Share Name Share Symbol Market Type Share ISIN Share Description
Midas Cap. LSE:MDS London Ordinary Share GB00B01WR582 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 20.50p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 13.4 2.3 9.1 2.3 14.26

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Date Time Title Posts
02/8/201011:32MIDAS Capital9
01/3/200708:37Mondas- A New Phase!2,286
04/5/200509:04Mondas- Onwards and Upwards891
18/11/200412:41MONDAS : A Tenbagger from here1,646
31/7/200323:06mondas about to rocket1

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magpie99: Thank George. I am wary of the PE argument for 2 reasons. First it does not factor dilution. Second who is to say that the market will afford even a PE of 10 to Mondas with its track record. Its more likely give it a PE 5-10 for a couple of years and see what happens rather than be genorous. I am having a glance at a company with an innovative product just like Mondas. The company is RC group maker of software for security solutions. I find it usefull to study such a company as it gives a model for what management need to do to produce a successful company with rising share price. For instance it concentrates its efforts where it is good at, it doesnt have 3 legs to business as Mondas does. It doent seem to have this odd finance of the CULS( that have to be renegotiated again and again), and makes use of a rising share price to raise funds. The shareholders are happy and this is very good for the image of the company and must help to win new business.All in all the company has a buzz about it. Newsflow is strong and the company has connections in the right places. Mondas doen not conform to this type of model in any way, and therefore I do not believe predictions about the share price
magpie99: I did try to warn you all about the predictions of a 25 p share price by last Christmas and that the share price would " easily get to 25p" Even after this update from the management this share price does not even remotely seem to be able to rise to the challenge. Worryingly there is no news about orders for our CAPS flagship system, the main reason why many of us invested.No news about whether HSBC will implement the system they have bought. There is no evidence yet of any attempt by the management to get our company noticed by the press. No PR in evidence.Without a rising share price we will suffer unnecessary dilution from the BC earn out, making it harder for the share price to rise. The progress made is encouraging, but we invested in Mondas to make money and want to see a rising share price and that to me on these numbers, as I have said before looks some way off.
mollymolly: Rambutan, I agree with you that the share price should be higher. When Mondas acquired Blue Curve, I thought it impossible that Blue Curve could achieve the maximum earnout. Now it looks likely. I for one am happy about this. Not only have we had a huge amount of profit from Blue Curve this year, surely the base is one from which even bigger things can be looked for in 2007. I agree that it would be disappointing to pay the earnout at 17.5p share price (the company has, I think, a cash option). However, I do feel confident that the share price will be very much higher when payment is due around March next year. You comment on the size of shareholdings of the directors. Of course most comparable companies have founder directors who hold much higher stakes. We got rid of our founder! We can only guess at the financial position of the directors. It would be silly however, to assume that they have loads of cash, but do not want to invest. I presume Mr Fairman is not allowed to invest as he represents Foresight. Colin Peters has 1.6M shares so has a keen interest, and Ian Selby bought some more just over a month ago. Magpie, I am sure that there is a solid level of support for the directors and although the share price is still low that does not mean that the company could be bought at anything like the current level. Most holders are long term holders who have invested in the hope and expectation that the Company's products will take off. We are very unlikely to agree to sell just when things are coming good.
