(MES) Messaging International
Summary
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| 16-12-11 | RNS |
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RNS Number : 1451U Messaging International Plc 16 December 2011 Messaging International Plc / Market: AIM / Epic: MES / Sector: Technology
Messaging International Plc ('Messaging International' or 'the Company') Result of GM
Messaging International, the AIM traded provider of innovative messaging services, announces that at the General Meeting of the Company held earlier today, all resolutions were duly passed.
**ENDS**
For further information visit www.telemessage.com or contact:
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 23-11-11 | RNS |
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RNS Number : 5810S Messaging International Plc 23 November 2011 Messaging International Plc ('Messaging International' or 'the Company')
Proposed Capital Cancellation Proposed Share Buy-Back Proposed Grant of an Option and Notice of General Meeting
Messaging International, the AIM traded provider of innovative messaging services, announces that it has today entered into the Buyback Agreement with Pacific Continental Securities (UK) Limited (in Liquidation) ("Pacific") pursuant to which the Company is to acquire the 80,007,853 Ordinary Shares registered in the name of Pacific ("the Buyback Shares") from Pacific at a price of approximately 0.15936 pence per Buyback Share ("the Buyback").
In order for the Company to be able to effect the Buyback it is necessary to carry out the cancellation of the share premium account of the Company ("the Capital Cancellation") in order to create the necessary distributable reserves from which the Buyback Shares can then be purchased.
The acquisition of the Buyback Shares is conditional upon, inter alia, (a) the passing of the Resolutions at a general meeting of the Company; (b) the approval by the Court of the proposed Capital Cancellation and upon the Capital Cancellation becoming effective in accordance with the Companies Act 2006 (the "Act"); and (c) the Company having sufficient distributable reserves to then effect the Buyback in accordance with the Act and the terms of the Court order approving the Capital Cancellation. The Company intends to make an application to the Court to approve the Capital Cancellation on or around 15 January 2012 provided that the Resolutions have been passed at the General Meeting. If the Court approves the Capital Cancellation, it is expected that the Company will complete the Buyback on or about 15 February 2012.
The purchase of the Buyback Shares by the Company and their subsequent cancellation will reduce the number of Ordinary Shares in issue from 235,880,000 to 155,872,147; being equivalent to a reduction of approximately 33.92%. This will benefit Shareholders because they will hold a larger ownership stake in the remaining Ordinary Shares of the Company.
Pacific, the Company's largest shareholder with an interest in 80,007,853 Ordinary Shares, was put into administration in 2007. The administration of Pacific occurred following the FSA's forced closure of Pacific in 2007 as a result of various activities which had been undertaken during previous years by Pacific. Pacific subsequently entered into creditors' voluntary liquidation on 21 March 2008. The current liquidators of Pacific are Anthony Spicer and Vivienne Oliver ("the Liquidators"). Following negotiations between the Liquidators and the Directors, agreement was reached for Pacific to sell the Buyback Shares to the Company for consideration of £127,500 at a price of approximately 0.15936 pence per share to be satisfied in cash. In addition, it was agreed that the Company would grant to Pacific an option, exercisable in whole or in part, to subscribe up to 10,000,000 new Ordinary Shares at 0.5 pence per share("the Option").
The Directors have examined a number of ways in which the Buyback Shares could be acquired from Pacific and believe that the Capital Cancellation and Buyback is the most appropriate manner in which to achieve the sale of the Buyback Shares and that the Capital Cancellation, the Buyback and the grant of the Option are in the best interests of the Shareholders as a whole. The Capital Cancellation and the Buyback are both conditional on, inter alia, the passing of the Resolutions at the General Meeting.
Accordingly, the Directors have convened the General Meeting at which Shareholders will consider, and if thought fit, approve, inter alia, the Capital Cancellation and the Buyback. Notice of the General Meeting, which is convened for 10.00 a.m. on 16 December 2011, is set out in a circular to Shareholders which is being sent to Shareholders today and is available on the Company's website (www.telemessage.com) (the "Circular").
Under AIM Rule 13 the Buyback and the grant of the Option to Pacific (which is a substantial shareholder within the meaning of the AIM Rules) is a related party transaction. The Directors consider, having consulted with Seymour Pierce Limited, that the terms of the Buyback and the grant of the Option to Pacific are fair and reasonable insofar as the Shareholders are concerned.
The Company has received an irrevocable undertaking to vote in favour of the Resolutions from Reverse Take-Over Investments Plc, which has a beneficial interest in 23,000,000 Ordinary Shares representing approximately 9.75 per cent. of the Issued Share Capital, from Nir Elperin, who has a beneficial interest in 333,334 Ordinary Shares representing approximately 0.14 per cent. of the Issued Share Capital, from Gil Shapira, who has a beneficial interest in 4,387,608 Ordinary Shares representing approximately 1.86 per cent. of the Issued Share Capital and from Arba Finance Company Limited, which has a beneficial interest in 3,088,683 Ordinary Shares representing approximately 1.31 per cent. of the Issued Share Capital.
