Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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. 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.
GLA
When you read my post again if your grammar is good enough?? you will see I started my sentence with; ' If they paid' the amount not 'when they pay' . So yet again your rudeness as made you look like the word in the subject box !!
You are correct about the debt, so yes I take the durrr back. However they state very clearly "The Company intends to use part of the net proceeds of the Disposal to fund a proposed payment of capital to Shareholders". ie they won't distribute ALL the proceeds as you suggest, so have a durrr for that. My previous points about what's left after the disposal are I think correct. Remaining biz will be valued c. 1 x turnover, so there may be upside if they get it profitable - no sign currently. My only reason for posting was to counter some of the drivel posted. Valuation looks sort of reasonable at 24p IMO.
I think that Durr should be returned to oneself, because if you was clever like you obviously think you are!! you would know they paid off all there debt with the previous sale, and are now 1.9 million in the black. So please do your research before being rude, otherwise you can look an absolute idiot. Somewhat like you look now.
They WON'T distribute all the funds. There's a huge pile of debt to be repaid. Durrr....
if they paid all the funds you will receive 25 pence got to be worth a dabble !! also AT coming through at 24 pence. anything below this is a good buy IMHO. GLA
Alexander Proudfoot reported lower revenues year on year and an underlying operating loss in the first half of 2016. Order input in the early part of 2016 was encouraging but from the second quarter activity levels slowed and the current order book is weaker than it was at the beginning of 2016. As a result, the Board expects that revenues in the third quarter of 2016 will be lower than those in the second quarter. Accordingly, the outcome for the year as a whole for Alexander Proudfoot remains uncertain and will depend on order input in the coming months. Certain existing back-office operations of Kurt Salmon in the United States will not form part of the business being sold to Accenture. As a result, certain office leases, supplier and other contracts and personnel currently supporting Kurt Salmon will be retained by MCG following completion and will be used to support transitional services agreements with Accenture and the existing transitional service agreements with Solucom and ECG Management Consultants, the acquirers of the French and related operations and the healthcare operations of Kurt Salmon respectively. Following the proposed disposal, and as the transitional services arrangements with these acquirers fall away over time, the Group will need to make changes to the existing back office functions to reduce costs, in the United States in particular. The Group is also likely to seek to make other changes to its cost base to reflect the reduced scale of the continuing operations of the Group. So remaining biz struggling and perhaps some wind-down costs from the bits of Salmon not disposed of. NOt all that exciting. Deffo not worth a rampfest IMO ;)
The disposal of the French and related operations of Kurt Salmon in January 2016 allowed the Group to repay its indebtedness in full. MCG is in a strong financial condition with net cash at 30 June 2016 of £1.9m (2015 H1: net debt £41.7m) and a £12.5m working capital banking facility in place. The net proceeds from the subsequent sale of the Kurt Salmon healthcare business further strengthened the balance sheet and the expected proceeds from the proposed sale of the Kurt Salmon retail and consumer goods business will enable the Group to consider returning value to shareholders. And May
well somone just punted £24k
offering over 24p
Market cap at 24p is c. £121m What's left is a biz with t/o c. £50m but currently loss-making (in H1 anyway). Balance sheet with net cur assets of £86m and non cur liabilities of £25m, Maybe TNAV of £68m. So remaining biz (at 24p) valued at c. £53m. NOt sure there's much more upside. We'll see what Mr market thinks.
Retained Alexander Proudfoot business ; Reported revenues from continuing operations (comprising Alexander Proudfoot) down 12% year on year at £25.7m (H1 2015 restated: £29.3m). Could be a tad undervalued here . And May
22/09/2016 7:01am UK Regulatory (RNS & others) Management Consulting (LSE:MMC) Intraday Stock Chart Today : Thursday 22 September 2016 Click Here for more Management Consulting Charts. TIDMMMC RNS Number : 5314K Management Consulting Group PLC 22 September 2016 22 September 2016 This announcement contains inside information Management Consulting Group PLC Disposal of the remaining Kurt Salmon business Management Consulting Group PLC ("MCG" or the "Company") today announces that it has entered into an agreement with Accenture for the sale of Kurt Salmon (the "Target Business"), comprising the Kurt Salmon retail and consumer goods consulting businesses in the United States, Canada, the United Kingdom, Germany, China, Hong Kong and Japan, for a total gross cash consideration of approximately $165 million (equivalent to approximately GBP127 million) payable on completion of the sale (the "Disposal"). Highlights -- The Disposal is expected to realise gross cash proceeds of approximately GBP127 million, allowing MCG to seek to use part of the net proceeds of the Disposal to fund a proposed payment of capital to shareholders (the "Return of Capital") -- The Disposal represents an attractive value for shareholders with the proposed gross consideration representing approximately 148% of the MCG Group's (the "Group") current market capitalisation -- The net proceeds of the Disposal will strengthen the financial position of the Group by increasing the level of cash resources available to the remaining business and eliminating the requirement for the existing working capital facility The Disposal, because of its size relative to the Group, is a Class 1 transaction for MCG under the Listing Rules and is therefore conditional, inter alia, on the approval of MCG shareholders. MCG shareholders representing approximately 52% of the Company's issued Ordinary Share Capital, excluding shares held in treasury, have given irrevocable undertakings to vote in favour of the resolution to be proposed at the general meeting to approve the Disposal. A circular containing further information on the Disposal and the Return of Capital along with a notice convening a general meeting will be sent to MCG shareholders in due course. Alan Barber, Chairman of MCG, commented: "The proposed disposal of the Kurt Salmon retail and consumer goods consulting business follows the recent disposals of the healthcare and French and related operations of Kurt Salmon. We believe the business will be in excellent hands as part of Accenture. In aggregate these disposals are expected to realise total net proceeds (after transaction expenses) for the Kurt Salmon businesses of approximately GBP180 million. We expect to return part of the proceeds from the Disposal to shareholders in due course and are highly focused on driving a recovery to profitable growth in the Alexander
Knock knock "gross consideration representing approximately 148% of the MCG Group's (the "Group") current market capitalisation"
Bagger alert Market cap 112 million bagger alert
Do not miss out. Good luck All And May
Huge cash disposal and return of capital "The Disposal is expected to realise gross cash proceeds of approximately £127 million"
Cautious outlook... 'not particularly that inspiring... ...Interim Dividend kept at 0.23p ( annualized = 5.2%) http://www.lse.co.uk/AllNews.asp?code=tcyrz2rj&headline=Management_Consulting_Group_Keeps_Cautious_Outlook_As_Profit_Rises
...Thursday I don't care about you ....It's Friday I'm in love ;-)
Feel the Love! LoL
...Not being liked much any more... From last trading update...."At this stage the Board retains a cautious view on the outlook for Alexander Proudfoot for 2015 as a whole." But possible sale of some of Kurt Salmon
Hi investz :-) Yup, very liked indeed! 'Chart looking very good as well...I'm now 20% up on my sub 16p buy... But 'will hold as 24p should be feasible. Best regards, Blue
tp = 22p, but guessing that will go higher as it's being well bought in 20k+ lots....and pays a div. An ideal early-stage recovery stock, unknown to most pi's.
...double the average & a nice kick up in the Sp' GLA & Best Regards, Blue