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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Medsea Estates | MEA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.175 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.175 | 0.175 |
| Top Posts |
|---|
Posted at 02/3/2010 22:21 by mryesyes maji plc (no listing) is reversing into this later in the year after it has raised enogh from the shareholders of the former bkemaji are using the fact that mea is listed to give maji a listing, but ita all a game to get a plc up and running that the directors can invoice to death...wait & see, should one post insider info on here? |
Posted at 18/7/2007 19:06 by guru11 Just on my watch list thought I'd pop in and read a few of the latest comments.Had that bad news about Spain was it and better news elsewhere, worth keeping an eye on. On digitlook though the strong buy is only 1 analyst which gives a bit of a false picture, however on fundamentals MEA could easily go to 20p. But how are things really going? They appear on the face of it to be doing ok, and another latest contract as well. Results end of September - the forward rating on digitlook is - need I say more - if achieved. What is holding the share price back is the fact as said above the price was 80p. How can one in a property company loose 80% of the value since the float - this does not bide confidence unless one believes the worse is over. Big pros and cons - for bigs potential rises in share price to come. But then what about the 40% increase in sale on the Italian side ??? How much does this mean to the bottom line ?? Sentiment is definately against the stock at present when buyers return and if - it could do very well indeed. |
Posted at 12/7/2007 09:49 by guru11 I did wonder with MEA that although we have had some bad news in one area of their business whether the other areas of their busines would not bail the poor area out. The graph does not make good reading or inspire confidence and one has to ask over the last 2 years if management has not been able to add value to the share price are they doing a good job, when one remember this has come down from 40p. |
Posted at 03/7/2007 07:26 by bluenose851 MEA are advertising for sales staff for Calabria in the local press (COsta Blanca News and Round Town News). It must still be going well there as the adverts have been running for some time. |
Posted at 29/6/2007 00:05 by giddygoat Buy recommendation from HB 25/6/07 Very happy reading for all holders Bluenose - A very good article for giving a brekdown of what pies MEA are in and where sales are coming from this year Forecasts are : EPS P/E PEG 3.2p 4.4 0.2 FY Dec'07 3.8p 3.7 0.2 FY Dec'08 |
Posted at 21/6/2007 14:34 by mistertibbs I most certainly agree with you on the property comment, as my property shares are currently being hammered today, except would you believe, mea. Also nice to have bluenose on the ground comment sniffing out the market for us with some added support from thailand. Thailand in Spain? New area to me over their.My nephew, emptypiggy, is also a Glasgow Rangers bluenose. |
Posted at 21/6/2007 12:51 by yf23_1 mistertibbsyes youre right, I neatly avoided the question. I suppose I am just investigating/moree info on the state of the spanish prop market as I popped overfrom the housing thread. MEA might be insulated a bit with their Italian ops but at some stage all prop markets will move in the same direction, rising bond yields etc. |
Posted at 18/6/2007 23:02 by yf23_1 Yes, but werent the shares placed to two (new?) directors, thereby diluting all other shareholders.Rather than dilute you could get just get a simple loan. Also, if MEA return on capital is so good, it would also pay to get a loan rather than dilute. Maybe they needed the 2 new directors on-board and that was a way of enticing them ? If such a small amount is required for growth purposes one would assume that its just to buy land options etc, and so further money would be required, so why not just raise it all now ? Hang on, I missed this.. "The estate agency said it will use the net proceeds to finance working capital..." so there you go, they do have a cash flow problem ! Bit different to the AGM statement of "To help accelerate Medsea's growth, we recently announced a share placing to raise #700,000 and we are reviewing a number of opportunities that will enhance our growth prospects and broaden our base". A bit fishy if you ask me. |
Posted at 18/6/2007 00:47 by giddygoat YF, Im sure you're aware its all relative. This co. is valued at a mere £10m so £700,000 is of some use. If BP. raised £8,000,000,000 (a similar percentage to market cap.)would you assume it had a cashflow problem too?MEA had much more cash on the books at last yr end than the one before, why not wait to see what size of deal the directors come up with. What is your interest in MEA? Are you a holder YF? |
Posted at 29/5/2007 10:36 by giddygoat I agree with you both on this. I'm sure the story here is turning round and no reason this cant become a growth co. I'm already in this so am happy to stick with it and watch the plan unfold. If MEA can report eps of 3.5p this year and a positive outlook Im sure this will be much higher than 12p. Until the share price trend changes tho I would wait for the bottom (I'll look to add a few at that point too). Wouldnt disagree on the PR front but to be fair to the co. there Trading Updates give plenty of £ figures and actual sales numbers which is why Im very comfortable to hold. Media sentiment against Spainish property in general had a bigger negative impact on share price than the positive share price movement from a strong trading statement saying more of co.'s sales are in Italy and MEA's bit of Spain is fine too. As Directors couldnt sell shares for a period following float and have such a large holding does anyone have a view on whether the possibility of them selling would keep the Share Price marked down? |
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