Mice Group Share Discussion Threads

[rivaldo] 06/7/2006 20:13

Besbury, she probably asked the broker to get £10k's worth of shares including commission - this works out at £9,756 plus extras.

A significant buy:
- the FD is best placed of anyone to know what's going on at MEG
- this represents £15k of taxed income for an FD, who are usually extremely tight if they're good at their job and are also the worst paid exec directors.

Yet another positive sign.

[scburbs] 06/7/2006 18:21

I have been thinking along similar lines to Ms Leyshon and have added another £400pp over the last couple of days.

[besbury] 06/7/2006 17:56

RNSs coming thick and fast from MEG tonight. Well, a second one anyway.

Could be what prompted Ms Leyshon to buy a few with her own cash.

[besbury] 06/7/2006 17:25

I agree SteMiS. I wonder why she did not go for a nice round figure of say, 30,000.

[stemis] 06/7/2006 17:20

Not a huge purchase but welcome none the less. It's hard to imagine the FD spending her own money if things weren't proceeding to plan.

[besbury] 06/7/2006 17:07

Director buying a few.

[boadicea] 06/7/2006 14:57

rivaldo - I generally try not to post o/t except perhaps for a side-mention while posting on-thread. However, point taken. While about that, I have seen you on a number threads so you are likely to know most of the ones I find promising - such as RCG, IGE, CAR, SMRT or SRT/SRTW.
Have you looked at TRX? This is another one that looks like it has been engineered down in price. Its stretched debt position could imply a placing would be sensible but the insti's will want their pound of flesh. Trading position looks good. Any views?

[rivaldo] 06/7/2006 14:35

At last a move up - on the offer anyway.

Boadicea, you should have flagged RTD up here then! Shame about CEL's acquisition, I'd have liked to buy back in there, but imo that's put the kibosh any decent rise there for a while now. Just waiting for some institutional or corporate activity on MEG now - surely an inevitability given the turnaround and outlook?

[boadicea] 04/7/2006 20:24

QAL/rivaldo - The main thing will be to get them in the right sequence rather than all going up at once in order to serialise the gains.
It looks like BDI could be on its way to 140p soon if they decide to give a trading update and it's good. There's definitely expectancy of something around today.
However, MEG and CAR are the ones I want to wait a bit because they are PEP/ISA-able and that's where most of the RTD cash will be if it gets sold. There's a lot of chicken counting going on over there (i.e. RTD) and I fear they don't fully realise that the bargaining could go on for some months yet.

rivaldo - You should have been in RTD. It's been a no-brainer since the first approach by Fleetcor (~175p?) and then being walked back down to 135p by clever strategic institutional selling/buying tactics. Up to 173p today with expected take-out (well?) over 200p.

[rivaldo] 04/7/2006 19:43

I rather hope MEG goes up to 60p asap so I can make more gains and buy into BDI, FDP, BOI, CAR etc etc!

Anyone got any post-AGM analyst forecasts? The latest I have is:

2007 2008
Broker Date Rec Pre-tax(£) EPS (p) DPS (p) Pre-tax(£) EPS (p) DPS (p)
Evolution Securities Ltd 06-06-06 BUY 9.80 4.10 1.10 10.80 4.50 1.20

Since the AGM was encouragingly in-line I suspect the forecasts will be unchanged, which leaves MEG on a current year P/E of 8.1...

Given the turnaround in MEG's fortunes I can't believe that MEG will stay independent for long if it continues to have such a low rating on the markets.

[qalbabbass] 04/7/2006 16:52

good point!!

[boadicea] 04/7/2006 15:01

QAL - I rather hope MEG stays down until RTD have reached my target so that I can serialise the gains!

[qalbabbass] 04/7/2006 14:34

Hopefully we will be getting some action here soon, like RTD, my other holding.

Q

[iandippie] 30/6/2006 11:17

Well, I've just chucked my childrens CTF funds at MEG. Can't think of a more likely share to do 50% to 100% over the next 12 months.

[fellowes2] 29/6/2006 10:43

I always thought that the Market would need to see another set of results before a re-rating. Maybe a little frustrating shorter term, but longer term MEG looks like becomming a powerful recovery play.

