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Mediazest Share Discussion Threads
Showing 3801 to 3824 of 3825 messages
|Remember there is also a net working capital deficit of £0.75M so this still looks very overvalued to me. In fact given that deficit it would not be difficult to argue the equity is worthless given the historical performance and probable ongoing losses.
Really this company should not be listed at all. It is completely unsuitable for a listing. The extra costs must be a real burden. These are costs they can ill afford. However they need the listing so they can continue with the relentless, never-ending jam tomorrow spiel and thereby continue placing shares. They've done that on average once a year since listing! A complete disaster for shareholders but the salaries need to be paid.
On top of all that there is the unfortunate O'Neill/CCCAL issue which positively reeks. There is no transparency.|
|Or perhaps just another placing?
Market cap is now only just over £1M - almost low enough for a reverse takeover!
I do hold here, so am tempted to average down for a potential bounce at some point - but I'm not sure.|
|Falling to new lows.
I feel a "new business" update coming on!|
|Well I think they would do themselves, and shareholders, a big favour by just releasing plain old trading updates. I regard the "new business updates" they regularly release as absolutely toxic. There should be a wealth warning in big red letters at the beginning of them. I want to know if business is improving, if revenues are improving, if profit is improving. They do not tell you that. Instead they describe all the marvellous new business they are winning but as any semi-savvy investor knows any company can be winning new business when the actual trading performance of the company is deteriorating. All companies, or nearly all, need new business wins just to keep standing still.
The time to invest in MDZ is when they cease releasing "new business" updates because then you will know things are getting better and they don't need to raise more funds.|
|It is also to do with the current general market we know this.
In the past,they were not good at marketing their products,in my opinion, but improved when they brought in somebody specific from memory.
I agree their past record has not been good let's hope they have turned the corner.
|I think I'm allowed to be sceptical given what has happened to shareholders here over the years.
A few years ago the news released today would have put 50% on the share price. However it's obvious no-one takes these blatantly rampy updates seriously anymore. They've heard the same stuff a dozen times over the years and they know what's almost certainly coming round the corner. More losses and a placing.
Assuming the opaque offshore vehicle CCCAL ,and Lance O'Neill, are one and the same, and I don't see how any sensible investor can assume otherwise, it's obvious where the motivation is to keep this thing going. CCCAL's loan has been paid down over the last few years mainly from proceeds of placings however it's still substantial and they'll want their money back before the music stops. Also if you assume standard non-executive director rates and hours worked, then O'Neill is being paid about 1 grand per day for his work at MDZ. That's despite O'Neill being an ever present at the company when it IPOed, and an investment at the IPO stage has resulted in a 99.7% loss. Even investors in the latest placing last year are down 30% and are no doubt bracing for the next one.
This is a serial loss-making business with a substantial negative working capital position relative to its market cap. On a risk/reward basis it looks an extremely poor investment proposition.
Good luck with your investment.|
|Well its off its lows and they are getting contracts so perhaps you will find different avenues of pessimism if that's your mantra.|
|There is always a hook. It's always next year when things will get better. Then the next year. Then the next etc etc......|
|Reoccurring revenue is exactly the way forward.
Let's hope they are getting their act together.|
|It's been 12 long years of fantastic news.
No mention of profits which tells me all I need to know. Another loss-making year expected.|
|well done mdz … fantastic news keep it coming|
|Classic. There it is. The old "New business" update.
What can you glean from it? Well it sounds like all the other ones to me. Very rampy! £500,000 of new business in 2 months sounds good but we know new business is required to be won to make up for finished contracts so what are they telling us exactly? Remember they don't even make a profit on £3M annual revenues.
No mention of profits so I'd assume another loss-making year for the year to end of March 2017. Why assume anything else since they've posted a loss for the 11 previous years?|
|Have they released anything on their twitter account?
They have form of releasing "exciting news" that pumps up the share price, to be followed soon after by a massively dilutive placing.|
|are we expecting news????
does someone nose something??? LoL''' #GOONTHEN''''''
|Positive movement today last traded +21% news coming no doubt, only happens maybe 3 or 4 times a year|
|The share price looks very weak. They'll probably release one of their "New Business Updates" soon. These are even more regular than their share placings.
They also really need to issue an update on the major shareholder, the offshore vehicle going by the name of City and Claremont Capital Assets Limited (CCCAL). Who are the major shareholders in CCCAL? Who are the directors? Where is this company domiciled? The information derived from the CCCAL.NET domain details requires explanation.
As an aside why do the LSE allow opaque off-shore companies like CCCAL to become major shareholders in London listed companies? As a shareholder, or prospective shareholder, you cannot do proper due diligence. There are also always question marks as to where the money is coming from.|
|I think if I was asked to take part in the next Mediazest placing, which I expect them to try and get away later this year, I'd want a bit of clarity on who exactly I'm bailing out. Especially so since the value of these shares has dropped 99.8% since IPO. Certainly CCCAL, the biggest shareholders and Lance O'Neill, who holds just over 2% of the shares, would both have a lot to lose. O'Neill is the non-executive chairman and has been an ever present since IPO. He takes £50,000 in salary which may not sound like too much but remember this guy has multiple directorships, and non-execs, even in small companies, will typically be paid £1,000 per day. How many days of work is that per year? Also 24% of non-execs work unpaid but certainly not at Mediazest despite a decade and more of continual annual losses and shareholders being diluted to oblivion.
"A 2006 survey from the Institute of Directors (IOD) found that the average pay per day for non execs was £1,020; for medium companies it was £867 and for those working in larger companies it is £2,080. It also found that on average 24% of non-executive directors work unpaid. "
|Poor results covered by Trader Tim this morning
|Cash in hand £137k but take into account the 'invoice discounting facility' sitting at -£253k makes it -£116k (negative) lol
don't worry though management look forward to being able to use investors again by using their granted authority to issue up to £500k in shares - pretty darn soon!|
|They just cannot generate revenue growth. It does not matter how many millions they throw at this, Mediazest does not have the scale. It's a tiny player in a huge market.|
|Another loss reported. The cash raised in the last placing has dwindled in short order and as usual this company is running on fumes again. The outlook statement does not inspire confidence either.
Revenue for the period was £1,474,000 down 8% (2015: £1,605,000).
Gross profit was £631,000 up 2% (2015: £619,000).
Gross margins improved to 43% (2015: 39%).
EBITDA was a profit of £4,000 (2015: profit of £8,000).
The basic and fully diluted loss per share was 0.01 pence (2015: 0.01 pence).
Cash in hand at period end £137,000 (2015: £36,000).|
|Added some more before intrims due in November|