Mbl Share Discussion Threads

[maxcashflow] 08/11/2010 09:26

This is great news. I'm doubly glad now that I topped up back in the 90's.

Surely they are going to have a separate distribution facility in guernsey - won't this have taken capital to set up? I guess the guernsey facility could be supplied from MUBL via a JIT model so inventory could be kept moderately low, but Sainsburys are not going to be happy if there are postage delays due to running out of stock.

I just wonder how they have managed to set this up without shareholder knowledge. Any ideas?

[goonertone] 08/11/2010 08:59

Scott 84

There is a nice gap up if it can get some traction back and a bit of volume.

GT

[scott84] 08/11/2010 08:08

GG.

Only one problem for you with Mubl compared with Tnd.

The Allens hold too much stock.

I'm really surprised here, a deal with Sainsburys, no rns so the price
opens the same and it's still 100p offer, surely this is a chance to
make money, i've had a top up, surprised it's not moved ???

[goonertone] 08/11/2010 07:56

The more the merrier GG. The trouble is currently IMHO is that all the old buyers and believers (horrible word to describe long term investors but apt) are fully invested in MUBL now and no new buyers will come in whilst the chart is like it is and the news flow is negative or missing facts.

GT

[greengiant] 08/11/2010 07:48

goonertone,

Don't like to see shareholders being kept in the dark. Been watching the saga unfold and thought I might be able to add a thing or two.

gg

[scott84] 08/11/2010 07:42

The Board of MBL Group plc, the UK distributor of home entertainment products,
is pleased to announce that it has today agreed to acquire Global Media Vault
Limited ("Media Vault") for a total consideration of up to GBP839,030 to be
satisfied by the issue of up to 102,400 new Ordinary Shares and GBP664,950 in
cash. Of the 102,400 new Ordinary Shares to be issued, 11,200 are subject to
certain financial performance targets being met for the year ended 31 December
2010 and 11,200 are subject to certain financial performance targets being met
for the year ended 31 December 2011.


Media Vault, established in January 2009, is a leading Digital Media
distribution business and has a comprehensive catalogue of digital entertainment
content. Media Vault provides retail solutions for customers from a range of
different territories and industries. It provides website, touch-screen kiosk,
mobile and in-home retail platforms to customers wishing to sell digital content
to their consumers.


MBL distributes CDs, DVDs and computer games to major retailers across the UK,
and has acquired Media Vault to further extend its service offering to include
the distribution of digital entertainment content. MBL is focused on developing
new channels to market and further enhancing the service it delivers to its
customer base. MBL is now in a position to offer both in-store and online
fulfilment of entertainment content to customers.


The Company will make application for the 80,000 new Ordinary Shares to be
issued to be admitted to trading on AIM, and their admission to AIM is expected
to take effect on 27 November 2009.


Following the admission of the 80,000 new Ordinary Shares, the total number of
ordinary shares in issue, and therefore, the total number of voting rights, will
be 17,242,735.


Commenting on the acquisition, Trevor Allan, MBL's CEO said:
"We are delighted to have entered the digital arena. We are committed to
offering our customers a one-stop entertainment distribution solution and this
is a major step towards that goal."


Matthew Porter, GMV's Managing Director said,


"We have been seeking a partner for some time now who can support the
development of our rapidly growing company. Joining the MBL Group gives us the
strength and credibility necessary to drive our business further forward. It's a
great strategic fit for us."

[goonertone] 08/11/2010 07:42

No RNS means if people believe what the facts are they can buy before the wider market knows. In the long term a reason to moan about corporate governance in the short term a reason to make money.

GT

[goonertone] 08/11/2010 07:39

GG

Didn't know you ventured far from the Tandem thread.

Thanks for the Guernsey info, that confirms my GMV hunch.

GT

[scott84] 08/11/2010 07:37

Are we 100% certain it is Mubl that have this deal ?

[greengiant] 08/11/2010 07:18

Ooops don't know this share so didn't know Matthew Porter was MD of GMV

gg

[greengiant] 08/11/2010 06:52

MORE

CURRENT DIRECTORS
Service Address
Name
Director Type
Start Date
23-Jun-2010 Director Matthew Geoffrey Porter Anson Court La Route Des Camps St
Martin GUERNSEY GY6 4AD
23-Jun-2010 Director Jonathan Robert Robbins Anson Court La Route Des Camps St
Martin GUERNSEY GY6 4AD
23-Jun-2010 Director David Edward Preston Anson Court La Route Des Camps St
Martin GUERNSEY GY6 4AD

RESIDENT AGENTS
Service Address
Name
Start Date Agent Type
23-Jun-2010 Mercator Trust Company
Limited
Resident Agent

So no directors the same, no mention of the MUBL on the company's register - Why not?

gg

[greengiant] 08/11/2010 06:49

YOU ARE WELCOME! So the company was registered on 23rd June

Guernsey Registry
Company Profile
MBL GUERNSEY PCC LIMITED
Market Building
PO Box 451, Fountain Street
St. Peter Port, Guernsey,
GY1 3GX
Tel: [phone]
Fax: [phone]
Email: [e-mail]
www.guernseyregistry.com
COMPANY DETAILS
52041
Registered Number:
MBL GUERNSEY PCC LIMITED
Registered Name
23-Jun-2010
Registered Date
23-Jun-2010
Effective Date
Normal
Status
Effective Date
23-Jun-2010
Anson Court
La Route Des Camps
St Martin
Guernsey
GY6 4AD
Registered Address

[miamisteve] 08/11/2010 00:28

As I said before PC's assurance's of better investor communication just lip service. He actually reminds me of a politician, reeling off his same answers about Trevor Allan's incentives and we are looking for a non-executive director and we do care , trust me etc.

