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% 2.75p 1.50p 4.00p 2.75p 2.75p 2.75p 0 05:30:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 0.0 -1.0 -8.7 - 0.47

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
17/9/2018
07:31
There appears to be an article about this company in today's FT.
arthur_lame_stocks
15/9/2018
19:55
Worth a chance ,one feels. Best of All
bbr391
07/9/2018
11:44
How about a post on the TMAN board Miami!
excell1
06/9/2018
12:32
The delisting being resoundingly voted down, suggests that there may be a reverse takeover on the cards.This happened with another stock I owned a few years back, where they backtracked on delisting after multiple approaches from outsid3 entities. I ended up with the proposed special dividend and shares in the new company which added a further 10% to the value. However given the low mkt cap here, it should be significantly higher.
miamisteve
14/8/2018
17:12
Fortunately I took what was left of my investment some time ago.
arthur_lame_stocks
14/8/2018
16:57
Update released as I was typing that! https://www.investegate.co.uk/mbl-group-plc--mubl-/rns/cancellation-of-admission---notice-of-gm/201808141554357957X/ So about £1.1m less wind-up/administration costs, and oh "Shortly before issuing this Circular, the Company received notice of a claim in relation to a historic matter which is potentially material. The Company is taking legal advice about the merits of the claim and will update Shareholders, as appropriate, in due course." One of the worst of many AIM sagas!
eezymunny
14/8/2018
16:09
A sad day. Used to love trading AMU and then Mubl, was one of my most profitable stocks to trade. Amazing how it's been destroyed from a heavy profitable cash cow to this now.
dave4545
14/8/2018
16:06
Not clear to me why they want to be a unlisted company in order to wind up. Why not just appoint administrators for the whole thing? Thoughts?
eezymunny
14/8/2018
16:02
All ghastly. Had a bit of a look at this. Impossible to tell what might be left to distribute at the end (no up to date numbers), but my final estimate is c. £1m. Not enough upside for me at 4p Estimates in £k Group at 22/12/17 see interims cash balance to date 700 The Garden and Home Trading Company disposal 800 The Garden and Home Trading Company cash at 31/3/17 -100 LSE fine -75 Ongoing losses -150 Wind up costs -150 Sum 1025 Market cap at 4p 692 Anyone with a different estimate?
eezymunny
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
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