In addition, the Directors have also undertaken to vote in favour of the Resolutions in respect of their aggregate beneficial holdings of 74,284,396 Ordinary Shares representing approximately 31.49 per cent. of the Issued Share Capital.
In aggregate, irrevocable undertakings to vote in favour of the Resolutions have been received by the Company in respect of 105,094,021 Ordinary Shares representing approximately 44.55 per cent. of the Issued Share Capital.
Pacific has undertaken not to vote on any of the Resolutions as under the Act it is not permitted to vote on Resolution 2, which is the Resolution proposed to approve the Buyback.
Terms defined in the Circular shall have the same meaning in this announcement.
**ENDS**
For further information visit www.telemessage.com or contact:
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 29-09-11 | RNS |
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RNS Number : 1361P Messaging International Plc 29 September 2011 Messaging International Plc / Market: AIM / Epic: MES / Sector: Technology 29 September 2011 Messaging International Plc ('Messaging International' or 'the Company') Interim Results
Messaging International Plc, the AIM traded company and provider of converged messaging products and services, announces its results for the six months ended 30 June 2011.
Highlights
· Strengthened global market position as a leading provider of innovative messaging services · Pre and post tax profit of £170,401 for 6 months to 30 June 2011 (2010: loss £25,628) · Total revenues for the period totalled £1,684,354 (2010: £1,234,842) · Steady trading resulting in 36% increase in gross revenue · Expanding geographic footprint - established new clients in North America for 'Text to Landline' messaging products · Growth in revenues from our new 'Massaging Gateway' either directly or through our customers in North America and Israel
Chairman's Statement
Trading has been solid for Messaging over the last six months as we continue to focus on developing converged messaging services, through our subsidiary TeleMessage, to improve the way users and operators send messages across various communication mediums. We have close relationships with our blue-chip client base, a highly creative R&D team and innovative messaging solutions which ensure that the Company retains its place as a leading provider in this sector.
Our converged messaging products and services are provided to carriers and enterprises to deliver text, voice, video and multimedia messages to and from any communication device. Users can send, receive, and manage SMS, MMS, voice, fax and e-mail messages from the Internet, fixed or mobile phones and application programming interfaces ('APIs').
Our clients include, among others, companies such as Sprint in the US, Rogers Wireless, Bell Mobility and Telus in Canada, USI in Russia and T-Mobile in Macedonia. We ensure stable revenues by either hosting messaging services for a per-message fee or by selling software licences, which are usually linked to the number of messages that can be sent through the system or to the number of active users.
Sales of our Messaging Gateway product, which offers a range of interfaces for content providers, enterprises and Facebook developers, continue to increase. The product enables enterprises to send out messages (mainly SMS/MMS, but also voice, fax and email) to customers and employees on a wide scale and uptake is gaining impetus particularly as more clients understand its convenience and cost-saving benefits.
Our hard working Israeli based R&D team continues to develop existing products and create new ones to ensure that we maintain our position in the market and continue to the supplier of choice for our partners. Our products conform to Open Network Enabler API standards so that our converged messaging services can be integrated across multiple operators. These include a range of new Facebook applications and API devices, which allow developers to integrate SMS, MMS, voice, conferencing, fax and video messaging within their own applications.
Financial Results
As demonstrated by our financials, Messaging continues to demonstrate growth and maintain profitability. For the period ended 30 June 2011, we are reporting a profit before tax of £170,401 on the back of revenues of £1,684,354 (2010: £1,234,842)
The Company's cash position at 30 June 2011 was £393,311 (December 2010: £357,319).
Outlook
Our focus remains on increasing our presence within the telecom sector both geographically and technologically. We are a profitable company with an expert technical team that has again proven its ability to provide innovative messaging services that add value to our blue chip customers, thus positioning the Company for continued growth.
I would like to thank our team for their hard work and dedication over the past year, and our shareholders for their continued support. I look forward to reporting another successful period of trading at our interims.
H Furman Chairman 27 September 2011
**ENDS**
For further information visit www.telemessage.com or contact:
Consolidated statement of comprehensive income for the six months ended 30 June 2011
Consolidated statement of changes in equity for the six months ended 30 June 2011
Consolidated Statement of financial position as at 30 June 2011
Consolidated cash flow statement for the six months ended 30 June 2011
Notes to the interim report For the six months ended 30 June 2011
1. Basis of preparation and consolidation
The financial information contained in the interim results has been prepared in accordance with International Financial Reporting Standards ('IFRS') as adopted by the European Union. It has been prepared in accordance with IAS 34 - Interim Financial Reporting and does not include all of the information required for full annual financial statements.
