Mediazest Share Discussion Threads

[frjdnverijtnhj8568934] 06/11/2018 12:36

There is conflict with the largest shareholder also being the largest debt holder and taking a very high rate of interest on their loan.
Are you happy disclosure rules have been followed?

[michaelmouse] 06/11/2018 12:31

No problems toploadermike.

[toploadermike] 06/11/2018 12:30

Michaelmouse,

I think your blog is where my mind is with them and will also continue to hold and see what develops. Thanks for the write-up.

[michaelmouse] 06/11/2018 12:26

post 840 - Why don't you phone them and ask?

O'Neill holds around 3% of the company and CCCAL nearly 17%. It's in their interests for the share price to rise substantially.

Are you accusing them of something? I don't understand what you're trying to imply?

[frjdnverijtnhj8568934] 06/11/2018 12:09

Until there is clarification on the ownership, both past and present, of largest shareholder and debt holder City and Claremont Capital Assets LTD, or CCCAL, then this cannot be considered investible in my opinion. Lance O'Neill, as chairman of Mediazest, really needs to explain why he was the registrant of the CCCAL.NET domain name and why this was hurriedly changed to an Antony Haywood, a name who was previously on a board of directors with O'Neill.

Also where did CCCAL obtain their funds? That's a legitimate question to ask of any offshore vehicle.

Maybe the answers to the above would help explain why Hallet bought 20% of the company in short order and then sold the lot 12 months later. When do you ever see that happening?

[russman] 05/11/2018 15:05

the last placing was a flop.
CCCAL had to take up the rump.

[ochs] 05/11/2018 11:08

I would think they need a placing soon, otherwise the lack of working capital will hold back from taking advantage of any opportunities that arise in Europe (or the UK).

[michaelmouse] 05/11/2018 09:49

A few thoughts.

[russman] 05/11/2018 09:41

It is an interim profit on lumpy contracts.
It could have been wiped out by a bad debt provision.
Lack of cashflow appears to be an ongoing problem.
Difficult to grow revenue if MDZ have little cash to finance working capital.

[toploadermike] 05/11/2018 09:37

We'll see.

[frjdnverijtnhj8568934] 05/11/2018 08:48

They admit these results are flattered by deferred contracts from last year. I'm expecting them to post a loss over the full year. If you read closely there is no mention of a full year profit and in the outlook statement they say -


The Group continues to target these opportunities, particularly during a time when the domestic UK retail market is under pressure, leading to uncertainty, which can result in the postponement of or delay in retail investment from some UK participants.

[toploadermike] 05/11/2018 08:42

michaelmouse,
one other point is that there suggesting some other returns not included in the 6 months from an over debtor, doesn't say how much but that the cash is expected, all a very positive 6 month statement.

ATB
TL

[toploadermike] 05/11/2018 08:37

No 3 on the top risers today!

[letmepass] 05/11/2018 08:25

Nice RNS. Might add on the equity raise

[michaelmouse] 05/11/2018 07:40

Yes at this lowly market cap. the results are very encouraging indeed, as is the outlook. The recurring revenues will cover 50% of the cost base at year end, and are improving margins.

I think this is the first time they've reported a profit?

Excellent stuff!

[toploadermike] 05/11/2018 07:24

Great results today, well done to the board, management and staff. Excellent progress.

ATB
TL

[russman] 02/11/2018 19:52

Lance is a pariah in the City.

[ochs] 02/11/2018 18:14

AIM listing could be in danger as apparently their Nomad (Northland Capital Partners Limited) will no longer be allowed to act as a Nomad after 1 Feb 2019. Be interesting to see if anyone else will take MDZ on? They will certainly need/want to complete some sort of due diligence first.

[andre] 01/11/2018 08:14

Run the chart for the entire time on the market. It tells you all that you need to know. 13 years of nothing but disappointment and still run by the same people. Enough said.

[michaelmouse] 01/11/2018 07:31

Holding notice this morning:-

"The Company was notified yesterday that Stephen Hudson has increased his
holding in the Company to 69,090,013 shares, representing 5.37 per cent. of the
Company's issued share capital."

That's good news. It's not you is it cgod?

[frjdnverijtnhj8568934] 31/10/2018 18:40

Illiquid? Not really. Not without about 1.5 BILLION shares in issue, a goodly percentage of which are probably short term traders. I don't see this as being a tightly held stock. It still looks very overvalued to me given the working capital deficit and the ocean of red flags.

[michaelmouse] 31/10/2018 15:37

LOL. Let's hope not cgod.

If it does go all pear shaped from here though, we must ensure we avoid investing in the same companies ever again.

The cgod/michaelmouse combination could be a deadly brew? Well it is Halloween after all ;)

Equally an illiquid micro-cap company such as this could easily multibag again from here. We'll see in time.

[cgod] 31/10/2018 15:26

Sorry Michaelmouse
Looks like me getting involved here has put the HEX on it?

[russman] 31/10/2018 13:28

no point being listed.
"minorities" will be squeezed out.