Mc Mining Share Discussion Threads

[matt123d] 23/1/2008 00:52

Wynmck

Still here and presently short. It will take considerable volume to shift this in the right direction and until then my position will remain.

Even a tiny 1k sale knocked one market maker off the bid today.

[starwood] 22/1/2008 20:38

these might just have bottomed and could start a slow return.
Strikes me as being solid but as the market started the day 300 down and ended 160 up, solid could be good!

[davidwilkin] 22/1/2008 18:58

They look cheap but so does the majority of the market - 80p sees me in.

[wynmck] 22/1/2008 18:23

Cheers for posting above Starwood
"underlying trading remains robust"-the doomsters above would wait a long time for their hoped for profit warning here-lets hope they've gone elsewhere to try their luck

[starwood] 21/1/2008 09:00

Numis Corp Media 2008
We believe Motivcom is in an excellent position to consolidate the fragmented
business-to-employee subsector at attractive valuations, complementing organic
growth opportunities to create substantial shareholder value. For instance, in
August 2007, Motivcom announced the purchase of Motivation Travel
Management (MTM), a provider of incentive travel and conference facilities which
will fit well with the group's existing incentive services. We believe revenue and
cost synergies will be delivered through this transaction (NSe. c. £75/- in a full
year). Motivcom paid an initial consideration of £0.86m and a deferred
consideration of £0.64m. Based on the initial consideration, Motivcom paid an
EV/EBIT multiple of c. 8.6x. Adjusting for potential synergies, this falls to a
forecast multiple of just 5x. Similarly, in October 2007 the group acquired Zibrant,
a specialist in event management and motivation services, for an initial
consideration of £15m. We estimate that the initial consideration equates to just
0.7x forecast revenue, 7x EBIT and 11x earnings. This was followed in November
2007 by the purchase of Protravel, a specialist in travel and entertainment
motivation solutions, for £1.15m. Meanwhile, underlying trading remains robust
as reflected in strong interim results in the first half of 2007, slightly ahead of our
estimates. As a result, we slightly upgraded 2007 forecasts to reflect this positive
momentum. Revenue grew +11% to £7.01m (NSe £7.1m) and operating profit
increased +26% to £1.17m (NSe £1.1m). Most of this growth was organic,
reflecting healthy trading conditions across the business. Our positive
recommendation is underpinned by near full employment in the UK and the need
for businesses to seek alternative ways to incentivise and motivate employees,
using the types of services and products provided by Motivcom.
�� H1 2007 results: PBT rose +31% to £1.2m (NSe £1.1m), EPS grew +35% to 3.5p
(NSe 3.1p) and DPS was increased +43% to 0.5p (NSe 0.5p).
�� Motivation and Incentives: The Voucher shop continues to perform well,
contributing to a 50% growth in retail voucher revenue compared to H1 2006.
�� Incentive travel: Archer Young continues to perform well against budget and has
met management expectations for 2007.
�� Sales promotion: The promotions business, Fotoroma, achieved significant wins
in H1 2007 and strengthened relations with its major clients.
�� Valuation: Our target price of 151p equates to a 2008 PE of 13x, a premium to the
agency subsector rating of 11x. We believe this is justified by the structural growth
opportunities available to Motivcom.

[matt123d] 17/1/2008 09:04

'no profit warning so at this price they look cheap'

Most things are cheap for a reason. If there is a profit warning to surface then expect these to be trading much lower.

[starwood] 17/1/2008 08:51

this looks like panic selling based on a falling share price no announcements. The broker is dropping price just to stop selling. Very crude market control. There has been no profit warning so at this price they look cheap.
Numis annual notes are due soon and these could easily rebound back to 160 in a few months when results are out.
I'm still in and might pick some more up at this price.

[davidwilkin] 16/1/2008 20:05

scary - 80p on the cards here

[m.t.glass] 16/1/2008 15:20

somebody else again let go some stock at several pence below bid a few minutes ago :-o

[matt123d] 16/1/2008 09:52

This is in serious trouble when a sale of 500 shares moves the bid down over 2% and a sale of £3k worth is dumped at 7% below bid!

[m.t.glass] 16/1/2008 09:18

Tumbling again. Back below where it was two years ago now and still dropping..

[matt123d] 14/1/2008 18:09

The market makers obviously don't want to take these at all, paid 96p for 653 shares then immediately offer them back to the market at what they paid! Certainly couldn't be a worse sign than that.

[m.t.glass] 14/1/2008 09:16

And losing now if they did..

[wynmck] 08/1/2008 17:13

all Buys today-some PI's getting in on the cheap

[m.t.glass] 07/1/2008 10:37

Whereas in the current scary market, a single 500 sell is enough to knock it down a point

[matt123d] 21/12/2007 15:24

A couple of buyers about today. 5k at 100p only moves WINS 1 tick!

[matt123d] 20/12/2007 15:25

Interesting, not sure what those 9711 at 98p are. Price hasn't moved anyway, could be delayed.

[m.t.glass] 20/12/2007 14:52

The company could have put out a reassuring comment, about not knowing of any reason for the very sharp fall if there is no known reason. Not that they are obliged to of course.

They specialise in motivation - but aren't exactly motivating investors

[m.t.glass] 20/12/2007 14:50

One or two knifecatching bottomfishers will doubtless step forward and buy below a quid. But others will surely throw in the towel if they haven't already.

[m.t.glass] 20/12/2007 14:50

And now under a quid.

[matt123d] 20/12/2007 14:49

This is looking worse and worse. The most the MM would offer for 1000 shares was 91p, 7% below the bid at the time.

I certainly wouldn't be buying now if you can't even sell the things once you've got them!

Maybe some bad news is due to come out.

[starwood] 20/12/2007 08:22

There has been no suggestion of a profits warning, but also no forecast from the brokers for 2008 which will come in Jan.dw could be right. It's time to buy.

[cgequityinvest] 19/12/2007 23:05

I bought in at circa £1.20 and still have a good regard for the company. Because of the general malaise in smaller company sentiment I called my borker and tried to sell 50% of my holding last week. The mid price was from memory then 124p - I was trying to sell 7000 shares. I was quoted £1.10 as a guide price to sell my 7000 shares - I declined. Since then the share price has declined on tiny volume and to my mind shows the concern of market makers getting caught with stock in what is n illiquid market and the poor sentiment for smaller company shares at present.

Nothing I have heard suggests the company is about to issue a profit warning or is struggling. Yes, - they paid a high price for the recent acquisition but it is supposed to be earnings enhancing. Interesting times when a share price can decline circa 30% on little or no volume.


they

[davidwilkin] 19/12/2007 19:03

This is profit warning territory i'm too scared to buy but any more weakness and i will. a bit contradictory but looking cheap P.E wise.