Mg Capital Share Discussion Threads

[samckay] 28/11/2006 22:47

Oh Dear. Oh deary deary me. Curtains. There goes my small investement. Bye bye dosh.

[Abuse team] 08/10/2006 16:53

Post removed by ADVFN

[captainspock] 29/9/2006 22:38

Glad I got out @ 40p !!!!!!!!!!

[double6] 29/9/2006 11:17

Current online limits:

Buy 3k (0.20p)

Sell 11k (0.23p)

[double6] 29/9/2006 10:28

50% Fall yesterday.

No RNS.

No Big Sells (yet showing).

Investments (at last accounts) worth 2x current mc.

Any thoughts ?

[captainspock] 28/3/2006 00:03

Is there anybody there ??

Just in case anyone is interested MAP's slip into a loss of £577k from a profit of £904k is not as bad as would first seem as last years profit was primarily due to an exceptional write back of £910k resulting from redemption of convertible unsecured loan stock and the cancellation of a director's loan to the company.

Indeed the very detailed statement accompanying the first half results appears to be fairly positive & optimisitic in the long term.

Also the late 2.5p tick-up today on no trades, the first upward movement since the share consolidation in Oct 2004, would appear to indicate & confirm that the disappointing loss has already been written into the share price, particularly as it has been on a constant downward trend for around 15 months.

IMHO, the worst seems to be in the past & significant recovery may not be too far away although most would probably still consider MAP as a speculative investment- could however be one to tuck away for any investors looking for long term gains.

[captainspock] 18/2/2006 00:05

Well I guess no-one has been here for a while but just noticed 2 x 69K purchases @ the full 60p asking price appeared late in the day a couple of days ago or so. They were actually "R" trades so I am not sure what the significance of that is but I see someone else bought a few hundred shares today @ 57.5p (allbeit 843 shares to be exact).

Whilst I know that this is nothing shout about from the rooftops in a seemingly "dead" company as MAP appears to be at present, but 3 trades in one week must be some sort of record for MAP when you look at the trading history over the last year or so.

However, it is the 2 x 69K purchases that are puzzling to me- could this sleeping minnow be about to waken up at long last I wonder ?

Only time will tell I guess !!

[captainspock] 30/10/2005 01:47

This must the most inactive stock on the whole UK market !!!!!

[simonjcf] 13/10/2005 13:14

According to news posted on 26/07 there was intended to be an EGM on 19/08 about the launch of a new options scheme.

Any news of it?

It includes an unapproved scheme :-

* unapproved options may be granted to people who are not employees


* the Company may exercise its discretion to allow transfers of options


* there is no limit to the value of the unapproved options that may be
granted

Am I alone in finding that worrying?

[captainspock] 26/9/2005 20:50

Not sure of anyone has been looking at this one recently, as it has been a bit dead in the water here for months.

On the face of it there appears little to cheer about for those long-suffering shareholders (myself being one of them !!) & I am a bit puzzled about what's been going on here over the last couple of trading days ??

After months of virtually zero inactivity MM's have suddenly dropped the price 2 days in a row by around 10p on the strength of no news, no trades & no rumours ??

Unless anyone else is aware of anything significant about to happen I guess this could mean one of several things IMHO:-

1) MM's are trying to drop the price to get hold of more stock in anticipation of good news ahead (which could be seen as a positive sign, long term).

2) MM's are trying to drop the price to encourage investors to buy-in, in order to satisfy a large delayed sell order by a shareholder trying off-load stock, due to the stock's illiquidity (which of course could be seen as pretty negative !!).

3) Significant delayed sells over the last couple of days not yet showing up.

4) MM's have got wind of trouble ahead and/or possibly an anticipated downrating.

Who knows ??

Is there anyone else who flits in here from time to time who may have any incling as to what the MM's are up to here & why ?

[captainspock] 03/3/2005 03:09

Well on the basis of a very upbeat statement on release of the Interims yesterday, this could be the start of very interesting times ahead for a share that has looked pretty dead in the water for some considerable time.

With the clear evidence of a new Bull Market in the making MAP could possibly find itself in the enviable position of being in the right place at the right time on the investment front.

There is clearly a lot of work to be done to raise the company's profile, notwithstanding building up a new & hopefully prosperous investment portfolio, however I truely believe that things are starting to look upwards from here.

One only has to look at the rise in the share price of DAN in recent weeks- up more that 5-fold in a matter of a few months.

I'm not yet saying that MAP could take off in a similar fashion, but there are tentative signs of a possible rally in the share price for any punters looking to get in cheap now for the longer term.

