Mice Group Share Discussion Threads

[scburbs] 10/11/2006 12:43

AXA looks like a small disposal, but it is pretty impressive that MEG is owned 13.4% by AXA and 15% by HSBC. Anyone have a full institutional shareholding list to hand?

[rivaldo] 10/11/2006 12:35

Yep, only 8 days away - get your T10 bets on now!

IanDippie - agreed :o))

[besbury] 10/11/2006 12:32

Interims: Wednesday 22nd.

[iandippie] 10/11/2006 08:52

Shares Rag think that a full recovery is only a year away, so when it reaches that point, given the current eps forecasts, and Rags target of 48p, that would put them on a historical pe of 10! And they consider that fair value for a company fully recovered? Who writes this stuff! I'm looking for 60p minumum a year from now. And if the impending results are much better than expected, that could be 60p within 3 to 6 months, and 80p next year.

[rivaldo] 09/11/2006 21:21

Yep, that nice 167k buy caused today's rise. Hopefully an indicator of more institutional interest to come pre-results.

Interesting to note that at £75m MEG isn't too far off promotion to the FTSE Small Cap index. A bit of a push after the forthcoming results and further share price rises would become a self-fulfilling prophecy if the City sensed that MEG would be promoted at the next quarterly review.

[nur0mancer] 09/11/2006 16:49

Delayed late Buy 167,342

[mickystone] 09/11/2006 13:58

and we're off!

[besbury] 09/11/2006 13:38

Thanks TTNY. Sounds quite encouraging.

[rivaldo] 09/11/2006 13:23

Yep, ta from me too. The target price is very understated imo, but it should have encouraged a bit of interest. Looks like we're on our way again.

[qalbabbass] 09/11/2006 12:07

thanks TINY

[thistimenextyear] 09/11/2006 08:09

Shares Mag article this week - featured as one of 12 recovery plays in its cover article "Stock market investors love a good comeback story – and
there are always listed companies around whose share price
has collapsed but stand a fighting chance of getting back off
the ropes. Andy Macdonald unveils some contenders ripe for
a turnaround"


coverage on price ...

The marketing company hit choppy waters in 2004 when
pressure on margins put a halt to profit growth. The shares
took a beating, slumping 45% to 36.99p in 2004, and spent the
following year struggling as reorganisation costs hurt the
business. UK and German operations underperformed and
revenue was hit by a major contract delay. The shares have been
trading sideways since.

A new strategy sees an expansion of services in North
America away from just conferences and exhibitions, which
suffered from seasonal downturns. Mice has added broader
marketing services, including communications. The
performance in 2006 indicates progress in recovering profit
growth, including notable wins in the Middle East.
Debt is being reduced, but still needs more work. Cash flow
also remains an issue. Stockbroker Evolution believes the UK
division is still eating up working capital because of larger
production runs, continued settlement of 2005's exceptional
costs, payment of the final dividend and the group's
seasonality. A full recovery could still be a year away, but 15%
upside in the shares to 48p is viable in this period. (DC)

Regards
TTNY

[rivaldo] 09/11/2006 08:05

Nice to see an early tick up again...

[scburbs] 09/11/2006 07:56

rivaldo, Agreed although it is always useful to here what the TA is.

[chef] 09/11/2006 07:20

Added some more yesterday at 40.5p :)

[rivaldo] 09/11/2006 07:18

I agree (from one amateur chartist to another!) that the bounce is encouraging scburbs - though I prefer to look at fundamentals which imo generally win the day over charts.

MEG get a plug in today's Shares Mag - anyone got the full text?



"SHARES MAGAZINE

12 Companies Ripe for Turnaround:
*....Mice Group...."

[scburbs] 08/11/2006 13:50

Any chartists here? It looks to my amateur eye that today's rise may indicate that the previous break of the 40p resistance has now created a floor of support at that level. Good to see it bouncing back, although I was just getting ready to top up.

[rivaldo] 08/11/2006 10:32

Back up we go....

[besbury] 06/11/2006 21:31

Looks like 1.2m has found a more secure home today, in a X trade at the mid price.

[thistimenextyear] 06/11/2006 13:49

I will be happy to add to my holding if the price falls much further. As I totally agree with you comments the medium-long term trend looks firmly upwards. Things the results on 21st Nov (from memory or thereabouts) will verify the breakout of the previous trend.

[rivaldo] 06/11/2006 09:09

Ian, I wouldn't worry too much. I have a feeling today's dip is rather artificial. Results are out later this month, and we now know that they'll be pretty good - and it sounds like the outlook will be just fine too.

Perhaps the MMs are happy to drop the price on a couple of small sells to gather some stock in prior to the results?

[18bt] 02/11/2006 18:13

Yes Oriel coming in has raised the average forecast for 2007 a bit.

[thistimenextyear] 02/11/2006 07:06

Besbury - good spot. All very positive.
IanDippie - Yes PE should be much higher (when MEG is finally acknowledged for its turnaround). Resulting in 70-80p share price. Institutions seem also to be aware of this as they have been over last 6 months taking positions.

Let's hope for a sustained push northwards.