Mbl Share Discussion Threads

[jeffian] 17/6/2021 21:25

More than "asleep", they actually misrepresented it.


"MBL Group PLC
Contract Win
RNS Number : 2066U
MBL Group PLC
22 June 2009



MBL GROUP PLC ('MBL' or 'the Group')



NEW 3 YEAR CONTRACT WITH WM MORRISON





The Board of MBL Group plc, the UK distributor of home entertainment products, is pleased to announce that it has signed a new 3 year contract with Wm Morrison Supermarkets plc ('Morrisons') for the supply of Morrisons entertainment into 2012. The contract covers the supply of CDs, DVDs/BluRay and all Games formats."


8/11/10

"MORRISONS CONTRACT



By way of update, the Board of MBL Group plc would also like to confirm that it has commenced discussions with Morrisons plc with a view to clarifying the future commercial relationship following the expiry of the existing contract in September 2011."

"15 MARCH 2011





MBL GROUP PLC

("MBL" or "the Group")





MORRISONS CONTRACTS TERMINATION





The Board of MBL Group plc ("Board") announces that it has received formal notification from its major customer, Wm Morrisons Supermarket plc ("Morrisons"), of the termination of its two existing supply agreements with MBL. The final termination date of the agreements will be 14 September 2011. In the financial year ended 31 March 2010, approximately 78% of MBL turnover related to sales to Morrisons."

Goodnight, Vienna.

[ianguerin] 17/6/2021 21:06

Exactly - too many eggs in the Morrison's basket, & the board were asleep in assessing that risk

[jeffian] 17/6/2021 09:15

Cowgill is a shrewd operator and one can only assume that he didn't give this one his full attention. The killer blow was the supposed contract to supply Morrisons, which they RNS'd as a multi-year deal but which was terminated by Morrisons without a by-your-leave.

[miamisteve] 17/6/2021 06:47

I remember going to a special shareholder meeting in London, where we were told how we were setting up something akin to Apple Music and then ...... bird seed.

I will contact the administrator to ask whats going on and report if there are still a few pennies left.

[ianguerin] 17/6/2021 06:08

I took it to be the only distribution but will happily accept another one. I see the erstwhile chairman has encountered issues with his remuneration from his main employer, as reported in the press during the last week. A shame he didn't earn an honest crust by keeping MUBL on a sure business footing

[miamisteve] 10/6/2021 07:06

Is this a final distribution or there maybe more?

Was asked by my old bank to sign off on them as they cannot hold unlisted companies. :(

[ianguerin] 04/12/2020 08:17

Out of the blue I've received a cash distribution of 2.31p per share in respect of the company going into voluntary liquidation. Nice of the directors to keep investors informed of developments - NOT !

[ianguerin] 18/5/2020 21:28

Not got mine - what's the resolutions ?

[miamisteve] 14/5/2020 14:31

Had forgotten about this pitiful story, but just received a Proxy Form for the AGM vote.

Anyone still here and know what's going on?

[dave4545] 05/11/2018 13:27

Brave buyer who buys on a 2-4p spread here like the 37k has

Still it could be a moneyspinner if rto is done

[tomboyb] 30/10/2018 10:46

Dave -

I wish u luck and this is my tiniest trade on NMS -

HOWEVER I still have 20k left which is at a LOSS -

I was thinking of offloading large chunks on AIM portfolio and trading that NOT on AIM but on the FTSE / DOW / NASDAQ -

AIM has lost me too much -

[dave4545] 30/10/2018 10:21

50k available online at 3.2p

Quite a decent % of the company a mm is prepared to offer online there

[dave4545] 30/10/2018 10:15

lol I see you sold your 10k tomboyb you bought yesterday :-))

[tomboyb] 29/10/2018 12:54

I see a 450k trade at 6p on 27th Sept -

Will we see more -

[tomboyb] 29/10/2018 12:43

Majors hold 80% + of the STOCK -

Suspect they may have a thing to say about the direction here -

[dave4545] 29/10/2018 12:40

3.5-5.8p online spread nice !!!!

[dave4545] 29/10/2018 12:38

Surely they have to go for the mining deal. If they really are out for shareholders
it's no brainer. Never saw a holding update for that big % cross trade at 6p either

[tomboyb] 29/10/2018 12:35

DAVE - a return of cash likely BUT we will see -

[dave4545] 29/10/2018 12:34

Anybody left here for a view, still holding, they never mentioned if still in talks about a mining RTO ??

[dave4545] 02/10/2018 12:10

Decided to sell 52500 and ride 27,500 for RTO and suspension or nothing ?

[dave4545] 01/10/2018 09:55

ha ha 1222 paid 4.75p last week just sold for 4p

A £60 trade and they still cannot ride it lol

[dave4545] 28/9/2018 12:58

Still cannot buy 5000 online at 5.5p not that anybody us trying as evil spread and risk

[dave4545] 28/9/2018 07:43

Now you cannot even buy 1000 at 5.5p

[dave4545] 28/9/2018 07:13

Very thin, it opened 10k max buy at 6p offer but it also drops on any sale and the 13k sale at 3.8p means there is 15k available at 4.9p atm

Quiet start after yesterday's late rns

[madchatter2] 28/9/2018 06:30

Having read that, it's clear this BOD area complete waste of space. So I would be fully behind any plan that RTO'd this and got rid.