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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Media And Income Trust Plc | LSE:MEI | London | Ordinary Share | GB0009216283 | ORD 2.5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.01 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.01 | GBX |
Media And Income (MEI) Share Charts1 Year Media And Income Chart |
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1 Month Media And Income Chart |
Intraday Media And Income Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/1/2025 | 22:47 | Meteoric Resources (ASX) | 5 |
| 25/7/2002 | 00:56 | Media & Inc (MEI) | 156 |
| 19/3/2002 | 19:41 | IS THERE ANY HOPE WITH STOCK???????? | 4 |
| 02/3/2002 | 11:33 | Is there any hope? | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 26/1/2025 22:42 by stu31 Exceptional drill results adjacent to the Capão do Mel Starter PitMeteoric Resources NL (ASX: MEI) (Meteoric or the Company) is pleased to provide an update on a drilling program undertaken at the Barra do Pacu license (Figure 1) on its 100%-owned Caldeira Rare Earth Ionic Clay Project, (the Caldeira Project or the Project) in the state of Minas Gerais, Brazil. Highlights • Exceptional ionic clay REE grades (up to 8,000ppm TREO material) immediately south of the Capão do Mel starter pit and proposed REE extraction plant • Drilled 6,538m for 224 holes with outstanding intercepts including: ▪ BDPAC0171 - 37m @ 7,998ppm TREO [0m] ▪ BDPAC0178 - 34m @ 6,862ppm TREO [0m] ▪ BDPAC0164 - 31m @ 5,791ppm TREO [0m] ▪ BDPAC0001 - 37m @ 5,591ppm TREO [0m] ▪ BDPAC0169 - 38m @ 4,981ppm TREO [0m] ▪ BDPAC0111 - 46m @ 4,920ppm TREO [0m] ▪ BDPAC0010 - 48m @ 4,858ppm TREO [2m] ▪ BDPAC0009 - 45m @ 4,682ppm TREO [0m] ▪ BDPAC0007 - 50m @ 4,540ppm TREO [0m] • Mineralisation averages 27m thickness over of the entire License (2km by 4km) from surface • Supports expanded low-cost mining and processing operations at grades >4,000ppm TREO for at least 10 years • Provides greater optionality for future project expansion Meteoric’s Managing Director, Stuart Gale, said: “The exploration and drilling teams continue to identify additional high-grade areas across the Caldeira Project. This work supports our capacity to feed highgrade ore in excess of 4,000ppm TREO to the processing facility for significantly longer periods, further enhancing the economics of the Caldeira Project. It’s important to remember that we have still only infill drilled seven of the 69 licenses available at the Project and continued identification of high-grade mineralisation creates greater optionality for the potential expansion of the Project, at the right time, to support the sustainable supply of rare earth materials to the western world.” Barra do Pacu Aircore follow-up drilling program An Aircore (AC) drilling campaign of 6,538m (224 holes) was completed over Barra do Pacu (BDP) in August and October of 2024 (Appendix 1 & Figures 1 & 2). The program was designed to follow up excellent results in discovery hole BDPDD0002 (31m @ 5,727ppm TREO [0m]), and test for extensions of high-grade REE mineralisation to the south of the proposed Capão do Mel (CDM) starter Pit, delineated in the Scoping Study and Preliminary Environmental Application (Figure 2). Drill spacing was 100m x 100m immediately south of the CDM starter pit and around discovery hole BDPDD002, stepping out to 400m x 400m away from known mineralisation to ensure total coverage of the license. The Clay Zone at Barra do Pacu, which is the target of economic mineralisation across the Caldeira, averages 27m depth and is mineralised from the surface. All holes intersected mineralisation >1,000ppm TREO with an average grade and thicknesses across the deposit of 26.2m @ 2,867ppm TREO (Appendix 2). Best results include: • BDPAC0171 - 37m @ 7,998ppm TREO [0m] • BDPAC0178 - 34m @ 6,862ppm TREO [0m] • BDPAC0172 - 29m @ 6,484ppm TREO [0m] • BDPAC0139 - 11m @ 6,181ppm TREO [0m] • BDPAC0164 - 31m @ 5,791ppm TREO [0m] • BDPAC0001 - 37m @ 5,591ppm TREO [0m] • BDPAC0175 - 21m @ 5,450ppm TREO [0m] • BDPAC0166 - 20m @ 5,202ppm TREO [0m] • BDPAC0061 - 12m @ 5,024ppm TREO [0m] • BDPAC0169 - 38m @ 4,981ppm TREO [0m] • BDPAC0111 - 46m @ 4,920ppm TREO [0m] • BDPAC0010 - 48m @ 4,858ppm TREO [2m] • BDPAC0130 - 20m @ 4,722ppm TREO [0m] • BDPAC0009 - 45m @ 4,682ppm TREO [0m] • BDPAC0019 - 12m @ 4,631ppm TREO [4m] • BDPAC0025 - 27m @ 4,628ppm TREO [0m] • BDPAC0176 - 40m @ 4,585ppm TREO [0m] • BDPAC0081 - 25m @ 4,580ppm TREO [0m] • BDPAC0007 - 50m @ 4,540ppm TREO [0m] • BDPAC0021 - 25m @ 4,500ppm TREO [0m] The 100m x 100m drill mesh in the