Share Name Share Symbol Market Type Share ISIN Share Description
Mbl Group LSE:MUBL London Ordinary Share GB00B0W48T45 ORD 7.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 4.80p 4.60p 5.00p 4.80p 4.80p 4.80p 24,500 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 16.0 -0.2 -0.9 - 0.82

MBL Group Share Discussion Threads

Showing 5201 to 5225 of 5225 messages
Chat Pages: 209  208  207  206  205  204  203  202  201  200  199  198  Older
DateSubjectAuthorDiscuss
18/6/2018
09:56
Shareholders might want to consider if delisting is really in their best interests. It looks like it could be blocked if 25% of votes are cast against the resolution.
typo56
17/6/2018
16:04
I wasn't planning to transfer either, but my SIPP administrator went into administration (for reasons I still don't fully understand) and the plans were acquired by a new administrator that I'm none too happy with. It seems to be a tough time for SIPP administrators, especially the smaller ones, and there's no certainty what will happen in the next 10 years. Unfortunately, my SIPP contains a minor holding in a company that delisted 10 years ago but hasn't been wound up (as it still has sufficient assets to support the directors' remuneration ambitions!). It's proving pretty well impossible to transfer the SIPP with this delisted share. The most cost effective solution appears to be to sell the holding to an 'unconnected party', which may be possible, provided they have an account with the same online broker. Potentially the same could happen here. It's a situation I'd avoid getting into, if you can. hTTps://www.retirement-planner.co.uk/5643/how-to-deal-with-duspended-illiquid-and-distressed-sipp-investments
typo56
17/6/2018
14:35
Thanks for the info Typo56. I'm not sure I need to worry too much about those things though as i'm not planning to transfer and i'm in my mid 40's so I won't be able to draw any money from the pension fund for nearly 10 years by which time it will all be sorted.
arthur_lame_stocks
16/6/2018
19:42
Be careful if it's in a SIPP. AJ Bell may allow you to keep it, as an unlisted security, but it will probably prevent you from moving the SIPP to another provider. You'll first need to transfer it to yourself (which will require a valuation and probably administrator fees) or to 'an unconnected party' at an agreed price. You may have a similar problem when you come to draw down. IMO, best avoid being landed with anything unlisted in your SIPP. For more info, Google about it.
typo56
16/6/2018
18:23
This has been a total disaster. Couldn't they make a cash distribution before delisting? IIRC the final payment from the first disposal is due in a couple of months so they could remain listed as a cash shell until that money is in. The problem I have is that mine are held in an ISA and SIPP with AJ Bell and I think in both cases I will be unable to keep them there. I hate to think what the price will be on Monday. I did try to get out at 9p but couldn't get an online quote. Is David Stredder still around? Maybe he could help us all.
arthur_lame_stocks
15/6/2018
19:46
Guess at what the cash distribution might be? Any remaining cash will be equal to the directors' remuneration would be my guess. Last year's resolution to prevent increases in directors' remuneration without shareholder approval didn't obtain the necessary 75% of the vote! I wonder how the Windsong creditors will feel about that. Perhaps they could get into the cryptocurrency mining business, and relist! Meanwhile, at the coalface, this is what happens to workers who 'self remunerate' with meat and washing powder. I'm not suggesting it's acceptable, any more than I think it's acceptable the way directors take shareholders for a ride. Just they get dealt with rather differently. hTTp://www.dailymail.co.uk/news/article-4720424/Asda-checkout-operators-stole-2-000-goods.html
typo56
15/6/2018
18:54
Is anyone still here? Company will delist. Guess at what the cash distribution might be?
miamisteve
25/3/2018
18:06
Yeah that is fair ALS. I'm happy at the chunks of debt being paid off atm £0.86 mil in 6 months is impressive and they spend millions on new equipment last years too so not sure if that is going to repeated.
dave4545
25/3/2018
17:47
Well I took a quick look at it and the conclusion that I came to is that the balance sheet is ok but there is quite a lot of debt. The only thing it appears to have going for it really is that it is quite cheap on a multiple of last reported earnings. But then I know other stocks which are on ridiculous multiples of earnings such as TRD and that has net cash in the bank. So not an asset play, not particularly cheap on an enterprise value basis and a bit too much debt for me.
