Mbl Share Discussion Threads

[judgement] 19/3/2011 12:54

The chairman and CEO will be very aware that if stakeholders don't see tangible results in the very near term to secure current assets and limit liabilities, there will be material activity along with press coverage to expose any "issues".
I believe there will be considerable effort applied by MBL senior management to do 'the right thing'.

[cockneyrebel] 19/3/2011 09:46

Fair enough jeffian - I'll tell you what tho, I've never seen a bunch of shareholders so in denial as the crowd in this tho.

Even a 40% shareholder has to adhere to certain corporate laws/rules on behaviour.

encarter - you're bonkers imo.

CR

[timesmoney] 19/3/2011 09:22

Encarter. Sorry but you are so far behind the knowledge curve here it's funny

[encarter] 19/3/2011 05:23

From results Dec 2010.

Peter Cowgill, Chairman of MBL, commented:
"The Group's strategy has been to diversify its underlying businesses and
strengthen future revenue streams to reduce the impact of the dependency on its
major customer, Wm Morrisons plc, and to recognise that the growth areas for
home entertainment products reside within online and digital sales.
"The Group has made significant investments in digital and online capability
platforms and also in the underlying business infrastructure. The Group is now
in a unique position to offer its business customers capability within the home
entertainment sales markets of in-store, online and digital."

[jeffian] 18/3/2011 23:00

"They've been planning for this for the last 12 months and have a back up plan."

I wish!

[encarter] 18/3/2011 22:55

They still have plenty going for them and will be worth multiples of todays share price once the dust settles imho. They've been planning for this for the last 12 months and have a back up plan. Do a little research to see what they still have.

[jeffian] 18/3/2011 22:06

"If I were a shareholder I'd want to chuck them out immediately and get someone in you can trust and try to recover what value is left in YOUR company."
There's rubbish posted on free bb's by anonymous avatars and then there's real life. In real life, the CEO here controls 40% of the shares and can probably speak for enough more to control the show. "Chuck them out"? You and whose army? I note that most of the 'advice' is coming from those who don't hold (and never have?).

We appreciate your concern, boys, and give you due credit for being right. There is a dialogue between shareholders and management and we'll do the best we can, thanks.

[typo56] 18/3/2011 20:46

I agree CR. I think shareholders' interests would be best served by making a lot of noise, not by having friendly chats with the directors who seem to me to have let them down very badly. If you think the directors have not been acting in your best interests but have been feathering their own nests, why on earth do you think they will change now? If I were a shareholder I'd want to chuck them out immediately and get someone in you can trust and try to recover what value is left in YOUR company.

[timesmoney] 18/3/2011 19:06

Wouldn't be surprised if Private Eye picked this one up. They like a dig at naughty directors doing dodgy deals with related parties.

[jeffian] 18/3/2011 19:06

Maybe that time will come but for the moment there doesn't seem much benefit in muddying the waters whilst there is something - however small - to be salvaged. Remember, you and Times are outside the tent pi$$ing in. We're still in there and I can't see it adding anything at this stage if we start stirring the ordure publicly.

[cockneyrebel] 18/3/2011 17:54

I would document all that has gone on here and send it off to the FSA and the papers.

Cowgill is a FTSE director with a 'good reputation' apparently, that he seems to cherrish. I'd wipe the floor with him myself.

CR

[jeffian] 18/3/2011 17:45

You're probably right, boys, but at this price what the hell? In for a penny, in for a pound, as they say. Unfortunately, in my case it was the other way round!

8-/

[timesmoney] 18/3/2011 17:40

CR is right, the cash will go through the fingers like sand. Morrisons have no real interest in the stock and will find 20 reasons not to buy it, particularly when the stock is looked at and found to be a dumping ground for old rubbish.
Can't believe anyone buying into this thinking there is an upside.
Even if there is some cash left it wont go to shareholders, it never does. It will be a cash rich shell waiting for a deal to arrive.

[cockneyrebel] 18/3/2011 14:56

Looks like they'll sell their stake back to U-Explore - at a whopping dicount to theinvestment price I bet.

Bet they pay a whopping chunk to get out of that lease too.

The cash is all being milked out of this thing imo.

Be just about enough let to pay the redundancies I bet.

CR

[encarter] 18/3/2011 12:09

and other assets. An update on the Morrisons stock payment will give the share price a boost.

[joe the plumber] 18/3/2011 09:19

its not going bust loss of a major contract but they do manage sainsbury and have cash

[moathunter] 18/3/2011 09:15

At the risk of stating the obvious, equityholders are near the last in line to be paid during liquidation.

Please do correct this order if you know more, but I suspect the sequence of liabilities paid by the assets are: 1st management salaries and KPMG services, 2nd creditors, 3rd overdraft, 4th loans followed by 5th equityholders.

Equityholders are near first in line to benefit from any company growth and last in line on the downside.

[encarter] 18/3/2011 08:42

They have £2.5m cash and £20m stock, the share price is ridiculously low imho.

[5hakey] 18/3/2011 08:35

Spread is Like a virgin on her first night tight lol lol 13.4 to buy 13 to sell

[5hakey] 18/3/2011 08:33

Max you right 13.4 are all buys