Mar City Share Discussion Threads

[wiseacre] 05/3/2015 13:23

Delayed accounts; Resignation of only independent director; huge loans to husband and wife team who run the company; demand for new finance director. Methinks there's something rotten in the state of Denmark. Caveat emptor.

[lbo] 03/3/2015 10:11

They still need shareholder approval to take property assets in lieu of cash. Can the Ryans vote if they are related to the transaction? Will be interesting to see valuations and the independent directors comments."circular must be sent to shareholders seeking their approval for the transaction. The circular, which is expected to be sent to shareholders in March 2015, will convene a general meeting seeking independent shareholder approval"

[a2584728] 02/3/2015 19:38

Someone is still accumulating.

[firstchoiceautos] 28/2/2015 11:32

Going down quicker than the tyres on derwents caravan

[lynden2] 27/2/2015 11:11

If you look at the Interim results the related party debtor had already increased from £12.5m at the end of December to £31m at the end of June. The new directors only joined the board at the beginning of April so they can hardly be culpable for a £19m increase in 2 months! The issue has surely been getting the private company to pay down this £31m so that the plc can fund its growth. That can't be easy to get done with 2 people holding 50% of the shares on the board!

[firstchoiceautos] 27/2/2015 10:51

Looks to have run out of steam.....20p

[fillipe] 27/2/2015 10:00

MAR obviously looking much stronger today. The very cheap stuff on the mm's ask has now disappeared, with the best ask now 56p and not that much available at that.

Any panicky sales are being easily mopped up and a likelihood that there will be shorts burning as we move to the close.

f

[bigdazzler] 26/2/2015 22:34

Fair enough badtime. Just when posters state the idiots turn up clearly I turned up at the time of the news flow so it's unsurprising I think that was directed towards me.

Again a258 I'm sure you've got better things to do than look at my posting history however if you do you will clearly see that I do post when I trade.

I'm not going to put the exact time and that's not to hide its just not the done thing. I can guarentee I trade seriously and I trade either way long,short or waiting on the sidelines it really matters not. Lastly I will happily short a share and then go long in a share if necessary and vice versa.

I also use stops and I'm a massive believer of them to protect capital and give me my risk reward calculations on a trade. Clearly with small caps and aim etc the trades are smaller due to liquidity and volatility etc.

Hope that helps.

[prospector77] 26/2/2015 21:48

A258... Agree with your rationale.. Am long for the same reasons

[badtime] 26/2/2015 21:28

A258..BIGDAZZ will be shorting it...he has stated his opinion and kind of backed up his rationale.

BIGDAZZ..FIRSTCHOICE is the poster i was referring to earlier in the week ..the type that comes in and chucks a figure out there, without any reasoning behind it..(unlike yourself of course)..so personally i just shove them on the filter list

[cascudi] 26/2/2015 20:33

not familiar with this company but

6m profit ... that could have been 9...
44m evalue
is equivalent to 13% yield
seems undervalue at this level.

[a2584728] 26/2/2015 20:16

For the record I have been doing some research and have reached the following conclusion.The Ryan's will know what's happening in both companies (hopefully) and therefore unless they were 100% certain that the £10m loan could not be re paid before defaulting on the 34p they would not have risked their whole commercial life's on it?

[a2584728] 26/2/2015 19:31

I have been in this company since its float, the issues are about timings and the share price will recover, if you believe otherwise sell them and post your trade dates and prices on here, I am long from 42p

[firstchoiceautos] 26/2/2015 17:23

Sub 20p coming up

[bigdazzler] 26/2/2015 16:53

Short when the deadcat bounce has run out of steam that's what I intend to do.

[blueball] 26/2/2015 07:53

Time to buy.

[lbo] 26/2/2015 07:48

From the Final results 25th March 2014:"Michael Brown is an investment manager at Henderson Volantis, a UK smaller companies division of Henderson Global Investors. Michael leads Henderson Volantis' corporate governance engagement and their investments in the house building sector. He made a valuable contribution to Mar City's development during 2013 in presenting an institutional view on capital allocation and structure to the executive team. Michael will bring a very valuable perspective and experience to the Board and he will also become a member of the Remuneration Committee"

[a2584728] 26/2/2015 00:10

They will sit tight until the recovery in announced.

[sirhedgealot] 25/2/2015 14:59

Just seen this, I'm sensing some negativity!

[lbo] 25/2/2015 14:30

For the exact reasons mentioned by stockopedia. They could easily dump or lend their stock out to be shorted and then buy them back and more if they wanted at much cheaper levels if the shares pledged against the HSBC loans are triggered to be sold. Hendersons position should be clarified and they should try to remove the pledge against the shares as both would help restore some confidence that a shorter could not expose the opportunity.