RE: RNS19 Aug 2018 23:35
Exciting times are ahead for MDZ in 2018/2019. But what we really need is UNITY as we move into a critical phase of MDZ development. I have read many poats on MDZ dating back 12 months or longer and can't help thinking we are at a similar stage to that that of INFA. The main difference is INFA requisitioned the old bod out and have turned their fortunes around.
So in an effort to try and understand MDZ direction of travel and the uncertainty around its strategy I had been trying to speak with GR. I am pleased that I have now down that. I have been invested in MDZ for over a year now and have been averaging down.
My conversation was both genial and fortnight - as an investor I wished to clarify some points on Fridays rns.
So in no particular order I asked various questions ranging from 'cash levels going forward', 'what is meant by merger or aquistion', 'clarifying new opportunities with Opel and HP', 'restoring investor sentiment and belief', 'need to communicate better with shareholders', 'bod relationship with IH to clear up the ambiguity, misunderstanding or uncertainty'. Hence why I feel a need for UNITY and not discord.
So what I gleamed from our conversation is purely my own view and I hope it will be of some help in reflecting on MDZ future direction.
The 2 monthly revenue stream is a genuine reflection of things happening now and likley to increase more as overheads are streamlined and cut and the team set challenging cash growth targets. Revenue of £3.75/ £4.5m is in sight and currently ahead of future projected targets. Revenue is ahead of schedule from April to July. Sept to Nov is a critical period for increased growth and opportunities as the sector is expanding fast. Greater opportunities to 'pitch' and grow speedily with potential new contracts - that will bring into play advisory services on maintenance, upgrades and content provision. The sector is really exciting at the moment and 5g cud be a future target play! MDZ current income stream is believed sufficient to meet growth projections into 2019 and unlikely to need to raise new funds. So we then spent time talking about how the bod cud communicate less formally with shareholders as has been recently been shown by Anthony Laiker and Aidan Bishop (BIG DISH) on lse bb's or by tweeting updates that are not commercially sensitive. GR was willing to discuss this with Lance to see how this might work in principal as he accepted the need to improve shareholder relations. On the matter of IH - GR saw no indifference, ambiguity, misrepresentation of IH holding. IH granted is a large stakeholder but there no angst between the bod and Ian. So at least we can put that matter to bed and move on. It's been a gritty, bumpy and uncertain year so far. I feel we can now expect significant improvement in revenue performance, better communications and a clearer direction of travel for the remainder of this year and next. So in summary, 4 things stand out for me. They are:
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