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MM. Mood Media

25.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mood Media LSE:MM. London Ordinary Share CA61534J1057 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 25.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 25.50 GBX

Mood Media (MM.) Latest News

Real-Time news about Mood Media (London Stock Exchange): 0 recent articles

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Date Time Title Posts
14/11/201317:08Mood media meets mcdonalds43

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Mood Media (MM.) Most Recent Trades

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Mood Media (MM.) Top Chat Posts

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Posted at 22/2/2012 16:50 by the big fella
Price flying across the pond. Bodes well for tomorrow.
Posted at 22/2/2012 15:01 by the big fella
Yes, interesting times. The Canadian price is on the verge of breakout (it's right at the top of the trading range.)This is a decent growth stock on an undemanding rating. If we break out this could easily go to £3 PDQ.
Posted at 02/2/2012 12:59 by the big fella
Saucepan - it appears we share some similar investments :)
Posted at 02/2/2012 12:14 by saucepan
320,000 buy gone through. Institutional accumulation?

MM. certainly has a head of steam at present. Long may it continue - the low P/E and high growth certainly warrants it.
Posted at 27/1/2012 08:14 by the big fella
I really like this company. I can only summise from the recent price weakness they are doing the rounds on a fund raising. On fundamentals these are cheap. If the get under 130 I will get stuck in. If I am right on the fund raiser then once that is out of the way will be the time to buy.
Posted at 22/1/2012 17:49 by saucepan
Is anyone still looking in on this thread? Do you have an opinion on the Company?

MM. came up on one of my ShareScope stock screening filters today, but I cannot find out much info outside of ShareScope.

It is flagged as 'Canada's fastest growing company'! It has a Rolling P/E 2 of just 4.7: which seems incongruous for such a high growth stock. However, I note that a director regularly off-loads his shares, so that is obviously not so good.
Posted at 28/9/2008 15:35 by wdurham
hi, malkie -

Don't think you quite understood what I wrote -

"SETS - an order-book driven system, whereby investors who have DMA can enter orders directly on the LSE order book. Market makers are also obliged to maintain 2-way firm quotes on the said order book so that investors can buy and sell even if there are no orders - other than the MM firm quotes - on the book.

DMA - a service offered by brokers to their clients enabling them to enter orders direct on the order book, without obliging them to go through market makers and pay yellow strip price."

I wasn't talking about the broker's order book but THE order book! I don't have DMA because my preferred broker doesn't offer it, so don't know the minutiae - but as far as I can see, if you DO use a broker that offers DMA, your orders go straight on the book via your broker's connection to the exchange. As a private investor, you can never have that direct connection yourself, in your own right, only through an intermediary.

As far as I am aware - and I just checked - TSX and ASX operate in much the same way. Joe Public can't simply log into the exchange and put orders on the book. It has to be done via a broker or other intermediary, if only so that the order details can be filtered to ensure they meet exchange rules and regs. Without those checks and filters, any order of any size at any price could be put onto the book, causing chaos and a breakdown of orderly trading in a matter of seconds....!

There's an interesting article here about how to get the best prices/spreads out of SEAQ, which is now a bit old but still useful. It also discusses DMA in brief:



The real root of all of the problems is the growth of non-advisory, execution-only electronic trading over the last few years, so that ringing your broker is now not even considered as a means of placing a trade! There are folk investing/trading now who have never done anything other than electronic trading from their PCs, and that have never even spoken to their broker, and perhaps don't even know that they can...

But how many times do you see "I can't buy!" when all the poster really means is that the electronic system won't deal with him and demands a limit order for later execution, or electronic trading has been suspended. The answer is ALWAYS, if you are serious about the trade, to pick up the phone.....you will not only get filled (as long as your order is not outrageous in terms of size) but you might even get a better price!

Many electronic brokers just take the yellow strip - though some "price improvers" will do what they can to get inside the spread for you. My broker proudly tells me on-screen, when I complete an electronic order, if it has done me a better deal than the yellow strip - which is nearly always!

I totally agree that SEAQ is a real pain. About half the stocks I own are still SEAQ based, and yes, I deplore the spreads. But (a) I understand why they are so large in low-liquidity stocks; (b) I deliberately avoid trading such stocks on a regular basis, sticking to fairly long term deals; and (c) if the spread is truly horrendous, I don't deal at all, no matter how tempted I might be. After all, a stock with a massive spread is viewed by the MMs as risky to their financial health/wealth - should we not take note of that and wonder if we WANT to be exposed to so much risk?

I can't see any way of bullying the MMs into surrendering their big spreads on high risk, low-liquidity stocks - it is, after all, their safeguard against being caught in a large loss-making position. They are obliged to trade at NMS or below at no worse than yellow-strip prices - they have no choice under LSE rules. The spread helps them moderate losses. In the old days it used to be called the "jobber's turn" - I remember learning about it in A Level Economics!

The only alternative is what you have suggested - doing what the MM system was designed to avoid - and contacting other shareholders direct. If your dealing requirement is large, then this can be by far the most effective route. A friend of mine was recently able to place a very large holding in a TSX listed company at favourable prices simply by calling the company and asking them to find him a buyer....

Or you could set up a website along the lines of Genes Reunited, where in a secure and anonymous environment, those with a sell requirement could make contact with those who had a buy requirement. But how would you secure any subsequent transactions and ensure that nobody defaulted? Answer: you couldn't! Again, the SEAQ system was developed to circumvent all these problems...

Our best hope is for SETS to be extended all the way down the AIM rankings, and whether we have DMA or not, we will benefit, because yellow strip spreads tend to shrink in an order book environment. We benefit from that even if we still have to buy via the broker/MM chain.
Posted at 13/9/2008 12:32 by malkie
A Market Maker learns
Private Investors
will have a choice in future!






