Medica Share Discussion Threads

[chancer6] 09/1/2008 09:18

Shares issued at 2p...that is v.encouraging. Should get more good news soon and still think these should be trading around the 1p mark.

[safman] 09/1/2008 09:14

ok.. half at 1p, half at 2p per share..as i understand it.. loan stock at par..

good luck..

saffy..

[safman] 09/1/2008 09:01

i think those shares have been issued at 2p per share.. off out ..

good luck..

saffy..

[safman] 09/1/2008 08:59

Mercury Further re Acquisition




RNS Number:3817L
Mercury Group PLC
09 January 2008


9 January 2008

Mercury Group Plc

(the "Company")


Further re: Acquisition of Smith Melzack Pepper Angliss Limited


The Company announces that it has entered into a Settlement Agreement with the
vendors of Smith Melzack Pepper Angliss Limited ("SMPA") ("the Vendors"), which
was acquired by the Company on 28 February 2005.


Under the terms of the original sale and purchase agreement, the Vendors were
entitled to receive, under certain circumstances, deferred consideration and
further deferred consideration.


In November 2006, the Company notified the Vendors of certain claims for breach
of warranty relating to PAYE claims ("the PAYE Claim").


The Company and the Vendors have agreed that in settlement of the PAYE Claim and
any other warranty claims whether now or in the future, certain of the
entitlement of the Vendors to the deferred consideration and the further
deferred consideration shall be set-off against the PAYE Claim, and the final
amount of the deferred consideration and further deferred consideration is
£182,000 to be satisfied as follows:


(a) as to 50 per cent. of such sum by the issue and allotment to the Vendors of,
in aggregate, 4,550,000 ordinary shares in the issued share capital of the
Company ("Deferred Consideration Shares"); and


(b) as to the remaining 50 per cent. by the issue of £91,000 in nominal amount
of convertible unsecured loan stock ("Loan Stock").


The Loan Stock is convertible into ordinary shares in the Company at any time up
to the first anniversary of issue at the rate of 50 ordinary shares for every £1
nominal of Loan Stock. If the Loan Stock is not converted by such time, it shall
be repaid on the first anniversary of issue, together with interest accrued. The
Loan Stock will carry interest of 1.5 per cent. over three month LIBOR payable
quarterly in arrears.


The number of Deferred Consideration Shares and the nominal amount of the Loan
Stock shall be increased in equal proportions if and to the extent that the
amount paid by the Company in full and final settlement of the PAYE Claim is
less than £110,560. Any further ordinary shares will be issued at a price of 2p
per share and any Loan Stock will be issued at par.


Ronnie Franks, Stuart Sandler, Clive Orman, Alan Kleinman, Paul Vernon-Smith and
Colin Povey, who are directors of the Company and/or SMPA, comprise the Vendors.
Accordingly, the Settlement Agreement is classified as a related party
transaction under the AIM Rules. The independent directors consider, having
consulted with John East & Partners Limited, that the terms of the transaction
are fair and reasonable insofar as the shareholders of Mercury are concerned.


Application will be made for 4,550,000 ordinary shares to be admitted to trading
on the AIM Market and dealings are expected to commence on 14 January 2008.



Enquiries:


Mercury Group Plc

George Kynoch - Chairman 020 7343 4000



John East & Partners Limited

David Worlidge 020 7628 2200



This information is provided by RNS
The company news service from the London Stock Exchange

[chancer6] 08/1/2008 17:42

Possible end of down trend which began this time last year when the price rose to 2.25p upon the new financing arrangement:

[chancer6] 08/1/2008 15:50

Seems the MMs keep putting these very small sells through (i.e 160 trade) to get some sellers. Online buy limit is restricted with etrade at still just 100,000.

[chancer6] 08/1/2008 14:32

Should get greater buying volume coming through once the price gets over 0.45p imo.

[chancer6] 08/1/2008 09:54

L2 is 1 v 1. Just EVO on 0.42p, then HOOD & SCAP on 0.45p, WINS on 0.48p and KBC with 0.54p on the offer.

[chancer6] 08/1/2008 09:51

Up again on the smallest of buy....0.35-0.42p.

[safman] 08/1/2008 08:17

yep, got a few in this as a punt on the penny port..

saffy..

[canny lass] 08/1/2008 07:37

Chancer6

Let's hope so.

I need levels of 1p to break even on this one.

[chancer6] 08/1/2008 01:53

Encouraging that a 300K sell was easily taken at displayed bid price. Would expect a premium to be paid to the displayed offer if anyone is looking to buy that kind of amount. IMO something is happening in the background here and corporate action looks likely which will result in good rises from these lows.

[gazzastrip] 04/1/2008 16:29

Yes!!

Thats the first time i have been filtered i fell like i have finally arrived on ADVFN!

You need to get a life Chancer, but there again i dont really care although what you do and how you do it isnt nice if/when it negatively affects others.

By the way no doubt you will still see me when you log on using your other user names to talk to yourself!!!!

[chancer6] 04/1/2008 15:46

gazzastrip - 4 Jan'08 - 15:44 - 248 of 248 (Filtered)

[gazzastrip] 04/1/2008 15:44

What do you know Chancer is back and hes spotted a share that he thinks he can make a quick few quid on by suckering in people on this board to buy following his repetitive postings and various alter ego`s.

This is a dog of a share and always has been so beware of Chancers little game because once he has made a very small gain on the back of limited buying he will be off to his next one!

[chancer6] 04/1/2008 15:34

Spread too large and online buy limits reduced...otherwise would start to get much more buying volume imo. These could rise substantially on some buying!

[canny lass] 04/1/2008 11:21

spymaster,

I would be surprised if any type of account gives a client early access to company news information that could have an affect on the given market share price. This sort of information would be regarded as price sensitive / insider dealing and to my understanding it is a criminal offence to divulge such information. Not on your part though, but certainly on the broker's representative.

I don't doubt that you were informed and possibly the statement 'might not happen' was the broker's representative way of trying to cover his mistake.

[spymaster25] 04/1/2008 11:16

well when i asked to buy 250k he goes hold on there is a note for corporate action. then he checked and said that the news has not been sent out to clients yet but that is what is proposed. he also said it might not happen.

i have a premium account at natwest, so maybe its part of my service??

[canny lass] 04/1/2008 11:13

Chancer6,

Yes, but only if the proposed acquisition is favourably received by the market.

If no buying interest is generated then there would be no price rise.

Wait and see what is released.

Surprising that a broker should be releasing details to a client (spymaster) ahead of the actual company announcement.

[chancer6] 04/1/2008 11:08

Yes but the rises would begin as soon as the announcement is made!

[canny lass] 04/1/2008 11:07

If the acquisition is positively received then the price increase would commence from the consolidated price value of 7.5p.

IMHO

[canny lass] 04/1/2008 11:04

spymaster,

Difficult to know exactly what is happening.

At at guess.

Share consolidation of 1 : 20

Your 250,000 (nom 1p value) shares become 12,500 (nom 20p value)shares.

You are then offered the opportunity to purchase (on your terms) a further 44 shares at 7.5p for every 400 shares you hold.

This would allow you to buy a further 1,375 shares at 7.5p.

All guesswork as i said, but i'm sure something along these lines will be announced.

[chancer6] 04/1/2008 11:02

They won't get to 1p but these will imo.