north of BDP confirms that high-grade mineralisation from the CDM Starter Pit extends immediately south into BDP. Encouragingly, results from the northern area adjacent to the CDM starter pit confirm a significant area of high-grade mineralisation (>4,000ppm TREO) contiguous with the CDM Starter Pit. This provides additional flexibility and supports the current strategy to maintain head grades >4,000ppm TREO for greater than 10 years from initial production, subsequent to requisite mining and environmental approvals in the future. The BDP discovery will not be included in the mine plan for the upcoming Pre-Feasibility Study and represents further upside which could be captured in the Caldeira Project Definitive Feasibility Study. The Caldeira Project At a 1,000 ppm TREO cut-off grade, the overall Caldeira Project Mineral Resource Estimate (MRE) currently sits at 740Mt at 2,572ppm TREO, including MREO grades of 595ppm which comprise 23.1% of the TREO basket. Measured and Indicated Resources make up 308Mt at 2,864ppm TREO and 629ppm MREO, for a MREO/TREO ratio of 22.0% (refer to Table 1). The MRE does not currently include the drilling results from BDP or from the program in the Northern areas. |
Posted at 18/6/2002 19:17 by redsonning The trust finally appears to have reached the point where the only party currently having any concern in the affairs is the bank! All classes of share, including Zeros (MEDZ) are now being quoted at zero net asset value.This gives a new, albeit unintended meaning, to the term "Zeros" !!! |
Posted at 22/3/2002 12:23 by redsonning bsg - I see we discussed some time ago (see numbers 36 and 37 above)Q) What are the three types of shares in this fund, i.e what are zps - thanks. A) The zero preference shares (zps) have capital entitlement and predetermined growth (if enough assets are there) but receive no income. The income shares receive dividends as detailed in the original listing. The Ords get dividends and the capital growth if there is any after all other classes of share have been paid their prior entitlements on wind-up of the trust. Basically each class of share has it's various entitlements and characteristics as described above, and this is the very essence of splits, in that the different classes have different rights. The zeros have a predetermined (theoretical) rate of asset accrual, but of course real assets have to be there at wind up to pay them off. If there are assets left over after paying the zeros, then the income shares get the next slice. After them come the Ords. At present there is under 30p per zero available in real assets, so even the zeros are well off getting their money back. The Incs are out of the money, as of course are the Ords. The trust can't pay dividends because it has breached it's bank covenants and fails the companies act test section 265 which requires it to have assets 50% higher than liabilities. Hope this helps a bit - if you want to understand it further ring up the AITC (Association of Investment Trust Companies) and ask them to send you some of their free blurb on splits. |
Posted at 20/3/2002 12:32 by rk23 ok people, I have 75'000 MEI shares which cost me £1900, should I cash in and get back 375 based on the bid cost of (0.5p) or should I wait for a climb if its ever going ot happen!Is it likley that these shares can make any form of a recovery, all views & opinions welcome |
Posted at 11/3/2002 15:42 by redsonning FAS and FJV are basically straightforward Asian and Japan trusts respectively. Their performance will have no direct bearing on MEI.The GMM news is now released. The trust has received elections for redemption on just under 77% of the zeros. This makes life somewhat difficult, and the statement from the board is rather cautious about commiting itself to what will happen. The ongoing viability of the trust will be examined over the next few weeks, with some sort of announcement expected around the end of April. Clearly GMM will be required to bring down it's loans, which means it will need to generate cash beyong the £87.5m required to repay the zeros. Remains very speculative indeed - however the price is looking extremely low now..... |
Posted at 02/3/2002 23:04 by redsonning I don't believe there is any realistic prospect of a 2p move up in the price next week. You might get 1.5p Bid for the shares, or if it's a very good week for the market maybe even slightly better. I think that anything more is out of the question at present.Over the next few weeks there is some chance that the Bid might be slightly better if the US and main markets continue to rise significantly, since this will bring in more speculators on MEI. However the hard fact is that in reality these shares are very far away from having any intrinsic value. |
