Media Square Share Discussion Threads

[qs9] 30/10/2009 12:12

first movement for ages, be interesting to see if it can be sustained through 20p

[21simthy] 30/10/2009 10:13

Dont think it matters, the price will start to move sharply, if
a 11k buy pays 16p on a 12.5-15.5p spread then it's going to keep
moving !

Very very generous Libc who sold those shares and now bid just a
paltry 13.5p online...lol...they are seriously having a laugh here

[qs9] 30/10/2009 08:46

INteresting Bob is on board, but more interested in underlying trading etc.

[21simthy] 29/10/2009 19:28

On a popular stock and bulletin board thread there would probably be
50 posts on the subject.

But the market makers wont make a market in the stock, fantastic if
you hold, dont seem to be many of them judging by the lack of response
of that trade.

I'm debating is buying 5k's at 15.5p going to be worth it at one at
a time, with Bob Morton paying such a premium for size he sees value
and he's not often wrong.

Lets see how the mm's open after that holding news, with no stock around
and that news they are completely wasting their time bidding 12.5p or
13p online, who's going to sell now at that price with Morton trebling
up at a premium !

[dalcon01] 29/10/2009 18:42

Interesting ?

[21simthy] 29/10/2009 18:01

Very old article but nothing has changed !

Bob Morton, shrewd investor
By Algernon Craig Hall | 19:29:39 | 05 May 2000

(WEEKEND PROFILE) Citywire has been tracking entrepreneur Bob Morton's secret share deals for months because he can move the share prices of companies he takes large stakes in; this week Citywire tempted Bob out of the shadows to come in and talk to our team.

Morton began his career as a chartered accountant. After years spent advising people on how to build businesses and protect their money at his St Albans practice he decided to roll up his sleeves and get his own hands dirty in 1970.

The business he became involved in was an exhaust fitting company called Euro Exhaust Centres. After launching it with just £1000 of capital it became Europe's number one exhaust fitter before being reversed into Kwik Fit in 1979 for £11 million.

Morton sees his role in a venture as providing financial expertise and guidance to a company. He always looks to work with 'operators' and sees the people involved and their independence from him as the key to the success of an enterprise. He describes his role as helping other people make money and in the process adding to his own wealth.

Morton told citywire.co.uk: 'People are 100% of the business. If you empower people and then take away their power they can't function. Everyone I work with has to be charged with running their own businesses.'

He needs two pre-requisites before he will become involved in a venture or make an investment – there must be an exit strategy and he must always be able to cover his downside. Morton does not usually exit until he's seen considerable growth , although he cannot claim to have a 100% success rate. Who can?

He has a value philosophy in so far as he will not overpay to get into high growth markets but will always look for companies with good growth potential.

So, a few examples of some of Morton's past deals. Morton told citywire.co.uk that Norank was started with £1000 worth of capital and was eventually sold for £10 million. Hapfield Estates was started with just £100 before being sold for £19 million. Spargo Consulting was set up with £125,000 and went to £40 million

[21simthy] 29/10/2009 17:50

Talking to myself and my holding is peanuts but the buyer is Bob Morton
a well known Aim investor.

edit aggressive aim investor.

[21simthy] 29/10/2009 17:18

There's the RNS.

Hawk investment holdings are the buyer, a google search throws up
nothing so need to delve to find out more.

Somebody else had a order in as well and all they could get was 5k
at 15.5p and those greedy mm's still did not move up...shocking.

[21simthy] 29/10/2009 11:04

Egg.

Just spoke to selftrade, glitch in the system.

Online limits are sell 37500 at 13p, buy 1000 at 15.5p.

Extremely generous, that large trade might have been a cross
trade after all, impossible to buy more than 5k and the spread
is too wide to get involved so i'm just going to watch for the
spread to narrow first, one of the mm's is going to have to go
at least 13.5p bid here to try and get stock otherwise they will
get no takers especially after that trade at 16.5p.

[21simthy] 28/10/2009 22:50

2 days ago i might have just done that :-))

But had a bit of a paper hit like many last few days despite reducing
on a few stocks.

I'll try again tomorrow, dont fancy my chances of getting stock at
15p or less.

[eggbird] 28/10/2009 16:49

Hi 8T,

Sorry, only just seen your post.
Looks interesting, maybe an RNS tomorrow explaining the big Trade.

Doesnt look like I would have been able to buy any anyway!

[21simthy] 28/10/2009 16:05

No chance methinks.

1k max online buy at 15.5p

Think there is a fault with selftrade's bid size as i can sell 25 million
at 13p :-))

That's most of the company lol

[21simthy] 28/10/2009 14:28

So 4% of the company bought at a 20% premium to the then mid price.

That sounds very predatory to me.

Thoughts ?

[21simthy] 28/10/2009 14:20

"not much happening here"

Apart from that huge premium trade pointing out by fillipe on the
CR thread, i've tried to get jsut 25k but they wont even offer 5k
online even on that 12.5-15.5p spread and it's just 5k nms so my
hands are tied, no doubting that trade went to a mm and not a cross
because a 250k sale online gets accepted with a premium as you would
expect if a mm has sold all that at 16.5p.

Placed a order but dont expect to get filled.

[wattzy] 26/10/2009 03:11

Not much happening here, i'll rephrase that, there's sod all happening here.

[rolandspike] 14/9/2009 15:27

What are the chances someone's seen the interims to end of August? I guess that we will see them in November?

[qs9] 14/9/2009 14:47

Anyone following this?

[qs9] 31/8/2009 19:03

Watzy, agreed: talk of final stages of a major turnaround, yet another loss from AGM statement for 1/2 year and need "significant" improvement for small profit for full year.....getting there, but slowly....

[wattzy] 27/8/2009 16:01

What happened to the 'final stages of a major turnaround'?

[fillipe] 24/8/2009 14:26

Yes, good news I think. Not so much that PAC will not be on the board but more that so many of the senior peeps, below plc board, were against the proposed appointment.

V. important in a peeps business, I think.

I'm keen on the bit....


"We are in the final stages of a major turnaround of the business and will continue to work on behalf of all shareholders to improve the operating performance and value of their Company." - "

I reckon this one has a long way to run, not overnight but definitely om=n the way there now.

f

[rolandspike] 24/8/2009 11:10

Good news, I think:

AGM Motion Withdrawn

The AGM of Media Square plc ("MSQ") is being held at 12 noon on Wednesday August 26th in London.

The Notice of Meeting was sent to shareholders on July 29th.

The Board of Media Square plc has received notification that Prime Active Capital plc ("PAC"), which is a shareholder in MSQ, has withdrawn Resolution 8 which it had asked to be inserted into the AGM agenda.

Resolution 8 sought to have Mr Peter Lynch, the Chairman of PAC, appointed as a Director of MSQ. The Board unanimously recommended to shareholders to vote against this resolution as explained in the Notice of Meeting.

The Board of MSQ has issued the following comment:

"We are delighted that Prime Active Capital has withdrawn its unwelcome and unhelpful demand to appoint Peter Lynch as a Director of MSQ. We are in the final stages of a major turnaround of the business and will continue to work on behalf of all shareholders to improve the operating performance and value of their Company."

[rolandspike] 14/8/2009 10:09

Bob is absolutely spot-on, although Parry won't be too worried about job security - he's got loads of them - he's more worried about losing his massive incentives for turning the business around.

Incidentally, Jeremy Middleton is quoted as saying that he did three months consultancy for Media Square after he left the board and the annual report says his consultancy company was paid £382,000. That's an hourly rate of c£750! Nice work, if you can get.