I'll be giving him a call tomorrow

[supernumerary] 07/11/2010 23:38

In normal circumstances it might just be excusable, but after a profit warning and in an offer period? It's taking the mick...

[strollingmolby] 07/11/2010 23:04

I emailed customer service at Sainsburys and they stated that the service commenced on Thursday. They have got to RNS a deal like this, or I'm sure I won't be the only one calling Peter Cowgill & the regulator & the press over this.

[kimboy2] 07/11/2010 22:34

What I think we know is that MBL are selling to, and operating, the Sainsburys online entertainment site.

I would suspect that;

a) There is a relatively long term agreement as this website must have taken a bit of setting up plus whatever infrastructure MBL have had to put in place.

b) The margins on this will be better because it is a bit more than just box shifting.

We don't know what the revenues are, and perhaps neither do MBL as I believe it is relatively new, so cannot predict profitability.

Perhaps this is the reason for the prospective MBO (if that is what it is).

[scott84] 07/11/2010 22:13

Somebody tell me if i've got this wrong.

They have a new deal with Sainsburys which will add significant revenues
and a probable 1-3 mil to profits if successful, this will more than make
up the shortfall in the recent warning.

I reckon the price could rocket unless i'm missing something because this
deal will mean profits should beat last years with a successful trading
update from Morrison/Sainsburys not to mention the slowly increasing best
buy.

Tomorrow should be interesting :-))

[kimboy2] 07/11/2010 22:00

Sainsbury's is to dedicate more retail space in its UK supermarkets to computer games and other entertainment goods following significant growth in the sector.

The supermarket chain recently reported its fifth consecutive year of like-for-like sales growth in the entertainment market, and a 17.5 per cent rise in profit.

As a result, the company said that games will receive five per cent more floor space before Christmas, growing to 12 per cent by 2012, as part of wider plans to invest £1.3bn in building space over the next year.

There will also be greater focus on entertainment products in Sainsbury's newly-announced 'new format' stores.

Richard Crampton, head of entertainment at Sainsburys, said the stores will be particularly beneficial for games firms such as Sony, Microsoft and Nintendo, as they will provide a "great opportunity" for them to showcase their brand and products in a "completely different way".

Crampton added that Sainsbury's is also preparing to launch a digital distribution service for all entertainment products . "We will sell people things digitally through an integrated online basket," he said. "Customers either buy the CD or download it – it's their choice, and that will be the case with all formats."

[goonertone] 07/11/2010 11:54

If you read Global media vault's blogs for the last 3 months (shown) you will see the following snippets, coincidence or do we now know why GMV were brought on board:

June 2010
"In amongst the football Media Vault has had a very busy month, agreeing a website deal with a major retailer"

July 2010
"Back in the real world we pushed on with the development of our new client's website"

August 2010
"Development of our new client's website enters the final phase, and we're heading for an Autumn launch - very exciting step forward for us, and the first client on to our shiny new Ecommerce platform"

GT

[scott84] 07/11/2010 11:23

I used to stick up for this management, they might have indeed tranformed
this company from small profits and lots of debt to big profits and cash
rich but how can they not inform shareholders of this important news ?

[philjeans] 07/11/2010 11:16

Yet another excellent bit of detective work guys; this board have really tried to pull the wool over our eyes and should be ashamed of themselves!

Keep up the good work - they ain't having my shares on the cheap through deception.

[kimboy2] 07/11/2010 11:04

I think you are probably right. The privacy statement refers to MBL Guernsey PCC Ltd and the MBL Group PLC and refers to "any other MBL Group PLC controlled website".

There is no mention of MBL Guernsey in the MUBL accounts as far as I can see, which I would think was odd. Either it is owned by MUBL, in which case I would have thought it should be mentioned in the AR, or it is perhaps a separate company they have got to do the website. But then why call themselves MBL ? Can this just be coincidence ?

The bottom line though would appear to be, through whatever mechanism, that MUBL are supplying and indeed operating the Sainsburys entertainment website.

Furthermore it seems apparent that Sainsburys don't mind their retail customers knowing this, nor presumably do MUBL as they have put it up on a website that they control.

It would seem odd then that they mind their shareholders knowing about it and are presumably citing some sort of 'confidentiality' to excuse themselves.

I presume someone has e-mailed PC about this.

[charliebrown2000] 07/11/2010 10:38

Kimboy2

Hard to believe but it is only a bizarre coincidence. MBL Solutions is not part of the new entertainment website.

[kimboy2] 07/11/2010 09:49

It definitely says MBL Group PLC which I presume must be our lot.

Who are MBL Solutions based in Newcastle who appear to do the web design.



Can this just be coincidence ? There is no mention of such a company in the AR.

There is no mention of MBL Guernsey either.

[shanklin] 07/11/2010 08:50

Kimboy2

Yes, its definitely MBL Group

Take a look at

which starts:

"Introduction

www.sainsburysentertainment.co.uk ("Sainsbury's Entertainment") is owned and operated by MBL Entertainment, a cell company of MBL Guernsey PCC Limited, by agreement with Sainsbury's Supermarkets Ltd.

MBL Guernsey PCC Ltd and the MBL Group PLC is committed to safeguarding your privacy. We believe that the best way to protect the privacy of users of www.sainsburysentertainment.co.uk and any other MBL Group PLC controlled website (each a "Website")"...