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Mondas a potential tenbagger (MDS)     

Romeo - 20 May 2003 08:21

I have held shares for quite a while in Mondas and it seems that patience is about to be rewarded. Recent contract wins from Man Securities and Credit Suisse lend credibility to Mondas's software solutions for the corporate actions space.

draw?period=1Y&action=&startDate=20%2F05draw?period=5Y&action=draw&startDate=30%

Momentum is clearly building, and at the current 30 pence, this share seems to have tenbagger potential. Market cap at present is just over 6 million pounds.

Do your own research, of course!

Best Regards
Romeo

pinenut - 23 May 2003 10:43 - 2 of 38

Gone a bit quiet the last 2 days but a nice chart. Wish the spread was a bit tighter though. Had these for somewhile now at 50p so have everything crossed for a revival

Romeo - 17 Jun 2003 05:54 - 3 of 38

Indeed, chart is looking very positive.

Romeo - 25 Jun 2003 07:12 - 4 of 38

Encouraging results from Mondas this morning:
-------------------------------------------------
Mondas PLC
25 June 2003

Mondas PLC


Preliminary Results for the year ended 30 April 2002


Mondas PLC, specialist providers of software solutions for the banking &
securities sector and the education sector, today announces preliminary results
for the year ended 30 April 2003.


ENQUIRIES:

Mondas PLC Tel: 020 7392 1302

Tim Simon, Chairman

College Hill Tel: 020 7457 2020

Matthew Smallwood


Mondas PLC

('the Group', 'the Company' or 'Mondas')

Preliminary Results for the year ended 30 April 2003


Chairman's Statement

INTRODUCTION

I am pleased to report on the consolidated results of Mondas for the year ended
30 April 2003. During the second half year to 30 April 2003 Mondas PLC ('the
Group', 'the Company' or 'Mondas') achieved its best operating results to date,
posting record revenues and operating profits with substantial cash generation.
Investment in new products throughout the year has now been translated into
sales in both Financial and Education Markets. Complex large-scale systems have
been successfully deployed in both the Financial and Commercial Sectors. Our
client list has continued to expand both in quality and quantity, with major
elements of the Credit Suisse group adopting our flagship financial solution,
Radica CAPS (Corporate Actions Processing System). All this was accomplished
despite the ongoing bear market and general economic slowdown and has reinforced
our position as a market leader in accounting solutions for the Further
Education market, and in Corporate Actions ('CA') processing in the Banking &
Securities Sector.


RESULTS

Turnover for the twelve months to 30 April 2003 was 3.713 million (2002: 3.742
million). The final six months saw revenues grow by 12% to 2.260 million (2002:
2.012 million). This partially offset the turmoil in the first six months of
the year that adversely affected sales, particularly in the Financial sector.
Turnover was split approximately equally across the business units. Material
licence and service income from the major new contracts from financial
institutions and final deliveries to Blue Arrow Limited ('Blue Arrow') and GNI
Limited ('GNI'), contributed to the increased revenue in the second half.


Our operating loss before goodwill amortisation and depreciation was 679,000
(2002: 416,000). This was after a restructuring charge of 154,000 (2002:
180,000) reflecting reductions made to address the continuously challenging
economic environment. After allowing for this charge, the second half saw an
operating profit before interest, tax, depreciation and amortisation of 229,000
(2002: 84,000)


Despite the trading environment Mondas continued to invest in new products and
during the year increased its Research & Development investment to 616,000
(2002: 363,000). Major projects included the development of Resource Learning
Management System ('LMS') and the new version of Radica CAPS.


Cash balances as at 30 April 2003 were 977,000 (2002: 1.420 million). During
the second half Mondas generated significant cash from operations in addition to
the 350,000 net proceeds from the December 2002 placing. The Company placed, at
23.5p per share, 1,004,749 new ordinary shares and 573,722 existing ordinary
shares (resulting from the Reality warranty claim settlement, raising 134,000.
Such shares would otherwise have been cancelled and had been fully provided for
at 30 April 2002). Both new and existing institutional investors, as well as
members of the Board and staff, participated in this placing.


Trade debtors represented the last 19 days of sales based on billings in April
2003 (2002: 23).


