Mediazest Share Discussion Threads

[frjdnverijtnhj8568934] 08/6/2018 14:45

Where's hazl and the rest of the bulls gone? Just keeping quiet or has the reality of this company finally permeated?

[frjdnverijtnhj8568934] 28/5/2018 22:19

It's an omnipresent threat.

[russman] 24/5/2018 09:27

Must be time for another placing.

[frjdnverijtnhj8568934] 24/5/2018 07:59

Shareprophets have reiterated their bargepole rating

[frjdnverijtnhj8568934] 23/5/2018 19:28

I looked back at last years finals and spotted this gem -

-- Turnover for the year decreased by £131,000 or 4.2% year on year partly due to timing on two large projects which were completed shortly after the year end. --


They blamed the late completion of contracts just as they have today. So how come they have said they will post an even bigger loss this year! They've had the benefit of these 2 large projects.

Talk about disingenuous. What a completely uninvestible bunch of individuals are running this company.

[russman] 23/5/2018 11:08

Think there should be a goodwill impairment. R

[frjdnverijtnhj8568934] 23/5/2018 07:40

--- All three of those deals have been successfully closed, however project delays outside of the control of the Group have meant that the majority of the resulting profit will now fall into the current financial year ended 31 March 2019. The amount in question is approximately £200,000 worth of net profit.----

Project delays outside the control of the group!? It's not our fault. Honest! Customers delay orders all the time. This is called being in business. Stop with the never ending litany of excuses.


So if they are going to have an extra 200K net profit for the 1st half of this year and they made a loss of 149K last half year why are they not predicting a profit for the half year? After all everything is going great! And they have another 200K net profit in the bank. I confidently expect a loss for the current half year.

I've been 100% right about this "business" so far why stop now. I will continue to avoid this at all costs. It has interest as comic value only.

[frjdnverijtnhj8568934] 23/5/2018 06:21

Another classic trading update this morning from MDZ. Losses for 2018 are going to be bigger than the previous year. 15 years of consecutive losses since IPO. But don't worry, apart from all that everything is great!

The directors deserve massive credit here for keeping an unviable business going, and collecting their salaries, for all these years.

Absolute bull.

[frjdnverijtnhj8568934] 18/4/2018 12:02

but dependent on the timing of several material contracts. They usually sneak something like this in just when shareholders are getting their hopes up. Safest to assume this company will lose money indefinitely until proven otherwise.

No matter how I do the sums and adding "hope value" I can get nowhere near the current market cap. EP&F PLC, the O'Neill/CCCAL vehicle, were valuing these shares at 0.035p in their accounts which is closer to the mark.

[russman] 17/4/2018 12:39

I thought Lance predicted a profit this year.

[frjdnverijtnhj8568934] 16/4/2018 11:54

We're well after the year end and no update. I don't think I need a crystal ball to predict another substantial loss is in the offing - with the obvious ongoing solvency concerns.

[frjdnverijtnhj8568934] 23/3/2018 15:53

I reread the placing RNS and it is nauseating. They are saying they are working on material contracts. Of course they are. Does anyone know what happened to the "transformational" contracts they were supposed to be working on 2 years ago? These have died a death obviously and not a peep from the management.

The other obvious point here is how can MDZ deliver a "material" contract anyway. They have no money and no-one is going to pay these guys upfront because how could you be certain they will still be around in 6 months. So the only way they can fund a big contract is with another placing.

[russman] 21/3/2018 09:16

70k must be one of the smallest placings in history. Expenses would have chewed a good percentage up.

[frjdnverijtnhj8568934] 20/3/2018 15:27

I anticipate another placing shortly. That 70K won't last long.

[russman] 16/3/2018 08:51

Cargil is still showing as resigned as company secretaries at companies House.
MDZ have not recorded last months rights issue either.

[russman] 13/3/2018 12:37

Suprised Hallett has not got a seat on the board.

[frjdnverijtnhj8568934] 12/3/2018 16:21

yes from £400,000 to £600,000. Easy to increase 50% from a low base. I wouldn't bank on it being a trend. Anyway they need over £3 million revenues to break-even so its small potatoes.

If a Hallet enterprise had given mdz a large contract I think we'd have heard about it by now. This is not exactly a company that sits on good news

[russman] 10/3/2018 11:16

In the last fundraising; Lance anticipates a significant increase in contracted recurring revenue.Can only guess that a Hallett enterprise has given mdz a larger contract.

[frjdnverijtnhj8568934] 09/3/2018 16:05

I can't see what Hallett gets out of this except being trapped with a major shareholding in a tiny, barely solvent company. At least O'Neill takes a sizable salary and O'Neill/CCCAL get paid 12% interest on the debt but poor Hallet gets nothing.

[frjdnverijtnhj8568934] 09/3/2018 15:55

To me anyway his buying makes little sense unless you assume he is a connected party. He's bought a 20% stake and he's now the biggest shareholder but has little control. CCCAL/ONeill control the company via the debt and their shares. I can't believe he did not know O'Neill and CCCAL are effectively one and the same. It makes you wonder if Hallet is a shareholder in CCCAL as well.

Also why has he suddenly stopped buying. Has it just dawned on him that he's bought shares in a turkey?

[russman] 09/3/2018 09:47

I hope Hallett knows what he is doing.

[andre] 08/3/2018 18:40

What percentage is in free float? Anyone know?

[frjdnverijtnhj8568934] 08/3/2018 17:12

The current market cap of £2.4M defies belief. If you add on the £1M in net current liabilites you have an effective valuation of £3.4M which is absolutely ludicrous. The last valuation by EP&F in their accounts, another company controlled by LanceO'Neill/CCCAL, was at a share price of 0.0325p. Even that is far too high but at least it's closer to fair value.

[frjdnverijtnhj8568934] 15/2/2018 12:28

Because they are out of money. Again. The question is how long will 70K last. I'm reading between the lines but it sounds like the business they were expecting for Q4 has not materialised and that's why they are running on empty again.

[andre] 15/2/2018 12:10

But Ian Hallett bought shares and now owns 20% I believe. So why would he be required to 'put any significant money in'?

I agree a £70K issue is peanuts. But why both Hallett and Lance buying just £70K of shares at 0.15p?