Mice Group Share Discussion Threads

[amu240] 19/10/2006 11:46

moving again

[besbury] 19/10/2006 11:00

Looking good this morning

[amu240] 19/10/2006 10:28

the market is just waking up i think great recovery play

[iandippie] 19/10/2006 10:11

Wow. Beginning to believe perhaps a suitor has already approached MEG?

[rivaldo] 19/10/2006 10:08

Looking even better now :o))

[rivaldo] 19/10/2006 08:48

The chart looks interesting now - one little push and there appears to be blue sky till around 52p?

SteMis, I see 60p as a reasonable target within the next 6 months. Assuming the March y/e trading statement confirms everything is in line or better, the market should start rewarding MEG for its turnaround and re-rate it nearer to its sector comparators. A P/E of 13 or 14 would still be well below the sector average (perhaps to reflect the decreasing but still relevant debt), but would give a share price of around that 60p mark.

And if the price doesn't re-rate then MEG must be a prime takeover target as per this morning's paper talk.

[stemis] 19/10/2006 08:06

I think 70p is a little ambitious without concrete progress on debt reduction. Personally my target was 50p as I said on TMF

"Current forecast is £9.74 PBT and 3.97p EPS putting MICE on a forward 2006/7 P/E of only 9.6, which still looks cheap.

The critical factor in a re-rating to a more sensible level will be progress on debt reduction. At 28.2.06 net debt stood at £44.1m. If MICE can get this moving consistently downwards and look like they are on track to meet the 2007/8 forecast EPS of 4.37p then I don't see why we shouldn't see a share price of 50p+ within 12 months."

Of course in a takeover we might see closer to 70p.

[qalbabbass] 19/10/2006 07:40

Thanks rivaldo, that is excellent news!!

Would I be too greedy to suggest MEG will reach 45p today?

Any predictions before the opening bell?

[qalbabbass] 19/10/2006 07:37

Thats a pe of 10 which is good value. If they obtain a higher than expected EPS, which is what I am expecting, then hartlepoolfc2 you estimate of 70p seems reasonable.

[rivaldo] 19/10/2006 07:33

Nice....from today's Guardian:



"Finally, keep an eye on conference and training group Mice. It added 2p to 41.75p, an 18-month high, as one trade went through at 43p. Traders said it would make a good fit for a larger media group looking to expand."

[hartlepoolfc2] 18/10/2006 21:31

Bought 3K of these today, it's new 12 month high today should put it on the radars of a few investors in the next few days. I have been in and out of these for years and did very well back in the good old days a few years back. The newish chief executive seems to have turned things around and the institutions seem to be buying in. Can easily see these at 70p+ once the results are out next month and people can see the profit coming through on the large turnover. I have never made a loss on MICE and I won't this time either. The results should highlight how cheap these really are.

[amu240] 18/10/2006 17:48

welcome aboard adorling whats your price target

[adorling] 18/10/2006 13:09

I'm back in again to MEG after a 2 year absence. Chart looking good on breakout and momentum strong. Have bought 12500 at 43p

[rivaldo] 18/10/2006 12:00

81,700 shares bought at the full 43p offer...

[rivaldo] 18/10/2006 11:41

Amu240, yep - HAS already turned into! Unfortunately it means you have to check two sources of trades for info rather than just one now (for those stocks listed on PLUS anyway).

[mickystone] 18/10/2006 11:41

would not be surprised to hear a bit of takeover talk. rise is fantastically welcome but a bit suspicious about what is causing it.

[amu240] 18/10/2006 11:22

so buys on the plus market dont show on advfn but can still make the price rise what the hell is plus in a nutshell is that what oftex is turning into????

[rivaldo] 18/10/2006 11:15

There she blows - breakout!

Amu240, there's 34k of buys on PLUS this morning:


And the early 27k trade may have been a buy too. As was the 26k at 42p just gone through :o))

[amu240] 18/10/2006 11:03

and this is on 2 sells

[iandippie] 18/10/2006 09:04

It's got the wind in it's sails now...

[rivaldo] 18/10/2006 09:02

Looking very good! Another mini-breakout now and just a small push needed for a more important one.

[thistimenextyear] 17/10/2006 08:06

Nice run recently.

Struggling with the resistance level on the chart at 41-43p.
Once we have cleared this next stop 55p.
Remember interim results published on 21st Nov (in 4 weeks time).
If these are good with v.positive forward statement this could be the driver we need to break this resistance level.

Fingers crossed. Still holding.

TTNY

[rivaldo] 15/10/2006 12:17

Couple of recent press releases from MEG not posted here yet - in both cases MEG have won prestigious awards from campaigns with blue chip names:



"10.10.06
MICE wins 'most effective' Brand Experience Award for Motorola MotoFunkTour
PDF - 28kb

29.09.06
MICE wins gold award for Xerox global technology exhibition
PDF - 24kb"

[moneybags] 13/10/2006 10:59

Scburbs...Yes, Well done that man...

Regards , Moneybags