The financial information contained in these interim results for the six months ended 30th June 2011 and 30th June 2010 are un-audited. The comparative figures for the year ended 31st December 2010 do not constitute statutory financial statements of the group within the definition of S434 of the Companies Act 2006. Full audited accounts of the group in respect of that financial period prepared in accordance with IFRS, which we received an unqualified audit opinion have been delivered to Registrar of Companies. The accounting policies and methods of computation used in the interim statement are consistent with those used in the financial statements for the year ended 31 December 2010 and are in accordance with International Financial Reporting Standards.
The statement of comprehensive income, statement of changes in equity and financial position include the financial statements of the company and its subsidiary undertakings up to 30 June 2011.
The consolidated interim financial statements do not include all the information required for full annual financial statements and therefore cannot be construed to be in full compliance with IFRS.
The consolidated interim financial statements were approved by the board and authorised for issue on 27 September 2011.
2. Turnover
3. Taxation
No provision has been made for taxation as the group has losses available to carry forward against future trading profits. No deferred tax asset has been recognised in accordance with International Accounting Standard 12.
4. Basic and diluted loss per share
For the six months ended 30 June 2011 and 30 June 2010, basic earnings per share has been calculated on the group's profit attributable to owners the company of £170,401 (2010: £25,628) and on the weighted average number of shares in issue during the year, which was 235,880,000.
Diluted earnings per share has been calculated on the group's profit of £170,401 which in addition to 235 million ordinary shares in issue, takes into account £100,000 worth of warrants and 23 million options to subscribe for ordinary shares.
For the year ended 31 December 2010, basic earnings per share has been calculated on the group's profit attributable to owners of the company of £357,245 and on the weighted average number of shares in issue during the year, which was 235,880,000.
Diluted earnings per share has been calculated on the group's profit for the year ended 31 December 2010 of £357,245 which in addition to 235 million ordinary shares in issue, takes into account £100,000 worth of warrants and 23 million options to subscribe for ordinary shares.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 27-09-11 | RNS |
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RNS Number : 9490O Messaging International Plc 27 September 2011 Messaging International Plc / Market: AIM / Epic: MES / Sector: Technology 27 September 2011 Messaging International Plc ('the Company') Recognised at Deloitte Technology Fast 50 EMEA
Messaging International Plc, the AIM traded provider of innovative messaging services, is pleased to announce that its 100% owned subsidiary, TeleMessage Ltd ('TeleMessage'), was ranked 21 in the prominent Deloitte Technology 2010 Israel Technology Fast 50, which highlights successful companies operating in the technology sector. This is the fifth consecutive year that TeleMessage has been recognised for its growth and innovation by the programme.
To determine the ranking, Deloitte reviewed revenues over five years and calculated the revenue growth percentage between 2006 and 2010 to compare the growth of Israeli companies operating in the technology sector. Over this period TeleMessage has grown 261%.
Messaging International CEO Guy Levit said, "We are delighted to have ranked in Deloitte's prestigious rating of the fastest growing technology companies for the fifth consecutive year and believe that this adds further credence to our innovative technological offering, the execution of our strategy and our strong blue-chip client base. This appraisal of our business demonstrates its continued position as a leading provider of converged messaging products, which is particularly significant within this fast growing and competitive sector."
"Because the Deloitte Brightman Almagor Zohar Fast 50 measures sustained revenue growth over five years, being one of the 50 fastest growing technology companies in Israel is an impressive achievement," said Tal Chen, partner in charge of the Deloitte Brightman Almagor Zohar Israel Technology Fast 50 Programme. "TeleMessage deserves a lot of credit for its remarkable growth."