Deferred revenues increased to 856,000 (2002: 796,000), and the order book
stood at 900,000 (2002: 1.700 million). The change in the value of the order
book primarily arises from significant deliveries against the large order from
Brewin Dolphin Securities Limited ('Brewin Dolphin') received in April 2002.

OPERATIONS REVIEW

The Company now comprises two discrete business units: one addressing the
Banking and Securities Sector ('Finance Business Unit') and one focused on the
Public and Commercial Sectors with Resource accounting and financial solutions
('Resource Business Unit'). The Company has been structured to withstand the
uncertainties in the market and will continue to match resources with market
demands.


FINANCE BUSINESS UNIT REVIEW

We were delighted to announce in December 2002, that Mondas has signed an
agreement with Credit Suisse First Boston (Europe) Limited ('CSFB'), for the
largest sale to date of Radica CAPS. The contract for the initial phase, covers
licences, project and support services for their UK, European and possibly Asia
Pacific based investment banking and securities businesses. This order is worth
a minimum of 640k to the Company, with CSFB having the option of confirming an
additional 450,000 of professional services work.


Following on from this, in April 2003, contracts were signed with Credit Suisse
Asset Management (UK) Holding Limited ('CSAM') worth a minimum of 112,000 for
Radica CAPS. Both these sales were won against strong competition from both
European and U.S. vendors.


In the period, the Corporate Actions team has been extended to bring additional
skills and more resources into the unit. The latest version of Radica CAPS was
implemented at GNI, part of the Man Group plc, where they stated that 'the
Mondas team had managed the project extremely professionally and proved its
ability to deliver a quality, functionally rich CA solution'. We believe this
has helped to demonstrate to the market that we are a credible vendor for
increasingly larger Corporate Actions projects.


In addition, client demands have led to enhancements addressing the specific
needs of the global investment banking arena which, the Directors believe, will
expand the market for Radica CAPS to many different institutions across the
Banking & Securities Sector.


Mondas has continued to develop new solutions and deliver enhancements for its
existing clients such as Man Securities, Close Wealth Management and leading
private client broker, Brewin Dolphin. Mondas continues to look for new areas to
deploy its technology and has now developed a complex, workflow-based control
system to monitor and reconcile disparate applications and replicate data. The
first deployment of this new system will be in the current reporting period and
may trigger new opportunities in due course.


RESOURCE BUSINESS UNIT REVIEW

The Mondas strategy to take its accounting and finance solution, Resource 32000,
into larger commercial organisations was validated by the successful
implementation of the Credit Management system for Blue Arrow, one of the UK's
largest recruitment businesses. This was the largest delivery that the Resource
Business Unit has made with over 100 users of the system in a contract worth
over 350,000. The Directors believe that similar contracts, despite their
longer sales cycles, represent a significant opportunity. Mondas is therefore
further investing in its ability to win and deliver these solutions.


Mondas has worked with its Education sector customers to broaden its product
offering. This has produced an integrated suite that adds learning management
and continuous professional development applications to our existing accounting,
human resources and payroll solutions. Your Board believes that there are few
companies capable of delivering a truly integrated solution such as this and the
investment during the year is beginning to bear fruit. In June 2003, we achieved
our first Resource LMS sale and, indeed, first integrated solution sale
combining Resource LMS with Resource 32000 for Richmond Adult Community College
in a pioneering agreement worth approximately 100,000.


Launched in November 2002, Resource LMS manages the people and processes within
an education environment including enrolments, examination management and, vital
to colleges, the production of the government reports required to secure their
funding. The Directors believe that many more colleges will be seeking to
replace their systems in this area over the next few years.


MANAGEMENT CHANGES

In January 2003 Tom McClelland resigned from the Board of Mondas Information
Technology Limited, the Company's only wholly-owned trading company, and
announced his intention to pursue other ventures, leaving the Company in July
2003. Mondas would like to thank him for his contribution to the Company and
wish him all the best for the future.


DIVIDEND

The Directors are not recommending the payment of a dividend in respect of the
financial year under review (2002: nil).

