Mc Mining Share Discussion Threads

[hitchinhoncho] 18/6/2011 13:21

You might have company on here soon, tipped in this month's Investing for Growth, which provides stock selection following Slater's Zulu Principle guidelines. At first glance looks a gem and ticks all the Slater boxes, strong growth record, optimistic future outlook, PEG under one, cash flow in excess of EPS, moderate gearing and director'a buying/ownership. Will check it out further, grateful any guidance from existing holders.Regards.

[pre] 28/4/2011 14:37

earnings enhancing acquisition...looks like mgt have got it right here:-))

[pre] 28/4/2011 12:37

RNS JUST OUT...NOT spotted yet as most out at lunch....got to be rerated after this rns imo, dyor etc:

TIDMMCM

RNS Number : 6332F

Motivcom PLC

28 April 2011


Press Release 28 April 2011

Motivcom plc

("Motivcom" or "the Company")

Acquisition of Allsave Limited and My Family Care Vouchers Limited

Motivcom plc (AIM:MCM), a leading business services group offering marketing communications, events, motivation and incentive expertise to major blue-chip corporate clients, announces that it has today completed the acquisition of Allsave Limited ("ALL") and My Family Care Vouchers ("MFCV") which are companies related to each other and are together referred to as Allsave. Allsave specialises in providing tax efficient childcare vouchers to UK companies.

Motivcom has paid an initial cash consideration of GBP1,300,000 for the entire issued share capitals of Allsave, which has been funded from its net cash balances. Additional deferred consideration of up to GBP925,000 in aggregate is payable in cash subject to Allsave achieving specified levels of gross profit in each of the years ending 31 March 2012, 2013 and 2014. Additionally, should Allsave's net tangible assets be in excess of GBP135,000 at completion, Motivcom will pay additional consideration amounting to the excess in cash. The vendors continue with the Allsave business which will remain as a separate brand within the Employee Benefits division of Motivcom's subsidiary, P&MM Limited.

Allsave reported turnover and profit before tax for the year ended 31 March 2010 were GBP932,934 and GBP283,619 respectively. Comparative figures for the year ended 31 March 2009 were GBP742,344 and GBP172,578 respectively. At 31 March 2010 Allsave had tangible net assets of GBP137,399. The directors anticipate that Allsave will enhance Motivcom's earnings for the year ending 31 December 2011 and beyond.

Commenting on the acquisition, David Lebond, Executive Director for Motivcom plc and responsible for the Company's Sales Promotions and Employee Benefits division, said:

"This is an excellent opportunity to strengthen our position in the childcare voucher sector by acquiring another well-established leading name in this sector. Allsave's strength in the SME sector will enlarge the market in which we operate. In addition it supports our Group strategy to invest in certain high potential product areas and allows us to deliver the combined experience and infrastructure to both our childcare voucher brands."

- Ends -

For further information:


Motivcom plc
Sue Hocken Tel: [phone]
5529
[e-mail] www.motivcom.com


Grant Thornton Corporate Finance
Philip Secrett / Daniela Amihood Tel: [phone]
[e-mail] www.gtuk.com


Numis Securities Limited
David Poutney/James Serjeant Tel: [phone]

[cgequityinvest] 06/4/2011 08:28

Very solid results and a strong hike in dividend which confirms strong cash position and confident outlook. As posted mgment tend to be conservative/cautious in terms of their outlook.

[dick grasso] 06/4/2011 08:06

I'l take that reaction MG!

Hopefully we will see a continuation of the pattern that emerged from both the Prelims last year and the half yr results!

[dick grasso] 06/4/2011 07:48

MG1982, lol!

I hope so, only slight negative I can find here is the prudent outlook, however they are only mindful of the economic uncertainty which is prudent and looking back the Chairman usually adopts both a positive and conservative tone. I was a little over ambitious with my target EPS but I agree, fab results!

Deserves more than a p/e of 11.9 in my view!

[dick grasso] 06/4/2011 07:27

Great results today, chairman typically conservative but has been for the past couple of years and continues to meet and beat expectations.

HIGHLIGHTS

-- Gross profit increased by 22% to GBP27,776,000 (2009: GBP22,775,000)

-- Headline operating profit* increased by 24% to GBP4,763,000 (2009: GBP3,830,000)

-- Headline profit before tax increased by 34% to GBP4,686,000 (2009: GBP3,503,000)

-- Headline basic earnings per share++ increased by 31% to 11.48 pence (2009: 8.75 pence)

-- Operating profit increased by 32% to GBP4,463,000 (2009: GBP3,391,000)

-- Profit before tax increased by 43% to GBP4,386,000 (2009: GBP3,064,000)

-- Basic earnings per share increased by 40% to 10.72 pence (2009: 7.65 pence)

-- Interim dividend of 1.0 pence per share paid 5 November 2010 and final dividend of 2.2 pence per share to be paid on 22 June 2011, making a total dividend of 3.2 pence per share (2009: total dividend of 2.5 pence per share), an increase of 28%

-- Net cash balances at 31 December 2010 of GBP6,239,000 (2009: GBP1,834,000)

-- Equity increased by 13% to GBP20,448,000 (2009: GBP18,061,000)

-- Diverse service offering provides an excellent platform for future growth and development

* Operating profit of GBP4,463,000 (2009: GBP3,391,000) plus amortisation of intangible assets of GBP300,000 (2009: GBP439,000).

