Share Name Share Symbol Market Type Share ISIN Share Description
Media And Income Trust Plc LSE:MEI London Ordinary Share GB0009216283 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.01p 0.00p 0.00p - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
0.0 10.1 8.3 0.0 0

Media And Income Share Discussion Threads

Showing 126 to 149 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
20/3/2002
10:19
Hi rk23 - sorry to hear of your predicament. It's merely a question of how much you need £375. If you sit and wait you have to be prepared to see it disappear, but the upside is probably a multiple recovery - but this is a very speculative share at the moment - as you can tell from redsonning's very helpful postings.
novision
19/3/2002
19:41
rk23 I think your right.
bsg
19/3/2002
19:20
I think this is dead and buried once and for all!
rk23
17/3/2002
12:00
ok fair enough!
rk23
16/3/2002
23:23
rk23 - it would be helpful if you did not start new threads, especially when you are essentially asking the same question yet again! What is the point? Furthermore whilst you may get someone other than me responding to you I would caution you as follows: Either they say substantially the same as me, in which case you already know what you will hear; or they will say something significantly different from me, in which case they don't know what they are talking about, and you should ignore them!
redsonning
16/3/2002
21:42
Hi does anyone know anything about these shares, what are the chance they'll move again, are they likely to go bust or what? any information welcome Thanks! RK
rk23
13/3/2002
09:22
A lot of these splits blame falling markets. The ftse hit a low of 4400 after Sep 11. Since then the market has risen 18%. If the NAVs of these companies are falling when the market is going up, what will happen when the market falls, which will be in June. In the Telegrapg this morning they say there are ten 'walking dead' splits. The AITC would not name them. According to AITC figures Morley Absolute Growth, Investec Investment Management,and Framlingham Split Income, have the highest level of cross holdings at 100pc,97pc and 95pc repectively. These followed by BFS Zero Preference Growth at 93pc, and Exeter Asset Managemwentt's Dartmoor fund with 87pc. I think at least one a week will be added over the next few months. By the end of the year all that will go bust will have gone bust.
bpoole
11/3/2002
15:42
FAS and FJV are basically straightforward Asian and Japan trusts respectively. Their performance will have no direct bearing on MEI. The GMM news is now released. The trust has received elections for redemption on just under 77% of the zeros. This makes life somewhat difficult, and the statement from the board is rather cautious about commiting itself to what will happen. The ongoing viability of the trust will be examined over the next few weeks, with some sort of announcement expected around the end of April. Clearly GMM will be required to bring down it's loans, which means it will need to generate cash beyong the £87.5m required to repay the zeros. Remains very speculative indeed - however the price is looking extremely low now.....
redsonning
10/3/2002
17:37
how will that help MEI, just curious as I hold a large amount of these shares
rk23
10/3/2002
17:07
redsonning - thanks for that. FAS and FJV are starting look good ...
bsg
08/3/2002
18:47
I see GIC and GMM have been stuffed as well, does this mean MEI will never recover !
bsg
04/3/2002
00:26
rk23 - I think you are making a sensible decision given the situation you are in (by the way I do respect your honesty with your predicament!) Whilst the present position is extremely awkward for the shares, a continued recovery in the market will help the situation, and will also give the Trust a better opportunity to perhaps raise some new finance. As I have said before, there is some chance of a dividend, but when and what amount per quarter or per annum is difficult to put a sensible guess on at this stage. We can make more educated assessments when it is clear what the eventual ongoing size of the Trust will be. Meanwhile I do hope that you will not risk such large sums of money in the future without doing some research first. There is of course a huge difference between something of good value and something being simply cheap.
redsonning
02/3/2002
23:38
Thanks! I think it best I just put this shares away for 6 moths and hope thattheyll come good in the future! theres no pont selling at a lose so I might as well wait till theres a sign of profit , you never know they may go up after 6 months, so best just to wait i think, will there be any chance of a divident?
rk23
02/3/2002
23:04
I don't believe there is any realistic prospect of a 2p move up in the price next week. You might get 1.5p Bid for the shares, or if it's a very good week for the market maybe even slightly better. I think that anything more is out of the question at present. Over the next few weeks there is some chance that the Bid might be slightly better if the US and main markets continue to rise significantly, since this will bring in more speculators on MEI. However the hard fact is that in reality these shares are very far away from having any intrinsic value.
redsonning
02/3/2002
15:53
Thanks, but is there any relistic hope that this shares may pick up a couple of pence next week, whats your view on the price next week or evevn for the next few weeks
rk23
02/3/2002
15:51
rk23 - I was only bearing in mind that you tend to want to get out in "within 2-3 days". I am just saying you may need to watch a bit longer than that.
redsonning
02/3/2002
12:45
thank, y would i need ot panic on monday morning?