FUTURE PROSPECTS

The strategy within the Education Sector has been to extend the range of
products offered to both new and existing customers. The new Resource LMS
product is already generating significant interest. A consortium of Sixth Form
Colleges have been evaluating the product recently and a number of
non-legally-binding Letters of Intent have been received which, if all the
consortium convert to firm contracts, will represent an aggregate value of
approaching 700,000 over five years.


A recent report from US research company, Celent Communications, claims that
'spending on Corporate Actions projects is projected to total almost US$830
million between 2003-2007 as the securities and investment industry looks to
automate one of the last remaining manual areas within the securities processing
chain.' We believe that Mondas is in an enviable position in one of the few
markets where global institutions are still spending. Today, the Company is in
exclusive contractual negotiations with one of the world's largest banks with
retail and wholesale operations, which wishes to automate its CA processing with
Radica CAPS.


Your Board believes that the opportunities facing the Company today will enable
Mondas to expand both organically and through acquisition. In the Banking and
Securities Sector, following approaches from US organisations, members of the
management team visited sales prospects, clients and alliance partners to
discuss US openings. The Company is actively seeking acquisition opportunities
to help both Business Units extend their reach.


Having earned an operating profit in the second half of the period under review,
the Directors expect this trend to continue into the current year. I am hopeful
that we will be able to announce much improved results when I report to you next
year.


The Board would like to thank all at Mondas for creating, through their hard
work and commitment, the opportunity that we have now.


D T A Simon

Chairman

25 June 2003






Romeo - 08 Jul 2003 15:50 - 5 of 38

This one seems like a coiled spring that could release its energy upward at any moment...

Romeo - 14 Jul 2003 16:45 - 6 of 38

Mondas PLC
14 July 2003



Mondas PLC
('Mondas' or 'the Company')

Proposed Placing by Teather & Greenwood Limited
of 5,000,000 new Ordinary Shares at 30 pence per share

Mondas PLC today announces a proposed placing of 5,000,000 new ordinary shares
representing 23.7 per cent. of the existing issued ordinary share capital of the
Company, at a price of 30p per share (the 'Placing Price') to raise 1,500,000
gross (approximately 1.425 million net of expenses) (the 'Placing'). The
proceeds of the Placing will be used to accelerate Mondas's product development
plan and to expand into other markets. The Placing is conditional upon
shareholder approval which is to be sought at an Extraordinary General Meeting
('EGM') of the Company convened for 8 August 2003, notice of which is set out in
a circular ('Circular') to shareholders to be posted later today.

Background and reasons for the Placing

In the Chairman's statement announced with the preliminary results on 25th June,
2003, we described the encouraging trading which we experienced in the second
half of the year ended 30th April, 2003, achieving our best operating results to
date, posting record revenues and operating profits with substantial cash
generation. Also described was how the business of Mondas is now organised into
two discrete business units, namely the Banking and Securities Business Unit and
the Resource Business Unit, which concentrates on the Public and Commercial
Sectors providing the Resource accounting and financial software solution.

In the Chairman's statement it was stated that the Board believed opportunities
faced the Company which would enable it to expand both organically and by
acquisition.

Following the announcement of the preliminary results, our flagship corporate
actions product, Radica CAPS, led Mondas to be assessed by an independent panel
of user experts at the 2003 City Compass Benchmarking event, 'as the leading
supplier of Corporate Actions systems for Asset Managers and Broker Dealers'.
Our customer list now includes Credit Suisse First Boston (Europe) Limited,
Credit Suisse Asset Management, GNI, Man Securities, Close Wealth Management and
Brewin Dolphin.

Following this assessment the Directors believe the Company has an opportunity
to take Radica CAPS into other markets, including Global Custody and overseas
markets, in particular the United States where specific opportunities exist with
large financial organisations. To capitalise on these opportunities we now need
to accelerate plans. At the same time we need to augment our local
implementation and support services in these overseas markets. The Directors
recognise that development of these opportunities can involve protracted
negotiations and investment during the sales cycle.

The Directors have recognised for some time that additional equity capital would
be necessary to pursue these objectives and address the issues just described.
The Placing will broaden our institutional shareholder base and enhance our
financial strength, particularly when being viewed as a vendor of major systems.
We also believe that small complementary acquisition opportunities exist in
our market place, particularly for those companies with the resources to exploit
them.