mollymolly: Magpie, You have not mentioned any problems at all that could conceivably cause the issue of more shares in order for Mondas "to buy its way out of trouble". The major problem that Mondas has is that its shares are poorly rated. The evidence is that all parts of the business are performing well. Trading profitably and therefore cash generative. There will not be a cash call. You are right about the £1m raised; add to that the £534k at the ½ year and cash generated in the second half to get my guesstimate of £2m. The other causes of share issue would be another acquisition and the payment of the earn out to Blue Curve in March 2007. Neither of these eventualities could be called "buying out ...of trouble" The two acquisitions made so far have been very successful. As far as I am aware there is no likelihood of making further acquisitions at this sort of share price. I agree with you that "critical mass" is significant, but I am sure that the directors would take the view that any future deals will have to be at a much higher share price. Now that it is clear that the business is running well in its three market areas, it makes more sense to allow organic growth to prove itself before buying more companies. You are right about the likely issue of shares to Blue Curve at the completion of the earn out. The T&G forecast assumes that Blue Curve would perform at the minimum level and so no additional payment would be made. My guess is that 50-70k is included in the T&G number for Blue Curve. If they are to make the full earn out, I think that there will be at least an additional profit of 500k coming from Blue Curve alone. At the half year we had a provision for additional payment, clearly some substantial earn out payment will be made (in cash or shares) THIS HAS BEEN A GOOD BUY. Most of us bought Mondas shares because we got excited about the CAPS prospects. The CAPS market really is still there. Very very slow progress has been made over the years. Most institutions are still processing Corporate Actions manually and it is obvious that this area will be automated over the next few years. Mondas does have the world-leading product and several other companies are trying unsuccessfully (so far) to compete with Mondas. There is no short-term prospect of your 2 or three global rollouts and nor are any needed to make the 2006 and 2007 forecasts. If/when? Mondas does achieve 2/3 global rollouts (value say £8-10m) Mondas will be highly values indeed. I certainly agree that CAPS has been frustratingly slow, there has been a protracted and painful period of development. I believe that we can be confident that we now have a robust and mature product. Panmure and Finn were installed smoothly in 3 months, and we would not be getting the global rollout if there were still software glitches or deficiencies in the functionality. You ask will the performance of CAPS justify the investment? – We will have to see over the next year or two. Certainly, so far, it has cost more than it contributed. This year clearly we have turned into profit on the CAPS business. We do need more CAPS deals, we have been told that prospects are better than ever, but we all know how frustratingly slow it can be to land new business. Mondas has landed more CAPS business this year than in any other and the global CAPS rollout, especially including the US, is a very exciting development. Shareholders can be excused for scepticism, as we have seen many false dawns over the years, but we are in pole position to take advantage of the emerging CAPS market. I agree with the comments from you and spurious about PR. The share price is just where it was after the following: . Charles Stanley Contract . MDM Bank in Russia . Decent Interim results with bullish outlook statement . T&G BUY note with 25p target . Ian Selby buys shares. All of that and the price falls!!! What nonsense. I know that the directors will be looking hard at that. The directors must be doing something wrong for the share price not to rise significantly on 5 decent bits of news. Certainly, I have to accept that my expectations about the share price have been wrong, I have held many Mondas shares for years now and have an average buying price of just under 30p. I can assure you I am most unhappy about the performance of my Mondas investment. It would make an already long post a monster to go into the history. Anyway it is the future not the past we should look to. Over the years I have got to know Mondas well and I am sure that we are in the best position EVER. Of course we want more. We want CAPS, BC and Resource orders, but I believe we really have turned the corner to consistent profits growth. I believe that the forecasts are reasonable with a much better chance of being beaten than missed.
magpie99: All " knowledgeable" shareholders have been saying this for many years, but have proved themselves delinquent in their forecasts. The Mondas management has not been able convert improved financial performance, into share price gain. Any improved share price will be used to more raise funds and issue more shares, keeping a lid on the share price, as selling software is an expensive businees as we can see. I will not comment on what I think the share price could be as I see this as irresponsible.
