Minorplanet Systems Share Discussion Threads

[andre] 23/5/2009 09:01

From the last trading update -

"As a result, the Group will be loss making in the six months to 28 February 2009
and the Board expects that the Company's results for the full year to 31 August
2009 will be significantly below current market expectations".

Results were then delayed from the initial date quoted in this RNS - 6 May to 28 May. Doesn't sound very good to me. And if there are 'strong results coming through from the Corporate team' then the market would have been notified surely as it would affect the expectations of the market?

I would expect the worst here. Or if not the worst, pretty close. IMHO. I would guess the line will be something like - 'the banks remain supportive and we expect jam tomorrow - despite being back to being a loss making concern'.

[andre] 22/5/2009 21:41

Oops. The drop today means that someone doesn't agree. Unless you are closer to the company and know better martin44?

[martin44] 22/5/2009 13:37

Yep I do as I understand with the strong results coming through from the Corporate team that the going is now looking a great deal better....

[andre] 22/5/2009 09:40

Results due 28 May. Does anyone care anymore?

[paulypilot] 01/5/2009 22:52

Hi,

In the most recent trading statement, they said that H2 is expected to be cashflow positive. And one would imagine with the car market & bank lending moving in the right direction, we might be OK here, who knows? Will just have to wait & see.

Regards,
Paul.

[andre] 30/4/2009 21:24

I know it is quiet here but there seems to be an echo developing. ;o)

[cheshiremoggie] 30/4/2009 13:24

You must truly be a stock guru to ascertain that from the 'notice of results' announcement.

LOL

[andre] 30/4/2009 13:22

Results in line with greatly reduced expectations.

Your turn CM. ;o)

[cheshiremoggie] 30/4/2009 13:12

You must truly be a stock guru to ascertain that from the 'notice of results' announcement.

[wilba] 30/4/2009 11:03

Results slightly better than expected.

[andre] 21/4/2009 19:35

I doubt that you would even get NAV as there are still things that could come back to bite anyone who takes this over. Admin is the best bet for anyone interested. That way they would buy any assets left without the threat of unexpected losses.

40p? That was a supposed offer which didn't get past due diligence. With the price at 5p and the company loss making? I think the realisation must be 'substantially below MPS's expectations'. All IMHO.

[pachnes] 21/4/2009 15:51

So gents, where are MPS going? Rights issue or trade sale? Something must give before they run out of cash - and that's what, three months 'ish away. Or will interested parties wait for admin - if indeed there are any interested parties? Would the main investors back the current management team again - they've been at it for over five years now? What is MPS worth at trade sale? Is it still worth 40p given it's now loss making or are we now looking at its net asset value?

[cheshiremoggie] 20/4/2009 08:30

Mmmmm......

I dont think its Barclays who are investing in MPS.

CM.

[wilba] 20/4/2009 08:02

Paul,

Barclays Increased holding last week. They are investing in small caps. Everyone went up last week following their investments. Also Barclays cannot afford any risky investments at the moment, so i feel this has some mileage.

Regards.


Holding(s) in Company

TIDMMPS TIDMBARC

RNS Number : 6320Q
Minorplanet Systems PLC
15 April 2009


TR-1:notification of major interests in shares

+------------------------------------------------+------------------------+--------+
| 1. Identity of the issuer or the underlying | Minorplanet Systems Plc |
| issuer of existing shares to which voting | |
| rights are attached: | |
+------------------------------------------------+---------------------------------+
| 2. Reason for the notification (please tick the appropriate box or | |
| boxes) | |
+-------------------------------------------------------------------------+--------+
| An acquisition or disposal of voting rights | X |
+-------------------------------------------------------------------------+--------+
| An acquisition or disposal of financial instruments which may result in | |
| the acquisition of shares already issued to which voting rights are | |
| attached | |
+-------------------------------------------------------------------------+--------+
| An event changing the breakdown of voting rights | |
+-------------------------------------------------------------------------+--------+
| Other (please specify): | |
+-------------------------------------------------------------------------+--------+
| 3. Full name of person(s) subject to the | Barclays PLC |
| notification obligation: | |
+------------------------------------------------+---------------------------------+
| 4. Full name of shareholder(s) (if different | Barclays Stockbrokers Ltd |
| from 3.): | |
+------------------------------------------------+---------------------------------+
| 5. Date of the transaction (and date on which | 8 April 2009 |
| the threshold is crossed or reached if | |
| different): | |
+------------------------------------------------+---------------------------------+
| 6. Date on which issuer notified: | 9 April 2009 |
+------------------------------------------------+---------------------------------+ | 7. Threshold(s) that is/are crossed or | 9 to 10% |
| reached: | |
+------------------------------------------------+---------------------------------+
| 8. Notified details: | |
+------------------------------------------------+------------------------+--------+

[paulypilot] 17/4/2009 22:49

Hi,

Signs of life at long last.
I'm assuming recent share price rebound is probably just in sympathy with all small caps which are bouncing from majorly oversold territory.