Current trading

On 25th June, 2003 the Company announced its preliminary results for the year
ended 30th April 2003, which showed a turnover of 3.71 million an operating
loss before goodwill amortisation and depreciation of 680,000 and a loss before
taxation but after goodwill amortisation and depreciation of 2.22 million. The
results for the year are set out in full in the 2003 Annual Report and Accounts,
which are to be enclosed with the Circular.

The Company is also pleased to announce today that the Resource Business Unit
has won two further assignments in the health and education sectors. The Orkney
NHS Trust contract is worth approximately 80,000 and the University of Wales
Registry 40,000.

The Placing

The Company is proposing to raise 1.5 million gross (approximately 1.425
million net of expenses) by the issue of 5,000,000 new Ordinary Shares at the
Placing Price, (representing 23.7 per cent. of the Existing Ordinary Shares) to
institutional, and other clients of, Teather & Greenwood. The Placing Price
represents a premium of approximately 3.45 per cent. to the closing mid-market
price of the Ordinary Shares on 11th July, 2003 The net proceeds of the Placing
will amount to approximately 1.425 million, which will provide working capital
for the Company. The Placing is conditional on the passing of the resolutions
('Resolutions') to be proposed at the EGM.

Pursuant to a Placing Agreement, Teather & Greenwood has agreed to use its
reasonable endeavours to procure placees for the Placing Shares at the Placing
Price. The Placing Agreement is conditional on, inter alia, the passing of the
Resolutions and admission to trading of the Placing Shares on AIM. The Placing
is not underwritten.

The new Ordinary Shares will not be offered generally to shareholders, whether
on a pre-emptive basis or otherwise. The Directors believe that the additional
cost and delay to which a rights issue or an open offer would entail, would not
be in the best interests of the Company in the circumstances, given the relative
size of the Placing.

Application will be made for the Placing Shares to be admitted to trading on AIM
and dealings are expected to commence on 11th August, 2003.

Recommendation

The directors unanimously believe that the Proposals are in the best interests
of the Company and its Shareholders and recommend that shareholders vote in
favour of the Resolutions, as they intend to do in respect of their aggregate
shareholding of 6,500,246 Ordinary Shares, representing approximately 30.8 per
cent of the issued share capital of the Company.

EGM

Notice of the EGM is set out in the Circular which is beheld at the offices of
John East & Partners Limited, Crystal Gate, 28-30 Worship Street, London EC2A
2AH on 8th August, 2003, at 10.35 a.m. (or as soon thereafter as the Annual
General Meeting convened for 10.30 a.m. on the same date and at the same place
shall have been concluded or adjourned).

14 July 2003


ENQUIRIES:

Mondas PLC Tel: 020 7392 1302
Ian Selby, Finance Director

Teather & Greenwood Tel: 020 7426 9000
Stephen Austin

John East & Partners Tel: 020 7628 2200
Simon Clements

College Hill Tel: 020 7457 2020
Matthew Smallwood



This information is provided by RNS
The company news service from the London Stock Exchange

Romeo - 15 Jul 2003 16:08 - 7 of 38

This baby looks like it wants to run...

Romeo - 23 Jul 2003 09:03 - 8 of 38

Starting to move now... 32-35

goldfinger - 23 Jul 2003 11:55 - 9 of 38

I like the look of this one Romeo and am thinking of getting in. Thanks for your excelent research on the company.

Would just like to add that Techinvest are going to be running an article on this in the August issue, so we could see a price move north around the beginning of August. good luck. GF

Romeo - 29 Jul 2003 04:04 - 10 of 38

Somebody bought 25k late in the day at 1p above the ask, very interesting...

Romeo - 30 Jul 2003 16:30 - 11 of 38

Breaking out now, 42p midprice.

Crocodile - 30 Jul 2003 16:44 - 12 of 38

Is that Romeo for Etrade * ADVFN ? :-)

Romeo - 31 Jul 2003 02:54 - 13 of 38

Yes, indeed! How are ya, Croc?

