Mbl Share Discussion Threads

[miamisteve] 13/12/2010 08:22

Perhaps it's just me, but find those complaints quite suspect. Outrage because something is out of stock and writing to the ceo suggesting that sainsburies change their business partner.

[charliebrown2000] 12/12/2010 17:40

Why was Kimboy's message removed? Censorship?

Views on the Sainsbury's website here...

[jeffian] 10/12/2010 17:30

Sainsbury's order 137030

[shanklin] 10/12/2010 15:22

davidosh

Worth mentioming that MUBL is currently valued in the market at less than its TBV.

In addition,MUBL has
- GMV-related IP which must have some some value
- an investment in U-Explore which is presumably worth something

The TBV at MUBL includes
- a new more efficient warehouse coming on line in Q1 2011
- a recently installed internal computer system which AIUI is used to manage the business flow more efficiently.

One is left wondering what sort of premium would have to be paid on top of the current share price and how much of MUBL's assets and capability would be useful to a buyyer.

Eliminating any excess remuneration at MUBL could also add dramatically to the bottom line.

[davidosh] 10/12/2010 14:26

Thanks Kimboy2. I am certainly still going to log them.

Just looking at things from completely stage left....The Hut are exceptionally good at marketing themselves and acquiring additional online sites but Matt Porter told us that MBL had the best buyers and most efficient sourcing and supply. The Hut want to come to market but are very highly valued as it is considering their profit line and money raised pre IPO.

Now I wonder if that strategy review includes looking at those relative valuations and seeing if a deal could be done that suits all parties including avoiding the expensive listing and float costs that The Hut would incur in March...Just thinking ! Mind you Matt Moulding at The Hut will be very jealous when he sees the remuneration at MBL. Then again a larger board with a more sensible remuneration and bonus system and the best of both the relative strengths may just be a winner. The Hut must start to be concerned if Matt Porter builds on that Sainsbury deal and eats into their client list as well.

[kimboy2] 10/12/2010 12:12

I have been following sainsbury and Bee.com on Alexa. There seems to have been a big jump in footfall on Bee.com in the last couple of days.

Also order no 136495 this morning if we are still counting.

There was a bit on The Hut in the Independent on Monday;



Seem to be making better acquisitions than U-X IMV. However don't seem to be making a lot of brass;

For the year to 31 December 2009, The Hut Group's Ebitda grew by 142 per cent to £1.46m, on sales up by 140 per cent to £52.29m.

[scott84] 10/12/2010 07:57

Well found tanners.

I was a little drunk last night, now sobered i'm certainly not going
there again with cr and he's back on filter :-))

[tanners] 10/12/2010 00:44

I think this is what you're referring to Scott......

PS Interesting analysis kimboy - I would be interested to hear whether the Somerfield contract is still going.

[devymaster] 10/12/2010 00:30

Just noticed that Bee.com get a mention under deals in Martin's MoneySavingExpert.com although seem to have been too popular and stock shortages and payment issues:

[scott84] 10/12/2010 00:24

ha ha lol

You made me unfilter cr tanners :-))

Mubl was so bad a stock that CR deramped it from 50p to 170p then suddenly
announced to his mug following that he has boughts and spent a week ramping
it !

And as for illiquidity we should point out Lee !

We all have our bad stocks CR, i dont see you and your sidekick Dave ramping
Sty now it hits all time lows.

And just remember as a parting shot, you were slagging this off at 70p while
ramping Alexon at from memory 80p, Mubl now 92p and Alexon 13p

I'm sure you can write your way out of that one :-))

[tanners] 10/12/2010 00:05

CR - so you haven't read my posts but have the arrogance to claim that you know my position here.

I wonder what all those mug punters think who were suckered into buying the likes of HMV, ROK and JJB recently with your endless ramping......talk about hypocrisy!

Yeah I'd do well to listen to you alright - if I want to end up holding wallpaper style share certficates.

What's your profession, a liquidator?

[kimboy2] 09/12/2010 23:26

If Morrison's were 82% of this half's revenues and 78% of last years equivalent revenues then that would indicate that the major reason for the fall in revenue was other than problems with Morrison's.

H1/11
Morrison's...£58.3m
Other ... £12.8m

H1/10
Morrison's...£60.9m
Other...£17.2

[tanners] 09/12/2010 21:53

CR - you're clearly rattled cos you seem to have mislaid the ability to read properly.

I'm not in denial, and if you had taken the time read my posts properly you might be aware that I have virtually sold out because I don't think the management are acting in the best interests of shareholders.

Turning back to HMV I seem to recall you posting every 5 minutes one day about how it was the horniest chart you'd'd ever see, no resistance to 75p, best bowl shape you'd ever laid your eyes on etc etc, then the very next day when it crashed you were no where to be seen......I can only guess that you had worked yourself into such a lather you were spending the time trying to unstick your keyboard.

