Mkm Group Share Discussion Threads

[pre] 03/8/2007 15:49

15p on the cards ....this moves very fast indeed...excellent news this am concerning the reverse takeover...WH Ireland have now re-rated this from 'buy' to 'outperform':-)))

[andrbea] 03/8/2007 14:35

website in Sydney

[andrbea] 03/8/2007 14:29

MKM Group pushed ahead, 2.25 firmer at 9.25, after it announced the 6.95 mln stg reverse takeover of Australia's Leisure World and its subsidiaries, together the Leapfrog group, and turned in better than expected full-year results.

The news prompted broker WH Ireland to up its rating for the company to 'buy' from 'outperform'.

[andrbea] 03/8/2007 14:08

09:36 8.75 100,000 T 8.5 10.0

[andrbea] 03/8/2007 11:42

mid-morning features:

Debt reduction moves MKM Group 9.25 up 2.25

swing to FY profits; reverse takeover of Leisure World

[andrbea] 03/8/2007 11:07

leisure services is a pretty hot sector today
eg wfc up 13%

[asp1] 03/8/2007 09:50

You been a naughty boy then 2centrat?....lol

btw - looks like we're well in the 5% here.

[andrbea] 03/8/2007 09:44

from LW'w website:


Leisure World is the sole distributor for ICON Health and Fitness. We have inserted a brief out line of their company history.

ICON Health & Fitness, Inc., is the world's largest manufacturer of fitness equipment. The company is headquartered in Logan, Utah, USA.

Executive Summary

With nearly 4,000 employees and 11 locations around the globe, ICON Health & Fitness, Inc. is one of the largest manufacturers and marketers of fitness equipment in the world. As one of the first U.S. fitness companies to venture into the international arena, ICON has facilities located in China, Europe, Canada, and the United States

[andrbea] 03/8/2007 09:39

100k T trade goes through
filled during the morning

would suspect a buy, not a 'sell'

what drove the price IMO early on (before any trades came through)

[asp1] 03/8/2007 09:37

Come on Quotes - get yourself out of bed and join the party, after all

- it is your thread!

[andrbea] 03/8/2007 09:35

smallcaps news (at opening)

[michaelmouse] 03/8/2007 09:31

No problem 2centrat.

Cheers.
Michael.

[2centrat] 03/8/2007 09:29

I do apologise michaelmouse, read your post completely wrong and
have now edited my post..sorry.

[michaelmouse] 03/8/2007 09:29

post 375 -"Put simply I am merely saying that the shares are more likely to surprise to the upside in future than the downside.

They may have lost a client in the second half of the year but the most important thing is that the company is trading profitably. The shares are hardly expensive.

The share price is volatile and could easily shoot up again if they start announcing that they are winning new clients or they make an earnings enhancing acquisition.

Anyway, each to their own investment decision."

Quite accurate I think you'll agree.

Michael.

[michaelmouse] 03/8/2007 09:21

2centrat - My post was dated 20th December 2006 and IS BULLISH if you read it properly. I was suggesting that Mr market had reacted to the downside. This mornings news is indeed excellent!!!!

Please read posts 369 onwards to understand what I was saying back then.

Michael.

[pre] 03/8/2007 09:09

I also think the market views this news very positively indeed, but DYOR as usual..i'm in:-))

[pre] 03/8/2007 09:06

Here's the financial highlights from today's RNS...they read very positively:

Financial

* Group returned to profitability
- reflecting good progress at MKM Concepts

* Turnover of #3.9m (2006: #4.6m)

* Profit before tax of #456,000 (2006: loss of #362,000)
- long term relationships with blue-chip clients driving profitability

* Basic earnings per share of 1.3p (2006: loss per share of 1.2p)

* Strong balance sheet with cash of #1.906m (2006: #1.696m)

* Board views prospects for the enlarged group very positively

[michaelmouse] 03/8/2007 09:01

Pre - Calm down :0).

Post 369 December 20th 2006 -

"So, let me just get this right.

The company swings from a £0.5m loss to just over £0.25m profit in the comparable half year.

However, they lose a contract in the second half and so expectations for the full year are lowered.

So a gloomy scenario would perhaps mean full year earnings of £400,000 from an expected £560,000.

The current share price is 8.75p and if they achieve £400,000 in earnings then the historic p/e (fully diluted) will be just under 11 (full year diluted earnings of 0.8p).

They have £1.8m cash and state the following "Nevertheless, we expect to see the benefit of our recent investment in a strengthened MKM Concepts sales team and the encouraging prospect pipeline, reflected in our order book for the next
financial year."

Might I suggest that Mr. Market has overreacted today?

Just my opinion.

Cheers.
Michael."

Some of us are not quite as surprised as others!!!!!

Michael.

[pre] 03/8/2007 08:52

mm's playing this fairly....i expect we'll be flying past 10p shortly:-)

[pre] 03/8/2007 08:39

This could easily head back northwards...the compnay is in a much stronger financial position than when they last reported...i recollect the share price hitting +20P..

[pre] 03/8/2007 08:37

Looks like we're heading alot higher...must be some delayed big buys coming through shortly:-))

[pre] 03/8/2007 08:24

Looks like MKM have now turned the corner...strong balance sheet and back in profit..bodes well.