Midas Capital Share Discussion Threads

[amt] 18/1/2007 07:46

I thought they might have better things to do like getting shareholder value rather than spending money on a name change

[birdie4] 18/1/2007 07:44

Mondas Change of Name

RNS Number:7141P
Mondas PLC
18 January 2007

Mondas plc

("Mondas" or the "Company")



Change of Name


Mondas has been transformed during the past few years both by organic growth and
the acquisitions of Eclipse Learner Systems Limited and Blue Curve Limited,
which have resulted in a number of Board changes and significant restructuring
of the trading operations of the Company. The Company's expanded product range
has enabled Mondas to make significant international sales to growing markets
within the financial services sector.



This growth has seen the Company's turnover increase from #3.97 million for the
year ended 30 April 2004 to approximately #6.3 million (unaudited) for the year
ended 31 December 2006.



The above developments have altered the business considerably and the Board
believes that to recognise these changes and to reposition the Company for the
next phase of its development the name of the Company should be changed.
Accordingly, the Board proposes that the name of the Company be changed to
corero plc.



In order to action the change of name a special resolution must be passed at a
general meeting of the Company and accordingly an Extraordinary General Meeting
will be convened to be held in February 2007, details of which will be posted
shortly.



Jarlath McGee (Chief Executive) commented:



"The Company has made great strides over the last couple of years. We have
extended our business both in terms of what we offer our customers and our
widened geographical reach beyond the UK. We see the name change as a positive
step for the future."



18 January 2007

[damanko] 17/1/2007 15:02

rambutan2, I would say that Foresight C holders have had their holding diluted, (ie by having the Ordinary Foresight VCT shares dumped on them) - but it makes little difference to Mondas, the same number of Mondas shares are still held, I believe.

[rambutan2] 17/1/2007 14:44

noted, and means that our largest shareholder (the C shares) has effectively diluted down a little its port % in mds...

Conversion and redesignation of shares
Board composition


The Board of Foresight VCT plc announces that following approval at the EGM the
Ordinary Shares fund and C Shares fund have now merged.

The respective net asset values were calculated on 15 January 2007 at 56.03p per Ordinary Share and 81.43p per C Share, and the conversion ratio has therefore been calculated as 0.6880756. Ordinary Shareholders will therefore receive 0.6880756 C Shares for each Ordinary Share held at the close of business on 15 January 2007. Accordingly 14,791,348 Ordinary Shares were converted into 10,177,029 C Shares. Following this conversion there were in aggregate 45,153,120 C Shares in issue, which have now been redesignated as 45,153,120 new Ordinary Shares.

In addition, as explained in the EGM Circular, Roger Blears, Peter English and
David Royds have now resigned from the Board of the Company.

[rambutan2] 15/1/2007 22:52

Hi gac,

thanks, i suspected that was the case.

of course, the good news is that another company has excepted the inevitable and bought itself a corp actions system - albeit not caps this time. i'd be surprised if others don't also (finally) go for a corp actions solution in 07 and disappointed if a few of them don't choose caps.

here's hoping...

[gac141] 15/1/2007 17:54

Hi Rambutan

I think you will find that the part of the business we dealt with is not one of the same. I have to say that I am not expecting anything from HSBC in the short-term. I think there will be plenty of other prospects as this market has started to gain some momentum.

Still very confident of this years progress.

George

[rambutan2] 15/1/2007 08:35

CheckFree 1 Caps 0...

[rambutan2] 13/1/2007 23:49

12 January 2007
The Company announces that it received notification that, following a sale of
200,000 ordinary shares on 2 January 2007 (at 14.188p), FF&P Small Cap UK Equity Fund, a sub-fund of FF&P Global Equities Umbrella Fund, now holds 1,550,000 Mondas ordinary shares, equivalent to 4.21 per cent. of the total number of voting rights in respect of each class of share in issue in the Company and admitted to trading on AIM.

The Company has also been notified that as at 22 December 2006, AXA Investment Managers UK Limited ("AXA") held 3,703,413 Mondas ordinary shares, equivalent to 10.56 per cent. of the total number of voting rights in respect of each
class of share in issue in the Company and admitted to trading on AIM.

