Mbl Dividends - MUBL

Mbl Dividends - MUBL

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Mbl Group Plc MUBL London Ordinary Share GB00B0W48T45 ORD 7.5P
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  0.00 0.0% 3.50 0.00 0.00 0.00 3.50 00:00:00
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Industry Sector

Mbl MUBL Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

davidosh: Interesting news out this morning MBL announces that Lisa Clarke is stepping down from her role as Acting Chief Executive and Finance Director with immediate effect. Tim Jackson-Smith will become Executive-Chairman on an interim basis. Tim Jackson-Smith, Chairman commented: "On behalf of the Board, I would like to thank Lisa for the significant contribution she has made to the Company over the last ten years and we wish her the best of luck in her future endeavours." I do not think there will be very many shareholders who will have the same opinion and be thanking her. She never returned any of my calls over the years and the share price has declined in seven of the ten years she has been FD or CEO....not a great reference for the next employer
timesmoney: The rise in share price which can hardly be based on anything the company has said indicates that there are some new suckers in town. Or, there is some corporate activity in the offing leaking out of someones office.
falia: 20-40P SHARE PRICE
davidosh: So that suggests results will be out on the 30th December this year then!! Lol It would have been nice to see a trading statement on the date of the Agm so that we could all understand the benefits of buying at 4p rather than getting the message sent in this manner though! Our meeting with PC will now have even more attraction and value. With regards to the close period one assumes it was passed by the Nomads as they will be fully aware of the regulations. The LSE will have asked questions automatically re the share price movement last week and the company and Nomad probably had to declare that it was just a large order being worked in the market by a director and that was presumably double checked as ok then.
microscope: Sadly kimboy it is surely a place of where to start for CR answering that! 2 million into an imho near start up valuing it at 13 million, a strategy review on the back of an erm, strategy review, loss of Morrisons contract, multiple profit warnings, and most of that while the share price was many multiples of what it is now. Anyone still holding now, while they genuinely have my absolute sympathy, after that little lot, and so, so much else, needs to ask themselves a few questions imho!
jonc: lol. Look at the share price!
effortless cool: DesWalker, That's an interesting perspective on valuation, although not one that I would adhere to. Regarding the first part of your calculation, it's not clear to me that this is significantly in excess (which is presumably what you mean by 'a multiple') of the current share price. Where will assets be after write-offs? Can the remaining assets deliver a profit after overheads? I don't know, and I haven't tried to work out the answers - presumably you have? On the second part, I don't think its binary - it's a continuous distribution between 0 and 1. I suspect that no management team is saintly enough to get a full 1. I certainly wouldn't place MBL right at the zero end of that spectrum either - in fact, given the attention that they have brought upon themselves, I'm sure they are currently moving further away from 0. However, I simply would not, as a rule, invest in a company where I did not have a high degree of trust in the management (> 0.75, say, using your methodology). For me, MBL management would not pass that threshold. Best of luck in any case.
deswalker: And the share price ticks up a quarter penny. Perhaps everyone is still out cold from the shock.
masurenguy: So the collective remuneration of the Board for FY 2010/2011 (£565,000) was the equivalent to 23.5% of the market cap of the company as at 31/3/11 (circa £2.4m at 14p). Over the past two years (2010 & 2011) the collective board remuneration has been as follows: T. Allan: £1,120,000 + £388,000 = £1,508,000 in salary and bonus. (He has also received £339,000 and £271,000 in divIdend payments over the past 20 months too.) His total income from the company was therefore £2,118,000 during that period. P. Cowgill: £330,000 = £30,000 = £360,000 (plus circa £27,000 in dividends) L. Clarke: £265,000 + £147,000 = £412,000 (plus circa £1500 in dividends). Total salary and bonuses to the 3 board members over the past two years amounted to £2,250,000 which contrasts with the current market cap of the company of £1,973,000 at Fridays closing price. Anyone recall this comment from Peter Cowgill in the October 2009 AGM statement. "I am also delighted to announce that following a retention payment the Group has secured the services of Trevor Allan for a period of three years. In view of the fact that we are unable to incentivise Trevor with a share option scheme because his existing shareholding could mean that this would trigger a bid for the company, the Group has also entered into a challenging performance related three year bonus agreement with Trevor." I'm perplexed why the company needed to make a "retention payment" and establish a 3 year bonus scheme for a CEO who already owned 26% of the shares in the company and where other family members also owned a further 13% of the shares. With a family stake of over 40% in the business and aggregate remuneration of £2115,000,000 over 2008 and 2009 fiscal years, one would have thought that he had plenty of incentive to remain and look after his own interests. Since the share price has fallen by 93% over the past 12 months none of the shareholders have seen any subsequent value enhancement either.
davidosh: microscope....We were not the ones who created the offer period ! It was also well before the Morrisons contract announcement so a share price well above £1 was very justified at the time. I am not quite sure why you are using phrases such as 'lessons have not been learned' and 'unreal' 'wake up' and 'self confessed experts'. Are you a teacher or feeling high and mighty over something here ? I personally intend to get to the bottom of a large number of issues here and I am trying to help investors generally in many of the events I arrange. We all have to work together to gain some sort of satisfactory conclusion here.
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