Midas Capital Share Discussion Threads

[the shuffle man] 21/9/2006 12:00

Been out of these for over a year, decided to get back in today.

I agree with most comments here, they seem to be on a much firmer footing and hopefully profits will come through making the share price at current levels too cheap.

Good luck to all

TSM

[the shuffle man] 21/9/2006 11:06

What date are the results due

Thanks

[andy man] 21/9/2006 10:57

looks like Mondas has something coming.

[mollymolly] 21/9/2006 09:17

It will be interesting to hear how Blue Curve is getting on. We have had an impressive list of names so far this year:

Rabobank - no value given
Brewin Dolphin - initial £220k
Ferris Baker Watts in US "at least" 200k USD
A "Global" bank with rollout over whole world including US. No value


My guess is that these contracts alone will be enough to fulfil the profit included in the T&G forecast for the year. I think they probably need more business to obtain a decent level of earnout. The "global" bank has a first phase due to go live at end Oct. Presumably the global roll out will spread into 2007.

Most important now is that the "global" bank is happy so that other large orders can follow.

[gac141] 21/9/2006 08:59

I feel sure we will get some good news from any announcement. If they allude to making forecast that must be a very good sign. Turning a biggish loss last year into a large profit this year.

I hope the PR reins will be off and that we will have sound story of a business that is moving forward on all fronts.

[steve_wilson] 21/9/2006 08:28

Results will be not be sparkling, although Mondas have made a profit. It will be the statement that comes with the results that will confirm to me and analysts alike that Mondas is secure and is viable; with a mediocre future or a spectacular one. The words say it all.

SJW.

[gac141] 21/9/2006 07:55

Morning Molly

I hope we get some positive comments on how the business has moved forward in 2006. It clearly has. I hope we get some sort of comment about the profit forecast too.

[mollymolly] 21/9/2006 07:23

Presumably some comment on trading with the results.

[cocker] 20/9/2006 19:27

Results should be out next week guys.

[gac141] 20/9/2006 08:26

I agree with Critical Mass being a factor. Mondas must be close. With future recurring revenues should build on this. As we have stressed over a considerable period of time, Mondas is made up of three parts now. Resource which is doing very well, especially this year, Blue Curve, which is starting to perform and justify the price paid and CAPS. CAPS is the one we are all waiting for and could propel the share price well above current levels. We have seen green shoots here too. We appear to have a stable business supported well.

These three parts are all in line to produce a decent profit for the first time ever in Mondas's history. This profit will be the corner stone for future growth within our current business. Once we see CAPS being taken hopefully global it may make the decision for other global clients. This will be when the fireworks begin.

I do not see Mondas as a Raft. Although Jarlath still has a lot to prove on CAPS the other business parts are doing their stuff particularly Bernard Snowe!

George

[rambutan2] 19/9/2006 23:11

for a long time i followed raft, which was another small software company which had a couple of world beating risk products, but despite signing up a number of big clients it struggled to pull in enough orders to really break into profit. last year it was taken over by fio, for not much. in any case, this comment in a post today got me thinking...

Critical mass helps secure new business

One reason for the acquisition of both WMS and Raft was to increase the group's critical mass. Financial strength and client references are essential to the winning of new business, and Financial Objects was especially pleased to find that a client which had previously rejected Raft on the grounds that it was too small, returned to sign a contract after its acquisition.

[mollymolly] 19/9/2006 15:47

The sceptics would point out that the "in line" comments were a month ago ie 5 months to go to year end.

I think you are right George, but the current share price indicates that Mondas has to be more convincing.

[gac141] 19/9/2006 15:35

mollymolly

Resource has always been a great performer and must be kicking in a sizable contribution. Certainly more than last year! Blue Curve was in the forecast for nothing and that must now be looking at a contribution of 3-500k a lot will depend on how close to max earn out Mark gets too. Based on my sums he still has a way to go but should make his mark (scuse the pun) with a good chunk. CAPS is the big question. CAPS has been a heavy drain on the Mondas historical performance. The company says all 3 in line so it is a question of how much is CAPS doing now.

My theory- Resource does net £400k BC does net £300k and CAPS does say 150k net. We are over target. I do not think this is a pipe dream and all will become clear in time. I would like to see a CAPS order, as it would confirm to me and everyone else that the target is very beatable.

George

[mollymolly] 19/9/2006 14:49

I'm confident that we have turned the corner. I expect the 700k profit target to be achieved.

I agree with you Steve, we have been told that the CAPS market is picking up, but only two new name orders so far this year. There is bound to have been substantial business from existing CAPS customers but this is not visible to shareholders. Some prospective deals might be waiting to see the outcome of the Panmure & Finns installations. I'm sure you are right that most shareholders are interested in seeing CAPS orders; nevertheless we should not under estimate the potential for a fat return from Resource and Blue Curve.

I think the price will rise when it becomes increasing clear that the target will be met If we do see any substantial new CAPS business this year then Mondas should start to get very exciting again.

In the meantime Rambutan is likely to be right. There is always a dribble of sellers and unless someone buys then a price fall is possible. Any potential large investors will probably wait until the next trading update or for any investor presentations, which can follow the close period.

[steve_wilson] 19/9/2006 13:20

Did not go to the event.Feel sure Nick Cook would have been complementary about Mondas. The prior Mondas press release said as much. Unlikely to change.

Caps order required convincing many that Mondas are actually on track.

SJW

[rambutan2] 19/9/2006 10:12

anyone go to the stp event? as molly said, it would be interesting to know what nick cook and also the credit suisse guy had to say, as well as the general gist of the event ie an upbeat or downbeat or still-waiting-patiently mood. is the corporate actions touchpaper about to be lit?

the mds shareprice would seem to have reverted to a waiting-patiently-but-quite-capable-of-dropping-to-near-lows mood. thus is life!

[mollymolly] 14/9/2006 11:21

Nick Cook of Panmure Gordon has a 40 minute slot titled "Industry Case Study".

It would be interesting to know what is said.

Panmure went from contract to live in 3 months. That is impressive and reflects the both maturity of CAPS and I sure some excellent project management from Mr Cook.

[rambutan2] 14/9/2006 10:57

stp event today - a good chance for mds to impress.

[spurious] 13/9/2006 16:18

Just to let you know the 20000 trade @13.25p is my purchase
Regards SP

[cocker] 13/9/2006 10:30

Lets all hope so.Fine art,not disappointed,just amazed if the share price reached such highs in such a short time on results alone.

[cocker] 13/9/2006 08:42

PT. If you expect over a 100% rise in the share price purely on the next set of results, then I'm afraid that I think you maybe very disappointed.

[palm top] 12/9/2006 20:11

Mari Time is on the BB again so expect news any day soon.

Reading the words gives me the impression that the forecast is secure and Mondas is about to really give some decent shareholder value. Rambutan went to the meeting and he is 99.9% sure so maybe he doesn't want to say 100%. Will it be a 10 bagger from here? I expect to see 30p when Mondas confirm the hoped for news.

Renewed enthusiasm PT

[cocker] 12/9/2006 13:17

Lets hope the CUL Holders don't attack the ship Mari & take all the treasure for themselves again.