Posted at 01/3/2002 21:39 by rk23 Hi everybody, on Wednesday I bought 75,000 MEI ORD shares at 2.5p, I normally buy and sell within 2-3 day, cashing in on small profits, I bought without doing any research as the shares had fallen by a large percentage, Can somebody please give me some information as to whether there are ant dividnets payment to come, and is it likely that the shares will go up, are they worth holding on to, does any one have a realistic idea what the price may be with end of march, or april and finally does any one think that Ive madea huge mistake purchasing these shares, all views and comments welcomed, Thank |
Posted at 21/1/2002 15:51 by redsonning Sage, Your instict is understandable but if you look back you will see that MEI already did this back in May 2001 when it first needed new funds. And this is part of the problem.... because MEI was one of the first trusts, during the severe falls last year, to raise new funds, it unfortunately found that the new investments which it made continued to lose value thus leaving it in the position it is now in. Funds which have restructured later in the year have fared rather better.So far as the holdings are concerned, no doubt the fund manager would believe that she has the balance about right; there is also the constraining factor of trying to continue to generate the income which the trust needs in order to feed the Prefs Incs and the Ords with Divs. Regarding the Institutional shareholders, this sort of spread is not particularly unusual in the Split Caps business. The institutions have a number of other important trusts which they are still trying to restructure before this one gets any further funds. Meanwhile everyone must hope and rely on a significant upward movement in the underlying assets to perform something of a rescue. |
Posted at 05/12/2001 10:34 by redsonning I suspect you won't see much reaction in MEI. As you said before the MEI price is mostly driven by trades at present. The underlying asset values have not improved to any great extent, and the bank debt is huge. The big question for MEI is what happens to the next divi - announcement on the divi should normally be due towards the end of this month. |
Posted at 27/11/2001 18:00 by novision For those who can't be bothered - here's a summary - prices are today's not necessarily what MEI dealt at.MEI Sold 3,370,000 INVESTEC EUROPEAN GROWTH AND INCOME TRUST LIMITED @80p Sold 1,550,000 NEW FULCRUM INVESTMENT TRUST PLC @ 61p Sold 1,000,000 Pavilion Geared Recovery Trust PLC @ 81p Bought 2,000,000 US Growth & Income Fund Ltd @ 63p So more selling than buying. ----------- redsonning - you seem to know quite a bit about this, so here's a question for you - as I know nothing about the technicalities of ITs. (From the banking RNS on 31/10) MEI has agreed with its bankers an extension to its banking arrangements whereby cash balances may be deducted when calculating qualifying assets and total borrowings. This arrangement, which assists the Company in complying with its banking covenants by managing its liquidity, has been agreed to apply until 17 December 2001 and as at 30 October 2001, the ratio of bank indebtedness to total qualifying assets amounted to 56.75 per cent. against a maximum permissible level of 61 per cent. As at 30 October 2001, cash represented approximately 23.7 per cent. of total assets. So using rough & ready approx figures: Total Assets 100% of which cash is 23% so Investments 77% Bank Debt 57% of Total Assets(Maximum permitted 61% - excl.cash) Bank debt % of Investments 57/77 = 74% = the problem and why cash is being added back for the moment. So the Investments need to grow by a minimum 21% to approx 93% to maintain the 61% limit. Pref NAV was 9.88p on 31/10, the week before it was 36.21p. So 20% on 36.21p would imply a NAV target of say 44p - last notified NAV was around 69p So firstly, is my understanding of the problem you perceive correct? ... and secondly is the NAV target an appropriate monitoring tool or is there some other measure which is more useful? ...and thirdly I presume the remedy for the bank is to ask MEI for its money back which means MEI has to sell investments, etc until there is a much smaller pot left and lower divs etc ..... N (apologies for the length of this post, and if I'm boring you all, and for any error in the maths) |
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