Medsea Estates Share Discussion Threads

[giddygoat] 06/6/2007 20:13

yf, do u have a basis on which u have developed your in depth assessment? Every dog has its day you know.

Current P/E under 5 - 2.66p EPS

Update 1 month ago shows decent growth in unit sales

Unit sales in Spain during the first quarter of 2007 were marginally ahead of last year at 110 compared to 105 unit sales at the same time last year.

Meanwhile, Italy was particularly strong, with sales of 151 in the first three months of 2007 versus 41 during the equivalent period in 2006.

Funds raised at 10p will see an end to downward trend shortly IMO. News of acquisition will see us on the up IMO as market realises most of sales are NOT in Spain

[yf23_1] 06/6/2007 15:40

big pile of dog poo - this is going down the drain

[drain] 06/6/2007 12:04

Please note that the Company raised #700,000, before expenses, through a placing of 7,000,000 of new ordinary shares with NEW INVESTORS, and this included two of the directors of the Company, namely:

Mr. Kenneth Burrage: 350,000 Ordinary Shares
Mr. Graham Jeffs: 50,000 Ordinary Shares

You can be sure that the other NEW Investors are connections of the Gatehouse family.

Following the issue, the Company has 77,979,412 Ordinary Shares in issue and the two controlling Executive directors( Gatehouse & Martinez) own 82.38% of the shares.They have not reduced their holdings since flotation and have every incentive to get the share price up.The free float is so small though.

We will just have to wait for something interesting to happen.

Drain

[giddygoat] 05/6/2007 07:55

7 million new shares placed today at 10p each. I had expected this to cause a drag but with 1.3million shares traded at near 13p this week after hours(presumably buys).

Looks like we'll shortly be on the up.

We'll have to see what acquisition our directors are lining up as refered to in RNS - hope its not Spain.

[mistertibbs] 01/6/2007 11:07

Does this mean we at last are now seeing some news on other projects like Cyprus etc?

[giddygoat] 31/5/2007 21:59

Medsea Estates Group raises 700,000 stg by placing 7 mln shares at 10p each

LONDON (Thomson Financial) - Medsea Estates Group PLC said it has raised
700,000 stg, before expenses, through a placing of 7 mln shares at 10 pence
each.
The estate agency said it will use the net proceeds to finance working
capital, enhance its brand internationally and facilitate future acquisitions.

[flateric] 29/5/2007 11:12

If they sold it would keep the price down. I don't see them selling at this level. Not unless they know anything that could adversely effect the business.

[giddygoat] 29/5/2007 10:36

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?

[grahamg8] 29/5/2007 08:39

Flat Eric
I agree there is a positive view that can be taken, but since around March virtually all posts have concentrated on the P/E and assumed that a share price rise was inevitable/imminent. I wanted to show that there were some very good reasons why the price was so sluggish. So here's the positive side:

Share liquidity is gradually improving
A trading range of 12-20p seems to be establishing, just about wide enough to interest short term holders.
Hidden value in the development projects which will only show up in the P/L a/c when completed.
No longer really dependent on the Spanish market, eg already selling more properties in Italy.
Invested in diversification and partnerships and so poised for expansion.

So unless management get greedy or slip up in a big way the share price will eventually begin to reflect a steady flow of good news. Timing is the problem, not the likely outcome.

[flateric] 25/5/2007 09:44

Check the latest figures, though, they ain't that bad for the current market cap. They also have a large land bank etc.

They just need to start shouting it all about. I reckon this one could bounce from these levels.

[redm1re] 03/5/2007 20:25

It does indeed, all good publicity gratefully received.

O/T did you see the FAN results Mistertibbs? Will keep buying a few at these levels I feel

[mistertibbs] 03/5/2007 18:52

Does it help that nice confirmation in Shares mag re the Spanish slump not involving us? Always nice to see it gain a more public viewing for others to consider.

[redm1re] 02/5/2007 20:08

My relief yesterday was merely setting me up for the disappointing chart today.

Definite downtrend established at present, however given strong fundamentals the PE must be ridiculous now

Got out of a tricky situation (GGG if you fancy a laugh) by buying some more at the bottom and now have a blue screen after showing some horrendous losses. Given the outtrageous spread here I will not sell but will keep an eye open for the bottom and try to pull off the same trick once more.

Might have to wait a while though!

Yes Norfolk is lovely, I shall miss it

[mistertibbs] 02/5/2007 17:02

Definately looks like property bubble here, although a long held losing property share of mine, HTI, just announced results today and now up so I hope the same for this. As FlatEric said, the fundies will always out, eventually.

Lovely part of the world Norfolk. Last time I was in Peterborough was to watch speedway, of all things.

[flateric] 30/4/2007 22:28

Fundamentals will always come thru' in the end. With any stock.

[redm1re] 30/4/2007 19:41

Tibbsy, yes had to rejoin the working masses, reluctantly but bills to pay. In Peterborough though which is far more agreeable than London. So yes, something of a lucky break.

Can't sell either house in Norfolk though at the moment, which may be indicative of a slowing market to me. May have to let then rent in PB. None of which would be good for MEA of course. My contact in the Spanish property world has been made redundant too so sentiment definitely turning.

On the plus side, expected to come home to find a further fall today, so quite relieved by that.

[mistertibbs] 30/4/2007 14:16

FlatEric....I saw the note in a daily hoodless brennan comment. It said little other than investors should sell. Will look to see if it's still available.

HB said they have no forecast meantime.

Not in London redm1re. Sounds like a lucky break, of sorts. Trouble selling at home? I hope not.

Tibbsy. I like that.

[flateric] 30/4/2007 07:45

Can u get the article posted here?

[redm1re] 29/4/2007 16:13

Happy to run my remaining holding FlatEric at least barring disasters. Sadly more adverse comment in yesterday's indie, however bineed it so unable to quote details

Agreed more exposure required. That was a good trading update but it's guilt by association at the moment in the press!

[flateric] 28/4/2007 10:21

This one needs some exposure. There was lots of stock around that had been offloaded by pre-ipo shareholders. That is a big overhang. Patience with this one.

[redm1re] 28/4/2007 09:45

Sorry Tibbsy, been out of radio contact for a few days.

Really not sure which way to go with this one, fundamentals are sound, trading update encouraging, at least as far as Italy is concerned, but overall outlook a little troubling and sentiment moving against overseas property at the moment.

I reckon if the market can understand the diversification away from Spain, things might look up

An no, never did buy in London, just can't sell in Norfolk right now

[mistertibbs] 27/4/2007 17:28

Must have been up to early giddygoat and not taking it all in. Meant to top up with another 10k shares today but got distracted with gardening would you believe. Certainly looks positive. Are people still looking at the graph without digging any further I wonder.

Hell mend them if it leaves them at the airport.