Mbl Share Discussion Threads

[timesmoney] 13/11/2013 10:19

HugePants. Have you unearthed a gem that no one else has spotted? No you have uncovered a dead dog that has cost hundreds of investors their hard earned.
Run away and do not look back.

[hugepants] 13/11/2013 09:54

This stock looks hugely cheap on a cash/working capital basis ( can currently buy at the bid price of 8p).


Market cap at 8.25p = £1.45M based on 17.25M shares

Cash = £3M = 17.4p
Net working capital = £4.2M = 24.3p


Loss per share (from continuing operations) = 2.9p

[davidosh] 23/9/2013 09:53

If anyone attends the Agm this morning I would be grateful for feedback.

[ironstorm] 29/8/2013 17:13

I have taken my losses here. I'm fired.

Money gone to a better place one hopes. //ironstorminvesting.blogspot.co.uk/

Good look to those who remain and see a better future.

[timesmoney] 29/8/2013 15:52

There is no plan. Did they seriously think bird seed was going to restore shareholder value. They have known the entertainment business was on a death curve 4 years ago. They are only interested in salaries.The company should be delisted by management buy out or liquidated and whatever funds left distributed to shareholders. There is no purpose in this company being listed.

[ironstorm] 29/8/2013 15:32

Timesmoney that was actually that was my earlier point about profitability. Where is the plan?

Salaries are not in the RNS you have to wait until 2/9 (from memory) for the full report online.

[timesmoney] 29/8/2013 15:29

55investor/ironstorm its not about cash, its about profit and prospects both of which this co is lacking
Yes you need cash to surivive when no one will extend credit,(why is that?) but £3m in the bank is waste of time unless you have a way of investing it for growth.
If you continualy make losses and retain the same cash balance it has to have come from somewhere? Other assets have been sold, or perhaps the management and the Chairman have returned some of their bonus payments from the good old days.
Anyone looked at the salary, bonus and expenses levels for last year.

[ironstorm] 29/8/2013 14:49

Well they have been running down obsolete stock so that has generated some cash, they have been paid back cash by HMRC and some depreciation.

Most of the cashback won't happen again - the stock has now almost gone and they received the last of the tax back.

So to grow cash now they probably have to become profitable.

[55investor] 29/8/2013 14:39

IronStorm

Making a loss does not mean cash balances will automatically fall, if that was the case then why is cash actually higher now than a year ago ?

[55investor] 29/8/2013 14:36

Group remains debt free with cash balances of GBP3.0m at 30 September 2012.

No drop in cash in a year, in black and white.

[ironstorm] 29/8/2013 14:29

Yes, but the issue how to close that gap. And next year it could be the same and the year after the same. At the moment I cannot see them moving to profit this year so that asset value and cash are likely to drop.

Still a big discount but whats the plan?

[timesmoney] 29/8/2013 14:29

55investor there is a reason that there is a gap between NAV and MC!
The MC tells you all you need to know. Apart from a few newbies who don't know the history and may move the price around a bit,this is not a stock that will ever turn into anything other than a lifestyle business for the management, (until the cash runs out) Given that nothing they do turns a profit this will not be too long in coming. The entertainment sector they are in died some time ago and the new bird seed sector? not really a business for a quoted company.
sell and run away, most others have.

[55investor] 29/8/2013 13:56

Bought in twice today, quite a gap between NAV and market cap, honestly thought the price would maybe rise 50-100%, valued at half of cash

[ironstorm] 29/8/2013 09:56

So results are out.

A quick glance see sales fall in the second half by about £1m, overall loss reduced to c£500k however Windsong seems to have gone from a profitable first half to a full year loss and Garden Supplies seem to have increased their loss in the second half.

Cash in the bank increased by £100k to £3.1m but dropped back again yesterday and they still can't get finance.

So no real progress and no real commentary on current trading. NAV is £5m. M. Cap £1.6m.

[ironstorm] 28/8/2013 10:09

Finals tomorrow according to the website. The last interim was 28/12 when all were sleeping off the excesses of the season or more likely down at Westfield.

Then they reported sales of over £7m and loss of over £1m with £3m of cash. Market Cap is £1.6m.

They said "The businesses core to the Group's future are Windsong International and Garden Bird Supplies. These combined businesses have the potential to deliver sustainable revenue and profit growth." Windsong made £88k and Garden lost £67k.

Hopefully this summary will help us judge progress.



//ironstorminvesting.blogspot.co.uk/

[typo56] 20/8/2013 07:32

Any guesses who the previous operator might be, the one "who had a some what cavalier attitude towards the residents"!

www.blackpoolgazette.co.uk/what-s-on/going-out/yes-to-turkish-restaurant-1-5375904

[timesmoney] 19/8/2013 09:25

where are the results, we need a good laugh.
Lets hazard a guess that the Chairman's statement will mention that the restructure is now largely complete and we move forward to a bright future where bird seed is booming.
Perhaps a few related party transactions to get the pulse racing.
Salary levels returned to pre austerity levels?
Can't wait.

[tommyjnewton] 13/6/2013 00:22

Surprised the price has held over this period of time. Directors don't seem to have much respect for the punters.

[tommyjnewton] 27/3/2013 00:29

I would have assumed that anything saleable in the warehouse had been loaded onto a lorry some time ago. I've heard stories of staff allegedly refusing to co-operate because they were aware of the tricks of management.
What do people think? Is there evidence that suddenly this is a bone fide company?

[34simon] 13/3/2013 17:38

Looks like no jeffian, however a new deal would transform the company again but maybe WHS have a new supplier ?

MBL Group signs contract to supply WH Smith stores



The Board of MBL Group plc, the UK distributor of home entertainment products,
is pleased to announce that it has signed a new contract with WH Smith for the
supply of DVD and BluRay formats to its high street stores. WH Smith currently
retails DVD and BluRay in 448 of these stores. The contract runs through to
2012.

[jeffian] 13/3/2013 17:19

I'm no longer in this, but I noticed stories in the financial press saying that W H Smith were going to increase cd/dvd/media stocks in their stores to fill the gap left by the demise of HMV. Do MUBL still supply WHS and is this going to help them?

[davidosh] 18/1/2013 00:27

How are The Hut doing these days ? They were talking about a listing at one point last year !

The Hut founder, Matt Moulding, a former executive in John Caudwell's Phone4U empire, had hired investment bankers from Rothschild to prepare the company for a float last year, though the plan for a stock market listing was put on hold.