Medsea Estates Share Discussion Threads

[driver101] 26/3/2007 08:05

Nice start could be some delayed buys again.

[redm1re] 23/3/2007 12:19

Year end figures are encouraging so just had a small nibble here

Should be an interesting ride

[andrbea] 23/3/2007 10:43

agreed jwe

the Euromed arm of the business is another revenue earner methinks:



"With prior experience of operating in the Spanish property market since 1985, Medsea Estates S.L. was established by Tony Gatehouse in 1998, to help UK and Irish nationals buy new and pre-owned holiday, residential and investment properties in Spain. Since that time, the Group has expanded rapidly based upon its reputation for business integrity and client commitment. Several new subsidiary companies have been established to cope with the company's tremendous growth. Today, Medsea's 150+ enthusiastic staff all have one aim in mind – to fully understand a clients' requirements in order to help them find the home of their dreams. Now with thousands of delighted clients, it clearly demonstrates that their thorough yet friendly approach really does work.
Medsea clients are guaranteed a no stress, no fuss introduction to some of the most desirable property under the sun. Everything is taken care of... all properties for sale will have been previously viewed by Medsea and thoroughly checked out from the perspective of planning, legalities, contracts, etc. Any property that does not meet Medsea's exacting standards will not be listed, nor shown to a client!
Furthermore, Medsea provides all clients with free help and advice, where needed, with respect to foreign exchange, mortgages, equity release, insurance, English-speaking lawyers, etc. Additionally, a totally free after-sales service is available to all purchasers to assist them with any other matters that follow the acquisition of their chosen property.
Set in five million square feet of beautiful countryside, Torre del Obispo is one of the most stunning new developments in south-east Spain."

[jwe] 23/3/2007 10:27

If forward booking are up on last year can we assume EPS of 2.66p will be exceeded in 2007?Presumably we can especially if the figures for the Murcia development are correct

[andrbea] 23/3/2007 10:06

ShareCast

22.3.07 (late)

Spanish based estate agency Medsea Estates was among today's best performers after it turned in record pre-tax profits.

The group's pre-tax profit came to £2.9m from a loss of £52,000 a year ago. Turnover rose by 55% to £13.3m.

"The investments we made during 2005 to reinforce our operations in Spain and expand into other territories have helped drive the group forward across a broad front and resulted in a substantial increase in revenues and record profits," the firm commented.

[andrbea] 23/3/2007 10:05

Independent (23.3.07)


Medsea Estates Group, the Spanish estate agency group, was a strong small- cap riser after a solid set of full-year results. Although some investors believe the boom in Spanish property is looking decidedly toppy, the company reported a bullish set of results, with pre-tax profits rising to £2.9m, up from a £0.5m loss last year, along with a 55 per cent jump in full-year revenue to £13.3m. The shares added 3p to close at 16.5p.

[andrbea] 23/3/2007 10:04

Telegraph (23.3.07)

Spanish-based estate agency Medsea Estates Group posted a full-year pre-tax profit of £2.9m, up from a loss of £52,000. It rose 3 to 16½p. Chairman Tony Gatehouse said: "The current year has started well and our forward bookings are up on last year. "

[andrbea] 23/3/2007 09:54

mujahid2

read posts 9 & 10

[mujahid2] 23/3/2007 09:46

hi andrea i notice your posts are interesting, am i too late to jump aboard this one?

and what do you expect in the short term 25p?

[andrbea] 23/3/2007 09:39

general interest

property market (Italy)

19 March 2007

[andrbea] 23/3/2007 09:22

ok 74G will take a butcher's

mea:
some delayed trades from yesterday going thru eg at 22p

In MEA's results, I particularly like the bit about the 'doubling of units in early 2007':

The Group performed well across the board but without doubt Italy was the jewel
in Medsea's crown last year. Our initial contract for 110 units per annum in
Calabria was quickly exceeded. Subsequently, our Italian partners increased the
minimum number of units to be sold by us to 250 per annum, also renewing our
exclusive international selling rights for a minimum of five years.

In 2006, Group sales totaled 1,086 units, and we continue to perform strongly.
In January and February of 2007 we sold 161 units compared to 83 in the previous
year

[74graham] 23/3/2007 08:52

andrebea check out DGT finals due and are expected to be very good online limits buy 100,000@.73 v sell 500,000@.72.you could only get 50,000 yesterday ready to go north very fast imho

[driver101] 22/3/2007 18:36

jwe

Yes that was a bit of a pig but I'm sure we will have the last laugh on these I can see 50p no problem short term.

'The Group performed well right across the board but without doubt Italy was the
jewel in the crown last year where we quickly exceeded our initial contract and
continue to perform strongly.

'The current year has started well and our forward bookings are up on last year.
The Board anticipates further organic growth and we believe that there are
opportunities to build on the foundations of our geographic spread. We have set
ourselves demanding targets and look forward to the coming year with optimism.'

[tonyx] 22/3/2007 18:14

Delayed trades still coming through...theres a 5344 buy this am @22.06p which were later sold @ 15.25p :-0

[tonyx] 22/3/2007 16:57

jwe,

They will seem a bargain in the long term.

[jwe] 22/3/2007 16:55

Yes my 30k at 20.5p doesn`t look too clever now.However,these do look like they could double or more from here.

[tonyx] 22/3/2007 16:54

I'm back in thanks to the dip. Slightly better price than my erroneous sell this morning!!!

[simonparker5] 22/3/2007 16:45

Can't beleive these are so cheap. Looking at the results they made £1.6m in the second half or 1.6p per share. If they can acheive the same in this full year thats 3.2p per share on a foward PE of 5 at todays closing price of 16.5p.
Crazy.
Very surprised at this afternoons drop just couldn't beleive my luck at being able to get these even cheaper.

[driver101] 22/3/2007 16:21

I have averaged down these are a bargain IMO.

[andrbea] 22/3/2007 15:55

this morning they went to 23p offer on a total of 7k in buys (are they short or what?)

now they've had 137k in buys

can't see it staying here for long.

[bigbobjoylove] 22/3/2007 15:51

thats what i thought, may nibble now.

edit: sod that can only get a oners worth online!

[driver101] 22/3/2007 15:46

BIGBOBJOYLOVE

I think they are trying to entice buyers I might have to top up, looking like a bargain now..

[andrbea] 22/3/2007 15:41

more about Euromed