Romeo - 31 Jul 2003 15:15 - 14 of 38

Mondas PLC
31 July 2003


31 July 2003


MONDAS PLC ('Mondas' or 'the Company')

New Contract



EIGHT COLLEGES IN CONSORTIUM CHOOSE NEW RESOURCE LEARNING MANAGEMENT SYSTEM FROM
MONDAS


Eight of a consortium of Sixth Form Colleges has selected Mondas PLC's new
Resource Learning Management System (LMS). The aggregate contract value
(comprising licence, services and the first year's software support) is in
excess of 250,000 with potential additional support of approximately 300,000
over a further four years.


'I mentioned in my recent Chairman's Statement that we had received some Letters
of Intent from the consortium of Sixth Form Colleges and we are very pleased to
announce that the first eight have now signed contracts. We expect the remainder
to close in the near future' comments Tim Simon, Chairman & Chief Executive
Officer at Mondas PLC.


Resource LMS, is one of the latest additions to the Mondas portfolio for the
Education Sector where its Financial Suite, Resource 32000, is already a market
leader. This new comprehensive solution comprises Learner administration,
Examination & Programme management, Timetabling & Registers, Resource Planning
and the all-important reports upon which government funding is based.


The eight Sixth Form Colleges currently contracted include Shrewsbury, Hereford,
Collyers (Horsham, West Sussex), Sir John Deane (Northwich, Cheshire), Regent
(Leicester), Gateway (Leicester), Wyke (Hull) and Varndean in Brighton.


Tim Simon continues: 'The Education Sector is of strategic importance to Mondas
and we have built an exciting range of solutions specifically for education
environments. These include Financials, MIS, HR, Payroll, Continuous
Professional Development and, of course, Resource LMS which we believe has a
significant market opportunity as endorsed by this Sixth Form Consortium.'



Ends


For further information, please contact:

Tim Simon or Sally Johnson, Mondas PLC, Tel: 020 7392 1300
Website:

www.mondas.com.






This information is provided by RNS

Crocodile - 31 Jul 2003 16:42 - 15 of 38

Romeo, Very well thanks. Good to see you on here.
D.

Romeo - 05 Aug 2003 18:18 - 16 of 38

We have now tested - and held - support at 40 pence. Chart looks strong.

Romeo - 09 Sep 2003 15:38 - 17 of 38

Now testing 50p resistance, next stop 70p in my humble opinion...

Romeo - 23 Sep 2003 07:09 - 18 of 38

Mondas PLC
23 September 2003


23 September 2003


MONDAS PLC ('Mondas')


CREDIT SUISSE FIRST BOSTON (EUROPE) LIMITED EXTENDS WORK ORDER FOR MONDAS'
CORPORATE ACTIONS PROJECT

Banking & securities software specialist, Mondas, announced today that it has
received a further work order to the value of 170,250 which extends the
agreement already in place to deliver its flagship product, Radica CAPS, to
Credit Suisse First Boston (Europe) Limited.

For further information, please contact:

Sally Johnson
Mondas PLC
020 7392 1300

www.mondas.com

This information is provided by RNS
The company news service from the London Stock Exchange

ticker - 23 Sep 2003 14:24 - 19 of 38

Romeo,

Any ideas why the share is down on good news??

Thanks

T

Romeo - 23 Sep 2003 17:35 - 20 of 38

Could be that everyone was expecting a larger contract with the aforementioned "major U.S. bank." That seems weeks away now, at the least.

R.

ticker - 24 Sep 2003 11:56 - 21 of 38

Thanks for that R. I have been monitoring this stock for a while but was never sure when would be a good time to buy. Do you think this stock is still attractive at its current level?

Romeo - 24 Sep 2003 14:36 - 22 of 38

Newsflow continues to be positive, I remain surprised that the shares haven't moved on the back of two separate contract announcements:

-------------------------------------------------------------------
Mondas PLC
24 September 2003


Release date: 24 September 2003
- embargoed until 7 a.m.


MONDAS PLC ANNOUNCES FOUR NEW CONTRACTS FOR ITS RESOURCE ACCOUNTING DIVISION


AIM-listed Mondas PLC, a market leader in specialist software solutions for the
Further Education and Finance Sectors, today announces four new contracts
totalling over 195,000, including its first order for the recently released
Resource CPD solution for Continuing Professional Development.