[besbury] 29/6/2006 10:17

boadicea - 27 Jun'06 - 21:27 - 1614 of 1615


Besbury - The mm's have been absorbing some sells at 32.5 and below so maybe they have stock to pass on to a favoured buyer with a known interest at a good price. Like you, I would have hoped for more - perhaps 1.5p or so. As always, boredom plays a big part with pi's and no doubt any lift will be short lived followed by further drift until we get the half-year figures or possibly a trading update in September. (Previous years have not had one but I get the impression that the present management team is a little more forthcoming.)
In the mean time and barring surprises, we shall probably have the chance to make unhurried additions to a holding that I think will prove to be good value a year or two hence.

It looks like you are right boadicea.



Holding(s) in Company

RNS Number:3581F
Mice Group PLC
29 June 2006


Mice Group PLC ("the Company")

Holding in Company


The Company was notified on 28 June 2006 by Platinum Fund Managers Limited
("PFML") that, following the purchase of 1,581,000 ordinary shares of 4p each in
the Company ("Ordinary Shares") by certain funds management by PFML, it has a
notifiable interest in 9,081,000 Ordinary Shares representing approximately 5.17
per cent. of the Company's issued Ordinary Share capital.


The above Ordinary Shares are registered as follows:

Registered Name Account Number Number of
Ordinary Shares

Bank of New York Nominees Limited 310008 9,000,000
Governor & Company of the Bank of
Ireland 4276784 81,000



29 June 2006



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

END
HOLBKLFLQQBFBBF

[scburbs] 27/6/2006 22:12

Evening All,

Another positive statement and I took the opportunity to make another small £250pp addition to my position. Let's not forget that MEG is still on a financial distress type of valuation despite the improvements that have been made. The continuing positive statements whilst only confirming things are on track should over time help to remove that valuation discount. I will be looking to add further to my MEG position over the coming months. A similar opportunity presented itself between late 2005 and early 2006 which proved to be good value.

[boadicea] 27/6/2006 21:27

Besbury - The mm's have been absorbing some sells at 32.5 and below so maybe they have stock to pass on to a favoured buyer with a known interest at a good price. Like you, I would have hoped for more - perhaps 1.5p or so. As always, boredom plays a big part with pi's and no doubt any lift will be short lived followed by further drift until we get the half-year figures or possibly a trading update in September. (Previous years have not had one but I get the impression that the present management team is a little more forthcoming.)
In the mean time and barring surprises, we shall probably have the chance to make unhurried additions to a holding that I think will prove to be good value a year or two hence.

[besbury] 27/6/2006 17:16

With all the buying following the trading statement, it is surprising there was only .5p on the share price Largish "T" of 820k on the mid price, at the close of play.

[rivaldo] 27/6/2006 11:59

Yep, an excellent AGM statement. This is interesting:

"Our International Division continues to strengthen its relationships with Motorola as well as Lucent Technologies, Xerox and Atos Origin."

Name-dropping, or hints of greater things to come?

MEG are on a current year P/E of just 8 based on 4.1p EPS. A 50p share price would still be a P/E of only 12.2, plus it's ISAble. As Ian says, looks a good safe haven now with 50%+ price growth potential.

[iandippie] 27/6/2006 11:28

Just topped up. 20% below recent highs, ridiculously low forward pe, statement confirms progress is on track (nice to see that they say "our expectations" rather than "the markets expectations" - I reckon that their internal expectations are slightly ahead of the market). And can buy at a lower price than the directors and chairmen recently did. A safe haven.

ID.

[pbracken] 27/6/2006 11:23

MEG was (is) well over-sold technically, and this reassuring statement should give an excuse for buyers to take up new positions.

I've been persuaded, at least.

[stemis] 27/6/2006 11:21

Yes, steady as she goes......

The Board reports that trading in the first quarter of the new financial year
has been encouraging and the outlook for the year remains in line with our
expectations at the time of the preliminary results announcement in May.

[besbury] 27/6/2006 11:07

A tick up following the AGM statement & trading update.

[boadicea] 23/6/2006 11:05

May to end of August is a long run without any likely news issuing and a gentle decline (boredom factor) does not indicate anything wrong imho. In fact it's probably the best time to buy/top up, possibly around the 31p mark if we're lucky in about 6 weeks.
Of course, news or diectors' buys may intervene.