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MEG Mice Grp.

6.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mice Grp. LSE:MEG London Ordinary Share GB0006064751 ORD 4P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 6.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 6.00 GBX

Mice Group (MEG) Latest News

Real-Time news about Mice Grp. (London Stock Exchange): 0 recent articles

Mice Group (MEG) Discussions and Chat

Mice Group Forums and Chat

Date Time Title Posts
08/11/201308:50Merlin Entertainments - a rollercoaster ride...22
18/7/201205:54MICE GROUP SOON TO BE A QUARTER BILLION POUND COMPANY2,353
06/6/200712:39MICE GROUP > ROBBIE BURNS FILLS HIS BOOTS. 2.6.035
16/11/200621:13test-
23/10/200611:15MICE GROUP ABOUT - HEADING NORTH!9

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Mice Group (MEG) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Mice Group (MEG) Top Chat Posts

Top Posts
Posted at 08/11/2013 07:42 by lord gnome
We need a new thread. The EPIC form Merlin is MERL, not MEG. I'll put one up.
Posted at 08/11/2013 07:17 by rivaldo
Not bad allocations - 315p start price. Looks like there could be a decent premium:



"Retail investors who applied for the minimum of £1,000 of shares have been allocated 317 Ordinary Shares, corresponding to £998.55. Those who applied for more than £1,000 have been allocated 317 Ordinary Shares plus 55% of the excess amount, subject to a maximum subscription of £27,947 (8,872 Ordinary Shares). The qualifying number of Ordinary Shares for the shareholder benefit is confirmed as 317 Ordinary Shares, corresponding to an application for £1,000 of shares."
Posted at 07/11/2013 14:20 by bookbroker
Best wait and see, heard price to be 315p, not exactly top end of range, it'll probably pop straight away and then fall away, this is no state privatisation but I'll be surprised if it does not go to a small premium, no kids so not interested in the incentives.
Posted at 07/11/2013 10:05 by nat7
Has anybody got a grey market price for these ?
Posted at 04/11/2013 09:24 by strollingmolby
hxxp://www.merlinentertainments.biz/



Revised Expected Timetable

Time and Date (1) (2)
-------------------------------------------------------------------------------------------------
Latest time and date for receipt of completed application forms from retail investors by the Intermediaries in respect of the Intermediaries Offer
5.00 p.m. on 7 November 2013
-------------------------------------------------------------------------------------------------
Latest time and date for receipt of indications of interest from institutional investors in the Institutional Offer
5.00 p.m. on 7 November 2013
-------------------------------------------------------------------------------------------------
Publication of the Pricing Statement containing the Offer Price(1)
8 November 2013
-------------------------------------------------------------------------------------------------
Conditional dealings in Ordinary Shares commence on the London Stock Exchange(3)
8.00 a.m. on 8 November 2013
-------------------------------------------------------------------------------------------------
Admission and unconditional dealings in Ordinary Shares commence on the London Stock Exchange
8.00 a.m. on 13 November 2013
-------------------------------------------------------------------------------------------------
Ordinary Shares credited to CREST accounts where applicable(4)
13 November 2013
-------------------------------------------------------------------------------------------------
Commencement of posting of share certificates in respect of Ordinary Shares (where applicable)(5)
By 27 November 2013
-------------------------------------------------------------------------------------------------
Posted at 18/7/2012 05:54 by lucky_punter
Finding gold in future will become an increasingly difficult prospect according to a new report out today.
The Canadian mining analyst Metals Economics Group (MEG) said it's not that there is no gold left to mine, but that there is no "easy" gold left as discoveries struggle to keep up with the pace of mined production.
Posted at 13/8/2008 10:17 by hectorp
Dear Me - these were one of my 'strong hold's years back at 110p.
- MEG gone?
Posted at 07/5/2007 09:46 by pbracken
Insitutional investors in MEG know that the debt figure will be around #55m at the half year, which is somewhat higher than expected. Equally, the cause of the rise is the need for working capital to service large blue-chip contracts - the revenue figure will show impressive growth.

The crunch question, as I say, is will MEG deliver a profit on these contracts? The market is pricing-in its scepticism that it can. This issue goes beyond the acccounting right-down that MEG recently flagged, which I believe is only a precursor to the real problem: MEG's poverty of systems and controls that disable it from knowing if its UK business is profitable.

This is what the audit review is tasked with to uncover. My instinct tells me that more bad news is on the way (and indeed, that is what the market expects); but obviously I don't know for sure and at 10p a share it may be that the downside v upside risks make the stock an atractive speculative punt.

The key to any meaningful re-rating, though, is MEG's ability to punch a big hole in the debt. That means finding a buyer for the UK division - and fast.
Posted at 04/3/2007 15:03 by scburbs
erstwhile2, You are quite rightly describing the historical m.o of PE. Things are changing in the P.E world and it no longer solely goes in for regearing lowly geared companies and taking back out their acquisition funding. The PE market is much more competitive and the early easy wins of this type have gone already.

So the easy wins have gone, but the PE funds have more and more money still seeking returns of 15-20% p.a. This is why they are hitting the press more and more because they are moving beyond their historical m.o. and into a wide variety of businesses where their target 15-20+% IRR's can be met. The potential IRR is the key driver for them as the ability to simply regear to make 15-20% IRR has largely gone.

Whilst MEG probably isn't an ideal candidate for PE it is cheap and has assets that can be sold off to finance part of the initial cost.

Ultimately PE will look at the earnings yield of the target and the cost of debt to secure the company. If PE can return MEG's earnings to 4.66p and for ease of numbers lets say the takeover price is 46.6p then MEG's takeout P/E is 10 and an earnings yield of 10%.

Based on 177m shares the acquisition price would be c.£83m. A PE fund might borrow 80% of that at say 6%. This leaves there equity requirement at c.£17m for a business that would return £8.3m p.a. (based on the above numbers, this is not a forecast it is an illustration based on an earnings yield of 10%). Of that £8.3m, £4m would go to servicing the PE funds new debt. This leaves £4.3m return on £17m equity or 25% p.a. This is well within the sort of return acceptable to a PE fund.

The reason MEG doesn't fit squarely in the PE model is that it doesn't have working capital under control and profits and cashflow do not currently match. Also the lack of forward visibility as illustrated by the recent TS would also be a problem for PE. However, the relative ease in which a 25% p.a. return could be forecast indicates that PE may well want to closely look at MEG and whether those particularly problems can be resolved. So IMO the truth in relation to the PE potential for MEG lies somewhere between the views expressed above.

I agree with erstwhile2 that the current main drawback is the lack of predictable free cash flow, but PE may consider they can solve that with better working capital management. In truth they are probably a better fit with a competitor (certainly not for them to buy a competitor though!!!) to spread central costs over a larger volume of business to improve margins.
Posted at 19/1/2007 10:45 by stemis
jelfsie

Instead of of consoling yourself with conspiracy theories about insider trading maybe you should learn to read the signs a bit better.

I can assure you it's no consolation. However the fact is, the share price suddenly dropped by 10% in the week before this RNS having been pretty steady in the 6 weeks after the initial drop caused by the interims. Coincidence?

Nonetheless, I hope your losses are manageable if you have been trading.

I wouldn't worry about my losses, they are quite manageable. Even after MEG I am comfortably up just in January alone. However that is not really the point.

No doubt it was all so obvious to you (as it always is to those who pop up after the event). Just like the 27% drop in the share price of Leadcom in October and November was obviously a sign that things were going disasterously wrong. Except the share price in that case recovered 25% leaving those who sold after the drop well out of pocket.
Mice Group share price data is direct from the London Stock Exchange

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