This is from South East Essex College of Arts & Technology, which will integrate
CPD with its existing Resource 32000 Financial Suite and Human Resources
solution.

The Sixth Form College consortium which recently placed orders for the new
learning management system, Resource LMS, has now been extended with two further
contracts received from Palmer's College at Grays in Essex and Luton Sixth Form
College, bringing the current total to ten participating colleges.

Mondas' Resource 32000 is also widely used across a range of commercial sectors
and its order processing solution for the Distribution Sector has been selected
by Ecoflam, a subsidiary of long-term client manufacturing and distribution
giant MTS Group.


For further information, please contact:


Sally Johnson
Mondas PLC
Tel: 020 7392 1300

www.mondas.com

This information is provided by RNS
The company news service from the London Stock Exchange
-------------------------------------------------------------------

My price target is 2 quid a couple of years out. A definite buy (and a safe one, at that) at current levels.

DYOR
Romeo

Romeo - 18 Dec 2003 14:22 - 23 of 38

H1 Results out today, as well as an impressive contract win with HSBC.

Mondas has a bright future.

Romeo

Romeo - 20 Jan 2004 13:22 - 24 of 38

50p resistance being tested again. Break through and next stop should be 80p level.

Tech - 28 Jan 2004 10:46 - 25 of 38

We are at the resistance point. Will we break today. Good luck to all holders.

apple - 28 Jan 2004 11:49 - 26 of 38

Hope it does it.

Romeo - 16 Feb 2004 14:34 - 27 of 38

Push, Push! Gotta get through 50p!

gac141 - 13 Oct 2004 17:56 - 28 of 38

Is there anyone still looking. If so join ADVFN good board with many knowledgable posters

Romeo - 25 Oct 2004 11:13 - 29 of 38

AGM this Friday, many questions to be resolved. I am confident that things will steadily improve from there.

DYOR
Romeo

Romeo - 25 Oct 2004 13:00 - 30 of 38

Directors are buying...

RNS Number:4346E
Mondas PLC
25 October 2004


Mondas plc ("Mondas" or "the Company")

Directors' Share Purchases

The directors of Mondas announce that Colin Peters, (chairman) has today
purchased 150,000 ordinary shares in the Company at 20p per share, representing
0.57 per cent of the issued ordinary share capital of the Company. Mr Peters now
holds 1,369,757 ordinary shares, representing 5.24 per cent of the issued
ordinary share capital of the Company.

The directors also announce that the self invested pension plans ("SIPP") of
Jarlath McGee (chief executive) and Ian Selby (finance director) have today
purchased 175,000 and 25,000 shares in the Company respectively at 20p per
share. These purchases represent 0.67 per cent and 0.1 per cent respectively of
the issued ordinary share capital of the Company. As a result, Mr McGee's SIPP
now holds 175,000 ordinary shares and Mr Selby's SIPP now holds 81,553 ordinary
shares, representing 0.67 per cent and 0.31 per cent respectively of the issued
ordinary share capital of the Company.



25 October 2004

Romeo - 19 Nov 2004 11:14 - 31 of 38

Major buying yesterday, looks like we may start to move up at last.

Romeo - 24 Jan 2005 12:47 - 32 of 38

Results out this week could mark the beginning of something very special.

Romeo - 04 May 2005 07:57 - 33 of 38

Maiden profit just announced! No longer a speculation, I think this share has very healthy upside from here.

DYOR
Romeo

Romeo - 30 Aug 2005 08:41 - 34 of 38

I still haven't given up hope on this one. At 18 pence, well worth taking a chance on.

Romeo - 26 Apr 2006 14:27 - 35 of 38

Newsflow improving, some nice contracts in recent weeks!

Romeo - 01 Jun 2006 14:32 - 36 of 38

The story is better than ever at Mondas. Onward and upward!

FONTY - 29 Aug 2006 22:13 - 37 of 38

Is Mondas shot or just a pain in the Mondas?

Romeo - 26 Sep 2006 07:56 - 38 of 38

After this morning's results, I would have to say the future is bright, indeed! Sorry it took so long, but I believe we are finally on our way!
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