This thread is intended to start a debate about the state of the AIM Market Maker system and its effect on AIM Small Cap stocks.Set it as your favourite and keep checking back for updates.

The poll which started 5th September had 184 responses by the end of our 1st day.

As of 10th September it is now up to 825 thanks to a nice mention in moneyweek.com by our friend and PI champion Dominic Frisby!

We want to get numbers up to at least 5000 and send a petition to the LSE and the media.....

Please support us, just post a quick comment (even if its just to say hi!) and it will help keep the thread up in the ratings - and you will be part of it!!

The www.killthespread.com website is up and running, please keep checking back here for updates.

We really need the support to keep going - especially in the early days!!

So if you can just post a quick word or two on the thread - and please tell everyone you know!!!

If you have a view on this issue, then make yourself heard!!

any questions to: info@killthespread.com

.........................



this by Dominic Frisby in Moneyweek 10th September 2008



Aim – a chance to have your say

Just before I go, some months back I had a go at Aim and its market-maker system. (See: What's wrong with AIM? ). It's another case of a poor incentive structure, I'm afraid. Well, it seems I've started some kind of revolution and some noble private investors have taken it upon themselves to hold an enormous poll about Aim and go to the London Stock Exchange (LSE) with the results.

Their incentive is both financial – as a better market will mean their investments will fare better – and moral, in that if they succeed they should be hailed as heroes by all investors! Vote and have your say - I strongly urge you to do so.

You never know. The LSE might actually listen. After Monday's debacle, it's about time they did something right.
..................


this article by Dominic Frisby from Moneyweek sums up the problem

..


Stock exchange operators want companies to list and there's nothing wrong with that. The problem is with happens next. Once a company has 'floated', the exchange, the brokers, the advisers and so on have all made their money. While they might like to see companies thrive, financially it doesn't matter to them whether the company sinks or swims.

As Charles Breese, founder of Armshare.com, says, the LSE is too intent on simply recruiting new Aim entrants and is not doing enough to stimulate the secondary market, where existing holders are able to sell out and new investors can get involved.

On the exchanges in Canada, if you want to sell a stock, you offer it at a set price. That offer is placed on the exchange and if somebody wants to buy, they can at that level. In short, this is a direct, transparent market. AIM has seen fit to use a different method, the market maker system, with such transparency. I reckon that as a result of this system – and the market makers operating it - liquidity on the exchange has all but dried up.

........................................................

September 08, 2008

A Toothless Market That Offers No Liquidity And Locks Its Directors Out - Just What Exactly Is The Point Of An Aim Listing?



................................................................

September 06 2008

Liquidity-hit London Aim companies looking at SA dual listings – JSE



........................................................

October 09 2008

We got a great mention in the Fleet Street Letter



How you can vote against sky-high dealing spreads Now I have come across an initiative to tackle this problem and you can find it on www.killthespread.com. The idea behind this campaign is that AIM should move away from a trading system that relies on market makers to one that gives potential buyers and sellers direct access to the market.

This already happens in Canada and Australia, where shareholders can indicate their desired trades and then transact business directly with one another. At the very least this reduces the cost of the market-makers' dealing spread. It can also ensure that share prices are determined by knowing buyers and sellers rather than arbitrary mark-ups and mark-downs by the market- makers. Such a system would help both investors and AIM-listed companies. And it might do something to stem the exodus from AIM – something that is far more pertinent today than any of the LSE's ambitions to expand the market yet further.

I have signed up to the www.killthespread.com campaign and if you are interested in dealing in small company shares at a fair price then I suggest that you do the same.

Tom Bulford
for The Penny Sleuth


...............................................

Here is a link to a survey we have running on the subject. Please take 2 minutes to complete it and also add some comments if you can.





oh - and please spread the word & help get this thread going!!

cheers

malkie
Posted at 06/9/2008 17:40 by garbut
I particularly cringe when I hear anyone say "The MMs are only out to make
a market"
I think those days are long gone.(Im referring to Aim stocks generally)
IMO I think MMs deliberately set out to part the small PI from as much
of thier hard-earned as they possibly can.No longer are they content to
make thier crust just from the spread.Theyve gotten far greedier than that.
Ive lost count of the number of times when sustained buying by PIs fails
to move the price at all and then out of the blue,miraculously,a seller
appears and everyone collectively sighs "Aaah,thats whats been holding the
price back".
The cynic in me suspects that the seller was approached by the MMs specifically
to hold the price back or conversely the MMs decided to short the stock
themselves rather than let the share price rise due to natural demand which in turn
would naturally produce sellers.
I relate an an actual experience I had with my broker quite a few years ago
when he was telephoning an order from me to the Market,after a while he
came back to me and apologised for the delay and then let slip with the
words"Sorry to keep you waiting but the MM was reading the RNS."
Needless to say the RNS hadnt appeared on my screen and gave the MM a few
precious minutes to digest the news ahead of me and I subsequently ended
up paying a premium.
Level playing field!
Rant over.Lol.
Posted at 06/9/2008 09:09 by andglen
Max....the mm's play with the spreads quite deliberately and spike prices on no news and no demand to suck people in...thats not the company's doing.

You're right...there have been bad directors etc out there but look at firms like DWY,SLN,PET,HAWK at the moment and you'll see decent companies who's share prices are being manipulated deliberately ....its not creating a market it robbing the small investor.

Explain why a price drops 10% in a morning only to turn blue by day end...thats done to knock automated stops out and accumulate shares....which is tantamount to theft.

Just MHO
Mood Media share price data is direct from the London Stock Exchange

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