Midas Capital Share Discussion Threads

[mollymolly] 03/10/2003 10:27

I find it very difficult to predict share price movements.

Sure if there is some major news then the price will move, but really the price is set very simply by supply & demand. And there ain't much of either for Mondas!

Because of the small market in the shares I am very sceptical of chartist-based predictions.

The business is growing in a very pleasing way and I feel very confident of the medium/long term prospects. If any one is buying the shares for short term gain that is gambling rather than investing. I think a good bet, but who knows when someone might decide to sell or buy large numbers of shares.

[gac141] 03/10/2003 10:09

No need to convince me I expect that Mondas are doing a great job behind the scenes.

I think any positive news will have a significant impact on the price as indeed it should!

Time will tell but there must be something good soon.

I don't know if his has any relevence but if employees are getting shares as options (yesterdays news). It shows confidence.

Yes I noted the tightening of the spread form yesterday to this morning. Usually a good sign.

[palm top] 03/10/2003 09:29

GAC141

You will see the price rising from here. Spread has narrowed to only 1p.

Good time to buy now before the price moves again.

You'll see...

PT

[gac141] 03/10/2003 00:52

Well PT

I am waiting.

Mollymolly nice post- Good to see some high profle corporate names endorsing a clearly excellant product.

Well PT

I am waiting but in no hurry.

I am sure you are right. The company mentioned several contracts in the past and a possibility of a large one.

I doubt whether we have seen anything yet.

I am looking way to the future and I expect the business to show it's prowess over the coming months.

I have recently bought back in and as they say "have put my money where my mouth is"

George

[mollymolly] 30/9/2003 00:35

I missed this on Mondas' website, while I was on holiday. Looks pretty significant. An impressive user panel.

Techinvest this weekend
________________________________________________________________________________


9 July 2003

MONDAS' CORPORATE ACTIONS SOLUTION NAMED
"BEST FOR BROKER/DEALERS & ASSET MANAGERS"


Mondas was voted the leading supplier of Corporate Actions systems for Asset Managers and Broker dealers with its solution, Radica CAPS, following an in-depth assessment by an independent panel of user experts at the 2003 B.I.S.S. City Compass Benchmarking event.

Research and consultancy organisation, City Compass had decided it was time to strip away the marketing hype surrounding Corporate Actions automation. The resulting benchmark event attracted seven vendors, including Mondas, who all put forward products for scrutiny by the user panel which comprised Richard Cato of HSBC, Geoff Dix of UBS Warburg, John Wilson of City IQ, John Waters an Independent Consultant, Rupa Mazumder from DrKW and Ian Harrison of Barings Asset Management.

Having peeled back the layers from information provided by vendors in a detailed questionnaire, the panel conducted challenging interviews to assess the real strengths of each product and establish how they had been deployed. The outcome was that Radica CAPS from Mondas was judged to be the best solution for Broker/Dealers and Asset Managers. In its judgment, the panel emphasised the importance of live sites to validate software in this new area and explained they had given a "weighting" to products whose functionality was in actual use in client sites in the UK and Europe.

Commenting on the success of the event, Gary Wright, Director of City Compass, says: "This was the first event of its kind in Corporate Actions and we were delighted that seven highly respected solution vendors had sufficient confidence in their products to participate in this inaugural benchmarking. On the day, the independent panel assessed Mondas as outstanding in the Broker/Dealer and Asset Management categories and we congratulate them on their success."

Radica CAPS streamlines current Corporate Action processes from electronic capture of event notifications to the processing of election decisions in a Straight Through Processing environment. Everything from capture to systems update is auditable, compliant, electronic and paperless and substantially reduces operational risk. Radica CAPS clients include Brewin Dolphin, GNI Ltd, Man Securities, Close Wealth Management and Credit Suisse Asset Management.
Ends

For further information, please contact:
Sally Johnson Sue Stride/Gerard Blay
Mondas PLC Charlwood House PR
Tel: [phone] Tel: [phone] 8660 3152

[palm top] 29/9/2003 19:02

L:ooking at the charts

MDS about to rise look at link

Check out MACD just about to cross over. Signals rise in price.

