Medica Share Discussion Threads

[chancer6] 15/7/2007 13:07

From other thread:

I suppose with finance in place and those "delayed deals" coming through. The price should realy be back where it was before the panic button was pressed - perhaps around 6-7p

However there is some more dilution to be had in return for the finance deal.

VT has got his own way to an extent as he and other big investors get another big chunk of the company at 1p per share in return for his loan note.

"Further to the suspension of trading in the Company's ordinary shares on 18 January 2007, the Company announces that it has created a loan note instrument constituting #1,000,000 of Unsecured Loan Stock 2012 ("ULS") and has issued #500,000 of ULS. The Company has received binding commitments to subscribe for up to a further #500,000 of ULS at the Company's option up until 31 July 2007. The subscribers for the issued and committed ULS include Pendana Limited ("Pendana"), an investment company which is ultimately owned by the Tchenguiz Family Trust, Ethel Austin Investment Properties Limited, a major shareholder of which is Barry Owen and his family, Corrina Limited, a company owned by Paul Whight, REIT Asset Management, a specialist investment, finance and asset management partnership, and White Star Property Holdings Plc ("White Star"), a property investment company quoted on AIM"

"The directors of Mercury have undertaken to put a resolution before shareholders (subject to approval by the Takeover Panel) at the next general meeting to be held by the Company to enable the ULS to become convertible into new ordinary shares of 1p each in the Capital of the Company (to rank pari passu in all respects with the then existing ordinary shares of 1p in the capital of the Company) at a conversion price of 1p per share at any time thereafter prior to 31 January 2012."

The only plus most of his stock cost him well over 3p per share. With all this in mind a good short term target must be around 4-5p.

[chancer6] 15/7/2007 13:02

Out of interest, the conversion price on the 1.50 million loan is 1 pence. Hence I think the current price is an absolute bargain! I have fair value of 2-3 pence on these!

[andrbea] 15/7/2007 11:45

apologies, you're right
I meant the bit
"Loss making activities now eliminated"

[jon389] 15/7/2007 11:12

How do you know they are debt free.Where does it say that?

[andrbea] 15/7/2007 09:36

comparing the situation with Feb 2007 (see volume chart above) would point to a similar jump (eg to 2.25p). Just 3 days of 1.4 to 2 million traded/day would suffice

and they're debt-free this time aren't they? So that's good news

[power talker] 15/7/2007 02:18

10,000,0000 Million shares traded and we will be up in the 5p plus range...very very tightly held stock. Overhang has just about gone..Expect the MMs to be going crazy for stock monday morning..I am feeling very positive about Mercury and envision a rise in excess of 300%. we saw 500% with OVD last week, expect the same here..

In My opinion Mercury is seriously undervalued.

[power talker] 15/7/2007 02:10

Please note on the above chart..February 2006 Mercury was trading at 0.5p over 3 days 5 million shares were traded the price rose from 0.5p to 2.25p.

on friday 1.5 million shares were traded and the price started its ascent. If we see 3,000,000 shares traded on monday expect 1.5p, if we see 5 million plus expect well over 2p possibly 3p.

Its going to be the early bird catches the worm with MGP. Most definetly it will be fireworks monday AM.

[power talker] 15/7/2007 00:32

It looks like the level of interest is starting to reach critical mass with MGP, i got some friday but will if i can get them under 0.85p be buying 500k myself monday morning.

The more i look at Mercury the more i see how undervalued it is. Chancers excellent post on the limited shares in issue highlights the fact that after nearly 2,000,000 were bought on friday and the overhang the MMs had is just about gone,means that buys of only say 1,000,000 monday will send MGP shares into Orbit , rightly so as they in my opinion are seriously undervalued.

I believe, although other posters estimates seem to disagree, that we are looking here at a share that would be more realistically priced in the 4-6p range.

[double6] 14/7/2007 20:47

I believe in the short-term, the price will level out around the 1.5p, with the positive outlook being priced in.

Once more good news arrives, then other levels may be achievable.

DYOR.

[chancer6] 14/7/2007 15:18

65% of the shares in the hands of major shareholders. IMO Power Talker on future acquisitions and current funding available to the company, I would put a fair value of 2-3 pence. A new mangement team is in place and maybe sometime next year once any acquisitions have been carried out and with improved performance we could look at prices over 3 pence but not at the moment!

[power talker] 14/7/2007 01:12

Just 112 million shares in issue.

[power talker] 14/7/2007 01:10

IMHO MERCURY GROUP IS A VERY STRONG BUY.it is right at the bottom of its downtrend and the slight move up today will be continued on monday.limited shares in issue so once it goes , it moves very fast. I am forecasting between 4-6p per share which would cap mercurg at just 4-6 million.

[power talker] 14/7/2007 01:08

PLEASE READ THIS FROM THE CHAIRMANS STATEMENT.

Chairman's statement

Introduction

I am pleased to be able to report significant progress in the six months ended
31 March 2007. Your new Board has focussed on the objectives of reinvigorating
the core SMPA business, following the recent extended period of uncertainty
surrounding the successful refinancing, and bringing costs into line with
sustainable income.

The previously disproportionately high level of central and plc related costs,
which amounted to over #1.4 million in the year ended 30 September 2006, were
cut to #194,000 in the period under review. Since 31 March 2007, central and plc
related costs have been reduced even further.

Following completion of the disposal programme of all loss making subsidiaries,
SMPA is now the Group's core business offering a range of property services to
corporate clients. SMPA is a well respected commercial property consultancy and
estate agency with offices in the West End and City of London. It offers a wide
range of professional services including investment, development, valuation,
management and all aspects of occupancy and has clients throughout the UK. Your
board believes that SMPA provides a firm base from which to develop, by
acquistion and organic growth, a successful Group focussed upon clear areas of
property expertise.

Against the background of the now resolved uncertainty surrounding the
successful refinancing and essential reorganisation, the Group incurred a loss
in the six months ended 31 March 2007. However, all former loss making
activities have now been disposed of and the Group is well positioned to
concentrate on developing SMPA's core commercial property consultancy and estate
agency business.

[chancer6] 13/7/2007 17:12

Good buy for 457,412 shares at 0.65 pence has just come through from an hour ago.

[power talker] 13/7/2007 16:32

Looking great for monday morning...Enjoy your weekends..

[chancer6] 13/7/2007 16:31

Onwards and Upwards next week IMO.

[geng] 13/7/2007 16:28

What a pair of blatant rampers !

Maybe it's your last chance to get in sub 0.8p but you still can't get out above 0.55p !

They have a very very very long way to go before they are out of the woods