Media Square Share Discussion Threads

[brewsters millions] 02/1/2011 20:32

LOL!!!! TIMBER!!!!!!!!

[equitydealer007] 01/1/2011 17:37

Timberrrrrrrrr!

[equitydealer007] 15/12/2010 21:59

oh come on! Wright states in the telegraph this has been planned for two years, and he intends on taking onboard 30 staff...........and also the last few months this has tanked.....thus at the very least this begs a question????

My view is....Here is a company that actually does really good business! Problem is? Huge debt! dont buy the company buy the staff!......just my opinion, dyor

[equitydealer007] 13/12/2010 10:17

Expecting a drop post the 20th!!! not for the faint hearted! dyor...gla

[scott84] 06/12/2010 09:38

You post rubbish !

EquityDealer007 - 6 Dec'10 - 09:08 - 914 of 914 (Filtered)

[equitydealer007] 06/12/2010 09:08

I shall be back shortly........3p target!!! Porta Communications (lse:TSEG) are poaching staff and Media square are one of the rumours as to where they are coming from.....thus this is heading further south...sorry but this is confirm in the telegraph with david wrights comments from TSEG that he is taking on about 30 staff........so they have to come from someonewhere! and this is dropping fast.....DYOR

[scott84] 01/12/2010 11:30

Is this the end then ?

Noticed it prop up the losers board late on and i can buy size
at 5.64p which is well under the mid price.

Either a seller wanting out at any price or the debt is finally
coming back to bite ?

[markie7] 27/7/2010 16:49

hardly, just relief that the rogue shareholder didn't pull the rug on the bank deal at the agm, which was highly possible.

[fillipe] 27/7/2010 16:33

Looks as though everyone's liked the agm statement!

Seems as though there's a smidgeon of confidence around.

f

[dalcon01] 12/2/2010 10:48

Gill's sold all of them now then?

[rolandspike] 09/2/2010 09:47

Interesting trades yesterday and a disposal announced today. Nothing changes at Media Square. The company needs to look at the integrity of its advisers and systems. Glad in a way that someone's making cash, just wish it was long term stock holders.

[markie7] 09/2/2010 09:25

OK, net debt is actually £17.4m. significant rise on the £15m above. twentysix did say £200k of operating profit on revs of c.£5m - who knows what gross margin assumption to apply, so lets say 60%. - ie they have lost £3m of Gross Profit.

So, to update this analysis above -

debt / EBITDA target of 2* - so £17.4m less $2m = c. £16m? EBITDA target is therefore £8m. Full year revenue has just fallen to £47m - needs to grow by £8m to hit this target - therefore like for like rev growth required has just risen to about 17% assuming nil impact of cost savings, or 10% if there have been around £3-£4m of cost savings implemented. This assumes nil EBITDA currently, who knows whether that is right or not.

Interesting the disposal is in the US. Maybe there are other overseas assets which can also be disposed of?

[dalcon01] 08/2/2010 13:16

Interesting trades ?

[markie7] 02/2/2010 10:19

ok, time for a reality check here.

This group is loss making currently.

Debt is £15m (lets assume unchanged from interims - probably a generous assumption).

EBITDA looks like it will be zero.

lets set a debt / EBITDA target of 2*. This would be EBITDA of £7.5m. This would be a benchmark for any refinancing (which must be imminent, surely?)

Half year revenue was £24m. Lets say full year is £50m (generous?). They need to grow that revenue on flat costs by £7.5m. This is 15% like for like growth - VERY aggressive in the current climate. Most of the sector is experiencing flat income lines at best, and these are tired buinesses.

On top of that, they are selling two profitable (non-core) businesses - which will pay down some debt, but any purchaser will do the maths above to work out their negotiating position - so don't expect a windfall sale price.

The disposals obviously impacts on the maths, but we can't tell from here what the figures will look like.

[markie7] 15/1/2010 08:15

ooh. a deal! how exciting.

[qs9] 25/11/2009 18:35

I'd be interested to hear more about how current board reckon they can pay down £16m of debt and over what time frame.....board have been "on board" now for a while and results have not improved and revenues/profits are materially lower....imo!

[markie7] 25/11/2009 12:30

Note 9 is a bit odd here. They have £3.7m of restricted cash. I wonder what the "projects" are?

[markie7] 24/11/2009 09:46

seems bizarre the board resolution came before the results. you'd have thought they would have done the stake build post interims.

[21simthy] 24/11/2009 09:32

Results were a bit grim but expected.

So will Bob Morton buy more stock now the price
is coming back down ?

[qs9] 06/11/2009 07:24

Any views on latest RNS?

[21simthy] 05/11/2009 14:32

Price still has plenty of legs in it, if the mm's are happy to absorb
any sale and move on any buy then it looks good.

Wins sold at 18.5p and moved to 16p bid, generous or what but slightly
better online at 16.75p bid.

[markie7] 05/11/2009 09:03

ok, these announcements today reflect where Morton got his holding from - the dates are late October.

[dalcon01] 02/11/2009 15:05

What on earth is a ''concenience'' ?

[knowing] 02/11/2009 13:28

21simthy - 2 Nov'09 - 13:27 - 895 of 895 (Filtered)

Even higher.

[21simthy] 02/11/2009 13:27

Highly recommended !

Knowing - 2 Nov'09 - 13:27 - 894 of 894 (Filtered)