hmmmm26 Aug 2018 19:14
only £1.5mill mcap so plenty of upside if any big contract lands. A few comments below about high steet stores. A lot of stores mentioned like Athena, MDZ isnt targeting these stores. It looks MDZ does target a lot of car dealers who are not in the high street anyway, Cars arent about to die out are they? And as for the fashion retailers they will always need a bricks and mortar display store and they are not going anywhere. MDZ is a flexible business and can pretty much put up a display or frontage anywhere. Note Immedia provides in store music and that has a market cap of £3.64million.
Significant new clients in the year have included HP and The European Bank for Reconstruction and Development, and the Company continues to have great success in the automotive market with new Rockar projects for Mitsubishi and Ford.
Well established existing customers such as Ted Baker, Diesel, Clydesdale Bank, Kuoni, HMV, Halfords and others continue to work with the Group on an ongoing basis. It is the opinion of the Board and senior management that the audio visual and digital signage market for high street retailers is experiencing rapid growth and large scale adoption is beginning to happen. The Company remains well placed to take advantage of these opportunities.
The automotive sector has yielded several large opportunities which the Company is currently pursuing. In automotive retail, the Group is working with Hyundai, Jaguar Land Rover (with Rockar), VW, Ford and Mitsubishi (both via Rockar), Opel Germany, and is pitching to several other brands. Outside of the showroom retail side of automotive, the Group works with BMW and Fiat in the UK, providing corporate AV solutions.