Mbl Share Discussion Threads

[timesmoney] 08/12/2010 15:14

The MMs will be unmoved until the reality of the profits warning is out. It's a no win. If the PW was genuine and 'material' it will speak for itself and the problem will be obvious. If the PW was a smokescreen its worse, you have a management who dont want to play by the rules and again two options. 1. A genuine bidder who went away, or 2. The management don't want to put their hands in their pockets which would no doubt be required in an MBO.
None of the answeres are good, which is why this dog has such a bad rating.

[scott84] 08/12/2010 14:31

Shareprice was 165p last year when they announce these :

* Sales increased by 124% to GBP78.2m (2008: GBP34.9m)
* Profit before tax increased by 39% to GBP3.2m (2008: GBP2.3m)
* EPS for the period increased by 48% to 13.2p (2008: 8.9p)
* Strong cash generation and debt free status has been maintained
* Dividend payment of 6.0p per share to be made in January 2010
* Contract announced with Morrisons plc

So use that as a reference for tomorrow, are they expected to fall a
little under or is the recent "materially" warning mean they are still
going to match/beat these numbers but fall below the forcasts set.

Anything near the same as last year and i cannot see how the mm's can
mark it down.

[scott84] 08/12/2010 14:28

Surely the topic of conversation should be what Mubl are set to announce
this time around in their interims.

For the record i cannot recall from memory Amu/Mubl shareprice ever falling
on their results simply because it's the one day twice a year everybody gets
to see what a stupid bargain they are !

[rmillaree] 08/12/2010 13:54

They will be getting alot more publicity and sign ups for bee.com with the "almost free" blue ray deals they are doing at present.
further details here


In some respects hotdeals can be used as a very good free advertising tool to promote the busines if done in the correct manner.

[davidosh] 08/12/2010 13:46

Kimboy2....You are correct. If it has to be delivered from within the UK even though under £18 it will have VAT on the invoice. They must not be able to source Maria in the CI.

Madmix....It looks like they have sold all their supply of that cheap Fable 2 game. No doubt signed up a few new gamers to the site in the process.

[kimboy2] 08/12/2010 08:45

I was charged VAT on an order below £18.

I am not sure if the issue may be where the item is delivered from. I seem to remember my Carole King CD came from Norwich, but I could be wrong.

I will check when Maria Callas turns up.

[madmix] 08/12/2010 08:08

davidosh,

£200? You obviously don't know how tight I am! :-)

Picked up some of the offers mentioned on Hotukdeals, so was significantly less than that I'm afraid.

[davidosh] 08/12/2010 01:00

05/11/10..first day launch (the first digit is a dummy number)


Thanks to Madmix and Kimboy2 (I think VAT is automatically added on orders above £18 so best to do multiple individual orders if DVDs etc are individually below £18 and there should be NO VAT)....Nice order value Madmix as that must have been nearly £200 ! Keep the orders rolling in....

There should be a 5% discount for MBL shareholders..lol

Day 5....101238
Day 7....101792 (am)(dvd)
Day 8....102353 (am)(book)
Day 12...104263
Day 20...109109
Day 21...110059 (pm) (Two dvds)
Day 22...111070 (pm)
Day 25...114342 (am) (multiple order)
Day 27...118502 (am) (boxed set)
Day 28...121238
Day 30...123742 (pm) (boxed set) 5/12
Day 31...125690 (pm) (three childrens annuals)
Day 32...129318 (pm) (Two dvds) 7/12
Day 32...130036 (midnight) (6 Wii games)

So whether lots or small orders or larger ones those numbers are increasing rapidly again during the weekdays. That looks like 700 in just less than two hours and nearly 4000 during Tuesday alone

[madmix] 08/12/2010 00:19

Well, the site seems to be okay now. Just bought 6 Wii games for pressies!

Order no. 130036 (at 00:15 on 8/12)

I suspect there have been a high number of low value orders coming through from Hotukdeals users. Should keep them busy...

[kimboy2] 07/12/2010 22:48

DVD 129318 22:40 7/12

Was charged VAT as well.

[madmix] 07/12/2010 21:54

A few teething problems with Sainsbury's Entertainment website? (see comments)

[aleman] 07/12/2010 17:10

£3k should be good value for a PLC to get its ideal web address, particularly when it is doing more and more business online. It could start selling under its own brand.

[fft] 07/12/2010 13:41

Getting harder and harder to see how they can carry on saying that a profit warning is in order.

