and conclude the following from their first day of trading prospectus:

pat 6 mths 30th june 2006 439K Euro aprox £307K
assume similar for end of year gives £600K as suggested by others
shares in issue just over 10m
aprox 6p eps
price today 76 mid
per 12/13

looks inexpensive to me

only concern is the extent of trading in middle east and africa always wary of these regions particularly on receiving payment. Also fair bit of competition too, need to look more closely at competitors turnover and profits.

I know your a good researcher so if you have already done this please let me know.

Anyone know why the price has dropped the propectus seemed quite bullish on the future.


woody

[don muang] 22/5/2007 17:47

interesting company .... share price graph pretty intersting as well ..... it was supposed to go t'other way i.e. up !!!

[jailbird] 22/5/2007 09:47

PAT of £600K on £8m sales, i would be happy with that..mkt cap currently
1 x sales and like you no debt.

thanks.

[masurenguy] 22/5/2007 09:42

Well all we have to go on is last years H1 which showed a PAT of £300K on £4m sales. Conservatively doubling that for the full year (hopefully H2 would have shown growth on H1) produces a PAT of £600K on £8m sales. That puts them on an historic PE of around 15 and they are also debt free.

We need to see full year 2006 results and get some guidance/forecasts for 2007. Current share price does not look expensive on the pro forma historic equation but I think that we need to see a little bit more meat on the bone in order to get a better forward perspective.

Share price has declined by around 15% over the past few days on an overall volume of around just 54,000. Without any newsflow small trades will sharply impact the share price.

[jailbird] 22/5/2007 09:29

yep it needs something...is this cheap on current growth prospects masure?

with s little shares in circ, small volume will move this very quickly.

[masurenguy] 22/5/2007 09:20

The company needs to instigate some newsflow here. Perhaps appointing a UK PR Agency could be a start.

[jailbird] 22/5/2007 09:03

this has made 5.89euro or £4M in the 1st half and shown growth in both revenues and profits since 2004 and i'm expecting an increast for the full year again..but take worst case scenerio and makes the same as last year...

i.e £6M revenuesand approx 100k profit

then 8M mkt cap is till way too cheap.

[mr.oz] 28/4/2007 10:29

But don't let "him" know you said that MG ... lol ...On my watchlist too ....

[stephanie_m] 28/4/2007 10:25

OT/
Quite happy to let the LED investment run for a few years along with GOO & TOM & SIT.

The Matica interview was quite interesting. Will research this further.
SM

[masurenguy] 28/4/2007 09:20

Well spotted Stephanie.
Matica Chairmans investment pitch is based upon the following three factors:

1. The company is already trading profitably - he mentioned returns running at 12% of sales
(true for H1 in 2006 but the full year profit in 2005 was just over 6% - still pretty good
for a comparatively early stage company).

2. The company has no debt (this months IPO took care of that).

3. Currently a niche market which has shown a consistent 10%/12% growth a year for the past 5 years.

They are essentially a hardware manufacturer with a broad range of models covering a wide spectrum
of volume applications. Their expertise is embedding personalised data onto cards (see the range on
their website). The market is global with 4/5 other competitors but he did not identify them.

Very interesting but still on my watchlist at this time.

NB: Glad to see that there has finally been some positive news on LED. Hope that you recoup
your investment and maybe even get a good return in due course.

[stephanie_m] 28/4/2007 08:23

Interview with the CEO at the above link.

SM

[masurenguy] 18/4/2007 21:32

Good start to their new listing on AIM - first major contract win today.
This is equivalent to nearly half of their Euro4.5m sales in H2 last year.
..........................................................................

Matica Plc - Contract Wins
18 April 2007 For Immediate Release

Matica PLC is pleased to announce that it has won orders for several hundred
card personalisation machines to be installed in local bank branches in Greece,
Spain, Poland, Ukraine, Kuwait and Iran. The total value of these orders, which
will be fulfilled during 2007, is approximately Euro2 million.

Matica is a market leader in the production of card personalisation machines for
the Banking sector. A number of banks are switching to issuing their cards,
including chip and pin cards, on the spot at local bank branches. The cards can
then be used immediately, improving service to bank customers and eliminating
the security risk involved in sending cards through the post.

-Ends-

[don muang] 18/4/2007 08:52

and security for banks is certainly a growing business .....

Not directly related to MAT ... but an example of how banks are stepping up security for customers transactions....

(Barclays Bank is handing out handheld chip-and-pin card readers as part of a new online security initiative).

[rafas_reds] 18/4/2007 08:45

2m euros contract win not to be sniffed at, admission document on their website

[don muang] 18/4/2007 08:15

An interesting specialist company that floated recently. In a 'sub-sector' that'll continue to grow.

Matica is a market leader in the production of card personalisation machines for
the Banking sector. A number of banks are switching to issuing their cards,
including chip and pin cards, on the spot at local bank branches. The cards can
then be used immediately, improving service to bank customers and eliminating
the security risk involved in sending cards through the post.

Today (18th April) it announced it's first contract orders since floating.

Company Home Page at

[dennyinv] 13/10/2006 08:43

Who's your source Dussy?And is that a fact?

[Abuse team] 03/10/2006 07:41

Post removed by ADVFN

[dennyinv] 29/8/2006 13:42

the fat lady is clearing her throat.

[seypaddison] 13/8/2006 21:38

Sounds good to me!

[chrisbrains] 13/8/2006 20:08

I believe since suspension on April 3rd, we must here before end of September abot a reverse takeover otherwise we are dead ducks,heres hoping for 2p plus

[lord santafe] 23/9/2005 19:37

I wish I had that money early, damn.

[lord santafe] 20/9/2005 11:33

for the long term MEQ and MAT are both as good as eachother. Maybe MAT may do a deal before MEQ, since for a long time MAT have been on about a deal, and it is said to be an excellent one, if you look back on this thread.

I only wish I had the money to buy into MAT to go with my new collection of under 500K portfolio that I am starting for the long term.