Mediazest Share Discussion Threads

[russman] 01/9/2017 09:11

Looking at Goodwill today.
MediaZest Ventures has goodwill of circa 113k; has been for a decade.
MediaZest Ventures Ltd was dissolved in March 2012.
There is a new MediaZest Ventures Ltd but it is dormant and the Plc is not a shareholder.
If Ventures was rolled into International, it would be extremely difficult to test whether 113k was a true current figure.
It is pretty amazing that the total goodwill figure has not moved (in years) considering the business sector MDZ operates in.

[frjdnverijtnhj8568934] 31/8/2017 22:50

Possibly, but MDZ are so small are they an attractive target?

Compare the tone of these results with last years. This year the tone is muted whereas last year it was real ramparoonie stuff. There is far less detail, much shorter, and much less name-dropping. I'm not sure what to read into that.

[clocktower] 31/8/2017 12:20

Whats needed is a bit of consolidation with other media/production companies - AEO would be a good mix as they have a decent cash balance and are profitable but in need of a growth plan.

[russman] 31/8/2017 10:36

Tony H signed the 250k letter of support as Director of cccal.Tony works for Lance via dfba.Doubt that makes it into the related transactions notes.

[frjdnverijtnhj8568934] 31/8/2017 08:30

So they've kept up their 100% record of posting losses.
Reduced loss but why is there no mention of the "potentially transformative" orders they've been banging on about for a couple for years now?


The company is still relying on the largest shareholder not calling in a loan which makes it completely uninvestable as far as I'm concerned.

"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 2017 (2016: £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."

[russman] 31/8/2017 07:55

Gross profit is very similar to last year.
I will wait to read the Annual Report notes.

[knicol46] 30/8/2017 09:17

Results due today or tomorrow - good gross profit expected

[russman] 30/8/2017 08:26

I am going through last years Annual Report.
Cargil resigned as Company Secretary.
Mediazest International Ltd was the only 100% subsidiary; no news to understand why on the 1st July 2017 the Plc stated it no longer controls it.
Shallotte shares a director with CCCAL.
Lance "manages" CCCAL investments via DFBA.
It would seem like a concert party.

[russman] 29/8/2017 09:55

I cannot make head nor tail of any of Lance's companies.
Mediazest International Ltd was a wholly owned subsidiary.
According to Companies House Mediazest Plc no longer controls it.
Have I missed some news or are the dates filed late.

[frjdnverijtnhj8568934] 28/8/2017 10:18

Anyone have a copy of the shareholder register? I think the shareholder information on the mediazest website must be wrong even though it's dated 15th August 2017. In fact we know it is wrong because Hargreave Hale have announced they have reduced. I think it looks extremely likely EP&F have sold down their shareholding. The mark-down in the valuation is too big for it to be just a revaluation.

[frjdnverijtnhj8568934] 26/8/2017 15:48

Here is how much EP&F paid for their 26,448,571 shares in MDZ.


13,448,571 shares at 0.35p (conversion of debt interest to shares)
9M @ 0.5p (share placing)
4M @ 0.25p (share placing)


Average cost is 0.38p. On the assumption EP&F still hold all their shares this compares with a valuation of only 0.0325p per share in the latest EP&F accounts to end of Dec 2016. The implication is they've written down the investment by over 90% from cost. The alternative is they have sold down massively their shareholding. Or it could be a combination. Either way they may have some awkward questions to field explaining this away.

Anyway good luck if you hold. Unfortunately I'm an indirect holder in this via EP&F.

[russman] 25/8/2017 22:05

But have mdz got any cash.

[knicol46] 25/8/2017 14:12

tick up imminent, cant currently quote to buy current offer

[russman] 25/8/2017 11:11

& the agm by the end of Sept.

[knicol46] 24/8/2017 10:31

results due this month - stock market closed Monday 28 August 2017

[russman] 22/8/2017 21:51

I thought the original business was bought for approx 250k.Lets see if mdz can get positive cashflow.

[knicol46] 22/8/2017 12:41

it was a buy as the best price at the time was 0.098p

[frjdnverijtnhj8568934] 22/8/2017 12:31

With the shares down 5% I'm not certain it's a buy

[knicol46] 22/8/2017 12:15

15m buy £15800 worth, someone knows something

[frjdnverijtnhj8568934] 22/8/2017 11:42

It's impossible it can be cost. The share price has been nowhere near 0.0325p ever. Not even close.
I'm not interested in asking O'Neill anything. I shouldn't have to anyway since it should be explained in the accounts.

[russman] 22/8/2017 10:51

It could be cost, net r value or fair value.Why dont you ask Lance.

[frjdnverijtnhj8568934] 22/8/2017 06:48

According to the investor relations page on the mediazest website, EP&F still held their 26,448,571 shares on the 15th August 2017
hxxp://www.mediazest.com/about/investor-relations/
(However the stated CCCAL shareholding looks too low since last we heard they held over 15%.)

So if this is right then the O'Neill/CCCAL controlled EP&F are valuing MDZ shares at only 0.0325 pence in their latest accounts. See page 20 in the EP&F accounts here

There is no note of explanation why they have valued the shares at such a massive discount but I think probably the auditor insisted on it given the perilous nature of MDZ's finances and the "Sword of Damocles" nature of CCCALs control over the MDZ debt.

[russman] 20/8/2017 14:36

Epf agm is on Friday.Lance said mdz's results would be published in August.

[knicol46] 20/8/2017 12:22

Results still due any day - good luck all

[russman] 19/8/2017 13:22

It is peanuts to Marlborough.But it may be the straw that broke Lance's back.