Look forward to it!!!!!!!!

[birdie4] 25/9/2003 21:22

Romeo it is endemic with rising stocks that a percentage of comments will have a negative spin, some of which will have a condescending slant as we have just observed.

[romeo] 24/9/2003 23:42

Orange1 - The current pace of announcements reflects the improving fortunes of Mondas. It's important to "keep the pot bubbling" with this sort of small cap share. Future acquisitions, etc. are often done on the back of a rising share price. Puff or not, it's a wise strategy.

I would further add that the share price deserves to be higher based purely on the company's fundamentals, so it's not like Mondas are trying to fool anyone. Solid company, solid future!

DYOR
Romeo

[orange1] 24/9/2003 17:25

>mollymolly

The main rules governing when and to whom companies should make announcements are in the continuing obligations of the Stock Exchange's Yellow Book. Four main provisions deal with the general obligation to make announcements:

The introduction to the continuing obligations states that one of the main purposes of the obligations is to secure the immediate release of information which might reasonably be expected to have a material effect on market activity in, or prices of, listed securities.

A company has to announce any information necessary to appraise shareholders and the public of the position of the company and to avoid the establishment of a false market.

A company must notify major new developments which are not public knowledge and which may lead to substantial movements in the price of its shares.

A company has to ensure equality of treatment between shareholders of the same position.


I continue to hold the view that if Mondas had failed to make the announcements it has made it could not be accused of having fallen foul of the disclosure obligations. In other words the announcements are public relations puff and not made pursuant to any obligation to disclose to be found in the Yellow Book.

[goodgrief] 24/9/2003 14:44

There was a small piece in the FT about the investment banks such as Goldman Sachs etc. having significantly increased their earnings over the last period.

I guess after savage cost-cutting and a freeze on budgets, the banks have turned the corner. Next year, the banks will move their focus from cost-cutting to building up their businesses.

I've seen it before. Where I used to work, they lost £250m one year and the focus that year was on getting rid of all IT contractors etc. The next year, they made £250m, and recruited most of those contractors back again.

The change in business climate should be good for the likes of Mondas, royalblue, Misys etc.

GG

[palm top] 24/9/2003 13:06

mollymolly

Can't agree more.....I am sure it will be.

It is however always good to have a balanced opinion on these BB's as all too often the share gets ramped without due reason.

In Mondas's case I don't think it is unfair to praise "A job wel done"

See yah

PT

[mollymolly] 24/9/2003 11:58

Orange1, I can agree with you that these announcements are not world shattering, and that such announcements are often talked up on this BB, but I can't agree that they are a "nothing announcement"

The Stock Exchange requires companies to announce contracts or arrangements, which are significant in "assessing the value" of the shares; NOT as you say "likely to lead to a substantial movement in the share price". I am not sure who assesses the significance. I guess the company or their advisers, but surely we would expect them to err on the side of caution rather than hold back information which investors might consider significant.

Anyway to my mind an announcement of £365k new orders for a company that has never reported a profit is pretty interesting. OK not as interesting as the December announcement of a £1.1m order, but I am happy to be told about it. It is reassuring and underpins the share price.

Today's announcement follows the July announcement of six contracts for its new Resource Learning Management System. I think it is significant that Mondas is continuing to win new business for a new product. Well done everyone at Mondas.

I hope the next announcement is more exciting for you ...... for all of us

[orange1] 24/9/2003 10:57

>molly molly
My point was that like many Mondas announcements it was a nothing announcement
not negative but not positive either. A contract because of a change in functionality or for additional customisation is run of the mill not one which should be the subject of an RNS which should be reserved for announcements which are likely to lead to a substantial movement in the share price. I was not suggesting any irritation on the part of CS.

Today's announcement is along the same lines. They are bread and butter contracts for a company whose turnover is 3m p.a. By all means a mention on the website but an RNS? Let's not get carried away.

[mollymolly] 24/9/2003 10:11

We have had good announcements in each of the last two days. I am told that bad news comes in threes.

Does good news also come in threes?

Anyway my postings come in threes.

[mollymolly] 24/9/2003 10:09

I forgot to mention the Education orders. Gaining momentum?

