Mr M sells Malaysian Auto trader

[Harpers So Solid Crew]

from a good source, but I cannot get any info on Google so stuck it here, does this mean he is going to pump some of the profit from that into RFC, and is that what we hope he does?

[Ian Royal]

from a good source, but I cannot get any info on Google so stuck it here, does this mean he is going to pump some of the profit from that into RFC, and is that what we hope he does?

Didn't he do this in 2000?

[DOYLERSAROYALER]

from a good source, but I cannot get any info on Google so stuck it here, does this mean he is going to pump some of the profit from that into RFC, and is that what we hope he does?

Highly unlikely !

[Harpers So Solid Crew]

from a good source, but I cannot get any info on Google so stuck it here, does this mean he is going to pump some of the profit from that into RFC, and is that what we hope he does?

Didn't he do this in 2000?

I am told he has sold his share of it, I might of course be wrong, but was not long ago that Malaysian Auto Trader was said the be one of his interests still

[brendywendy]

from a good source, but I cannot get any info on Google so stuck it here, does this mean he is going to pump some of the profit from that into RFC, and is that what we hope he does?

no. and not really

[Elmer Park]

From what I have read on business pages of newspapers and websites pretty much every one of SJM's well run businesses are losing money so if he is going to put money into any of his businesses RFC would be well down the list.

Because of the extreme parameters he sets for any prospective buyer of the Club he is in effect withdrawing the Club from the market (it was in effect never really on it anyway) so is unlikely to get back the money he has already lent the Club in the near future. Therefore I wouldn't think he would be looking to lend the Club any more money at the moment. I think the only way he would lend the Club any more money would be if it got in severe financial difficulties which may happen next summer unless one or two players make themselves saleable commodities over the season.

[Tinrib]

Correct - MTM Multimedia sold to Proto Corp (japan)

The sale was made by the two shareholders, JM being one, with JM's sharehoding 81% - The sale price was RM110m, or c £22.5m. , Madejski grossing c. £18.2m -

Article below confirms, and below that confirmation on Protos website (the purchaser) of the details of the deal.

MTM made a small trading loss in 2010, which is clamed to be due to Directors bonuses...

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MTM Multimedia to have new owner



Proto Corporation of Japan will acquire MTM Multimedia Sdn Bhd from its existing owners, with the transaction to be fully completed by September 2011. Proto Corporation, which is listed on the Osaka Securities Exchange, is acquiring 100% of the company for a sum of RM109.67 million.
Proto Corporation is a well-established publisher with a popular car portal site (Goo-net) which has the largest number of registered cars in Japan. It also offers a variety of information services that benefit the consumers and used car dealers.
Proto strives to achieve further growth in the automobile industry which is their core business by moving into the ASEAN market. They regard Malaysia, Thailand and Indonesia as having great potential for their business in view of the rapid increase in vehicle numbers every year.
MTM Multimedia Sdn Bhd, automotive publisher of the flagship magazine Motor Trader, Bike Trader and Autocar ASEAN, has attracted them as it is a well-established company with very popular publications, most notably the only weekly classified magazine (Motor Trader) that brings buyers and sellers together. It also has a well-established website (http://www.motortrader.com.my) which is among the top auto websites in Malaysia.


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ABOUT PROTO CORPORATION
Head Offices:
NAGOYA - 23-14, Aoi, 1-chome, Naka-ku, Nagoya 460-0006, Japan
TOKYO - 22-2, Hongo, 2-chome, Bunkyo-ku, Tokyo 113-0033, Japan
Branch Offices:
Sapporo, Sendai, Takasaki, Tokyo, Nagano, Hamamatsu, Nagoya, Kanazawa, Osaka, Hiroshima, Matsuyama, Fukuoka, Kumamoto (As of April 5, 2011)

Business Details:
Provision of information services on new cars, used cars, parts, and accessories: other automobile-related information: information for lessons at cultural schools and hobbies: and lifestyle-related information services.


ABOUT MTM MULTIMEDIA SDN BHD
MTM Multimedia Sdn Bhd is a publishing house that owns automotive magazines, Motor Trader, Bike Trader and Autocar. Motor Trader and Bike Trader are the only weekly classified magazines that hit the news stands every Thursday (Motor Trader) and Friday (Bike Trader).

Motor Trader magazine has just entered its 12th year in Malaysia. It was founded in the UK by Sir John Madejski some 30 over years ago. With a printed circulation of 35,000 copies weekly, the magazine can be found at all newsstands, convenience stores, book stores, supermarkets and petrol stations nationwide. The distribution also applies to Bike Trader which has a circulation of 15,000 copies per week.

