|Merchant House Group
||EPS - Basic
||Market Cap (m)
Real-Time news about Merchant Hse (London Stock Exchange): 0 recent articles
|zitec: Makes you wonder how many billions shares would be in issue if MHG was still listed.
Check out MTV, just hit 10bn shares.
Shocking whats gone on there in the last week. Just look at that chart and RNS timeline. Like a clone of MHG.
Two examples showing the damaging effect on share price of compounded dilution mixed with shareholder dismay.|
They are the Clarkson Hill(pre-MHFS) boys making the £580k+ legal claim. They are the ones who didn't get their shares due to the mistake that caused the first suspension. I suspect they are making the claim that had they didn't have the shares available to sell at double the current share price now following the MHG mistake. I don't think they will be long term holders....
Also the £500k write off of the Tixway Convertible Loan(Craig Whyte)looks well dodgy. Not sure whether he ever got hold of the shares regarding this or had them renegogiated as the convertible loan share situation is so confusing regarding what has/hasn't been allocated. Seems very fishy to me though, no mention of Tixway in the MHG accounts but it can be found in the new Merchant Capital accounts.
Just shows how flawed company law is, the Tixway investment is :
An investment of £500,000 comprising preference shares in an unrelated unlisted business has been impaired. The investee company is in liquidation and the directors, having made enquiries, have concluded there is no reasonable likelihood of any recovery. Accordingly this has resulted in an impairment charge of £500,000.
Even though the guy who owns the company in liquidation has 15%+ of MHG shares with millions of shares still to cash in!|
|pwhite73: Monkey Puzzle 26 Jun'12 - 13:08 - 2169 of 2183
"And yes it looks like further dilution but at the end of the day these new players are not getting any discount from where the share price was before suspension. They stand to lose just as much as any of us in % terms and a hell of alot more in real £££ if the share price slides again."
What utter rubbish is that. These people are reimbursed their investment monies through wages and bonuses paid out of the company's revenues. Do you think they give a toss about the share price. They'll sell their shares into the market even at a loss when they're good and ready.|
|zitec: If indeed his holdings are tied with Mazars/Pritchards it is unlikely they will be released before the deadline of the Nomad expires. So make your own mind on that.
I suspect that they had a nice RNS/ramping exercise planned for the results, then the Pritchards debacle happened. This led to Whyte's MHG assets/holdings at Pritchards being locked/frozen meaning he couldn't sell into this, the continued Pritchard news meant the MHG share price dropped and dropped meaning Whytes (20%+ holdings when you add up the holding companies) was dropping in value big time, add to that the Euro crisis and they wanted to halt the damage, hence the 2nd suspension.
I could be totally wrong, but I refuse to believe they have funding issues after the amount they have raised in the past year and the recruitment that has gone on at Merchant Capital. There is more to it I'm sure, there always is with this lot.|
|bubble pricker: JoJo, CW does not hold MHG shares directly. Consequently, his creditors cannot liquidate MHG shares by dumping them into the amrket even if they wanted to. CW holds 50% of Liberty Capital which in turn holds shares in MHG. Creditors of CW would first have to put Liberty into liquidation before Liberty could then sell the shares in MHG. Also, I do not believe CW
In any event just because a large shareholding may be subject to a distressed sale does not give the company the right to ask for the suspension of its shares. A company cannot manipulate its share price by calling for a suspension when a large piece of shareholding is expected to flood the market. Also remember, the suspension was made pending an announcement.|
When folks have been in a stock like this for so long (and perhaps hold a sizeable sum) it is too easy to get driven by sentiment on here. Thing is, that has been like a see saw during all that time.
I am no investor guru and actually know very little about this business. However, I find that helps in many ways - too much research and analysis on AIM stocks can also cloud the judgement. I currently hold around a dozen stocks in relatively small sums so I manage not to get too 'attached' to one or the other.
However to give you an example of how difficult it is to remain focused. Last week I learned a lesson on my OXUS Gold holding. The share price seemed quite strong but I decided to sell half. I figured that there would not be news for some time but the next day it soared on news that its legal costs in an ongoing dispute were resolved. My holding was quite small and really it was not worth selling half and losing out on any quick rise but I became affected by the sentiment on the bulletin board that the litigation would take forever and the stock would drift back to the lows. So a lesson learned there that I should have let the trend be my friend and should not have become influenced by other people who were talking the prospects down.
