Media Square Dividends - MSQ

Media Square Dividends - MSQ

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Media Square MSQ London Ordinary Share GB00B3BPTV88 ORD 10P
  Price Change Price Change % Stock Price Low Price High Price Open Price Previous Close Last Trade
0.00 0.0% 0.80 0.00 0.00 0.00 0.80 01:00:00
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Media Square MSQ Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

equitydealer007: There is a predator sniffing here and not one that i think will be good for the share price.......we shall see in the coming weeks how it pans out! but the debt situation here of 20million is not going to go away unless someone comes in here, thus i expect msq to probs get broken up further so as to reduce their debt! whom is in the market now for acquisitions??? they are listed on the AIM!! dyor...gla
rolandspike: Interesting article from Investors Chronicle. Almost positive... Media Square evolves, but tough times ahead. Nigel Bolitho 11 November 2008 The challenge at Media Square is to improve margins after reorganisation In July, as Roger Parry became the sixth chairman of Media Square in as many years, the company had 43 business units, 20 of which were losing money. Following various mergers, disposals and closures, there were just 12 major units at end-August 2008 and only one of these was making a loss. And this was due mainly to client departures (some of which were encouraged so as to close unprofitable accounts). That's a major reason why sales fell in the latest half-year. Excluding 2007's GBP12.6m of exceptional costs (mainly goodwill impairment charges), there has been a GBP1m improvement in operating profits to GBP1.66m. So is Media Square a mini-WPP? Mr Parry expects tough times ahead. Indeed he has been called an "uber-bear" in this regard. On the other hand, Media Square has more scope than some competitors to improve performance in a recession. Business unit revenues per head stand at GBP65,000, which is well below the industry average of GBP100,000. And current operating margins of six per cent compare to an industry average of 16 per cent. Like its rivals, Media Square earns a sizeable portion of its income in the run-up to Christmas. So full-year profits should exceed GBP2m. Broker Collins Stewart forecasts adjusted earnings of 2.5p. The share price factors-in fears of recession, but Media Square still has a lot of scope to improve margins internally. Fairly priced. FairlyPriced
rolandspike: Article from Management Today, 1 June 2008. Share price is on the floor and Parry's regailing us with tales of his 'pie of the day' on behalf of one his (many) other non-Media Square interests. Table Talk: Where Roger Parry eats.. Roger Parry is chairman of Media Square. I usually discuss pressing issues at breakfast, and save lunch for more relaxed 'state of the nation' stuff. I'm chairman of Shakespeare's Globe Trust, the body that funds London's Globe theatre, and the Swan at the Globe has just the hospitable atmosphere for that kind of long, laidback chat. The restaurant was refurbished last year. The two guys who now run it want to make it a destination. But it's not kitsch tourist catering, and there's not a whiff of 'Merrie Old England' and no Olde English menus. With big picture windows on three sides, you get a view of St Paul's Cathedral, the Houses of Parliament or Canary Wharf. It's on the South Bank, so people in the City sometimes think it's a difficult place to get to. Over the coming months they may have more spare time on their hands. As well as the more adventurous City types, diners are mainly visitors to the theatre and people working in Southwark. And the actors from the Globe tend to go there more now, too. The food is modern British, and their particular shtick is sourcing local ingredients. I normally go for the scallops for starters, and the fish or pie of the day. They make shepherd's pie with duck, which has gone down well. They also do good soups, an undervalued part of the menu these days. My only criticism is that it would be good to have a bigger wine selection and white tablecloths. The Swan may not be right for 'closing' meals, but it's perfect for chewing the fat. THE SWAN AT THE GLOBE Shakespeare's Globe, New Globe Walk, London SE1, 020 7928 9444, Average price: pounds 30 per head, without wine Favourite dishes: Soup pounds 6.50 Scallops, braised lentils (starter) pounds 8.50 Pie of the day pounds 12.00
knowing: free stock charts from Share price about 15p at that time
knowing: Now why would someone want to buy 15% of a company with a bombed out share price?? Interesting.
