Adrian Hargrave, CEO of SEEEN, explains how the Company is now funded through to profitability. Watch the video here.
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at sub 16p today...
...Well more than twice the average... & Buys outstripped Sells by 6 to 1... At 16p to buy still seems good value... I may well add ;-)
...No trades shown since 11.30 this morning??
...just a small first tranche at sub 16p.... both for the Dividend & the potential capital gains... Goes Final Ex-Dividend on 14/05/15 for 0.595p = 3.7% Annualized Divi' = 0.825p = 5.2% GLA & Best Regards, Blue
& Lo & behold the finals were indeed out on the 5th!! & the jolly old Sp is now up 20% on the March 3rd Low... Yee couldn't make it up. LoL ....'Keeping the Dividend at 5% ( Annualized ) but still rather a lot of debt.
...any day now... ...maybe a leak? Hence the 9% Rise today !
trade..... and one on kmr aswell?.......
These shares are taking a helluva long time to reach their target but at least they are trying.
These brokers do not seem to have a very good crystal ball by the state of these shares.
THE BROKERS SAY "BUY" MANAGEMENT CONSULTING GROUP 02 August 2012 Oriel Securities reiterates it BUY recommendation for Management Consulting Group. Canaccord Genuity reiterates its BUY rating for Management Consulting Group with a target price of 32p. 14 August 2012 Finncap upgrades Management Consulting Group from HOLD to BUY, setting a target price of 40p. P.S. Here's some links about SCLP, one of the hottest stocks at the moment: http://www.euroinvestor.com/community/discussionthread.aspx?iid=2467508&threadid=256596&mode=2 http://www.euroinvestor.com/community/discussionthread.aspx?iid=2467508&threadid=255276&mode=2 http://www.euroinvestor.com/community/discussionthread.aspx?iid=2467508&threadid=257550&mode=2
Full order books look like they have saved this from dropping too far today
Summary and outlook Trading in the first six months of 2012 has been affected by difficult market conditions. Alexander Proudfoot has continued to perform well overall, but Kurt Salmon's progress in North America has been overshadowed by a weaker performance in Europe. Our business continues to prosper in emerging markets and 15% of first half revenues came from work delivered outside North America and Western Europe. We are taking action to underpin the performance of the Kurt Salmon business in light of current market conditions which we expect to continue during the second half of the year. This will include restructuring certain practices and making adjustments to headcount, resulting in further non-recurring restructuring costs in the second half of 2012. Although clients remain cautious, and downside risks to the global economy remain, the Group has a well balanced and diverse business which is performing well in most of its markets. We will continue to focus on growth opportunities where they arise, including smaller bolt-on acquisitions where appropriate. The Group's net debt remains well below historic levels at £35.7m at 30 June 2012. The normal phasing of cash flows means that historically the second half of the year tends to see stronger cash generation and the Board continues to expect this to be the case in 2012. MCG enters the second half of 2012 with a healthy order book and project pipeline, a strong financial position and long term client relationships which have delivered revenues over many years. MCG has established a stable platform which will enable the Group's businesses to benefit in due course as economic conditions improve.
Nick Stagg, Chief Executive commented: "MCG has made progress in parts of the business in the first half of 2012 against a backdrop of challenging trading conditions and market uncertainty, and enters the second half of 2012 with a healthy order book and project pipeline. We have seen a good performance overall in North America, and in emerging markets, with work delivered outside North America and Western Europe representing 15% of first half revenues. This has been offset by the negative impact of Eurozone weakness which has affected overall activity levels and margins. "Economic uncertainty looks set to continue in the second half of 2012, but MCG is a global business with a balanced geographic and sector focus. We remain committed to improving operational efficiency and profitability, whilst investing for growth, and we are well placed to take advantage of opportunities in markets and sectors which continue to grow."