The problem with ADVFN is that it is largely inhabited by desperate idiots and it would appear over the last couple of years that these hangers on have helped blow up your arrogant head into a very large bubble, and there's only one thing that happens to bubbles.

Using your timesmoney handle to post 30 minutes after your own effort isn't particularly smart, but ironically your analogy isn't far off the truth, I don't know what hand the management are holding therefore I've taken my money off the table.

ADVFN is clearly your life but it's a shame that you seem to have degenerated into posting endless nonsense about horny charts and getting involved in bitter disputes which you can't let go......it all seems a bit sad and rather desperate to me.

[davidosh] 09/12/2010 18:16

Timesmoney...no doubt true in relation to John French. However tell me how much the majority of investors will have earned from an investment in AMU ? What did they actually achieve as opposed singing everywhere and raising equity and worse still ...How much did they buy MBL for and what was the multiple of earnings they paid ?

[timesmoney] 09/12/2010 17:43

goonertone
John French bless his cottons, headed up a board of 3 non execs and 3/4 execs.
They had a proper audit and renumeration committees. They put out regular brokers notes and research. the company presented at least twice a year to institutions and were avaiable to any investor who required. AGMs were held at sensible times in sensible places.

[jeffian] 09/12/2010 17:40

btw, does anyone know what has happened with the Best Buy contract? Given the fanfare at the time, seems rather strange that they don't even get mentioned these days.

[davidosh] 09/12/2010 17:37

Just for the record MUBL only has a very small part of its business selling CDs. Just short of 50% is actually in computer games.

I think we would all like to know the revised expectations and probably like an end to the strategy review so that management can be far more open to answer questions.

MUBL have not paid £20m for anything ?? The company will receive 5% annually for the investment in U-Xplore which may or may not appreciate in value over time. The 15% investment valued U-Xplore at about £13m. If new investment comes in to U-Xplore and increases the value to £20m then we will be very happy !

The company will have their detractors and the headline news today was not good but that does not mean it will look worse after Christmas and into 2011. As those who attended the recent presentation know...there is lots going on and GMV is certainly capable of making decent profit going forward.

[jeffian] 09/12/2010 17:34

"Kimboy2 - 9 Dec'10 - 15:38 - 3257 of 3264


Charlie Brown
How do you know that Morrison's account for 80% of revenues ?"

Maybe he got the idea from this note to the accounts?

"In all three periods one customer represented more than 10% of the Group's revenues. The revenue from this customer is disclosed within the Distribution segment and represented 82% of total Group revenues in the half year ended 30 September 2010 (2009: 78%; year ended 31 March 2010: 78%)."

[timesmoney] 09/12/2010 17:33

tanners. Was it Trevor Allan you were playing with? you didnt learn your, lesson, its the same picture, he knows the cards and you dont.

[cockneyrebel] 09/12/2010 17:09

Tanners - you seem to have such rose coloured glasses and your ignorance is unbelievable.

"It is interesting though you have been banging on for some time about the market for CDs and DVDs being a busted flush but at the same time were ramping up the supposed fortunes of HMV.......still your principles are your prerogative I guess."

I was in HMV for the breakout, the 10% div and the fact they had changed the business model to live venues and gamestations instore. I never have and never would hold HMV as a long term hold or for the CD sales. Sometimes shares are cheap on a short term basis and if you want to go back and look I sold HMV on the news and took a small profit, it was a trade only.

Your boyfriend HateTrader (Snott84) is soon here to get behind you - so to speak - you deserve each other.

All I've done today is post what I think about the results - no gloats, or told you so's and I wouldn't have even posted had you not accused me of having 2 handles. Seems to me you ar eth classic mug on ADVFN who doesn't want to hear the truth - you'd sooner all look for the positives - need a magnifying glass for those with this share imo.

Really, if you couldn't see the business model changing here and GMV being a desperate leap f faith with shareholder millions then you don't want to see imo.

I'll ask you this - would you pay £20m for a co that was a download start up with no revenues and absolute tons of competition?

Would yo pay £20m for a company squeezed in a declining CD/DVD market making £1.4m a year at best?

Would you pay £20m for the pair of them?

No thanks - you have a CD distributor in decline, shackled with a MPeg download startup with no revenues - how attractive does that sound to an outside investor?

PS - they never told anyone what the revised down expectations were, now they say they've missed that target lololol. Blind leading the blind.

CR

[tanners] 09/12/2010 16:35

Blimey Charlie Brown.......you weren't there were you ;-)

[charliebrown2000] 09/12/2010 16:26

Tanners. Did in end in a fight?