Sainsburys and now Currys. Unless something else has fallen off a cliff, the outlook looks better than 6 months ago.

And harder to harder to justify a strategic review when they havnt completed the current change in strategy !

[davidosh] 07/12/2010 13:26

The results will be on Thursday....confirmed by the company.

Also announcing new deal with Currys...lol

Anyone got an order number for Sainsbury today ?

[fmcalorum] 06/12/2010 22:58

Thanks. Fingers crossed!

[devymaster] 06/12/2010 20:20

According to MBL site under investor information next interim announcement will be Thursday 9th December.

[kimboy2] 06/12/2010 19:27

TDW says the 10th, not that that necessarily means anything.

[davidosh] 06/12/2010 18:42

It was the 10th last year. So I think at the end of this week. Nothing has been flagged up officially that I have seen.

[fmcalorum] 06/12/2010 17:28

Do we know what date the interims are due out?

[davidosh] 06/12/2010 16:35

As you say we simply do not know but I certainly hope the interims this week will reveal more detail. However those figures will only be for the half year to September and it is very much the quieter half as you point out. There were very few games released which makes sales in 50% of the business that much more difficult. There have been many major releases since then and of course the Sainsbury deal to help with any catch up required.

We may be able to relax with our dividend if sales are back on course and I would certainly prefer to be involved with MUBL on a rating of three than say Carpetright as a big ticket retailer with no online sales and a rating of 30 plus. CPR have debt and MUBL have cash. MUBL yield 7% and CPR about 1% from memory. Markets do not always get things right and CPR have their interims a few days after MUBL so lets see which provides the best toy inside the cracker ?

[timesmoney] 06/12/2010 16:17

My mistake, but dont be thinking that Nov/Dec business is representative of the rest of the year and even if it were £12m on £200m? Let me spell it out. Until the detail of the profit warning is properly made public we have no idea which area of business caused the warning in the first place. It may be that volumes are down across the piece or front line distribution proving a drag on margin, we simply do not know. It may be that a customer has been lost, or space in a customer. Given that the warning was made even before the interims have been announced, with the best 6 months trading yet to come,is quite frankly startling. Of course the whole thing may be a smoke screen for a cheap MBO, if thats the case a SE investigation and some pretty heavy sanctions will be in order.
Even with new business Morrisons is still probabaly 75% of the business.
Proceed with caution and extreme cynasism.

[davidosh] 06/12/2010 15:31

yump....As there were only four shareholders at the AGM that were not board members what was said that they were asked not to make public ?

Timesmoney... your calculator broke at the wrong point ! The £1m is just for this one month so you need to then multiply by 12 for annual sales and I presume you are not allowing for any growth. Sainsbury online is growing at 20%....In any event it is very material because Sainsbury are a major household name and too many assume MUBL have just one major customer so the building of business relations with another key household name is alongside Best Buy and the rest a positive move.

[timesmoney] 06/12/2010 15:19

Yump
you have a very valid point. Information is either in the public domain or it isn't there is no middle ground.

[yump] 06/12/2010 13:51

I'm getting confused here or perhaps I'm misunderstanding something.

So shareholders who went to the AGM were asked not to report anything in public ?
Perhaps then, as a shareholder, I can ask for a complete transcript from somewhere ?

I prefer not to attend AGM's, for fear of losing objectivity in the same way that one can leave a management 'training' day in an enthusiastic frame of mind, only to find a week later that there was no content and nothing that you can put into real-world application, coupled with realisation that the trainer just got paid £4000 for making 15 of you temporarily feel good.

[timesmoney] 06/12/2010 13:08

Scrooge. Interesting analogy. lets continue. The profits warning was it the ghost of Christmas present or the ghost of Christamas to come, or was it just a bad dream? Sorry to be negative but when contributors rush to praise the on line innitiative which is so small and insignificant in the round, I find it amazing. £1m of sales in £200M so what.
The front line business as a wholesaler, does not work. Never has, never will. the margins are very slim and become negative when returns and shrinkage come into play.
The on line world is actualy the final nail in the coffin. Why? because the ever shrinking world of finished goods sales is transfering to the web. the only profitable opperations are direct to consumer Channel island based opperations (see the HUT)not opperations based in the UK or suppliers to off shore facing opperations who are sharing the slim margin.
Bricks and mortar retailers are reducing entertainment space and giving it over to on line. On line sales are dominated by front line new release games, DVDs and CDs, not impulse purchase sales which has been the backbone of the MBL model.