I thought this stock was cheap at 32p (ouch), but hopefully it should survive & prosper with the recovery happening in vehicles markets right now. Secondhand values have fully recouped falls of last year. And a mate if mine in car finance says they are rushed off their feet. Credit flowing again, to credit-worthy people & businesses apparently.

Fingers crossed anyway.

Regards,
Paul.

[roofer2] 10/4/2009 22:41

Remains to be seen how they can raise any funds
With the S/P at these levels, can see cobra being
Involved at some level especially if a competitor
Enters any bidding.
The fat lady is in rehearsal, so sad for yet another British
Company

R2

[cheshiremoggie] 10/4/2009 11:46

Yes I think you are being a bit cynical. The share price had 2 days to drop like a stone - and it did.

CM.

[tracking] 10/4/2009 11:34

Was it a calculated idea to release the news just prior to a long bank holiday weekend? or am i just cynical?

Regards
Tracking

[snowman10] 09/4/2009 19:03

market cap sub a million now

[dell314] 08/4/2009 09:15

Whatever happened to Scrutable from lemming investor?
I never did get my apology.....

Rgds
dell

[pedr01] 08/4/2009 08:43

Is it me or are there some contradictions here?
-----------------------------------------------

Don't need to analyse it too much ... only words that matter are


SIGNIFICANTLY BELOW current market expectations.

[red imp] 08/4/2009 08:41

No need to buy it - wait for administration and get it for nothing.

[bearstalker] 08/4/2009 08:37

Wonder whether Cybit (CYH) will pounce for gthis now - at less than £2m capitalised I guess they could mop it up, provide synergies and use any tax losses?

[tom306] 08/4/2009 08:11

Not a good update for a company in Minorplanet's condition. BTW the update said that the increase in large company sales had been MORE than offset by SME slowdown which makes it worse!

[andre] 08/4/2009 08:00

RNS Number : 3151Q
Minorplanet Systems PLC
08 April 2009

?




Minorplanet Systems plc
("Minorplanet", the "Company" or the "Group")


TRADING UPDATE


The Board of Minorplanet is issuing this trading update in advance of its
interim results for the six months ended 28 February 2009, which are expected to
be announced on 6 May 2009.


Substantial progress achieved in larger corporate sales, which increased by 169%
in the UK on the comparable period last year, has been more than offset by a
marked downturn in revenues from SME businesses, particularly in the UK. The
restricted availability of lease finance for Minorplanet's customers in this
sector has had a profound impact on revenues in the period. Significant order
volumes have been received by the Company which it has been unable to complete,
as customers have not been able to obtain finance from third party leasing
providers. The Board is pursuing new funding options for the Group's products in
all its key markets.


As a result, the Group will be loss making in the six months to 28 February 2009
and the Board expects that the Company's results for the full year to 31 August
2009 will be significantly below current market expectations.


Actions taken


Significant headcount reductions have been made, particularly in the UK (15%)
and Australia (18%), to counter the decrease in sales. The Company's bank
remains supportive of the business and the Board expects the Group to generate
positive cash flow from trading in the second half of the year. Working capital,
however, currently remains under pressure and the Board is exploring options to
address the Group's short term funding requirements.

________________________________________________________

Is it me or are there some contradictions here?

Major progress, increase in large sales which offset SME slowdown. BUT the company expects to make a loss and the board expects full year results to be 'significantly below' market expectations??? Sounds like double speak.

Their bankers are being supportive - through more losses?? Not for long I bet. And funding will not likely come from banks right now who have better things to do with their money like pay down their own debt.

'The board is exploring options to address the groups short term funding requirements'. That'll likely be a cap in hand moment on the way then. But who is going to put up money now without a massive guaranteed return? Especially whilst they still have the big Spanish case hanging over them which is an unknown but potentially hugely costly.

More likely the lights will go out on MPS IMHO.