markie7: Kelvin MacKenzie, the former chairman of Media Square, has continued his offensive against Roger Parry, the chairman, as the shares fell 30 per cent yesterday after a weak trading update. Media Square, the marketing communications and services company, told investors that it expects full-year earnings to be materially below market expectations after revenue shortfalls and one-off restructuring costs. Mr MacKenzie said: "I don't have anything against Roger Parry personally, but he is the wrong man to run this company. Roger holds a number of other roles and cannot focus on a business which needs his feet to the fire for seven days a week for two years." Mr Parry, however, emphasised that he was the choice of shareholders and had been brought in on an emergency basis to solve a number of existing problems. Mr Parry added that he was devising a clear, detailed strategy for the group, which he intends to unveil on November 13. Related Links Kelvin launches media offensive Mr MacKenzie criticised Mr Parry's recent share buyback. "This was the world record worst buyback in the history of modern trading," he said. Mr Parry responded: "I don't think Kelvin MacKenzie has the faintest idea what we do . . . I have inherited this position and I've been asked to fix this company." Media Square said in a trading update that a number of its businesses had experienced poor trading over the summer, resulting in revenues that would be below expectation. The company added that it was taking appropriate action to reduce costs. The share price of Media Square, which has a market capitalisation of £20 million, fell 2.63p to 6.13p. Mr MacKenzie resigned as nonexecutive chairman of the group in March to devote more time to his media commitments. He still owns a stake of about 1 per cent in Media Square. Mr Parry is nonexecutive chairman of four companies: Johnston Press, Future, YouGov and Mobile Streams. Mr Parry was chief executive of Clear Channel International for ten years before becoming chairman. Last year, Mr Parry was named by some commentators as a possible contender for the role of ITV chief executive. The position was filled by the defection late last year of Michael Grade from the BBC to run the troubled commercial broadcaster as executive chairman.
qs9: Given poor trading why would company want to buy-back shares now?! If things worsened they will have used cash up on propping share price up, directors would be shot if they needed to do a fund raising following that....conjecture I know but you get my meaning......I am still in the "avoid" camp
dalcon01: I for one would like to know what the management are going to do to bolster the share-price........................looks very enticing to predators at the moment. Wouldn't be at all surprised to see a bid. 17p would now be a Godsend.
markie7: it ran up a long way last week - c.20%. news got out I reckon still leaves it on £5m of PBT, say £20m of debt (maybe more), and a mkt cap of £47m. It is the growth prospects for the remaining business that are crucial to the share price, and presumably there will be a pre-close statement in a couple of weeks. TZ clearly never made much profit great price for TZ though, for sure. interesting.
spaceparallax: QS9 & Markie, I post below an article from Trendwatch when they recommended buying MSQ earlier this year. Obviously, they didn't foresee the recent profit-warning and its effects upon the share price Nevertheless, the content of the article remains relevant. Have a read, see what you think - main reason for doing this is that you seem to be objective posters whose absence would be missed. "Buy Media Square at 23p Says Rob Cullum from Marketing services group Media Square was once just another cash shell in the vast dot-com ocean of a few short years ago. But in 2002, amidst the clatter of collapsing dot-coms, came news that saved the company from the same fate: its merger with Equanim, a marketing communications specialist. The driving force behind Equanim, and now the driving force behind Media Square itself, was and is one Jeremy Middleton, who became chief executive following the merger, and remains so today. Under Mr Middleton, a remarkable expansion began to unfold. Early in 2003 a bold piece of opportunism saw the corporate flag raised in both Leeds and Manchester as the company acquired three more businesses: two from a retreating French concern, and one more from Mr Middleton, all of them operating in both traditional and internet marketing services. The transactions were part-financed by a 125,000 pounds loan from Mr. Middleton, to match a similar advance by privately owned Pertemps Group, another major Media Square shareholder. The pattern of acquisitions, restructurings, closures of non-performing businesses and big pre-tax losses caused by heavy amortisation, impairment and exceptional losses continued during 2003 – when it gradually became apparent that a group of perceived quality was emerging. So much so that it had little difficulty in raising 3 million pounds at 8p per share; 2.4 million pounds from institutional investors and the rest from the board. The value of investments can go down as well as up. Investing in equities can lose you part or all of your capital. Smaller company shares can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares. is owned by, which is authorised and regulated by