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Midas Capital Share Discussion Threads
Showing 5726 to 5748 of 5750 messages
|Change of name to MAM Funds plc
Midas Capital plc, the AIM quoted Fund Management company, announces that,
further to the Company's General Meeting statement released yesterday, the
Registrar of Companies has issued the certificate of incorporation on change of
name and therefore the name of the Company has been changed to MAM Funds plc
with immediate effect.
Dealings under the new name will commence at 8.00 a.m. on 30 July 2010 when the
Company's TIDM (ticker symbol) will change from "MDS" to "MMF"; the ISIN will
remain unchanged at GB00B01WR582.|
|The Company's change of name to MAM Funds plc will be processed in due course.
A further announcement will be made to the market when the name change is
effective. The address of the Company's website, containing information
required under AIM Rule 26, will change to www.mamfundsplc.com with effect from
29 July 2010.|
|Name changing to MAM Funds plc and significant reduction in debt.|
|Midas promotes deputies to flagship funds
Midas Capital Partners has promoted two of its investment team to become deputy fund managers on its two flagship funds.
Simon Callow, who joined Midas in 2005, has become deputy on the Midas Balanced Growth fund, headed by Midas chief executive Simon Edwards.
In 2008 Callow was appointed as assistant manager on the Midas Income & Growth Trust.
Meanwhile Richard Parfect, one of the founding partners of Midas and another of the six-strong investment team, will become deputy on the Balanced Income fund, run by group investment director Alan Borrows.
Previously Edwards and Borrows were deputy managers on each others' funds, and Edwards (pictured) said it was time to raise the profile of the other team members, which also includes Mike Taylor and Mark Wright.
He said: 'We have a team of six here and it is time to recognise some of the contributions the team are making.' He said there would be no change in the way the funds were managed overall, with the team process continuing to be used.
Both funds have outperfomed peers in the IMA Balanced Managed and Cautious Managed sectors. The Balanced Growth fund has returned 24.7% in the last year to end of May, above the Balanced Managed sector average of 18.7%.
Meanwhile the Income fund returned 17.3% versus the Cautious Managed return of 16%.
Fund management company Midas Capital's executive chairman Colin Rutherford and director Martin Gray have increased their stakes in Midas, Rutherford by 350,000 shares bringing his stake in the company up to 1.8% and Gray by 257,000 bringing his holding to 2.8%.
Rutherford is presently executive chairman of the board and took over as chief executive in March last year when CF Midas Balanced Growth manager Simon Edwards stepped down to concentrate on fund management.
Rutherford said: "The recent share purchase is hopefully a precursor to further activity in the stock. I believe Midas has now turned the corner and despite these markets, as a focused fund management operation, we are in a good position to exploit this volatility."
Gray was appointed a director of the company in mid-May and runs a raft of funds including the CF Miton Strategic and CF Miton Special Situations portfolios.|
|Another director purchased shares at 22.5p on the 23 June.|
|Three directors buying £100,000 worth of shares...........|
|Market cap is only £15 million and operating profits should exceed £5 million.
Shares could fly when the market wakes up to the opportunity here☺|
|Ticker changed to CORO- See new thread.
Thanks to everyone who contributed to this BB!
|George, are you going to start us a new thread soon with Corero in the title?|
|A big thank you to the buyers today who have helped me re-coup some very big loses.|
|Long time coming but it looks like the slippage is resolved.
Corero on the buy list for someone.
|As already said on here there is a lot of confidence being shown by the directors and they have been making their investor presentations.
I would have thought that many potential investors will wait to hear about the slipped contract, and perhaps to see the next deal before buying. They will have to buy at a higher price, but less risk.
As far as I know there is nothing that has happened today to cause any excitement. Just a few buyers about for a change?|
|Dont you just love this board. 10% upswing and not one comment. On most boards on this site that would warrant about 100 posts. Just goes to show how unloved and unrecognised this company is. Time for all that to change I hope.|
|Looks like buyers are out in force. Odd for a down day. Is good news on the way?
|Thanks G and P I am going through the numbers just now and have got my hands on the presentation. Will give company a call with my list of questions and see what they have to say
|Only blue on my monitor today lol|
the shuffle man
Good to see you here on the BB.
Corero- as we will be on Thursday morning has made a big transition and the turnaround last year was pretty significant. The directors are in a 'go get it' mood at the moment and I am confident that with the new changes, Corero will deliver to shareholders in 2007.
Roy you are most welcome to contact me.
|i popped into the egm and as expected it was all pretty unexciting stuff. nothing said that wasn't in the statement.
what i will say though it that there weren't any glum faces and the general feel was one of upbeatness albeit mixed with frustration at the current level of the share price, something which board, broker and pr are making an effort to lift.
prelims are likely to be at the back end of march by which time it is very much expected that any delayed contracts will have been signed.|
Nice to see you still follow the thread. Im sure George or I would be only too delighted to bring you up to speed so do get in touch
|I'm not expecting much of a statement(if any).
We have had trading update in Jan and will have to wait for the prelims next month for a proper update.|
|Is anyone going to the egm & what time is it?|