Media Square Share Discussion Threads

[spaceparallax] 05/10/2007 18:08

Three interesting 250K trades, all @ 9.40 - perhaps another RNS imminent regarding Director Buys.

[spaceparallax] 18/9/2007 08:51

I too am still watching, but there's little to comment on.

[rcktmn] 18/9/2007 07:22

nope...just waiting for share price to improve big time!

[dalcon01] 18/9/2007 07:16

Has everyone left the building?........................

[dalcon01] 10/9/2007 19:50

And another £60k Director buy.

[dalcon01] 07/9/2007 14:19

Hope so QS9!

[qs9] 07/9/2007 13:53

OK now we may see a move back to 7ishp as not a bad vote of confidence by RP....£50k is not a bad sum to invest

[spaceparallax] 07/9/2007 13:47

Hmmm! What a cunning weasel RP appears to be.

[spaceparallax] 06/9/2007 10:10

Thanks Markie.

[markie7] 06/9/2007 10:06

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.

[spaceparallax] 06/9/2007 09:50

What was the essence of the Times article?

[qs9] 06/9/2007 07:25

buys outweigh sells, yet down to new low....it is painful hearing you Sclx! Also see article in Times, obviously still a KM vs RP "spat" going on.

[spaceparallax] 05/9/2007 12:05

Buys significantly outweigh Sells at the moment.

[spaceparallax] 05/9/2007 09:09

Why rabbits particularly?

[markie7] 05/9/2007 09:05

yep, you, your mum, a bloke in the pub and three rabbits.

[spaceparallax] 05/9/2007 08:55

Yesterday's declared volume comprised approx 4:1 Sellers:Buyers. Thus there remain people out there who feel that it's a good buy.

[bletherer] 05/9/2007 01:08

Q69 - 6p is a technical level, not a valuation level. In the unlikely event that there are actually some buyers waiting to come in, the previous all time low is a likely target price: I'm expecting we'll see at least a short term bounce from there. If it doesn't stop there then it could indeed go anywhere. And I am not claiming that MSQ has exciting prospects, just predicting that Parry will be more upbeat when he next comes to the market.

[qs9] 04/9/2007 18:46

Why should it not go to 1p? £3m equity value and then anywhere between £15-25+m debt (prelims talked of "natural level of debt" being around £20m) for an EV of around £18-28m?

TOday's announcement suggests profits are likely to be much much lower than the £4m I can see forecast for Feb 08 IMO, so lets presume post exceptionals it is a loss? Talk of permanent revenue losses is not great either.

Why should the equity stay at 6p someone please explain the rationale for that valuation????

No more from me, good luck any remaining holders but have called it short since very high teens as EV/EBIDTA ratios have not made sense for a long time...cannot see what "exciting prospects" there are either bletherer sorry mate, they sold Tangozebra remember?...am into creston instead...probably kiss of death ha ha.

[bletherer] 04/9/2007 14:39

Bit of a cheap shot to put in a company RNS that the former CEO resigned 'after a series of earnings downgrades', making it sound as if it's all his fault. Looks like Parry is deliberately painting it as black as he can now so that he can pin all the blame on his predecessors and then gain the credit for any subsequent improvement - a fairly standard new CEO trick, but one which is likely to lead to at least some share price recovery in November as he will no doubt then change the tone to talk about the exciting prospects for the company once his strategic review starts to take effect, etc. etc. Short-term, though, the question is "how low can it go?" - I would suggest at least to the previous all-time-low of 6p. Too early to buy back in, methinks, but I'm continuing to monitor.

[markie7] 04/9/2007 11:59

that scheme is OK though, it is a Short as You Earn.

[qs9] 04/9/2007 11:58

Who knows why they bought shares at 10p, but not a great use of cash IMO.....the statement about permanent losses in revenues should be a concern to any holders as is more cash outflows on exceptionals and yet another hit to morale (last SAYE scheme for employees for instance was at 18p was it not?)....

[spaceparallax] 04/9/2007 10:55

Markie,

Thanks for the concern - I am in fact wearing shark repellent spray. On the matter of selling - the time for that was a long time ago. I'm prepared to mentally write-off the investment rather than realise the remaining remnant and loss.

Talking of sharks - I don't really know Parry, but if photos are anything to go by! Bring back JM - he was a good guy who took too big a stride with the Huntsworth reverse, but he's a grafter and thoroughly decent bloke.

[slapdash] 04/9/2007 10:32

I believe this may have been tipped by the Investors Chronicle - the kiss of death...

Slapper

[markie7] 04/9/2007 10:30

blimey share price watching you go slowly underwater here is painful. I've got this vision of you clutching to the end of the sinking boat, splashing about in the ocean - all around are sharks. You are holding a gadget with a button saying "sell" on it. All you have to do is press the button, OK - you'll still be wet and have potential hypothermia, maybe a few shark bites, but you will still be ALIVE! You can call the sharks off, it isn't too late!

stop loss stop loss stop loss. no sentimentality.

I learnt these lessons the hard way as well, if it is any consolation....