Mondas are winning quite chunky orders, with CAPITA losing out?

Increasingly Mondas is looking a safe bet. Steady business; cash in the bank and great upside potential.

A 'bet' with very good odds and little downside risk.

[mollymolly] 24/9/2003 10:03

Orange1, you may well be right that the additional business from CS is for additional functionality rather than new licences. The announcement did not mention licences, but in the 29 April announcement when CS did buy more licences it was mentioned.

Are you suggesting that this announcement is negative? I do not think so.

The initial contract announcement (30 Dec 2002) was surely for a pilot number of licences, the add on sale in April was for an additional 30; there must be many many more to come if CS get it right. It is quite normal for the customer to change or evolve its requirements and also necessary that they pay for it. Sometimes this will be enhanced functionality, but it may also be customisation to fit existing systems.

It is the evolving nature of requirements that makes it very difficult for a competitor to catch up with an established supplier. The product is always evolving and a new entrant has to keep running from behind.

The tone of your posting hints that you think CS may be a bit irritated at possibly having to pay to get the job finished. I am sure that CS will negotiate professionally about everything. They are very experienced purchasers of IT systems and will certainly have pinned down exactly what they were to get for their money in the original contract.

You are right that system requirements are very often wrongly defined or underestimated, that is why there has been such a big move over the last decade to going to outside software houses and buying packages. You only buy what you have seen to work and with any luck seen it working happily in a very similar organisation. There is much reduced risk, known cost and swift implementation.

It seems to me most unlikely that having spent so much time and effort and money CS will not over the next few years roll it out over their organisation.

[orange1] 23/9/2003 19:25

You can't necessarily assume that today's announcement is a positive. So Mondas are going to do more work for CS but there could be any number of explanations for this including a change of specification on the part of CS or an unforeseen turn of events or more work being required than originally anticipated the fault for that being laid at the client's door.Happens all the time and does not mean that the client is happy with the supplier just that the client wants the job finished (properly) and has to pay for the privilege.

[romeo] 23/9/2003 17:58

Seems that today's weakness could be attributable to "disappointment" it wasn't the "big one" we've all been waiting for. Nevertheless, I regard today's announcement as a major positive and reckon we'll see a bit of a delayed reaction to the upside.

Romeo

[birdie4] 23/9/2003 10:36

Thanks Molly, lets hope we can get some buyers today on the news which I would have thought obvious, but what the heck do I know!!!!

[mollymolly] 23/9/2003 10:19

Birdie, yes I think the deal is still on and should with any luck be soon. From experience it takes ages to sign big orders. Those taking up shares in the August placing were convinced that it was still likely.

The holiday season inevitably slows things down. It's not like buying a car – CAPS have organisational implications which will take some time for the customer to sort out. Delay is more likely than losing the contact and I guess we have already had quite a delay!

CSFB really is very encouraging. Winning a software order is often the easy part. Delivering a complex technical product can be risky and very complex. Sometimes your problems just begin when you win a contract. So this is very encouraging. Don't forget the annual licence/maintenance fee. It all adds up and is staring to snowball.

[birdie4] 23/9/2003 09:50

Molly, that was back in June when TS made the statement, do you really think the deal could still be on? I am being a little pessimistic here but hope the negotiations are being protracted because of the size of the deal.

[mollymolly] 23/9/2003 09:32

Excellent news. This is the third order from CSFB. Nothing helps sales like having satisfied customers.

We still have news to come about the big one (see 69 above).

Mondas is perfectly placed to benefit from an upturn in capital spending.

This comment last week about Misys also applies to Mondas:

'"In a note to clients, WestLB analyst Torsten Schellscheidt said: "(The) most
important reason for the upgrade is that we have got more and more evidence from
integrators and banks that tech spending within the financial services sector is
about to improve due to Basel II and IAS39m."'

Mondas have only huge more opportunity with CSFB over the next few years.

[palm top] 23/9/2003 09:29

Dissapointing to see the price fall this morning. Maybe the market expected more??

[birdie4] 23/9/2003 09:24

Very good news indeed Romeo, most of this will go straight to the bottom line and I am even more convinced that MDS will be profitable this year.