Motor Trader was recently voted ‘Motor Vehicle Magazine of the Year’ by Advertising & Marketing Magazine that is subscribed by advertising agencies and top marketers in the country.
MTM Multimedia also publishes Autocar ASEAN magazine and produces two separate editions for the Malaysia and Singapore markets. The monthly title focuses on in-depth test drives and features on the latest cars in the local market as well as reports about the new models launched internationally. With content available from Autocar UK, Autocar ASEAN is always amongst the first in the market to publish the latest news about the automotive industry.
Included with each issue of Autocar ASEAN is a free copy of F1 Racing Magazine, the leading publication in the world dedicated to the sport of Formula1.
With a current circulation of approximately 25,000 copies per month, Autocar ASEAN is the best channel for advertisers who want to achieve their branding goals by targeting a specific and specialised segment of the market.
The interactive arm of MTM Multimedia is MTM Interactive Sdn Bhd which concentrates on publishing, advertising and building the presence of the company and its products on the Internet. The core channel is the very popular and well-known website, http://www.motortrader.com.my, which also acts as a gateway to the other interactive channels on offer. Currently, there are individual websites for Autocar ASEAN, Bike Trader and Gadget Trader with more channels due to be launched in the near future.

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Notice of the Acquisition of the Stock (Company Acquisition) of MTM Multimedia Sdn Bhd
　We hereby notify you that PROTO, at the meeting of directors held on July 27, 2011, resolved to acquire the stock of MTM Multimedia Sdn Bhd (hereinafter referred to as MTM) which operates Malaysia's number one used car related information business, and make it a subsidiary.
1.Reason for Acquisition of Stock
　PROTO is working to strengthen its integrated management support services for maintenance, sheet metal, and paint shops as well as used car dealerships in Japan while also offering various information services that　seek to provide merits to consumers based around the automobile portal site "Goo-net," which boasts the largest number of registered used cars in Japan. Additionally in its core product "Goo," PROTO is building a system that covers the entire country of Japan by expanding into Niigata, Shikoku, and Okinawa areas which were not covered until the first half of this fiscal year.
　Given this overwhelming market share in the Japanese market, PROTO set an objective of global business expansion and considered advancing into the expanding ASEAN market in order to foster additional growth in its principle business area, automobile-related information. Among the ASEAN countries, Malaysia, the Kingdom of Thailand, and the Republic of Indonesia show yearly growth in car ownership numbers and are expected to continue to see market expansion.
　In addition to publishing the used car information magazines "Motor Trader" and "Biker Trader" as well as operating a related web site in Malaysia, MTM publishes the new car information magazine "Autocar" in Malaysia　and the Republic of Singapore. MTM holds the number one position in used car related information media in Malaysia.
　PROTO will acquire 100% of the stock of MTM and, by making it a fully-owned subsidiary, create a business base in the ASEAN market. It also plans to further expand the scope of its operations by utilizing the IT business know-how it has cultivated with the automobile portal site "Goo-net."

2.Transfer Method
　The acquisition will be conducted by PROTO purchasing MTM stock from its existing shareholders.

3.Overview of Acquired Subsidiary (MTM)
（1）Business Name MTM Multimedia Sdn Bhd
（2）Head Office Location Suite 12.02 Level 12, Centrepoint South, The Boulevard, Mid Valley City, Langkaran Syed Putra, 59200 Kuala Lumpur, Malaysia
（3） Name and Title of
Representative
Chairman: Sir Robert John Madejski
（4）Business Areas Publication of used car information magazines "Motor Trader" and "Biker Trader"
Operation of used car information web site
（5）Amount of Capital RM 500,000
（6）Date of Establishment June 26, 1997
（7） Major shareholders and shareholding ratio
Sir Robert John Madejski 81.0%
Ng Kee Aun 19.0%

（8） Relationship between MTM and listed companies
Capital Ties Not applicable
Personal Relationships Not applicable
Trade Relationships Not applicable
Relevance to concerned parties Not applicable
（9）Business performance and financial situation of MTM over the last three years
Year ended December
31, 2008
(thousands RM) Year ended December
31, 2009
(thousands RM) Year ended December
31, 2010
(thousands RM)
Net Assets 2,963 3,461 3,421
Total Assets 6,042 10,982 8,911
Net Assets per Share (RM) 9.88 9.89 9.78
Revenue
(equivalent to sales) 21,178 20,444 22,071
EBIT
(equivalent to operating income) 2,838 685 126
Net Profit
(equivalent to net income) 2,197 489 (27)
Net Income per Share (RM) 7.33 1.40 (0.08)
Dividends per Share (RM) － － －
Note: 1 RM = About \26.9
Note: Change in Number of Shares Issued: Year ended December 2008 (300,000 shares), year ended December 2009 (350,000 shares), year ended December 2010 (350,000 shares)
Note: MTM did not provide dividends to its existing shareholders (directors), instead it posted an equivalent amount as director bonuses. In particular, the main reason EBIT and net profit fell in the years ended December 2009 and 2010 was an increase in director bonuses.

