The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
You've just seen a perfect example of a pump and dump this morning, there's groups of people targeting shares like this in the hope of buying and getting a rally going to bring in the suckers and then get out quick at a profit, look at the trades now
SP down again today although it barely registers on here now due to the many episodes of dilution that have taken place. One good indicator of the value attributed to this company are EP & F, one of the major shareholders, currently holding 1.89% of the company. Their valuation of MDZ is usually found in their annual financial statement but appears to be missing in the last report, probably hidden away on the current assets line no doubt. On the previous years financial statement they valued MDZ at half of todays' price if you want to think about that for a minute......?
Morning Davey, I didn't get burned as such I got out at break even when they launched their retail analytics tool, I jumped out on the spike and got my money back, sadly its been all downhill from that point. There is still small value in the listing but I can't see much else to cheer about, they're constantly trying to raise capital via CLN's or fundraisers which dilute shareholder value to get projects completed. Whilst they're fleecing shareholders they're paying their mates high interest rates on the loan notes as we've just seen in August, the proof is all there on the last set of interims. This is why financial costs have increased despite the cost cutting, they're lining someone elses pocket and not yours. Every year we hear the same old fluff whilst the SP dies a slow death. I can buy a million shares now for £480, the question is why isn't Geoff the CEO and the gang buying when they're so cheap, if he won't buy why should anyone else? The 3 main directors only own 6% of the company between them, they have no interest in increasing their holdings as there is no prospect of increasing shareholder value plus no dividend, ever. They get paid a salary regardsless and one of them is getting a high rate of interest indirectly on the loan notes through an offshore account. Quite happy to debate anyone on any point, please change my mind ?
Taverham, I hope your not holding up the last set of interim results as some shining example of success, sales were down, gross profit was down, financial costs increased by 21% when they stated they were cutting costs. They turned a profit into a loss and ended up with only £10,000 in the bank. You may recall they had to issue loan notes in August to raise more money. Pease refrain from trying to ramp this up, the facts state othwerwise.
The SP is now down 13% from opening, heed the gypsy's warning, this company is going nowhere and I can't believe they're still listed.
If anyone was any detailed analysis of this company please ask as I've been following for years, I can tell you what the CEO has for breakfast
Not a single number quoted in the release, just more jam tomorrow BS. This is typical MDZ spin to get the suckers in and I can see they've caught a few already....
Those with short memories better go and check out how much the company had in the bank before the last fundraiser In August, they don't have the capital for large scale projects, spare cash is going into the pockets of the largest shareholders, you can see on the last RNS who benefits, but I 'll let you take a look for yourselves.
Davey, there is no reason for the rise, its a pump and dump, it s a group of leeches preying on someoes else's ignorance of this company. All the shares bought today will probably be sold tomorrow as they were the last time I highligted it but lets wait and see?