Mbl Share Discussion Threads

[supernumerary] 26/10/2010 11:58

If GE has moved his shares to a SB, presumably he's lost his vote on them?

[masurenguy] 26/10/2010 11:06

Don't think it is very likely that GE has sold out so soon - maybe he has just restructured his holding - but if he has done so then who would have bought his shares @100p ?

[fft] 26/10/2010 11:02

If GE has sold out already, then it indicates he is not happy with the answers from the conference call, the AGM and private talks with TA/PC.

But, we wait for the RNS....

[scott84] 25/10/2010 19:17

David.

Price to me suggested that somebody could have took his stake as it was
close to the offer (92-102p) at the time, usually any other standard in
house changing of large stakes is done at mid price, you seem to be fairly
confident it's not a cross trade, just hope you are wrong, was dreaming
that a predator might go around grabbing what they can before launching
a takeover, anyway it looks like Mubl might break back into the 3 figure
range where it belongs surely, divi yield 7.5% has to be tempting for some.

[davidosh] 25/10/2010 17:53

Gartmore only retained 515,000 after selling half to Graham Edwards. There is only Generali, Sefton, GE or TA and family with that size holding.

[jeffian] 25/10/2010 17:51

I didn't like Timesmoney's 2762 but he did have a point. We're in a sharkpool with some pretty large predators here. This will play out between the large holders and, 'pace' davidosh, there is not much smaller holders can do to influence the outcome, I fear. Times' point about companies with Executive Directors who have controlling interests is well made - I've been bitten twice (OPD and CBS) in such cases where those concerned have appeared to put their own interests above other shareholders - and I placed a lot of faith in Peter Cowgill (having seen him at the last investor presentation) exercising his role as Non-Exec Chairman to ensure that minority interests are fairly represented. Unlike Timesmoney, I am very happy with the fundamentals here - it is the shenanigans of opaque trading statements, appalling presentation, unexplained acquisitions and now pass-the-parcel sharedealing between large holders now that makes me feel uncomfortable. I like to rely on my own judgement but I feel in this case, whatever the outcome, the decision is going to be taken for me!

[mactheknife3] 25/10/2010 17:19

Am I correct that Gartmore have already sold all their stake, so this can not be the balance of their holding?

The only other possibility is Generali?

I do not believe it to be the Sefton Group?

[davidosh] 25/10/2010 16:50

I will try to confirm but that is exactly the number Graham Edwards held last week and may just be a move to put it in a more tax efficient vehicle as unlikely that he would be selling. Maybe he just doubled up by averaging down....lol

[shanklin] 25/10/2010 16:50

Assuming that it is Graham Edwards, he could just be switching it into a different account. For example, if he has moved his position to a spreadbet company, he could realise a decent capital loss (1.135M shares x say 30p) against which to (partially) offset the gains he might make on his position at PRES.

If he thought MUBL was going to go up from current levels, that would be quite a cute move.

Cheers, Martin

[timesmoney] 25/10/2010 16:43

Would they have the front to put out a full year profits warning even before the interims, muddle the market with mixed messages, then make an offer.
Surely not.
If they do they had better be ready to substantiate all that has been announced.

[multisync 5] 25/10/2010 16:40

Are my eyes deceiving me?
Is that 1.135 bought @ £1? Put through @ 4.19pm?

[kimboy2] 25/10/2010 16:40

It looks to me as though Graham Edwards has sold out, or at least that is the precise size of his holding.

Perhaps he has doubled up, who knows.

[philjeans] 25/10/2010 16:34

Agreed - plenty of upside here yet.

Super little business and they can't get it for nowt!

[scott84] 25/10/2010 16:32

I still think we might come out of this with a good result.

The market may not give Mubl a fair rating but a buyer might give
us 150p+.

Still think it's worth more but accepted the management and market
will not try to get the price to those levels.

[philjeans] 25/10/2010 16:29

Oh yes; game on.

Buy whilst you may.

[fft] 25/10/2010 16:27

certinly an RNS, as that is over 6%.

[scott84] 25/10/2010 16:26

1.135 mil at 100p.

Quite a % cross there, over 5%

[scott84] 25/10/2010 16:25

Look at that !

Bid coming methinks

[fft] 25/10/2010 11:35

In case anyone is interested, here are the rules regarding AIM companies

[jeff h] 23/10/2010 15:51

Thanks Kimboy, the thought did cross my mind re offer period though changing the date makes it confusing, especially as it's the day after the AGM giving the impression they are re-iterating their forecast.

[kimboy2] 23/10/2010 12:57

I don't think they are permitted to produce figures during an offer period so they will just be reproducing the previous numbers.

[jeff h] 23/10/2010 12:47

When is a profits warning not a profits warning?

Could it be when it's MBL Group who are guiding the figures?

Brewin Dolphin 19/10/10 Rec:- BUY

Y/E 31/3/2011 PbT £9.4m EPS 38.7p Div 8.0p

Y/E 31/3/2012 PbT £9.7m EPS 39.9p Div 8.5p

...these are the same figures from before the "warning"....can someone
confirm the above as correct or are the seemingly new forecasts wrong.

[davidosh] 22/10/2010 16:39

Timesmoney....there are some clear issues there although most have only raised their head in the last year. Maybe as a shareholder during the year you should raise them with Peter Cowgill who is also of course the remuneration committee and only non executive. Let us know what his answers are.

[timesmoney] 22/10/2010 15:57

Been watching this stock and the chat for a while now, purely accademic as I am not in the stock now and would never be again. I watch as this has been a car crash about to happen for some time. In consequence my comments are not tempered by hope over reality.
some PI's may by luck more than judgement make some money out of this stock but by any sensible prudent investment strategy I am astonished that anyone would consider investing.
When I was in, this co looked like it may be going somewhere. It was a publisher and a distributor. It had a broad based management and was involved in a number of markets. In the last couple of years all has changed.

Reasons why this co should not be in the public arena, or why any sensible investor should run a mile. In no particular order.
An exec board of two dominated by the largest shareholder of the Group.(uncomfortable)
Only one non exec. (very uncomfortable)
Outrageous salary/bonus for CEO and Outrageous salary/bonus for Chairman (adding up to circa 10% of the market cap!)
One trick pony business model reliant on one major customer.In a market which is in terminal decline.
Little or no investor relations
No detailed brokers forecasts.
In short this company does not want to be public and should not be allowed to be so. The recent mixed message RNS's take some believing. The purpose of the rules for listed companies is to ensure an orderly well informed market, this is hardly the case at present.
Good luck.