Share Name Share Symbol Market Type Share ISIN Share Description
Mbl Group Plc LSE:MUBL London Ordinary Share GB00B0W48T45 ORD 7.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 3.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods -1.03 -8.70 1
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.50 GBX

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Date Time Title Posts
18/5/202022:28MBL Group (Air Music & Media)5,154
20/8/200914:08The best value penny stock on the market !...Mubl/Amu98
25/4/200900:33MBL Group (Air Music & Media) 20092

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Mbl Daily Update: Mbl Group Plc is listed in the Leisure Goods sector of the London Stock Exchange with ticker MUBL. The last closing price for Mbl was 3.50p.
Mbl Group Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 17,162,734 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Mbl Group Plc is £600,695.69.
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!
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.
masurenguy: "Gemmashemma - 4088: the the team of Peter Cowgill, Trevor Allan and Ms Clarke who have done a sterling job the past 6 months especially" LOL - while they were doing such "a sterling job" over the "past 6 months especially" the share price has crashed by over 90%. The mind absolutely boggles as to where the share price might be today if they hadn't done such "a sterling job" during that time ! Which planet do you inhabit Gemmashemma ? I note that you are also a brand new poster on ADVFN too ! As you are speculating on the possible identity of "Timesmoney" perhaps you would enlighten everyone here by revealing your own identity and indicating what connection, if any, you might have to the BoD who you appear to hold in such very high regard despite the massive fall in the value of your shareholding !
davidosh: So how do you value MBL Group and decide at what price it can be sold ? Well it depends of course who is selling it and how keen they are to do a deal and who the buyer is referred to by the early stage discussions ?? We know that MBL has already been sold once before and it was actually US (or at least our predecessors as owners of the Air Music & Media company who actually paid for it !! It was no small pittance nor chickenfeed deal either and Trevor Allan was the main beneficiary. Air Music (AIM: AMU), a leading UK producer, manufacturer and wholesale distributor of low priced entertainment products to the international market, announces that the acquisition of Redworth Limited, which is more commonly known by its trading name, Music Box Leisure ("MBL"), for a maximum consideration of £37.15 million, was approved at its AGM yesterday. The acquisition, which constitutes a reverse takeover under the AIM Rules, considerably strengthens Air Music's position at the forefront of the low-priced entertainment sector in the UK. Music. With maximum earnout that would equate to a current share price of £2.18 just to get our money back BUT that was done six years ago and we have only had a paltry 6p dividend payout in all that time whereas TA has been doing rather nicely in the remuneration stakes !! Now just to be fair I am not knocking Trevor as he is an excellent entrepreneur who knows how to seal a deal and it was his business to sell. Here is how it was structured.... The acquisition is for an initial consideration of £27,150,000, satisfied by a cash payment of £15,534,703, the issue of £1,615,297 of loan notes and the issue of 100,000,000 consideration shares. An additional £10 million of deferred consideration may be payable to the vendors in deferred consideration shares, subject to a maximum aggregate vendor shareholding of 49.99% of the then enlarged share capital, and thereafter in cash, subject to the achievement of financial performance targets by Redworth for the year ended 31 March 2005. To satisfy the cash consideration for Redworth, Air Music & Media raised £5,126,000 (before expenses) from the placing of 64,075,000 new ordinary shares at 8p per share and agreed a £10 million loan facility with Barclays Bank PLC. However six years ago what were the buyers actually getting for all that cash ? Benefits of the acquisition (as per acquisition RNS) Based on last year's results, the financial implications of the acquisition for the Company will be significant. In the year to 31st March 2004, MBL, which has achieved all its growth organically, made a profit after tax of £2.38 million on a turnover of £37.1 million. Further growth in revenues is anticipated for the current year and the Directors believe that financial benefits and synergies will be derived from the acquisition. Over the same period, Air Music reported a profit before tax, interest and goodwill amortisation of £1.91 million, on a turnover of £15.76 million. So... (Year ending March..) Turnover and PBT 2004 £37.1m & £2.38m (MBL) 2005 £49.8m & £3.85m (MBL plus old AMU) 2006 £72.3m & £4.82m (MBL plus minimal AMU) 2007 £64.6m & £5.40m (MBL) 2008 £81.1m & £5.70m (MBL) 2009 £143.6m & £8.1m (MBL) 2010 £194.9m & £9.9m (MBL) The business is now more than four times larger and making about five times the profit especially if you allow for the £2m board and listing costs that MBL did not and will not have as a private company ? FACT Furthermore Morrisons was in just the same position then as the major customer and it seems has been for the last twelve years so nothing new there then ?? I do hope there is an external buyer that values MBL in just the same way and using the same valuation method as used in 2004 and Trevor can squeeze out the same multiple on exit as each share would now have a value of over £10...Just the initial consideration was over 11 times pre tax profits. The company has never been rated at half that level by the market ever since. We also know from that acquisition document why the Allan family have such a large holding in shares. I have certainly never seen any market purchases so one can assume that their holdings are pretty much from that original transaction. In my view the strategic review is immaterial and this business is all about its continuing relationships with customers and most importantly Morrisons. MBL are a distributor and by all accounts a very good one. There will be new products to supply every year and a new deal with Morrisons would confirm that the share price is totally ridiculous and could easily be £2.50 without any other business added whatsoever. Cash will continue to be generated to a level where the company can pay for itself in three years and yet there are new income streams already in the making. I do not know what is going on behind closed doors but the windows and doors feel like they have been tight shut for the last nine months or so and no communication and poor communication at best has seen share price decimation that I simply do not think should have happened if the management and directors really value their shareholders ? Are they looking to exit the market ? Is this an attempt to put the company in the shop window for sale ? Do we really want to sell it before knowing how strong we are likely to be going forwards...? That earnings growth does necessarily need to stop just yet and I do not want to give up cash generation on this scale lightly... You decide but check the past and question the future ? David
goonertone: Crawford Yes and doesn't sound to good reading the press statements coming out. If the propsed restructring does go ahead the one bonus we might get, other than contracts in the future, is that their will be a listed distribution business that is a peer to MUBL which can be used to act as a measure for the MUBL share price. Currently its finger in the wind as their is no comparable business, that I know off, thats listed. Everyone keeps saying that EUK is the only good bit of woolies so if its given a multiple of 5 or more then the same shoul hopefully apply to MUBL whih would see us rerated to well north of £1. All idle speculation and opinion obviously. GT
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