Furthermore, the Company has also been notified that the AXA shareholding
comprises a beneficial interest of 42,000 ordinary shares, equivalent to 0.11
per cent. of the total number of voting rights in respect of each class of
share in issue in the Company and admitted to trading on AIM, which is held by
Sun Life Pensions Management Limited and a non-beneficial interest of 3,661,413
ordinary shares, equivalent to 9.94 per cent. of the total number of voting
rights in respect of each class of share in issue in the Company and admitted
to trading on AIM, which is held by HSBC Global Custody Nominees (UK) Limited.


So, that means that fram sold 187,500 between sept 1 and dec 22.

[cocker] 10/1/2007 08:07

Rambutan2; Fridays trades were all T trades,thus meaning they could be on a T5,T10 or T25 & the buyer has that much time before he/she has to either sell or pay for them.

[jw885] 10/1/2007 08:06

Just a year since Tim Simon sold his shares.

Management will have stopped watching their backs wondering what he might be up to.

I think we should double from here on any reasonable news.

[mollymolly] 10/1/2007 07:44

Steve,

I agree we do need confirmation that the slipped contract is signed - sooner the better.

We need fuller information, but is is likely indeed that Blue Curve will be able to make very substantial gains in 2007. A one off 100% growth is not likely!

We have not, as yet, heard enough about CAPS, but from the comments made it has been trading profitably(for the first time?) and of course the Resource business is secure.

Is it the Blue Curve aquisition that has heralded Mondas' dramatic turnaround?

[cocker] 09/1/2007 13:19

share price may struggle to rise until those 300k T trades positions on Friday are closed

[steve_wilson] 09/1/2007 12:12

Mondas is well positioned to take advantage of the renewed call for IT and Corporate Actions automation. Front and back office staff are at capacity and do need such systems in place.

Management will need to deliver on promises and will be important to confirm the contract slippage has been concluded. Moving forward and albeit an assumption, Mondas could become a very busy business in 2007 returning to favor with institutions and investors.

SJW

[rambutan2] 08/1/2007 23:31

anyone been following the lse takeover battle? in its defence the lse keeps on noting how trading volume has grown, and it has quite hugely...

this great growth must surely be impacting on back offices across the city and their ability to cope with corporate actions = step forward caps - don't be shy!


also, in ft today (pg2) "Financial services jobs grow to record levels" notes that ...financial services cos are upbeat about their investment plans for the year ahead... Capital expenditure for the coming year ahead looked set to be higher than predicted three month's ago for all categories of investment... The survey also highlighted life insurance and investment companies plans to increase spending on IT.

[rambutan2] 08/1/2007 12:39

yes, approx 35% recurring rev for 07 should attract some interest. especially along with the growth of blue curve.

caps, where art thou?

[mollymolly] 08/1/2007 08:34

I have just looked again at last Wednesday's announcement.

The increase in contracted support revenues by 47% last year to £2.8m is a fair chunk of the £7.5m revenue projected for 2007.

When the results are published it will be interesting to see the deferred revenue numbers. We are starting 2007 in a very strong position. The Blue Curve contracts/ renewals at the end of the year must be benefiting 2007 and we expect to hear soon about the £300k slippage from December into Jan.

[rambutan2] 07/1/2007 20:40

in friday's ft (pg20) there was a piece about Thunderhead... "which specialises in computerised document services, was rated the fastest growing company in the communications section by software mag in the US. It is one of several entrepeneurial companies profiting from the boom in the City of London by selling ancilliary services to investment banks. For Thunderhead, the hot area is credit derivatives."

at the bottom of the piece was an explanatory piece entitled "Investment Banks Try To Bridge Divide By Bringing Back-Office Issues To The Forefront Of Their Affairs", which i thought could also be applied to some extent to caps and to a lesser degree blue curve.

[edjodav] 07/1/2007 15:36

any news relating to mondas in the tabliods today

[birdie4] 06/1/2007 17:32

George, I think the problem with Techinvest is that they have rated it a buy so many times in the past to no avail hence possibly the current rating.
Ironically Mondas is historically in its best position financially and operationally so if it was a buy previously why not now?
I continue to gain in confidence that our patience is about to be rewarded.

[cocker] 06/1/2007 09:10

very small piece on mds in this months techinvest. The article informs readers of a new deal with Ingenious for its blue curve software. Recovery hold.

[gac141] 05/1/2007 16:46

Not that quiet......... 305,000 trades all BUYS. Stock is being accumulated somewhere.