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MDZ Mediazest Plc

0.0675
0.005 (8.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mediazest Plc LSE:MDZ London Ordinary Share GB00B064NT52 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 8.00% 0.0675 0.06 0.075 0.0675 0.0625 0.06 626,866 12:28:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Services, Nec 2.82M 12k 0.0000 N/A 1.19M
Mediazest Plc is listed in the Communications Services sector of the London Stock Exchange with ticker MDZ. The last closing price for Mediazest was 0.06p. Over the last year, Mediazest shares have traded in a share price range of 0.035p to 0.0725p.

Mediazest currently has 1,696,425,774 shares in issue. The market capitalisation of Mediazest is £1.19 million.

Mediazest Share Discussion Threads

Showing 4051 to 4075 of 4925 messages
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DateSubjectAuthorDiscuss
24/5/2018
09:27
Must be time for another placing.
russman
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.

frjdnverijtnhj8568934
23/5/2018
11:08
Think there should be a goodwill impairment. R
russman
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.

frjdnverijtnhj8568934
17/4/2018
12:39
I thought Lance predicted a profit this year.
russman
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.

frjdnverijtnhj8568934
21/3/2018
09:16
70k must be one of the smallest placings in history. Expenses would have chewed a good percentage up.
russman
20/3/2018
15:27
I anticipate another placing shortly. That 70K won't last long.
frjdnverijtnhj8568934
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.
russman
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

frjdnverijtnhj8568934
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.
russman
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?

frjdnverijtnhj8568934
09/3/2018
09:47
I hope Hallett knows what he is doing.
russman
08/3/2018
18:40
What percentage is in free float? Anyone know?
andre
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.
frjdnverijtnhj8568934
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?

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?

andre
15/2/2018
11:46
It could be Ian Hallett refused to put any significant money in. Whatever, it's a "keep the lights on placing" as Shareprophets have reported. They reiterate their bargepole rating.


MediaZest – at 3:31pm “pleased to announce” a placing… because it keeps the lights on?
By Steve Moore | Wednesday 14 February 2018

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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Creative media agency and audio-visual systems company MediaZest (MDZ) “is pleased to announce that it has conditionally raised £70,000 (before expenses) through a placing… at a price of 0.15p per ordinary share”. Hmmm, a ‘keep the lights on’ placing then?

The company states it to “fully take advantage of two specific, recently won opportunities, and others that are still at the pitch or negotiation stage” and for “strategic growth opportunities” that it believes should be explored. It adds it “continues to grow its contracted recurring revenue base and the board anticipates announcing a significant increase in this year on year with the 31 March 2018 results”, but also that “further to the announcement of Mediazest’s interim results on 15 December 2017, the group continues to make progress and is in advanced negotiations on several material contracts. The timing of the closure of these contracts will have an effect on the year end results as referred to in that announcement”.

Hmmm. But it’s two months closer to the year-end from then, and now less than 7 weeks away – and results for the first half of the year showed a loss of £0.15 million (2016: £0.07 million) on lower revenue of £1.3 million (prior full-year: loss of £0.14 million on revenue of £3 million).

The balance sheet showed cash of £0.10 million and net current liabilities of £0.95 million – though the company now also argues it “is aware of the dilutive nature of any fundraising at the current share price and as such has limited the amount raised”?. With the shares having declined from comfortably above 0.20p at the start of 2018 to close at 0.165p on Monday, it still only able to be got away at 0.15p though?

Overall, the half-year financial situation and track record see me very wary here – and the shares remain on the bargepole list.



D_Stone • a day ago
This is pure and simply a lifestyle company. It's CEO has never been aligned with the owners. His remit seems to be to keep all the parasites well replenished and not shareholder value. Things must be getting close to its eventual departure from AIM as this must be one of the lowest placings I've ever come across.

frjdnverijtnhj8568934
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