Share Name Share Symbol Market Type Share ISIN Share Description
Mallett LSE:MAE London Ordinary Share GB0005583504 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 55.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 11.8 0.5 3.1 18.0 7.59

Mallett Share Discussion Threads

Showing 976 to 999 of 1000 messages
Chat Pages: 40  39  38  37  36  35  34  33  32  31  30  29  Older
DateSubjectAuthorDiscuss
11/2/2015
07:16
Received my Mallet takeover funds today This was because I refused to accept the pathetic offer My shares were compulsorily purshased on Dec 25 2014 and funds distributed six weeks thereafter 29 Sept 14 offer announced 20 Oct 14 declared unconditional (75% acceptance) 3 Nov 14 offer closed and first funds distributed 13 Nov 14 compulsory acquisition notice ( 90% acceptance) 18 Nov 14 shares delisted 25 Dec 14 remaining shares stolen 5 Feb 15 funds paid for stolen shares 10 Feb 15 Barclays stockbrokers credits my account time between offer announcement and receiving compulsory purchase funds ... 19.5 weeks
spob
01/10/2014
09:06
I don't doubt that the SGI deal is by far the most likely scenario but PG and the other major holders wouldn't have bothered with the get out clause if it was a completely 'done deal'.
cockerhoop
01/10/2014
07:42
For anyone still in any doubt this deal is as good as done.There will be no increased offer from SG or anyone else.I suspect the deal was brokered by PG and that it was the best he could muster given the circumstances.If there was anyone out there who felt there was some hidden value they would have shown their hand long ago.Our capital will be far better invested elsewhere.
longinthetooth
30/9/2014
11:29
Right. Look like I must read announcement in full.
whackford
30/9/2014
09:27
All of the parties would be released from their irrevocable undertakings if a competing bid of 66p or above was received from another bidder.
cockerhoop
30/9/2014
08:55
In original announcement: Bronsstädet AB has given an irrevocable undertaking to accept the Offer in respect of its beneficial holding of 3,897,500 Mallett Shares, representing approximately 28.2 per cent. of the existing issued share capital of Mallett. Conclusion is that this is likely a done deal unless some nasties come to light in due diligence. I have seen nothing from SG as to why they have made this acquisition. Assuming the Mallett name continues, something will have to change to rebuild profitability at Mallett.
whackford
29/9/2014
16:19
the assets are there no doubt - however the problem is the liability: one of the most incompetent board of directors on the LSE, including a majority of seriously over-paid and underperforming "executives" - chaired by a pompous and arrogant Lord Something who believe he can walk on water. he cannot.
baner
29/9/2014
14:19
I might have this wrong but presumably the inventory is held at lower of cost or valuation. Therefore there must be an assumption that there is some profit to be made. My view better 60p than nothing when the business finally runs out of cash- which it will.
strange1
29/9/2014
13:02
Inventory in the form of high value antiques immensely difficult to value and highly illiquid.From my own personal experience in the business the antiques trade generally is on its knees.I have written my own stock down mentally by 50% as disposing of it at auction rather than retail.Our own sales fell off a cliff from a thriving business exporting worldwide.
longinthetooth
29/9/2014
11:05
Yep, £11.2m inventory as of end of august, with net debt offset by property assets.So they've sold the business at a 30% discount to the value of the inventory - nothing for the business itself, the brand, the connections, or other intangible assets. Roobish.
wigwammer
29/9/2014
10:53
Elmfield - tesco trades at nearly double the booked value of the equity, not half.Fine, management and accountants can be too aggressive with their assumptions when arriving at an estimated fair value in the accounts.But my understanding is the assets here are largely an inventory of antiques, which should be fairly easy to accurately value and fairly liquid, and were only valued a month ago.Bad bad show, IMO.
wigwammer
29/9/2014
10:40
My 7000 at 45.95 seems like I called the bottom for the first time in my life.
keevo
29/9/2014
09:47
what a great offer for an inviable business. Its not made a profit for 8 years.
orinocor
29/9/2014
09:18
Of course not related but in a way it is, What is tesco worth, I suspect less than it is valued at today.
elmfield
29/9/2014
08:59
Sorry my previous post should have read 74.3% not 72%.
longinthetooth
29/9/2014
08:48
SG will not increase their offer.It has already been agreed by holders of 72% of the stock.This has the feel of a deal brokered by PG who I imagine will be content to get out without too much damage having been done and I think the majority of us will feel the same way.Maybe question dubious stated asset values in the future and build in a margin for error when deciding if there is any value?
longinthetooth
29/9/2014
08:42
Steady on Spob, lets not get carried away
rainmaker
29/9/2014
08:41
Re 654 Because they are scum of the earth
spob
29/9/2014
08:40
Wigwammer, just reading up after the initial news and its virtually a done deal with 74.3% acceptances.The Board have 21,200 shares!Pathetic!It's a shame because IMHO there're worth a lot more but take some consolation that IMHO the Boards gravy train has well and truly hit the buffers. BTW look out for Stanley Gibbons Group,they're going places. regards
rainmaker
29/9/2014
08:33
Not sure why there would be a counter offer - the chairman himself is saying 60p is a fair price. The question therefore is - if 60p is a fair price for the equity today, then why on earth did they release accounts on the 28th august saying the fair value of the equity is 90p?
wigwammer
29/9/2014
08:30
I believe that if forced, Stanley Gibbons would happily increase their offer.But the big question is whether there will be a competing bid? regards
rainmaker
29/9/2014
08:23
If it were to succeed then Stanley Gibbons would obtain the 23.75% stake in Masterpiece completely free of charge. I firmly believe that Gibbon's real interest in Mallett is their stake in Masterpiece. regards
rainmaker
29/9/2014
08:21
The offer is clearly too low. Lets see if there is a counter bid. regards
rainmaker
29/9/2014
08:18
any view rainmaker?
patviera
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