spurious: Hi amt My understanding is that the main body of re-negotiated culs are not due for redemption until oct 2011. The share price is irrelevant and as george pointed out why would the holders give up an annual return at twice the current bank rate.It would also not surprise me that certain guarantees would be given by the respective parties so that the benefit of certainty would be underwritten. Perhaps your post was referring to the additional £1m placing where if the share price reaches £1 for 30 consecutive days then the culs have to be redeemed. That would be a situation we would all be delighted with Another thought I am sure we would all ,including the directors, be extremely dissappointed if the share price was not in the 40p range within 12 months and substantially higher over the next few years. What is to prevent a further re-negotiation of culs from a position of strength in 2/3 years as I would feel the culs holders could still be willing to enjoy the attractive divi and if we had a share price of say 65p in 2/3years then a re-negotiation for a futher 5 years at say a price of say 40p would represent an attractive proposition (a near 25% discount to the then strengthened Mondas share price with a guaranteed annual divi of 100% above the equiv bank rate} with an 80% improvement from the current proposal to shareholders. My point is the dilution only occurs when the shares are redeemed and I agree with Rambutan that I believe when the market recognises what is being achieved then the share price will move into line. In 2/3 years Mondas will be an entirely different beast with at least one new acquisition. I hope we will see a growing presence in America and the far east led by Blue Curve initially but with Caps feeding off the cross-selling opportunities world wide. I hope to see Caps with at least 2 global orders from major financial institutions with several broker deals and established as a genuine world leader. I hope to see Resource double its profit within the next 2 years . I hope the coming 12 months results will deliver £1million profit and when as I believe all of this does become reality then I hope the share price will reflect real value I genuinely believe that we could see the additional culs placing redeemed within the allotted timescale due to a higher share price ie in excess of £1 within the next 5 years. I am really trying to point out that Mondas will have a good degree of flexibility by this latest move so dilution may well not be anything like as drastic as initially thought ,if at all( should re-negotiation occur) These, some may say, may be the ramblings of someone who has just staggerred off the park bench and set his plastic mac on fire downing his 20th meth flambee in a row.I would like to think that they were the honest and considered remarks of a fellow shareholder. We will see a substantial improvement in the next few months and good ol Mari would seem to agree Regards to all SP
romeo: The share price ought to be closer to 50 pence RIGHT NOW. I am quite puzzled by the market's failure to re-rate the MDS share price accordingly.
orange1: Ok boys, I shall name my source: Growth Company Investor who sent me this info on 4.5.06: " Mondas turnaround gathers pace Having announced the signing of four new contracts in the past six weeks (from UK investment banks JM Finn and Brewin Dolphin amongst others), the turnaround at financial software business Mondas appears to be gathering pace. To chief executive Jarlath McGee the improvements reflect the significant changes made to the company over the past two years. Mondas continues to sell a range of specialist and more general business software solutions to financial market and public/private sector clients. Yet recent times have witnessed the acrimonious departure of the group's former founder, the rationalisation of its software offerings and an increasing focus on acquisitions. These adjustments have led to a gradual improvement in fortunes. Mondas floated on AIM in 1998 and has yet to produce a genuine profit, but latest figures - for the year to April 2005 - represented the company's best effort thus far. Sales were up 16 per cent at £4.6 million and a pre-amortisation and exceptional profit of £79,000 was achieved against an £800,000 loss 12 months earlier. With two recent acquisitions (offering complimentary software products) now integrated, Mondas hopes to push on more rapidly. House broker Teather & Greenwood expects a £320,000 profit from £6.2 million of sales for the current year and with the company currently valued at £5.86 million, the shares have speculative appeal. Market cap: £5.86 million Ticker: MDS Share price: 16.75p"
nilip: Morning everyone. Must admit something certainly seems to be brewing in the Mondas camp - after such an elongated lack lustre performance (and that's putting it mild) from the likes of a company with such excellent potential, which so many, including myself, expected to be trading at a multiple of todays price with a trading performance to match ... well it's been a long wait ... so lets hope our loyalty and patience is about to be rewarded. I have to confess I've been sitting on a paper loss for some time on my Mondas holding with an avg. price of 31p - I remain confident that I shall once again be in significant profit. I haven't been posting much of late on this thread, but I appreciate reading the on-going comments from the long term Mondas die harders like, Mollymolly, Andyman, gac141, steve wilson, spurious, rambuton, orange1, romeo ... et al ... Indeed, like many of the regulars, I've been holding on very tight to my shares through the thick of it, confident that ultimately this company will deliver and the share price will multiply - recent share price movement on such rediculously low volume buying seems to indicate that we could well be on the way ... and that this could well be the beginning of some significant (long over due) and fruitful share price movement from this company. Any good news, which I genuinely believe will come, possibly soon judging by the share price movement, could propel the share price back to the 40-50p mark. MDS already has significant big name, highly reputable and respected investment banking clients. I remain very confident.
cocker: From where i'm sitting spurious stands more chance of seeing flying pigs then a mds share price recovery.
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