Minorplanet Systems Share Discussion Threads

[gelp] 08/5/2008 16:19

A declined 40p cash offer is 40p (read my lips!), not 2p, not, 20p not 39p, and any statement put out would have been passed by the legal team etc etc. I think we can assume that the board & advisors have evidence that the company has more value!

[jm barrie100] 08/5/2008 15:54

Lucky Punter - embittered ex-employee and grammatically-challenged consultant to the TfL (what news on the bendy buses?)

You are a muppet - please read the RNS announcements and engage brain before putting pen to paper. The written proposal was no doubt conditional on the third paper being able to undertake due diligence. Are you seriously suggesting that a take-over could be agreed that would require existing shareholders to hand back some money if profit performances were not met in the future? New one on me.

"I suspect it was a condition rather than the figure that offended as 40p is way over worth." Please get someone to re-draft your reports before they are sent to Boris Johnson, otherwise he is going to think you are a complete idiot.

Finally, still waiting to hear whether the beloved CYH (well done for ensuring CYH gets a mention in your latest post) overpaid for its recent acquisition.

And finally finally, fingers crossed that we meet up at the CYH 2008 AGM, I really want to meet you.

[lucky punter] 08/5/2008 14:46

Well that makes the management a big bunch of fools then or a greedy bunch of fools. 40p a share is just laughable. It does make you wonder at a true value for Cyh based on that. It must be atleast triple MPS given the rate of growth at Cyh and the vastly superior product range.
It will be interesting to know what is conditional about the offer ie future performance related. I suspect it was a condition rather than the figure that offended as 40p is way over worth.

[davidosh] 08/5/2008 14:17

LP....Please read the RNS statements in full

The bid was confirmed in writing as follows...

Approach for the Company

The Board recently received a written conditional proposal from a third party
outlining a possible cash offer at 40p per share. The Board, having consulted
with its advisers and several institutional shareholders, believes that this
materially undervalues the Company's leading position in the telematics market,
its strategic position and its prospects and, consequently, declined the
conditional proposal. There can be no guarantee that an offer will materialise
nor as to the terms on which any offer will be made.



Now I tend to agree although I certainly was not consulted for the avoidance of any doubt on that point.

[lucky punter] 08/5/2008 14:10

CM
As you and I both know the UK is booming now for Telematics sales with Cybit securing 1.2 million a month in new contracts over the first three of four months of this year. Both companies perform stronger in the second half of their year but MPS are spread far to thinly around the globe with no resources available to develop any of their markets. They need to grow turnover period on period but they are currently still in decline. They are at the top of a stall cycle. Every management (even EIT) say they are market leaders but how can MPS be when their technology is still so far behind and their deployed unit numbers are decreasing.
The post from Davidosh suggets 50p+ as a level for a bidder. I suggest that the original approach was sub 20p and any further bid will not be more than 10% up on that. Clearly it will not suceed until the share price drops back as it surely will.

[cheshiremoggie] 08/5/2008 11:50

I would have thought the results are quite important.

A mixed bag with turnover down but growth in the UK.

CM.

[davidosh] 08/5/2008 11:21

The second half always appears to be the stronger one and management are still confident about full yr expectations so looks fine to me. The bidder will have to get over the 50p level to sway any investors who supported the placing IMO

[gelp] 08/5/2008 11:04

offer ws 40p - is anything else important?

[lucky punter] 08/5/2008 10:10

I guess this bit is in reference to the pestering of existing customers to terminate and renew existing contracts.

Our SME sales teams performed more effectively, following an increased focus on
account renewal activity and a change in the Group's commission schemes.

[davidosh] 08/5/2008 08:37

Do any of you guys want to comment on this bit in the intro ?


Minorplanet's product portfolio was placed firmly back at the forefront of the
telematics market following further significant investment during the period. We
continued to upgrade the functionality of our software and now provide a 'self
hosted' version of our VMIgreenlightTM product as well as the traditional
'hosted' solution. We introduced a new fixed data terminal and an Application
Programming Interface ('API'), which provides an opportunity to integrate with
other software providers and applications. Further imminent developments include
an engine management system interface and an enhanced mapping and reporting
capability.

[sdavis] 08/5/2008 07:21

Offer was 40p cash per share......

[davidosh] 07/5/2008 20:55

I suspect the results will be slightly later than last year as these are the first under IFRS regs so along with most I expect MPS to be taking a little longer with the audit etc.

As for tissues Efc123 I just hope we do not need them after the weekend games and that we can stay one spot ahead of Villa...a draw will do !

I can cope with whatever happens here at MPS and the bid possibility provides the end of season excitement rather like the play offs !

[efc123] 07/5/2008 20:25

Results?? get the tissues ready!

[roofer2] 07/5/2008 20:08

davidosh,
Any time now for the interim results, the 2nd half give a clearer picture as the earnings are heavily stacked towards to 2nd half as per normal for the sector.
The Company also developed a number of value
added resellers in both the UK and overseas markets during the year, with a
notable contract signed with Omnix International LLC for distribution in the
Middle East and North Africa, i would like to see an update on news there .

Distribution Agreement with Maporama International we are told comes to full steam in the 2nd half
Good news from Germany wouldnt go a miss lol


good luck all
R2

[davidosh] 07/5/2008 11:58

Incidentally the results will be out any day soon so then we can put some real numbers into the mix of discussion....bid or no bid !!

[roofer2] 06/5/2008 18:05

efc,
filtered

[jm barrie100] 06/5/2008 17:04

Warren - you are a wit and a master investor.

Pray tell, what age are you?

[efc123] 06/5/2008 17:01

Zzzzzzzzz

Rodger

[jm barrie100] 06/5/2008 16:55

Warren - best of luck with your investments, you do seem a mature sophisticated master investor - JMB

[efc123] 06/5/2008 16:49

Oh and Kerching again.....

[efc123] 06/5/2008 16:48

kerching again....

[efc123] 06/5/2008 16:48

kerching...