I think what happens on this board alot is when the share price is in the doldrums the negativity comes out in force on here. Everyone is too scared to buy when others are fearful and selling at the lows. But I have observed nearly every time when the share price spikes here people start buying and sentiment changes at a drop of a hat. Because there have been so many spikes (and false dawns) many shareholders here must have accumulated loads of shares and are now uncomfortable with the amount they now hold. A few weeks back I suggested that people should perhaps consider buying at very low levels (like now or possibly a little lower) and wait for a spike and bank some profits. That's what I try and do and it makes you feel not so bad when the share price falls back again when you see the lower value of your existing holding. Anyway when the dust settles a little I would imagine there will be further spikes in the share price and opportunities.
As for the meeting and the management here - to be fair to the management they would not have been able to tell those shareholders of the placing if they were not being invited to participate. However, judging by BP's experience perhaps they were too free and easy with their choice of words over lunch (e.g everything in place) or perhaps this comment was taken out of context and misunderstood. That is something that has happened before here and on other AIM company BB's where I have seen a director's positive comments reported only for them never to materialise.
I think these boards are extensively read and there are those out there who play on emotions. It is often said that MMs read bulletin boards and if this is the case it would not surprise me if they are playing shareholders here too. Perhaps last week was an example when some here were over speculating about concert parties and if I recall there was a heavy fall after that.
Anyway, my views on the management here are that they have alot to prove and their past and present business relationships have not inspired confidence about their intentions and commmitment to shareholders. However, I have not detected anything really sinister and I think some of them have drive and ability. This is really like many AIM stocks - a lack of transparency, poor judgement in some areas and numerous placings. But against that there is the excitement of a new business developing and all that goes with it. If we can all just accept that the negatives are part of life on AIM, then we can make the positives work to our advantage.
As another example - one stock I hold had 3 placings in a week recently - another, the directors all failed to show up for the AGM, leaving shareholders waiting outside but I am still a shareholder of both as there are various positives. So, things could be worse and I reckon we should just laugh at the eccentricities and unconventional management style and enjoy ourselves and take advantage (rather than be taken advanatage of) of the often sharp share price movements which will no doubt continue. On that basis I remain a shareholder here.|
|george57: Shares were about 0.18p when they did this placing. Since then they have near enough halved..
28 July 2011
Merchant House Group plc
("MHG" or "the Company")
Issue of Equity
MHG, the financial services group, is pleased to announce that it has raised GBP786,750 (before expenses) by way of a placing of 542,586,200 new ordinary shares of 0.01 pence per share in the Company (the "Placing Shares") at a price of 0.145 pence per share (the "Placing Price") with new investors (the "Placing"). The Placing Price represents a discount of 25.64 per cent. to the closing mid-market share price on 27 July 2011. The proceeds of the Placing will be used by MHG to support the growth and development of the business.
The Placing is conditional on admission to trading of the Placing Shares ("Admission") and an application has been made for the Admission of the Placing Shares to trading on AIM which is expected to occur on 3 August 2011. The Placing Shares, which will be issued fully paid, will rank pari passu in all respects with the existing ordinary shares of the Company.
As a result of the issue, the total number of voting rights as at 3 August 2011 will increase to 2,337,105,023. This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the FSA's Disclosure and Transparency Rules.
Following the issue, allotment and Admission of the Placing Shares, the following shareholders will, where known, be interested in three per cent. or more of the enlarged issued share capital of the Company as follows:
George Cadbury 6.2%
MAM Funds 5.9%
James Holmes, Chairman of MHG commented,
"We are pleased to raise funds in the current economic environment from an investor base which understands our business model. These new funds will be used as capital to grow and develop key elements of our business. We look forward to updating the market with progress in due course".|
|monkey puzzle: The Board remains cautious and cashflow remains tight but we are now of the view, firstly, that elements exist that are required to significantly grow the revenues of the company and secondly that the new teams have now demonstrated their ability to make real progress on the agreed business strategies. This should, in time, allow shareholder value to grow.
Let's see then..........1 year on
30 June 2010 MHG Share Price 0.25p
30 June 2011 MHG Share Price 0.14p|
|monkey puzzle: 5
No it's not Thunderbirds are Go.....
It's the MHG share price over the last 5 months (albeit in sub penny decimals)
Must now be trading at or close to its all time low....some strategy that.|
|monkey puzzle: MHG share price
Merchant House share price data is direct from the London Stock Exchange