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MEA Medsea Estates

0.175
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Medsea Estates LSE:MEA London Ordinary Share GB00B01TVW49 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.175 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.175 GBX

Medsea Estates (MEA) Latest News

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Medsea Estates (MEA) Discussions and Chat

Medsea Estates Forums and Chat

Date Time Title Posts
05/3/201022:40MEDSEA ESTATES-Profit Ј2.9m, M/Cap Ј11m!289
31/1/200710:24DDD66

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Medsea Estates (MEA) Most Recent Trades

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Medsea Estates (MEA) Top Chat Posts

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 bke
maji 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 14/8/2008 11:06 by bluenose851
in areas around javea and moraira, the market has fallen maybe 10-15%. However, there is one key difference. If a UK owner is relocating to the UK the currency has fallen 25% over the last year so he is in effect getting the same price in sterling as he was 12 months ago, if he reduces by 25%. British sellers going back to the UK can offer some better deals. Spanish sellers or euro currency sellers are not offering the big discounts in my area.
Posted at 12/8/2008 12:37 by damanko
richandjanet,

I go to Alfas/Albir a couple of time a year, on sports trips. The last time I was there - March - British residents told me that the resale market was dead, several had been trying to sell properties for a year or more, and had received not one enquiry, let alone offer.

Interesting to read you say the resale market is stable, and that some areas are suffering a shortage. A friend of mine on the last trip decided to have a little fun - he is looking for a property there. He found 2 decent places, both owned by Brits - and offered 75% of the asking price. Both accepted. He bought neither, as he felt that the market there is going in only one direction, fast. We will be there in October, when he'll have another look.
Posted at 26/7/2008 07:35 by flateric
I went in to a Polaris resort two days ago for a look-see and went in to a show house villa that had 3 bedrooms and was all on one floor. A bungalow, but had a vaulted ceiling in the lounge, so gave the impression it was not a bungalow from the outside. It was well finished, bathroom-wise etc. It had a small pool and some grass to the side of the property. It looked over a plain golf fairway to a view of the usual squashed in Polaris-type, all white properties. It was about 1km off the road near Murcia. It had no charater at all. None. The resort's golf course just a plain course, no features, just houses/apartments lined each side of fairways. The price of the villa...? €1.1m PLUS the 10% buyer's tax. Laughable. What you can buy on the well-established La Manga Club for that money puts the conversation to bed.

There is still building going on, but not so sure the 'tourist' sites are still going up as quick.
Posted at 01/7/2008 08:09 by flateric
"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)
Posted at 16/1/2008 07:36 by flateric
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.
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 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?
Posted at 29/5/2007 08:39 by grahamg8
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.
Medsea Estates share price data is direct from the London Stock Exchange

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