Media Square Share Discussion Threads

[monis] 17/10/2006 08:52

rcktmn- My guess is that there will be one more offer.

[addas99] 17/10/2006 08:50

Debt is not the problem, this is at a well managed level and not a worry.
The recent concerns centre on the costs of integration and the effect this has had on the groups underlying profit margins, and the corrective actions required.
I'd be surprised if there wasn't a follow up bid but more surprised if MSQ accept, unless exceptional (£60M?)

Edit: wouldn't mind seeing a bit of stake building though just to whet a few appetites!

[rcktmn] 17/10/2006 08:41

I think, having got this far, and with the potential, that they'll develop the business themselves (imo).....now the rns is out of the way...can we have the share price back at 23p+ please !

[monis] 17/10/2006 08:37

Do people think that the prospective buyers will come back with a better offer to eventually be accepted or will MSQ develop the booming businesses themselves?

[markie7] 17/10/2006 08:25

quite, remember the debt.

[spooky] 17/10/2006 08:22

No it suggests part of the company is undervalued at these levels.

[monis] 17/10/2006 08:15

Very positive RNS. Immediately suggests that the company is undervalued at these levels.

[addas99] 17/10/2006 07:11

Hardly surprising interest coming in from interested parties...relieved MSQ has sent them packing.

[dalcon01] 17/10/2006 07:05

Do you think somebody knows more than we do?

[markie7] 13/10/2006 19:32

what else are you following closely spaceparallax?

[spaceparallax] 13/10/2006 17:55

Bizarre - an all Blue day and still the share price drops 0.25p. One can only presume that we're seeing the exit of a major. Regulars here will be aware of my opinion of MSQ's prospects - what can I say, an absolute bargain at this SP?

[username] 04/10/2006 20:42

Looking at the statement in mid summer reflecting the acquisition MSG it was noticeable that the CEO statement mentioned challenges within the acquisition "not of their making" - ie they were picking up quite a troubled business.At the time that comment looked defensive if not indeed an acceptance that much work was required to consolidate and sort.MSQ has never really consolidated (aside from head office etc) and is still a bsket of individual companies.Having sold at 22p in late summer (for no real reason other than a discomfort over the wording re the acquisition) it looks undervalued now and I suspect they will be taken over as the faith will be lost in the current shareholder base. An 18p value in 6 months at best

Charles E Vian

[spooky] 04/10/2006 17:25

spaceparallax - 'I feel that their reporting tends to be very reasonable and would err on the side of openness,'

You have got to be joking,they have misled analysts and investors.If they had told you what was really going on i'm sure you would have sold the shares long ago.I haven't got a clue where the shares are going and i admire your patience,but management have not helped you here.Good luck.

[spaceparallax] 04/10/2006 15:19

I am amazed at the recent share price fall i.e. C23p to C13p and feel that there has been an overreaction by the Market. I can understand concerns over the forthcoming figures, especially given the use of the term 'significant shortfall' in the recent TS. However, the word 'significant' could cover a large range possibly as little as 10% upto as much as 50% perhaps. Having invested in MSQ for quite a while, I feel that their reporting tends to be very reasonable and would err on the side of openness, seeking not to deceive the Market. Given that the share price was undergoing a steady recovery until recently, with prospects of 30p, the drop represents almost 50% discount - I would be very surprised should the shortfall be that large. On the basis of a 50% shortfall cf the forecast Feb 07 figure of EPS 1.6p, an EPS 0.8p gives a PER 16, which for the tremendous growth potential of the Company is fine by me.

For those reasons, I've been happy to accumulate recently at 18p and today at 13.4p - I see MSQ as a sound medium to long term investment aned will continue to do so until hard figures persuade me otherwise.

To those who've cut their losses, good luck to you.

[chap1889] 04/10/2006 13:37

I certainly did go back in - ignored the claxon - and came out nearly £600 poorer. Don't think I've said anything else? What I'm posting is why I got out ASAP and am not chasing this price down further. Had I stayed in, today I would be a few £thousand poorer instead of using the capital elsewhere.

[deanroberthunt] 02/10/2006 07:52

I also believe at this level they are a BID target......and why not, cash generative, operating 3p under NAV.......nice little earner for an entrepeneur that has proven track record of squeezing maximum margins out of companies.......could get this for next to nowt and be looking at 10-15m+ profits in 12 months or so.....the current Directors have done a good job of bringing in decent sales and revenue, maybe someone else could do a similar job with profit!

I'm in for some more........

[peteh1] 01/10/2006 21:44

When results come out they may not be as bad as we fear.We know that they are not going to be great but they may be better than we at present consider.With a good forward looking statement and losses only a temporary setback we may be back up very quickly indeed.We all know that the market over does it in both directions.This time it has oversold these.

[addas99] 29/9/2006 18:51

Get a grip on reality...MSQ owns some very valuable, highly cash generative businesses with their intl. ops and on line groups forging ahead. Their home grown marktg comms and services groups have seen greatest impact from rationalisation of brands and businesses which has led to management straying from strict cost control, and with it overall profitability.
A blip, an embarrassment, a lesson learned....what young company doesn't make mistakes through over-ambition...this will be rectified over the course of next year imo and they'll emerge as a sector leader. Just will take a little longer than some thought, or hoped.

[bletherer] 29/9/2006 18:35

Space - I did warn you about that topping up, didn't I? AIM company + significant unexplained selling = 90% probability of profit warning. I take no pleasure in being right as I myself held on, as usual, in the hope that this was one of the 10%. But I have at least given up buying these "too good to be true" drops.

[ntv] 29/9/2006 18:13

yes might issue 4 pw's then go bust
these businesses could drain cash fast

[spaceparallax] 29/9/2006 12:38

Dean,

Presumably you'd admit that there are exceptions to every rule?