The Market Age Share Discussion Threads

[sync23] 21/5/2004 13:49

thanks j2, i'll take a look

[james 2] 21/5/2004 13:40

sync23 - truthfully I do not know, I have been watching and buying these for a while as I believed they had some significant upside in the medium term + results in June. My views can be seen on earlier posts over the last weeks/months, which I have summarised a day or two ago on post 647.

rgds
j2

[sync23] 21/5/2004 13:34

so why the buying today?

[bsg] 21/5/2004 12:00

Better than me I missed the buy button at 19p !!

[simonparker5] 21/5/2004 11:56

Hit the buy button on 10,000 at 26.24p hope I did the right thing as pressed the buy button by mistake!!!!!!
Someone please reassure me I did the right thing?

[sportbilly1976] 21/5/2004 11:52

not able to deal online at the moment for 4500 shares - was 10 mins ago..!!

[james 2] 21/5/2004 11:15

Aye whats all that about then....???? results arn't out until June as I understand things ?

EDIT Please feel free to comment / disagree with my earlier summary from a day or three ago.

rgds
j2

[nissi beach] 21/5/2004 11:14

why the rise today?

[dr agon] 21/5/2004 11:14

must be some pretty solid buying behind the delayed trades to warrant such a rise.

well done on your top up james!!

[james 2] 20/5/2004 10:14

Results out in June are pretty much known (see recent trading statement).

However it will be interesting to see what the companies current outlook is particular given that results only include 2 months of the FXCM agreement announced in January and updated during Feb AGM. (2nd Half sales which included the 2 months revenues were up 50% versus H1!)

Also since this time they have announced a distribution agreement using the bloomberg professional platform, this has been implemented and went live on the 2nd April. More recently they have announced a distribution agreement with FXCM Asia (month on month growth in accounts of 150%)- for more details see 22nd April RNS.

I would also expect them to announce a change of name soon to "Independent Investment Research plc" which has been delayed due to a name squatter, plus no doubt a new company website which would also be the platform for Pronet & the Equities Research. (see previous "A")

Other Pro's :

No debt other than that owed to Shane Smith (see RNS 20/04), sold stock and lent the money back to the company. For a) Pay couple of ST loans and b) Due to non budgeted costs.

Non budgeted costs could be associated with the Gmail Trademark, $700 to register the TM plus the cost of company lawyers. What outcome they are seeking I do not know but they are taking it seriously.

They have nearly £6 million of loses brought forward.

Pronet has won many awards and is highly rated.

The "Spitzer" settlement means more money flowing into independent research.

Cons :

Liquidity - certainly aided by Shane Smith selling to loan money to company.
The wide Spread but you can normally deal inside it.
Only 2 MM's.

As always DYOR these are just my thoughts and info regarding results and outlook, I do already have a holding for the medium term but also will add to my holding & trade it on the back of good news.

[james 2] 18/5/2004 15:29

Added 22,500, no doubt you will get your chance Mr Elsworth, but imo they look to have bottomed for the time being.

Good Luck
rgds
j2

[elsworth] 12/5/2004 23:29

I'm still on course to show support.......

Marcos Shagger...........still waiting

[elsworth] 08/5/2004 19:17

Marko Van Tripleshag is on course to show some support at around 11p/14p....

Marcos Van Doggiestyle.........updating level 4

[shaymen] 30/4/2004 09:49

New website been launched in three weeks for Pronet. To be honest the old one is pretty impressive to say the least. www.pronetanalytics.com

[zinco] 22/4/2004 19:51

LOL...THINGS ARE JUST SUPER...ANYONE FOR TIFFIN :-)))))))
PS....HOLDING 160K (SHARES)DOING A SPREAD BET TOMMOROW 300/500 A POINT OLD BOY,WISH ME WELL...

[james 2] 22/4/2004 17:12

zinco - please edit the language from your post (i'll do the same to mine) as it isn't fair on others.

rgds
j2

[james 2] 22/4/2004 17:05

Thanks ZINCO now go back to the ARX thread you fool.

[zinco] 22/4/2004 17:02

ramping git:-)))))
what price next week 15p?, should have left with everyone else,65k to fight google pmsl....
next step you will see more director sells "to supply market demand"...lol....

[james 2] 22/4/2004 09:23

All bodes well, interesting that one broker said 20p was a reasonable level. The day after the google announcment when they were 25p a BUY note was issued from Corporate synergy !

Plus we have today's news of the distribution agreement, would be nice if it consolidates around this level [or better] until results.

rgds
j2

[wole] 22/4/2004 07:59

RNS Number:8531X
Market Age PLC
22 April 2004


Pronet Analytics.com announces agreement to distribute service in Greater China
with FXCM Asia Ltd


Pronet Analytics.com Limited ("PAL"), the independent technical research
subsidiary of The Market Age plc, is pleased to announce that is has agreed the
terms for distribution of its service to clients of FXCM Asia Ltd ("FXCM") in
Greater China, building on its arrangements announced on 1 March 2004 with Forex
Capital Markets LLC. FXCM is amember of the FXCM Group, which specialises in
providing online foreign exchange services to 35,000 private clients, hedge
funds and financial institutions around the world with monthly volumes of over
US$60 billion per month, and is licenced by theHong Kong Securities and Futures
Commission.

Under the terms of the deal, FXCM will offer PAL's flagship FX research service
to new and current clients in the region. PAL will be paid a percentage of the
transaction revenues from clients who wishto use the service. The commercial
terms are structured so that FXCM will continue to offer what are believed to be
the most competitive dealing spreads in the region, the client will pay no
additional fees for access to PAL's research, and meanwhile PAL will receive its
full list price for each new client.

Shane Smith, Group CEO, comments: "This is an excellent deal for new clients,
for FXCM and for PAL. Access to the China market is a very exciting development
for the Group. China presents an opportunity for many US and European firms
generally, but it is worth enumerating how large that opportunity might be for
PAL: FXCM is the leading non-domestic FX online broker for mainland China,
serving also Singapore and Taiwan, and sinceopening its office in Hong Kong in
March 2003, has seen month-on-month growth in accounts of 150%. China is now
the fourth largest trading nation in the world, which itself creates a huge FX
requirement, but in addition overseas funds are being repatriated at an
unprecedented rate, putting pressure on the Yuan. Irrespective of whether the
Yuan itself eventually floats, individuals and companies are anyway allowed to
trade foreign currencies, and also have a famous propensity to speculate.
Internet penetration is growing, and with 80 million current subscribers China
is second only to the US and is on course to overtake it as the most wired
nation on earth. All this points to a large and growing demand for
web-delivered research servicesto assist in better decision-making".

Ornit Niv, CEO of FXCM Asia, commented: "Our client base is rapidly expanding,
and has an appetite for high-quality intelligence to help in the trading
decision process. We are pleased to be able to offer Pronet's leading service
to our audience".

[elsworth] 20/4/2004 22:40

Marko Van Twoshags has been in and out of these like a hungry shagger..
...watch out for a nice fall back down to 12p-14p....where Marko Van ShagShag will show some support

....Marko.................updating level 4

[james 2] 20/4/2004 17:28

eg from another thread !

muppet beaker - 20 Apr'04 - 17:15 - 28 of 30

EMPTY YA BOOTS

meep meep!