rk23
02/3/2002
12:35
Hallo rk23 - Glad to see you are still up and working - in that case there is hope. I will be doing some more work on this one as details emerge. But briefly, I would expect to see at least another £30m of debt be paid back in the not too distant future (but it could be more). This might leave a trust of some £50-60m in size for the time being (but it could be less). At this stage there are a few too many variables to say what the dividends might be, but given that the Prefs, after expenses and loan interest are paid, are entitled to around 8p per share before the Ords get anything, there won't be a lot left. However, there may be something. Given that you are currently unlikely to obtain more than 1p for your shares I would suggest waiting at least a little. There is at the possiblity of some volatility in the price as other speculators try to trade the stock too, and try to guess what the potential dividend level might be. This might give you an opportunity to get out in somewhat better shape. Don't panic on Monday morning!
redsonning
02/3/2002
12:13
Is there any chance that a reovery of any sort is possible, even a couple of pence , so are you basically saying that ive just thrown away my £1925 which I spent on wednesday, what advice whould you give in regards to my shares which i now have, thanks
rk23
02/3/2002
12:09
rk23 - May I suggest that you take a little time to go back over this thread. All you need to know is included therein. If you had done this before purchasing, rather than after, you could have saved yourself some £1900.
redsonning
01/3/2002
21:39
Hi everybody, on Wednesday I bought 75,000 MEI ORD shares at 2.5p, I normally buy and sell within 2-3 day, cashing in on small profits, I bought without doing any research as the shares had fallen by a large percentage, Can somebody please give me some information as to whether there are ant dividnets payment to come, and is it likely that the shares will go up, are they worth holding on to, does any one have a realistic idea what the price may be with end of march, or april and finally does any one think that Ive madea huge mistake purchasing these shares, all views and comments welcomed, Thank
rk23
01/3/2002
21:13
As expected MEI has now repaid the first large lump of its huge debt, from its not quite so huge cash mountain (ie £30m repaid). Company still has to work out how it will repay more in order to keep the bankers off it's back for the time being. Expect to see a further announcement from the company on how and when this will happen. Since the Prefs are entitled to any divi in front of the Ords, we can be pretty sure by the time this trust has resized itself downwards, that there will be not very much revenue left to make available to the Ords. So far as capital is concerned, well such of it that remains all belongs to the Zeros. But there's always someone who thinks they're getting a bargain.....
redsonning
01/3/2002
18:11
Many thanks Redsonning.
johnmeeson
28/2/2002
12:39
jm - Thank you for your enquiry! GIC got itself in trouble some months ago due to falling asset values. GIC is a rather important trust within the sector because it is both large, and very has a very long life (until 2018). The board have been trying to put together a refinancing for some time, and are supposedly on the verge of doing so (they had indicated around end of Feb for further news of the deal. Difficulties have revolved around the subsidiary nature of the Zeros, but these difficulties are not necessarily insurmountable, and since this is such an important trust I would expect to see support for this reconstruction from the other institutions. Neither the Incs or the Ords have any asset value at present, but both are entitled to dividends. It is not of course clear at this stage what level of dividends might get paid once the refinancing is in place, and whether that level will be enough to support the present price at which each class of share is trading. At present therefore still very much a gamble. Personally I’m not touching them until I see the refinancing terms. GMM is a different problem. It is not primarily an investor in other trusts (although it has some), but holds a portfolio of blue chips. It has some £200m of assets, but the zeros have the right to get their cash in April this year, and if all the zeros want their cash back the trust will have to find over £110m. Since it also has bank loans of some £72.5m this will mean that some of the bank loans would then have to be repaid in order to keep the bank covenants in check. GMM have offered the zeros the chance to stay in for a further two years instead of cashing, but the terms are not exceedingly attractive, and therefore it remains to be seen just how many zeros get pulled out. Depending on how many want cash, so the size of the trust will adjust itself. The difference in potential (post zero decision) size is a very large range indeed, and again this therefore leaves the dividend situation extremely unclear at this stage. The Ords do however have some asset value (recently around 17-18 pence) and therefore some people are betting on a favourable conclusion, given that they also have a little comfort from the assets. As a result the Ords have climbed a little from their low over the last couple of days, with quite a volume of purchasing. However as you can see the spread is huge, and therefore there is no prospect of trading in and out of this stock. Anyone purchasing is doing so on the prospect of the trust remaining of a reasonable size and getting a reasonable dividend. This of course is also something of a gamble, although once again this is an important trust for the institutions, and therefore one would expect them to be working hard in the background to hold this thing together. However, if I was a zero holder (which I’m not) I would be wanting my money back in April and I think there will be quite a high level of redemptions. Therefore so far as I am concerned there is no rush to purchase.
redsonning
Chat Pages: 7  6  5  4  3  2  1
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