Certainly one to watch IMHO.

[captainspock] 26/1/2005 00:04

Could be due for a bounce northwards, depending on what happens over the next few days or weeks ?

190K shares may not seem that many but remember had these buy trades gone through before the recent share consolidation of 1 for every 1000 shares held, the number of shares bought today & yesterday would have amounted to 19 Million shares !!

Having said that it does appear that MM's obviously have heeps to offload, given the purchase price of 100p being 5p less than the current offer price of 105p.

Whilst I am not kidding myself or jumping up & down just yet about a possible major recovery in the share price, I still feel this one could well be worth watching over the next few weeks, IMVHO.

[captainspock] 25/1/2005 23:51

Eye, Eye wots going on here then- two consecutive days of actual shares traded & all 9 trades are buys totalling 190000 shares.

When was the last time that happened here ?

Worth watching with interest, IMHO.

[topvest] 30/11/2004 19:30

Big drop today on only 4,000 traded. Seems to be in freefall.

[powlo] 06/10/2004 22:47

Bailed out - got £1.38 for each of my 1000 new shares.
True original cost £4.50 each.
Good bye MAP.
But more importantly good luck to anyone who still holds.

[the other kevin] 05/10/2004 14:41

Opened at 142 today. Nice immediate profit for gamblers!

[powlo] 13/9/2004 19:16

I think these are going south between now and Consolidation - then after that
I can't see anyone getting £1.00 per new share back.
I have had these so long I'm ready to write them off as a loss and just hold for the hell of it and probably couldm't sell even if I wanted to due to lack
of stock liquidity.
I originally had high hopes for them when I bought 3yrs ago 1 million shares.
This is a last fleece by Fouler and co.
I will not be holding my breath.

[captainspock] 13/9/2004 00:58

Powlo.......

Sorry but I am a bit confused by what you are saying ??

At first glance you seem to be telling us that existing shareholders should double their money based on the current bid price (ie. £2.00 p/share compared with the £1.00 p/share new share offer to existing holders)

However you end by saying that you expect the new shares to start trading at less than £1.00 p/share, so are we not in fact going to see the value of our holdings slightly decrease ??

Also where does the £2.30 price based on the current bid price come from (don't you mean £2.00) ??

In addition, what are your thoughts on the marketability of the shares after the consolidation takes place as the company seem to think this move is a significant step towards increased marketability of the shares ?

NB. From recent experiences MM's seem to have loads of stock on their hands so is it not likely that they may drop the current price in the short term to entice buyers back in, in order to offload stock ?

[powlo] 12/9/2004 11:00

1000 old shares convert into one new one.
Current bid price is 0.20p so in theory the bid for the
new shares should be £2.00.
We as current holders are being offered the new shares at £1.00 each.
Fantastic - we should be able to double our money however.

This statement from the RNS released 07.09.04 perhaps says it all:-

The Directors have elected not to take up their pro rata entitlements to
subscribe for Offer Shares in order to maximise the number of Offer Shares
available for qualifying shareholders under the Open Offer.

If you were a director and these shares were potentially going to double
your money would you be so generous - of course not.

Also in the RNS:-
As at the date of this announcement, the Group is indebted to Charles Fowler in
the sum of approximately £301,000, comprising a subordinated loan of £85,000 and
cash advances amounting to approximately £216,000. Under the terms of the Fowler
Debt Cancellation Agreement, Charles Fowler has agreed to cancel the debt due to
him from the Company.
Peter Hannen, Proposed Chairman, aged 51, is the sole director and beneficially
interested in the entire issued share capital of Hannen & Co. He commenced his
career in 1972 within the commodity division of Merrill Lynch in London before
joining M. Golodetz as a sugar trader, initially in London and subsequently in
New York. Peter Hannen joined Phibro (now part of Citigroup) in 1978 and, in
1981, moved to Paris to start Richco Sugar for Marc Rich. In 1990, he
co-founded the predecessor of Hannen & Co. Peter Hannen is also chairman of
Celtic Resources Holdings plc, an AIM company with substantial gold reserves in
the Former Soviet Union, and a director of a number of private companies. Peter
Hannen will enter into a service agreement with the Company on Admission for a
period terminable upon 12 months' notice with an initial salary of £70,000 per
annum, based upon him providing his services for two days per week.


Predicted new share bid price will be less than the £1.00 they are
asking us to pay and certainly less than £2.30 value based on current bid.

[the other kevin] 08/9/2004 15:06

True, but is it worth subscribing for more? Where are the fundamentalists to run their slide rules over this?