arthur_lame_stocks
25/3/2018
17:17
ALS Thanks. You can say why on the thread or private message me I would appreciate a opposing view because to me it looks incredibly cheap.
dave4545
25/3/2018
15:40
Don't think that's my cup of tea frankly Dave.
arthur_lame_stocks
25/3/2018
15:35
ALS Have you looked at mrs for value?
dave4545
17/3/2018
12:27
Frankly I doubt there is 100% more here, I am now only hopeful of getting a couple of pence a share more back. I originally bought because I thought the break up value was greater than the price but frankly it's been one disaster after the next and i'm now resigned to making a loss.
arthur_lame_stocks
17/3/2018
10:18
kazoom If they get a good price for Windsong there could be 50-100% from this level. "To date, the second half of the financial year has improved for the Home Entertainment division and it has returned to a profitable position, at the operating level for the year to date"
dave4545
17/3/2018
08:42
I would have thought the Allan family could afford to pony up the entire purchase price. I wonder if the further two instalments are conditional.(and perhaps won't get paid)
jonc
16/3/2018
23:47
Hi David, I haven't looked in on MUBL for ages,I had a very small involvement some years ago - I thought it was a decade ago, but as I recall the bizarre change of focus from CDs/DVDs to bird food it must have been a little more recent. Not sure if it is totally the same business or not, but they bought the garden centres business in 2012 in a bundle for £0.72m so perhaps the sale for £0.8m isn't "too bad" especially IF they made profits in between. If I ever run out of "important stuff to do" then I'll be sure to research this in more depth (and Active Energy Group - which has some similarities) as there must be a Hollywood blockbuster in there somewhere. More seriously though - was your penultimate post serious? Is there actually a possibility that there is now an asset play here? I really can't get motivated to dig and look , but if I felt you were not joshing I might be inclined.
kazoom
16/3/2018
19:23
How much did they buy the garden centre business for in the first place ?
davidosh
16/3/2018
15:44
More news. Does that mean they are a cash shell now or is there still something left. Cash is equal or around market cap. Net cash is much higher if I have my maths right ?
dave4545
04/3/2018
15:35
Well the interims were fairly appalling but they are at least now going to go ahead and try to sell the two businesses which I hope will raise enough cash for me to at least break even. It's been one disappointment after the next so far though.
arthur_lame_stocks
30/10/2017
15:23
That seems to be the problem - too many people looking back. I'm concerned with the present plus the future to try and make a return on my modest investment. The here and now is a complete failure by the board to sell the company and, judging by the profit warnings, the future holds a decline in the company's fortunes and its assets. I await the interim results with some trepidation - hopefully they will not be as bad as current postings would indicate.
2bor
27/10/2017
13:48
2BOR....Are you suggesting that the previous management were good for shareholders ? You must be new to the company as long term shareholders have a different view.
davidosh
27/10/2017
11:09
Fed up with reading how all the ills of the company are being blamed on people who have not been in the business for a year or more. £168k loss last year, 2 profit warnings within a few weeks and a predicted worse result this year - isn't it about time that the performance of the current and recent board is examined - and throughout all of this debacle there has been one consistent board member - Tim Jackson-Smith. And....if any of the previous staff is so good to start from scratch and develop a business (within a few months) to impact MBL's business, why were they 'let go' in the first place? Look more closely at the blindingly obvious - recent management has been incompetent in running the business and has totally failed in its primary objective of selling the business.
2bor
26/10/2017
17:07
This looks very close to imploding. Who is the forner director who has set up a rival business that ruined the sale process? Guess it is TA. This would be totally against Company law. Am going to try and force the issue now. Will be writing and calling nomads, company etc. Fed up with this disgrace.
miamisteve
24/10/2017
07:45
Wow- engineered destruction of shareholder value is my personal take on this- extraordinary shenanigans-you couldn't make this stuff up! Either Some peeps want to take this out on the cheap having seen value at last - or kill off any opportunistic moves at the expensive of PIs..... laughable if not so disappointing DL
davidlloyd
25/9/2017
12:19
Anyone still in this POS and care to share the KS shareholder letter? Would be interesting to hear from the other side. No sale process now as it seems the Allens have effectively blocked any other bids and set up a competing business.
miamisteve
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