Media Square Share Discussion Threads

[spaceparallax] 29/3/2007 14:35

SP looking weak at the moment - probably more a result of KM falling on his sword, rather than TS. I know many people who visit this thread will be scoffing at my previous posts; ironically, despite the share price drop and more recent news, I retain a positive outlook for MSQ. I entirely understand investor baling out or being cautious about entering this arena - to that I would say look at the forecast figures. Sure, they will be revised downwards but even then the PER and PEG will remain very attractive moving forward. The Management have acknowledged that they underestimated the size of the task post Huntsworth acquisitions - we're seeing the consequences of that, albeit tempered with a positive outlook.

We must all think carefully; however, in order not to disappoint an audience, I confirm that I'm seriously looking to treble my stake - simple reasoning being that we're not subject to overburdensome financial pressures and (given recent experiences) I strongly suspect that the Management will be pursuing an organic growth strategy from here on - hence it'll be unlikely that we'll need to visit the Market with an issue (which would at these levels be highly diluting).

[bletherer] 29/3/2007 14:20

A few buys coming through and though the official price hasn't moved up yet the online limit for selling has now been moved up to match the online limit for buying, and the discount to buy is now only the same as that for selling. In other words MMs have now removed their bias towards the downside; if the buying continues the price is now "free" to rise, as it were. Looks quite likely that that 1M T-trade was the main drag in recent days.

[latifs100] 29/3/2007 13:57

six months ago they were in takeover talks.. at 17p.. wish i had waited

[dalcon01] 29/3/2007 12:49

MacKenzie selling up?

[bletherer] 29/3/2007 12:35

Aha - a 1M T-trade has shown up. It's registered as a buy but remember this will have been filling for a while, and it fits the picture of MMs looking for buyers rather than sellers of the stock, so I reckon it's a sell. Also you can suddenly sell a half-decent quantity online now for the first time in days. Will this provide some relief?

[yf23_1] 29/3/2007 11:57

I think the title has it correct - MSQ one to watch - and observe from afar which has been ultimately more rewarding.

[bletherer] 29/3/2007 11:35

In terms of Fibonacci retracement ratios this has now gone through the last one (78%), which was at around 11.5p. This means the "line of least resistance" is now the full 100% retracement, or 6p. That no longer looks such a daft idea the way things are going now. I think there must be a large sell order being filled in the background, as it's otherwise hard to explain why on minimal volume the price keeps being dropped, and why the MMs have clearly been doing everything they can to encourage people to buy.

[bletherer] 29/3/2007 09:56

Not looking good at the moment - online limits 150,000 to buy, 4,000 to sell. Even at 10p it looks like no-one is putting in a significant buy order, so this could keep drifting lower until some buyers step up to the plate. I'm considering a top-up, but not until I see some evidence that the slide is coming to an end.

[bletherer] 29/3/2007 09:14

First HHO, now MSQ.... Next time I find Kelvin has become chairman of a stock I own I will sell up quick!

[spaceparallax] 28/3/2007 15:45

Wow! He's a colourful character to say the least - a very unrewarding period of Chairmanity for him.

[bletherer] 26/3/2007 17:46

Markie - results are due in mid-June and the required close period is only 2 months prior to results, so they still have another few weeks when they're allowed to trade. So long as they're buying, not selling, I'm not too bothered anyway.

[markie7] 26/3/2007 17:04

most companies go into a closed period pre results. obv not this one.

[spaceparallax] 26/3/2007 16:27

Have only just seen that another Director bought 100K last Fri @ 10.95p.

[spaceparallax] 23/3/2007 13:57

QS9,

You're behind the times. I posted that quote from Andrew Baud, their Head of Comms - subsequently, their TS clarified that SBGFinex had indeed been sold at a loss, although no figure was disclosed. I've contacted AB/JM to seek clarification on that matter; alas, they were unwilling to reveal more.

DasG,

Wish I was JM - he seems like a thoroughly nice guy, admired by all with whom he works and he's a lot wealthier than me. Alas, I'm simply a private investor looking to secure a solid financial future. I've been in MSQ for almost three years and have communicated regularly with JM and AB and feel that I have a decent understanding of the Company and its as yet unrealised potential.

[qs9] 23/3/2007 09:56

what happened to whoever posted the "silly in most respects" response from the company? Doesn't the third bullet point in the trading statement suggest a sale has occurred at a loss??

[dasgirl] 22/3/2007 19:51

Am new here, and curious re this story. Sparallax seems close to the company. Perhaps Jeremy Middleton? If they announce mackenzie has bought 1m shares tomorrow, then I'm right!

(no big deal if true - obviously)

[pbracken] 22/3/2007 17:03

That's probably a T trade SELL, space - hence the reason for Level 2 to firm (the logic being that the protected transaction had been satisfied).

Difficult to tell, though - and either way it's history. I might look to BUY tomorrow, on the basis that short of a catastrophe, MSQ is probably being valued at its nadir.

I'm sure MacKenzie hopes so...

[spaceparallax] 22/3/2007 16:51

Nice 1M Buy around 4pm - perhaps a Director Buy to be announced.

[markie7] 21/3/2007 21:50

"In March 2007 we sold Citigate Demuth, predominately an advertising business, to
Media Square plc for the value of the net tangible assets. The disposal of
Demuth continues Huntsworth's strategy to sell non-core subsidiaries leaving the
Group to pursue its focused international public relations strategy."

from huntsworth results, today.

[markie7] 21/3/2007 21:40

interesting how huntsworth announced the sale today of a business (demuth) to mediasquare, which completed in March 2007.

no sign of an announcement from msq!

not often you learn more about one company by reading anothers announcement!

[spaceparallax] 21/3/2007 17:11

74G,

I think you did pretty well on price - whether it falls any more will be more down to institutional decisions. On the matter of recovery, I would tend to agree with Bleth - it's not likely to happen overnight, but is entirely possible over the coming weeks/months.

[74graham] 21/3/2007 14:54

i dont think so its shows a low of 10p but i got as cheap as it got this am no surprise to me if it finishes level or blue and director buy will prove my point

[bletherer] 21/3/2007 14:48

74graham - not sure it will be that quick. I don't use level 2 but the online limits and "bargain conditions" are often a good substitute indicator, and the fact you can buy up to 250,000 at 11.12 but only sell 15,000 at 11.02 at present suggests the MMs would be happy to see people take stock off their hands. Hints that there's still some downward pressure on price.

[74graham] 21/3/2007 14:40

bought first thing on the dip if you could call it that as you say a recovery to 14-15 in a matter of days and director confidence is always pleasing if he,s happy to buy thats enough for me.good luck