the FSA and can be contacted at 49 Rivington St, London EC2A 3QB or on 0207 033 9389. What was it that these mandarins heard that opened their chequebooks so readily? Well, it was probably its decision to pick up the failed undertaking of another marketing services support business – one with more than 4 million pounds sales – for just 0.5 million pounds. Furthermore, a big chunk of those sales emanated from the home shopping sector, an area of key importance to the Media Square strategy. The October 2003 full-year figures lagged behind events, but at last the company recorded a maiden profit of 0.25 million pounds pre-tax on sales of more than 8 million pounds plus 2 million pounds in the bank. In February 2004 it snapped up Leeds-based Hudson Advertising - together with its valuable home shopping and direct sales-related turnover of 2.6 million pounds. Leeds and Manchester are the primary locations in the UK for the home-shopping industry. Media Square is heavily represented in both locations. The company had by then formed a specialist division to handle home shopping. In essence, Media Square provides its customers with the ability to outsource the troublesome tasks that lie at the heart of their operations – the production of a never-ending stream of promotional material. Whether in hard copy or electronic form, Media Square offers its customers the prospect of removing the headaches and gaining a quicker time to market at a lower cost. Its weaponry is that of expertise, motivation and, for purchasing, that of scale. The first of two transformational step-changes followed. In October 2004, fellow AIM-quoted retail communications business Coutts agreed to a 150p cash bid worth 22 million pounds. About one-third of the purchase price, 7 million pounds, was clawed back through the sale of a manufacturing site. A few days later, another 3 million pounds up-front sale of Coutts' packaging subsidiary left Media Square with the juicy core that it had sought – the point-of-sale expertise and contacts – and it had 5 million pounds of freehold property on its enlarged balance sheet. A full analysis of the Standard Life New Issue + Details on all the hottest IPOs for less than 20 pounds a year! Then, in November last year, the big one – so big that, under AIM rules, it was classified as a reverse takeover. It bought the 16 marketing services businesses of fully listed Huntsworth for 63 million pounds, lifting its annual sales from 60 million pounds to 200 million pounds. The acquisition was financed by a further funding exercise of 30 million pounds at 25p per share plus a 40 million pounds debt-financing facility. Thus, in just over 5 years, Jeremy Middleton and his team had transformed Media Square from a struggling cash shell to the UK's fifth-largest quoted marketing services and communications group, servicing more than 2,500 clients and employing 1,700 people worldwide. Of course, size isn't everything. What counts is success. Fortunately, the news is reassuring. In April, it released a trading statement for what will be the 16-month period that ended in February. The integration of the acquisitions is substantially complete, and Huntsworth's lagging former subsidiaries, were delivering "swift and pleasing'" change for the better. Thanks to a strong flow of new business wins, all the constituent elements were trading in line with expectations, whilst net debt had dropped. Kelvin MacKenzie, best known for his controversial editorship of the Sun from 1981 to 1993, had by then become the non-executive chairman. The recent trend towards movement of advertising and marketing resources from 'above-the-line' (conventional advertising on TV, radio, magazines, newspapers and the internet) to a vast array of more precisely-targeted 'below the line' services is well documented. The present benign economic environment should provide the conditions necessary for growth. The risk is that client spending will probably wilt fast if consumption tails off significantly. This, coupled with the necessity to rely upon talented individuals who can and do move, and take clients with them, has made us chary about the sector in the past. But if Mr Middleton can combine the gravitas that he has established with élan at the sharp end, investors should expect to benefit. He now commands a sizeable array of differentiated but related activities, large enough to ensure a degree of stability, but small enough to respond to good leadership. The shares have remained subdued since the Huntsworth coup, the market keeping a watchful eye. The forthcoming full-year report, to be published on 20 July, will be more revealing than the actual figures – but we expect that the 2p EPS forecast for February 2007 will be met. If we're right, this would mean an earnings multiple of just over 10 times, very fair value given the range of quality businesses now under one roof, and the great opportunities for both overhead reduction and cross-selling. Back in April, when the share price was much the same as now, independent broker Bridgewell confirmed our positive view of management's strong track record. Bridgewell sees upside of 30%, which would still leave the company at a 10% discount to its peers. BUY Key Data EPIC: MSQ NMS: 15,000 Spread: 22.75p – 23.25p Market Cap: 74.8 million pounds " Regards
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