Profit before tax of GBP4,386,000 (2009: GBP3,064,000) plus amortisation of intangible assets of GBP300,000 (2009: GBP439,000).

++ See reconciliation in Note 5

Commenting on the results, Colin Lloyd, Chairman of Motivcom plc, said:

"I am pleased to report another period of strong growth; Motivcom has achieved a 24% increase in headline operating profit for the financial year ended 31 December 2010. The Group's growth has been organic and has been driven by many of our largest clients increasing their spending, as well as new business wins".

"The Group has a clear direction and strategy which has delivered good results for the period which were ahead of market expectations and our position in our markets remains strong. The Board has confidence in making further progress in the current financial year, but is mindful of any significant increases in client expenditure given the ongoing challenging economic climate."

[dick grasso] 30/3/2011 11:59

Bought my first batch today, they are trading ahead of forecasts according to the TS, expect full year results any day. my own forecast EPS of 12.6 puts these on a current p/e of 9.8. Too cheap in my view.

[wskill] 29/9/2010 11:58

Looking good today guys pity they will not sell any.

[jakleeds] 08/5/2009 08:41

And we're off again - didn't take long did it?

[pelleeds1980] 07/5/2009 10:55

Sorry jak never replied. I am not a Leeds fan but got a lot of mates who are so do keep an eye and have been to a few games.

Leeds Millwall will be tasty as always.

Are you an avid supporter?

This is looking good I got in at 24

[jakleeds] 07/5/2009 09:34

Nigel Wray filling his boots

[jakleeds] 05/5/2009 18:53

Wow, a trade of 300,000 shares at a price of 33p, yet the price goes up. Anybody any thoughts on what that could be? Wonder if we'll get a holding rns?

BTW, are you a Leeds fan pelleeds? Looking forward to the playoffs?

[pelleeds1980] 01/5/2009 11:26

Leeds as well. Cool only bought in in march. Looking good

[jakleeds] 01/5/2009 11:25

Yes still in mate, lot further to go as the economy recovers imo

[pelleeds1980] 01/5/2009 11:14

Anybody else in this? Looking good and divi on the way

[davidwilkin] 04/3/2009 15:09

is this the long awaited uptick or what, management buyout perhaps ??

[davidwilkin] 26/2/2009 13:18

if this was more liquid i would buy a bloody boatload of these, amazing price, surely management have got to think about a buyout as this price, surely ??

[davidwilkin] 24/9/2008 07:26

Good numbers encouraging statement (just hope the market doesnt pick up too much on "margins to come under pressure") How many trades today ?? will there be any ??

[bookworm1] 29/7/2008 09:50

OT: I am also into CEL which is another example of a growth company being hammered recently but it could be about to stage a recovery although I agree with you about the dividend. You might want to take a look at E2v technologies but you will have to do most of your own research as the boards are a bit quiet it is a niche growth stock that also pays a dividend. Recomend buy around 200p. No advice intended.

[davidwilkin] 28/7/2008 21:33

ok - good call, i thought 90p was cheap so couldnt believe my luck to be buying at 67p, im just assembling a 5 year portfolio, mainly FTSE 100 but with small caps in there too. My small caps are MCM,SFR,SGI,and FDP. I would put CEL in there too if they paid a dividend but they dont meet my requirements as far as thats concerned.

[bookworm1] 28/7/2008 19:28

You might be right but there have been similar price falls with other 'profitable companies'. Whilst I think you may have timed your entry right with SGI at 142p IF the results in a weeks time are in line with expectations. However I am not so sure with MCM. I can't see anything yet that tells me that the downward trend has been halted. Although in its favour it has 23.6p in cash 34% and interest payments are covered 23 times so there is a good margin of safety but what I don't know is how reliable the next two years forecasts will be. With interim results due in September it might be worth sitting on the fence just watching to see where this goes until then as it could still go a bit lower.

[davidwilkin] 25/7/2008 22:18

The profit to market cap ratio,using the naked traders analogy anything less than 10 times is cheap (its about 4 times here) rising y on y earnings and latest co trading statements along with a low pe ratio, and also trying to time entry to lowest point possible. i thought this was the case yesterday when i purchased SGI at 142p.

Also with MCM i have watched it fall from 150p on no bad news, only positive and hardly any selling at all.

[bookworm1] 25/7/2008 09:53

So if you dont do indepth research how do you arrive at the conclusion that it is obviously undervalued? What are you using as your indicators of value? Just looking at the banking sector we have seen prices fall to levels not seen for a long time and people have been arguing that they were excellent value. Yet they continue to get savaged as more write offs are declared and their profits decline. Already some of the banks are starting to switch from paying dividends in cash to paying in shares which is just a con. If you step back and take a view that we aint seen nothing yet then be prepared to see some sectors take a beating. What worries me about this sector is that it gets mopped up with the advertising industry and it is often one of the first things to get cut back in a recession. Competition becomes intense and profit forecasts are slashed and staff have to be laid off. Only after there is blood on the walls does the share price tend to recover back. Also investors start to need their money so they pull it out of their investments so the price falls. Only when the cycle has been completed is it time to buy.

Sorry if this sounds sanguine but in my opinion it is easier to lose money than make it which is why I am always cautious and like to get to know a company better before rushing into making an investment. My assessment of SGI was that it is a sound company but that has not stopped the share price from falling 30% in the last 12 months.