Mediazest Share Discussion Threads

[knicol46] 10/8/2017 11:54

Results due tomorrow - based on last years release date

[frjdnverijtnhj8568934] 04/8/2017 00:09

It looks like Lance O'Neill's EP&F capital, have sold down their stake in Mediazest.

I've received the EP&F accounts to the year-end 30 December 2016 and the book value of their Mediazest investment is noted as only £8,566. EP&F's last declarable shareholding in Mediazest is 26,448,571 shares.

The share price of Mediazest at 30 Dec was 0.11p so you'd have expected the book value to be £29,000. The implication is they have reduced to 7.8 million shares at 30 Dec 2016.

CCCAL are the major shareholder of EP&F.

[russman] 31/7/2017 12:00

You note the qualification in the Auditors Report 2016.Cccal has a loan agreement 250k.Lance via dfba "manages" cccal.Lance's dfba "employee" is a director of cccal.This director writes a letter to the Auditor saying the loan will not be called this year.

[russman] 31/7/2017 11:48

You are correct.But according to companies house, cargil is dormant.Has been for years.

[frjdnverijtnhj8568934] 28/7/2017 07:57

It is (or was) Cargil management Services. That's the name in the accounts for the year end 2016.

Oddly I see Mediazest have now removed the links to the annual accounts in their website. You have to go to Companieshouse.gov.uk now to get this information.

[russman] 27/7/2017 10:29

Who is MDZ's company secretary.
According to Companies House, Cargil resigned 31 August 2015.
Cannot get a copy of the last Annual Report on their website.
It will be on the second page.

[ochs] 22/7/2017 10:14

So the AIM listing could arguably be the most valuable bit now.

[frjdnverijtnhj8568934] 22/7/2017 07:22

There are net current liabilities of £0.75M to factor in. Also the business always loses money and appears to have perpetual going concern issues as it survives from placing to placing.

[ochs] 21/7/2017 18:14

A few days ago the value nearly hit below £1m, that's not really much better than a shell.

[frjdnverijtnhj8568934] 20/7/2017 13:11

Yes exactly Ochs. It's another meaningless ramparooonie RNS.
12 years of continuing losses and shareholders nearly wiped out but they are still announcing stuff like this in an RNS. A very poor show from the management.

[ochs] 20/7/2017 12:25

You saw this announcement coming yday frjdnverijtnhj8568934 ;)

No numbers, so I fear they are hoping to get a placing away before the results, by mentioning big names!

[frjdnverijtnhj8568934] 20/7/2017 08:44

I'm almost speechless.

[hazl] 20/7/2017 08:30

'The Board is pleased to announce that Volkswagen UK recently engaged the
Company, for the first time, to provide audio-visual solutions for its new
store at Birmingham's Bullring shopping centre.

The project was completed on 7 July 2017, following several months of
development work, and features a unique 12m interactive projection wall to
engage with customers, as well as traditional audio-visual elements such as
video walls, car lecterns and audio systems.

The Board expects to announce financial results for the year ended 31 March
2017 in August of this year. '

Volkswagen,that is impressive.
Wonder what cash they received for the project?

[knicol46] 20/7/2017 08:15

Volkswagen UK project..

[frjdnverijtnhj8568934] 19/7/2017 13:59

A bit of life here. Who knows another super-duper trading update could be on the way from the company that always seems to announce great news.............followed by a placing!

The other (probable) CCCAL/Lance O'Neill controlled company, EP&F Capital, were due to release their annual accounts at the end of June. However one day before the year end they changed the accounting year end date. They moved it back by 1 day to 30 December and thereby, due to a bizarre technicality, bought themselves another 3 months to issue the accounts. More here - hxxp://www.epfshareholders.org/accountsDueDateExtended.html

Very odd. I've never seen that before.

[frjdnverijtnhj8568934] 30/6/2017 09:24

There was an agreement not to call in the £0.25M loan for 12 months from 31 March 2016. It begs the question what would happen if today CCCAL phoned up (perhaps Lance's pal Tony Haywood) and asked for the 250 grand back. Looking at the cash flow at the interims and the lack of a positive trading update, MDZ are most probably running on fumes again and would have no way of repaying. What would happen then?

[frjdnverijtnhj8568934] 27/6/2017 10:59

So the shares are back down to where they were before the ramparoonie RNS a month ago. If anyone bought into the rise they are probably sitting on a 40% loss now. Absolutely ridiculous. Unless these guys issue a trading update, or a new business update that actually includes a profit forecast then it should be completely ignored. That's what history has taught us with this company.

[frjdnverijtnhj8568934] 25/6/2017 13:40

The directors have obtained a letter of support from a shareholder who has provided a loan to the Group totalling £250,000 at 31 March 2016 (2015: £250,000) stating that they will not call for repayment of the loan within the 12 months from the date of approval of these financial statements or, if earlier, until the Group has sufficient funds to do so.



In the unlikely event this company ever does post a profit, and generate some cash, no prizes for guessing where it's going.

[frjdnverijtnhj8568934] 18/6/2017 19:48

hazl, I think I've called this company completely right so far.

[hazl] 17/6/2017 12:53

Thank you frj .
A negative which is more useful than anything you have posted before.

[ochs] 17/6/2017 09:51

So what does this tell us about Lance?

[frjdnverijtnhj8568934] 16/6/2017 13:46

hxxp://www.epfshareholders.org/lanceOneillRegistrant.html

[hazl] 09/5/2017 21:49

Yes a very good way for them to marKet themselves and provide visibility for their products!
When you think of the different companies there are out there now....they chose little 'ol MDZ well done them.

IMO