4.Overview of Stock Acquisition Partner
Name Location Relationship between these individuals and listed companies
Sir Robert John Madejski Madejski Stadium Junction 11, M4, Reading, Berkshire RG2 OFL United Kingdom Not applicable
Ng Kee Aun 9 Lorong Mengkudu Pertama, Dijalan Ampang, 55000 Kuala Lumpur, Malaysia Not applicable

5.Number of shares acquired, value of acquisition, and status of stock ownership before and after acquisition
（1）Number of Shares Held Before Transfer 0 shares
(Number of Voting Rights: 0)
(Ownership Percentage: 0%)
（2）Number of shares acquired 500,000 shares
(Number of Voting Rights: 500,000)
(Acquisition Value: 109.67 million RM) * About \2,950 million
（3）Number of Shares Held After Transfer 500,000 shares
(Number of Voting Rights: 500,000)
(Ownership Percentage: 100.0%)
（4）Basis for Calculating Acquisition Value
The above acquisition value was calculated taking into consideration business synergy with the PROTO Group
based on a appraised value calculated by an independent third party in order to ensure fairness and validity.

6.Schedule
Corporate Resolution 　July 27, 2011
Transfer Date 　September, 2011 (scheduled)

7.Forecasts
　The influence of this transaction on the consolidated business results for the fiscal year ending March 2012 is expected to be insignificant, but in the event a matter occurs that should be disclosed based on careful examination in response to future progress, it will be announced promptly.

http://www.motortrader.com.my/Cars/News ... owner.aspx

http://www.proto-g.co.jp/IR/english/new ... 10727.html

[M-U-R-T-Y]

£18.2m, that's 4 and a half black holes!

[Harpers So Solid Crew]

£18.2m, that's 4 and a half black holes!

Not at the print company it isn't.

[brendywendy]

Because of the extreme parameters he sets for any prospective buyer of the Club he is in effect withdrawing the Club from the market

making stuff up?
just guessing?
or are you in possession of real internet FACTS?

[Harpers So Solid Crew]

From what I have read on business pages of newspapers and websites pretty much every one of SJM's well run businesses are losing money so if he is going to put money into any of his businesses RFC would be well down the list.

Because of the extreme parameters he sets for any prospective buyer of the Club he is in effect withdrawing the Club from the market (it was in effect never really on it anyway) so is unlikely to get back the money he has already lent the Club in the near future. Therefore I wouldn't think he would be looking to lend the Club any more money at the moment. I think the only way he would lend the Club any more money would be if it got in severe financial difficulties which may happen next summer unless one or two players make themselves saleable commodities over the season.

Except he has no money to put into the club, unless he sells further asetts elsewhere,

[Friday's Legacy]

from a good source, but I cannot get any info on Google so stuck it here, does this mean he is going to pump some of the profit from that into RFC, and is that what we hope he does?

no of course it doesn't! he wants this club to run itself as best it can. unless it is absolutely necessary he will not put his money in any more. selling one of his business' just helps line his pockets. he's lost an awful lot of money in this recession with sackville properties.

[M-U-R-T-Y]

From what I have read on business pages of newspapers and websites pretty much every one of SJM's well run businesses are losing money so if he is going to put money into any of his businesses RFC would be well down the list.

Because of the extreme parameters he sets for any prospective buyer of the Club he is in effect withdrawing the Club from the market (it was in effect never really on it anyway) so is unlikely to get back the money he has already lent the Club in the near future. Therefore I wouldn't think he would be looking to lend the Club any more money at the moment. I think the only way he would lend the Club any more money would be if it got in severe financial difficulties which may happen next summer unless one or two players make themselves saleable commodities over the season.

Except he has no money to put into the club, unless he sells further asetts elsewhere,

What's an asett?

[Harpers So Solid Crew]

pathetic response really. carry on tho Spacey

[M-U-R-T-Y]

Oh, you mean asset.

Be careful in future, don't want you embarrassing yourself like that again.

[Terminal Boardom]

As this is neither rumour nor gossip, shouldn't it be posted somewhere else - eg AE?

[Harpers So Solid Crew]

As this is neither rumour nor gossip, shouldn't it be posted somewhere else - eg AE?

It was rumour untill the facts were found, it could well be moved, though it is gossip that some of the £18m might be invested in RFC I suppose.

[Ian Royal]

As this is neither rumour nor gossip, shouldn't it be posted somewhere else - eg AE?

It was rumour untill the facts were found, it could well be moved, though it is gossip that some of the £18m might be invested in RFC I suppose.

Pie in the sky rather than gossip really. Although now Madj has a little more liquidity than previously presumably.

[PieEater]

You'd think the only reason you'd sell one of your assets would be to use the money somewhere else, rather than just sit on it in the bank. So he must need this cash to run his other businesses or services some loans.

[Tinrib]

You'd think the only reason you'd sell one of your assets would be to use the money somewhere else, rather than just sit on it in the bank. So he must need this cash to run his other businesses or services some loans.

Or maybe it was just too good an offer to refuse..?