Some progress in difficult trading conditions Management Consulting Group PLC ("MCG" or "the Group"), the global professional services group, today announces its results for the half year ended 30 June 2012. Key points ● Revenue 6% lower at £146.8m (H1 2011: £155.6m) ● Underlying* operating profit 23% lower at £11.8m (H1 2011: £15.3m) ● Underlying* operating profit margin lower at 8.0% (H1 2011: 9.9%) ● Profit for the half year of £4.7m (H1 2011: £9.1m) ● Net debt reduced by 31% to £35.7m (June 2011: £51.7m) ● Underlying basic earnings per share decreased to 1.3p (H1 2011: 2.4p) ● Interim dividend increased to 0.23p per share (2011: 0.2p)
Nick Stagg, Chief Executive said: "New Albany brings years of experience in clinical operations, that, combined with Kurt Salmon's deep industry expertise, will provide opportunities to further develop our healthcare consulting practice in the United States. We will continue to look for opportunities to grow our business through small acquisitions."
Management Consulting subsidiary Kurt Salmon made the purchase for a total consideration of $0.8m. A team of five senior consultants from the business has joined the healthcare practice of Kurt Salmon, which Management Consulting believes brings "an important additional capability to Kurt Salmon's healthcare consulting offering" in the US.
Business consultancy Management Consulting Group has completed the acquisition of New Albany Healthcare Consultants, announced in May. New Albany provides consulting services related to performance improvement in clinical operations in hospitals and medical practices across the US
There has been just one share bought so far today. How is it possible?
Nick Stagg, Chief Executive, commented: "In 2010 we took decisive action to make the Group a more robust business with improved prospects for growth in 2011 and beyond. During the period, we strengthened our balance sheet, reduced costs, and successfully completed the formation of Kurt Salmon, alongside Alexander Proudfoot. We will continue to concentrate our efforts on investing in organic growth in our key markets, and improving operational efficiency, in order to progressively benefit our bottom line performance over the next two years. Whilst the risks of instability in the global economy remain, activity levels so far in 2011 are encouraging."
Key points · Revenue broadly unchanged from previous year at £270.4m (2009: £276.5m) · Operating profit up 88% to £18.0m (2009: £9.6m) · Underlying operating profit down 17% to £23.3m (2009: £28.0m) · Underlying operating margin lower at 8.6% (2009: 10.1%) · Net debt at year end down 35% to £54.4m (2009: £83.5m) · Underlying EPS down 30% to 3.5p (2009: 5.0p). Basic EPS 2.4p (2009: 0.4p) · Total dividend 0.45p per share (2009: 0.4p per share) · Raised £25m in June 2010 to recapitalise balance sheet · Merger of Ineum and KSA completed on 1 January 2011 · Encouraging levels of business in early 2011
LONDON (Dow Jones)--Professional services company Management Consulting Group PLC (MMC.LN) Friday said it agreed to raise GBP25 million in a share sale to trim its debts and ensure it doesn't breach the terms of its loans if trading gets worse. Management Consulting Group said cutting its debts will enable it to focus on growth initiatives following a period of tough trading, when public and private sector customers cut back spending on management consulting services. The company said there are signs of improving demand for its services and it has identified an increasing number of "client opportunities," although didn't elaborate. It isn't planning on making any acquisitions, it added. Management Consulting Group said it agreed to sell about 113.7 million shares at 22 pence a share, a 14% discount to its stock's closing price Thursday. BlueGem Capital Partners, a private equity company run by former Merrill Lynch bankers Marco Capello and Emilio Di Spiezio Sardo, has agreed to buy 77.3 million of the shares on offer, giving it a major stake in the firm. Both Capello and Sardo will join the board, Management Consulting Group said. BlueGem will also receive warrants for another 36.1 million shares. Management Consulting Group's largest shareholder, Gartmore, and company directors are also participating in the share sale. Company Web site: www.mcgplc.com -By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; jason.douglas@dowjones.com (END) Dow Jones Newswires May 14, 2010 02:37 ET (06:37 GMT)