* * ENDS * *
For further information visit www.telemessage.com or contact:
About Messaging International Plc Messaging International Plc joined AIM in August 2005 with the objective of becoming a leading provider in the rapidly growing multimedia messaging market. Its 100% owned subsidiary, TeleMessage Ltd (www.telemessage.com), provides converged messaging products and services for carriers and enterprises that deliver Text, Voice, Video and Multimedia messages to and from any communication device. Send, receive, and manage SMS, MMS, Voice, Fax and E-mail messages from the Internet, E-Mail clients, Fixed or Mobile phones and APIs. The Company has a number of contracts with major blue chip companies including Sprint Nextel, one of the largest wireless providers in the US, Rogers Wireless, the largest wireless provider in Canada, and AIS, the largest carrier in Thailand.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 27-09-11 |
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Messaging International Plc / Market: AIM / Epic: MES / Sector: Technology
27 September 2011 Messaging International Plc ('the Company') Recognised at Deloitte Technology Fast 50 EMEA Messaging International Plc, the AIM traded provider of innovative messaging services, is pleased to announce that its 100% owned subsidiary, TeleMessage Ltd ('TeleMessage'), was ranked 21 in the prominent Deloitte Technology 2010 Israel Technology Fast 50, which highlights successful companies operating in the technology sector. This is the fifth consecutive year that TeleMessage has been recognised for its growth and innovation by the programme. To determine the ranking, Deloitte reviewed revenues over five years and calculated the revenue growth percentage between 2006 and 2010 to compare the growth of Israeli companies operating in the technology sector. Over this period TeleMessage has grown 261%. Messaging International CEO Guy Levit said, "We are delighted to have ranked in Deloitte's prestigious rating of the fastest growing technology companies for the fifth consecutive year and believe that this adds further credence to our innovative technological offering, the execution of our strategy and our strong blue-chip client base. This appraisal of our business demonstrates its continued position as a leading provider of converged messaging products, which is particularly significant within this fast growing and competitive sector." "Because the Deloitte Brightman Almagor Zohar Fast 50 measures sustained revenue growth over five years, being one of the 50 fastest growing technology companies in Israel is an impressive achievement," said Tal Chen, partner in charge of the Deloitte Brightman Almagor Zohar Israel Technology Fast 50 Programme. "TeleMessage deserves a lot of credit for its remarkable growth." |
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Anyone any thoughts on where this going? Contemplating dipping in but worried about liquidity??
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| 15-07-11 | ||||
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Buy Messaging International (MES) at 0.975p
Says James Faulkner of WatsHot.com Messaging International (MES) was first tipped on WatsHot.com just over a week ago. Since then the share price has already shot up by almost 22%. But trading on a low PE ratio and operating in a market with strong growth potential, editor James Faulkner believes this hot tech stock has much further to go. On WatsHot.com, James provides two hot new tips like this each month, as well as regular updates and a daily column. Although past performance is no guarantee of future success, and some tips have gone down in value, the average gain per tip as at 31st December 2010 across the 23 stocks tipped last year on WatsHot.com was 73.28%. To get more top tips like this from James, and regular updates, join WatsHot.com now. Founded in 1999 and operating through its trading subsidiary TeleMessage, Messaging International offers converged messaging products and services for carriers and enterprises that deliver text, voice, video and multimedia messages to and from any communication device. Its solutions consist of three main product lines: SMS to Voice, PC to Mobile and the Messaging Gateway. SMS to Voice is the most developed of the three and has been taken up by a number of telecom operators such as Sprint Nextel and Bell Canada. In the telecoms world it is all about increasing ARPU (average revenue per user), and TeleMessage's "SMS to Landline", "SMS as Voice" and "Voice SMS" are leading value added services which can help increase optionality and improve the end user experience. In PC to Mobile, the company has developed an Internet Video Download application which gives users the ability to download, as well as stream, videos to mobile phones. Users can browse and send content from any video website to their friends' mobile phones, with the video being received as either a video stream or a video download file. Such a technology should benefit from strong tailwinds in the form of the growth of mobile video data traffic, with Cisco predicting a 39-fold increase in mobile data traffic from 2009 to 2014, 66% of which will be accounted for by video traffic. Also included in the company's PC to Mobile suite is a File to Mobile application. This enables users to drag and drop any PC files, including text documents, presentations and spreadsheets, and send them to any phone in an easy and intuitive manner, making the mobile phone a portable disk for PC content. The Messaging Gateway is perhaps the 'killer app' that will eventually kick-start the company's share price. By enabling the enterprise/user to send out messages (mainly SMS/MMS but also voice, fax and email) to customers and employees on multiple formats, Messaging Gateway removes the need to connect separately to each internal messaging system as well as to other supporting network systems and service enablers. This can yield many advantages for the operator through ensuring that messaging resources are used efficiently and according to the operator's policies, whilst also reducing integration costs and throwing up other opportunities such as mobile marketing. Messaging Gateway was launched during the first quarter of 2010 and at the interim stage the company spoke of "a substantial amount of interest" surrounding the product, which had already been sold to one customer in North America. By the time of the 2010 results, the company said it had increased sales of the product and noted it was "gaining momentum as more clients understand its convenience and cost-saving benefits." Risk Warning: The tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the recommendations contained here should seek independent advice. The value of investments can go down as well as up. Investing in equities can lose you part or all of your capital. Smaller company shares can be relatively illiquid and thus hard to |
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| 10-07-11 | ||||
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Many thanks ruudboy99 for flagging up this tip - a good overall view. MES website also very useful. Key indicators all positive. Just dipped my toe in first thing Friday ( it showed as a sell!).
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They have not been approved or issued by Interactive Investor Trading Limited.
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