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Check out their debt position
Very quiet here. Anyone guna claim that buy near close today?!
I step forward 500 steps back!!
Imagine what would have happened to the SP if the news had been negative!!!!!!!!!!
So sad when you see the early Monday morning enthusiasm and excitement dissapate as the days wears on!
Mcap is so tiny beacuse they never make a profit
Further substantial work in progress making no money, I don't think they even know what a business is for other than to line their own pockets at your expense......
Good news and it reads like even better news will be announced shortly ' further substantial work' . Mcap is tiny so upside huge.
Mediazest Plc (LSE)
LSE:MDZ
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Monday 16 January 2023
Click Here for more Mediazest Charts.
16 January 2023
MediaZest Plc
("MediaZest", or the “Group”; AIM: MDZ)
Incorporation of European Subsidiary and new business update
MediaZest (AIM: MDZ), the audio-visual solutions provider, is pleased to announce it has completed the incorporation of a new, wholly owned, European subsidiary based in the Netherlands (the “European Subsidiary”).
The European Subsidiary will help the Group to deliver services more efficiently to its EU based clients, building on increased traction and recently completed projects. Over the past few years, the Group has carried out significant client work in Germany, Italy, Spain, France, Sweden and the Netherlands amongst other EU countries.
These include audio visual work for the new Lululemon flagship on the Champs Elysees in Paris which opened in December 2022, and since the start of 2023 projects in the region have already included overseas work in Slovakia. Further afield, the Group has already completed work this month in the US.
Geoff Robertson, MediaZest’s CEO, commented: “Following the incorporation of the European Subsidiary, the Board expects to see further substantial work within EU member states in 2023, building on the strong performance in FY22.”
The Group expects to release its financial results for the year ended 30 September 2022 in February 2023.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
Enquiries:
Geoff Robertson
Chief Executive Officer
MediaZest Plc 0845 207 9378
David Hignell/Adam Cowl
Nominated Adviser
SP Angel Corporate Finance LLP 020 3470 0470
Claire Noyce
Broker
Hybridan LLP
Nobody seen the news this morning?
Hows it going guys ...........................?
At least this is heading down towards its true value now, still a bit further to go yet though............
The operational business continued to trade well in the second half of the year and the Company expects the full year financial results to show a significant improvement on the prior year.
:-)
Quite agree, they're all keeping their heads down for now, as I always say the share price is low for a reason. The market factors in all known variables, crunches the numbers and values accordingly although this is still overpriced at today's SP. If one of the main investors here values this at a fraction of the listed SP then you have to sit up and take notice
It's sometimes interesting to click on the profiles of the loudest stock promoters here and see which other stocks they're active on. 9 times out of 10 it seems all the stocks they promote are from the flakey end of AIM (long-term loss-making, perennial share printers, etc). But it seems even these guys have deserted MDZ. I imagine they'll be back at some stage for the next P&D - so there's something to look forward to :-)
Anyone still invested here? Asking for a friend although he won't be very happy ?
Take that with a pinch of salt
""the board remains mindful of macro-economic headwinds in the second half of 2022," as it monitors the cost base.
Already covering the bases for when they turn another loss in at full YE
At last!
You'll notice all the rampers have long since left the building. MDZ may or may not make a profit this year but don't hold your breath after the catalogue of failings over the years. I've been warning investors here since the the coke deal fizzled out which was another false dawn. Better investments elsewhere to be had
I’m kicking my self for buying this pile off poo it’s always the same bullsh.. coming out with the accounts info either its months forward or backwards have been or will be etc etc small spikes forward and back further below the spike began from its been about 4 years or so since I bought this and a novice on stocks back then was my bad but you live and learn and this is one I can’t wait to get out from if it doesn’t go bust that is.
While everyone's salivating at the mouth with the thought of a first ever profit and I still remain doubtful, please consider that they have very little in the way of cash for capital expenditure, they live day to day basically on what they receive and have loans to repay at extortionate rates to some shady characters in the Channel Islands !
I bought some in 2016, it was my first investment kept it as a monument to my failure at the time. My original thoughts are still sound today but the timing was all wrong the tech back then was just not capable of what the company was trying to do. Now the screen/software/networking tech has advanced to the point that the cost is low enough that this can be rolled out at a much lower upfront cost I think it can be more successful going forwards.
I think the potential here is enormous given the miniscule mcap [£1m] but something always seems to come along that stalls growth - lets see the actual results!
Never thought I would see the day when this company was going to become profitable, from today's RNS looks like they are getting there.
Happydays disappeared in Feb this year so he's obviously resigned as chief pump, no one else seems to want to cheer this dog on now !?
What happened to all the pumping clowns here?
I just went to look at what other messageboards Chadster posts on and found a fine selection of AIM garbage.