London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
As I've pointed out previously this company is being valued at a fraction of the current share price by the other Lance O'Neill company, EP&F. Correctly so imo. You need to take account of the £1m in net current liabilities when trying to value this business. Note Im using the word "business" in its loosest possible sense. So is it significantly overvalued? Of course it is. This is no bargain.
So possibly 17th August for results
As i said before on my original post we were getting near to company results and good news as new contracts signed up therefore earnings up and AS i stated CORRECTLY the share price finished up 5% today and also company results out end of july so SP should go even more up , good times to look forward to , the trading of the shares also in my opinion looks like someone is buying up as many shares as they can at this low price so possibility of take over is getting nearer , hold onto your lottery ticket guys and girls LOL
agree that progress is likely slowly being made, and if cost cutting is implanted as previously outlined they could give a decent year end financial update in a few weeks imho.. but at such fine margins on a small turnover business one contract loss and or target miss can make things look regressive quickly again.. or, glass half full, one left field good contract win on top of retaining / growing existing contracts and this could re rate strongly.. generally It's very lowly priced now imho and therefore I'm going to keep holding and hoping (eg down side from sub .10p unlikely to be large even if struggles/placing later this year and this could go much higher on some further new business wins.. place your bets or not and takes your chances or not )
My take, it has been tough but there are some positives. It reads like we are getting there - but slowly.
Shame on you Riddler.
Everyone has seen this type of trading update every 6 months for the last decade and more. And still you pump this stock.
Shame on you.
Market cap £1mln
Performance March 18 to March 19
[ ] Recurring revs of £700k per annum ( now confirmed at £200k for Q1 of 2019 as per 8th July 2019)
[ ] Targetting £200k cost cuts
[ ] Raised £110k at 0.1p in Feb 2019
[ ] International business (wholly owned by MDZ) growing and delivered profit AFTER tax of £250k compared to just £95k the previous year
[ ] Mediazest UK won £500k of new revenues since Dec 2019
[ ] New TR1 holder increasing their stake in MDZ and increased again on 9/04/19 to go 9% and now gone above 10% on April 23rd
Yet another BS trading update out this morning.
Shareholders, or potential shareholders, can infer less than nothing from it. However as a long term watcher I'll assume it means they are still losing money and a placing is on the cards at some point this year.
You obviously haven't heard the stuck record Mr Baggage1 ?
getting nearer to company results so if this company is turning a corner then when the results come in the share price should go higher !
There. I said it.
Quite right Mr Toilet, the costs involved in running a listed company can weigh heavily
MDZ are an investors nightmare, the directors are self serving which we know from the salary increases last year, they have not earned the right
Shareholders look for value in a company and there just isn't any here, the cash position will be very interesting this time round as there can't be much left imo
Exactly. In fact in my opinion the chances of delisting are now high because I'm now almost certain it is only insiders subscribing to the placings. If that is the case why do they need the listing at all? They can save perhaps 100 grand per annum by removing listing costs.The company is not viable IMO.
Being a perennial loss-maker, MDZ has traditionally relied on mug investors stumping up more cash through dilutive placings. That option is now off the table at the current SP so I'm wondering what the current cash position is. My guess would be in the region of zero.
Anyone know if suppliers are being paid?
Oh for one of Geoff's (and riddler's) 'transformative' deals. LOL.
How long before Lance calls time here?
I see someone sold 3.5 million today. They got 0.075 pence which is below the quoted bid price of 0.08p. That's a fantastic price imo.
No answer after being so vocal this week
Rumbled rusty /toilet et al
"We're already taking bets"
I'm just surprised the shares have not been marked down to 0.025 pence. They are certainly not worth more than that.My fair value price target is zero pence due to the £1M working capital deficit.
Well with the O'Neill/CCCAL controlled EP&F valuing the shares at 0.023p that equates to a valuation for the entire company of just over £300,000 which to me is still too high but is much closer to fair value. The recent placing was at 0.1p which is FOUR times more than EP&F are valuing the shares!
It begs the question who on earth is subscribing to these placings? Obviously no independent 3rd party would put a penny into this junk. So its related parties obviously and I'm coming round to the idea it is simply employees subscribing. They each put a small amount in but get it all back as salary. That makes sense since its what O'Neill is doing so why not the companies employees? The unfortunate thing is the placing price therefore does not reflect the value of the company in my opinion. It inflates it because this business is barely solvent, has never posted a profit in 15 years, has a large working capital deficit, and teeters from one placing to the next. We're already taking bets on to when the next placing will be. Its inevitable there
I post something that should be of genuine interest to all shareholders and all you can do is post the classic "have u really nothing better to do"!
even you got to admit this share has gone nowhere
Have u really nothing better to do?
Any shares you are actually invested in?
Obviously the market has not cottoned on yet to the massive writedown by EP&F on their Mediazest shares.
Bizarrely the share price graph is a straight line the last month. When did that ever happen? The mystery here is what is InUrface doing? If I didn't know better Id have said they have bought all the shares in the open market that were placed at 0.1p!! All very strange.
How can MDZ place shares at 0.1p in February this year when EP&F Capital PLC , who are controlled by the same party, value the shares at only 0.022p in their accounts?
Answers required. What the hell is going on?
I have some shocking news for holders
EP&F Capital have written down the value of their MDZ stake by 67%
They were valuing MDZ shares at 0.067 pence.
Since Jan 2019 these are now being valued at 0.023 pence which is a quarter of the current share price!
Its been written down from from £17,877 to £5,959. Check page 19 of the recently release EP&F Capital accounts which can be freely viewed on the companieshouse.gov.uk website.
As we all know by now EP&F is the other company we know off that is controlled by Lance O'Neill and his opaque offshore company City & Claremont Capital Assets.
EP&F Capital still hold their 26,448,571 according to the Mediazest website. This has recently been updated with the InUrFace (Jarvis Investment Management shareholding) so we know its up to date.