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Stocks With Momentum: The Media Shoppe

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Stocks With Momentum: The Media Shoppe Empty Stocks With Momentum: The Media Shoppe

Post by Cals Sun 22 Mar 2015, 22:44

Stocks With Momentum: The Media Shoppe




By theedgemarkets.com / theedgemarkets.com   | March 20, 2015 : 11:08 AM MYT

The Media Shoppe Bhd (-ve)
[size=14]THE Media Shoppe (TMS)
 ([You must be registered and logged in to see this image.] Financial Dashboard) (Fundamental: 2.25/3, Valuation: 1.2/3) is a web-based applications and solutions provider which has also expanded into trading of IT and ICT products.


Though revenue grew exponentially between FY2010 and FY2013, TMS remained in net loss position. Upon acquiring Viewnet Computer System Sdn Bhd and Open Adventure Sdn Bhd, its revenue for FY2013 increased 188.2%.

For FY2014, TMS’ revenue increased 12.6% to RM256.88 million, while net loss was reduced to RM1.48 million from RM5.51 million. 

TMS has proposed a share capital reduction and share consolidation exercise. Effectively, a shareholder holding two shares of 10 sen par value each will see the par value of his shares halved from 10 sen to 5 sen, and consolidated back into one share of 10 sen. 

After the exercise, net assets per share will rise from 8 sen to 17 sen, slightly above the current cost of 13 sen, based on 2 shares at the share price of 6.5 sen.

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This article first appeared in The Edge Financial Daily, on March 20, 2015.
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