Medsea Estates Share Discussion Threads

[bluenose851] 14/7/2008 10:55

have nt looked through the accounts but it is strange to see a big rise in overheads when they have been aware of the problems with the market. Good increase in turnover but they have a very bad name here as they dont pay commissions

[flateric] 01/7/2008 08:09

"Turnover rose 30% in the year to £10.5 million, but I regret to report that the Group recorded a loss before tax of £1.3 million. Clearly this was a very disappointing performance, but reflects the position we announced in our trading update in February. The Group's revenue in the second half of the
year was only £4.6 million on a re-stated basis, a reflection not only of slowing activity, but also of the difficulties we have experienced as a result of our dependence on third parties to complete the sales processes in a timely manner.
Turnover £10,500,000
Loss before tax £1,297,000 (2006: £1,048,000)
Increase in revenue of £2,471,000
Earnings per share (loss) 1.76p (2006: 1.67p)

[the spaniard2] 30/6/2008 09:24

well the results as expected

[missgemgems] 05/6/2008 18:20

thanks spaniard whats the header to put in?

[the spaniard2] 05/6/2008 17:30

I think they have to submit by end of june.
Has anybody seen the complaints thread on not paying commsions,really interesting

[missgemgems] 04/6/2008 14:36

does anyone know when they have to submit accounts by?

[topvest] 04/5/2008 12:41

In other words...the end!

[topvest] 30/4/2008 22:08

Hmmm..looks like game over here. I bet their market is truly awful...bet a few sales have been cancelled over the last few weeks.

[jamesclives] 30/4/2008 13:27

typical Spain.

knowing Tony, there'll be a good reason though, maybe expecting some other project news tied in.

expecting results within a week to 14 days.

[missgemgems] 30/4/2008 13:13

i hope not clive but hardly reassuring not even to be able to give a date,

[jamesclives] 30/4/2008 12:44

?
not really.

[missgemgems] 30/4/2008 12:35

very worrying

[jamesclives] 30/4/2008 11:49

Medsea Estates says 2007 accounts delayed, date to be notified

LONDON (Thomson Financial) - Medsea Estates Group Plc. said that has been a
delay in finalising its 2007 report and accounts.
The property company did not give reasons for the delay.
In its trading statement February, Medsea said it was expecting to release
its full year to end-Dec 2007 results in the second half of April. Volumes of
sold properties in the second half were materially below its expectations, it
said at the time.
Medsea said in Wednesday's statement that the release date for the report
would be notified "in due course".

[missgemgems] 30/4/2008 10:01

results overdue!!

[yf23_1] 19/2/2008 16:54

These numbers do not reflect any provision for cancellations.

pig in a poke

[jamesclives] 18/2/2008 11:32

hey Flat,
read their 'trading update' fews days ago... 13 Feb 08.
they say when figures are due.
;-)

[flateric] 18/2/2008 10:01

When are the figures due? This one has been sold down due lack of interest, lack of news, and speculation.

I'd be interested to know if the figures are due. Fundamentally I bet this is a buy.

[jwe] 15/2/2008 16:05

Looks like a big buy order in.I wonder how high they are prepared to pay?

[thailand] 12/2/2008 17:29

market cap down to £1.95m @2.5p,dead in the Med now?

[flateric] 16/1/2008 07:36

Maybe they should give some sort of trading update? It's been a while. That would be correct for a company whose share price has fallen from 85p listing to 3.8p.