Mbl Share Discussion Threads

[jeffian] 21/4/2011 19:05

I suppose they've got to have somewhere to unload all that unwanted MRW stock!

8-(

[watchitbounce] 21/4/2011 18:24

Article from MCV, 22nd April:

"A SMALL-SCALE retailer is on the cusp of transformation after hiring two GAME Veterans. Big Retail, the chain of entertainment stores operated by distributor MBL,recently welcomed David Webb and Steve Wilde to its ranks, MCV can reveal. We understand MBL hopes to open several new websites and High Street shops this year, all of which will focus on DVD, music and games."

If that's the strategy it strikes me they should make a bid for HMV ;)

[kimboy2] 15/4/2011 18:28

It may just be the Nomad being (semi) efficient.

It certainly seems to have gone a bit quiet. There has been no confirmation of the 'imminent conclusion ' of the MRW discussion over stock. That was from 9 days ago.

Perhaps TA is still getting his SIPP set up to reverse the whole shooting match into.

[rbcrbc] 15/4/2011 17:23

An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period

Well it is now the 23rd Business day and it looks to me like James and Tonya are not the only ones to report late - but why report late / Why not just forget it ? Has something happened to remind them ? Will we see an RNS on Monday ?

[encarter] 12/4/2011 23:29

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."

[encarter] 12/4/2011 23:10

Oh and it's 2011 not 2009, you've lost the plot.

[encarter] 12/4/2011 23:01

Still here Timesmoney, if it's true what your name sugests you must be making a fortune from all the time you spend on here slagging these off.

[timesmoney] 12/4/2011 14:32

sh1fu. can't fault your logic. Best you go buy some shares. (dont know encarter do you?)

[sh1fu] 12/4/2011 14:16

It's only a train wreck after it crashes. Currently it is a speeding train that requires a good driver to prevent a crash and get it on the right track.

[encarter] 12/4/2011 11:24

Great news, thanks.

[strollingmolby] 12/4/2011 09:19

GMV update:

March - Business Developing

Looking back across our diaries for this month it's remarkable just how much 'business development' we've been doing. Almost every day we've been talking to someone about Digital, be it a new Ecommerce website, a Retail Kiosk or a mobile application of some kind. The general economic climate certainly seems to be improving, with more people prepared to engage in conversation around the development of a new service. Far too early to say that this difficult period is over but there are some encouraging signs emerging. The Sainsbury's website, which we support, boasts some great new functionality and our Digital Retail Kiosk is now on trial with two major UK customers - this is in addition to the network of kiosks that we have up and running in the Middle East. The new piece of business in the Middle East which I mentioned last month is close to coming off, and we hope to announce that shortly. Another solid month.

[encarter] 11/4/2011 23:01

It's a gamble for sure but one I'm willing to take.

[jonc] 11/4/2011 14:33

Idiots are buying this stock!!!

The idea that there is any value left for shareholders is ludicrous.

[encarter] 09/4/2011 11:01

Very constructive. Idiots abound.

[encarter] 09/4/2011 10:09

They are in a position to fulfill it, they already hold the stock, but no point continuing if it doesn't suit either party. It's clear from the above statement that MBL believe Morrisons will pay up the only question is how much?

[kimboy2] 09/4/2011 00:53

It seems clear that they asked for an end to the contract because they weren't in a position to fulfill it.

MRW had not taken over the stock as suggested in the RNS of 31/1/11;

Morrisons has confirmed to the Company that it will assume responsibility for the stock held by MBL on its behalf during the remaining period of the existing contracts.

It doesn't seem that they did and MUBL were not able toi get supply without paying cash.

The freeze in payments was obviously going to happen if they didn't get the money for the stock. I suspect that the situation has been exacerbated by suppliers being unable to get credit insurance.

On Wednesday they said they expected an imminent conclusions to negotiations. Well it hasn't happened yet.

MRW have them over a barrel and are clearly playing tough.

[encarter] 08/4/2011 23:58

Thanks, we should find out who's correct within a few weeks. I don't see why they would agree to end the contract early or ask for an extension from creditors if they weren't expecting to get the cash.

Please take a look at MDZ, some after hours news, they have great potential imho but always dyor.

[microscope] 08/4/2011 12:49

LOL! Well good luck with your punt; I genuinely hope you are right and I'm proved wrong, however if i read between the lines of Davidosh's posts anywhere near correctly, i can't help but remain personally sceptical. (Edit: I just get the uncomfortable feeling from them there's an untold story yet to emerge).
At least you do seem aware of the imho 100% either way risk you are taking.

[encarter] 08/4/2011 12:44

It's nice that we can agree on such a beautiful day.

The way I see it is this. MBL have some cash and assets but not enough to pay creditors so without the money from Morrisons, they are probably done for, though there's always a slim chance of a deal or takeover. Morrisons are contracted to take the stock or so we are told. If they do and pay up immediately then the share price could double. That's a good reason to buy shares.

[microscope] 08/4/2011 12:26

Shareholders are last not first, when it comes to creditors, and it seems they haven't enough for their other creditors if Timesmoney's report is accurate!

I agree with you encarter about one thing, no bulletin board opinion stated by me or anyone else is going to have the remotest effect on a company's business decision re any possible suspension or not; otherwise Aim would indeed have shut down years ago!

I agree with you about nothing else. Why anyone would wish to buy shares based partly/mainly on what are now long out of date numbers, which have been superceded by a string of imho very negative events, is a complete mystery to me.

It remains my personal opinion that these shares are at risk of being suspended at some stage in the not too distant future.

Indeed as others have drawn comparisons with LNG, it was if i recall around August, many months AFTER suspension, the company asked creditors for extensions while they sought to thrash out a deal that would enable them to repay them. MUBL, if timesmoney's report is correct, are imho already in a not too dissimilar position.

Of course I would hope a positive outcome can yet be achieved for beleaguered holders, without recourse to suspension, but the market looks to me as though it thinks as I do, given that the shares, now 12.5p, were trading at over 150p as recently as last October.

[encarter] 08/4/2011 12:04

Not with all that cash, unless they give it to shareholders first.

[druinsky] 08/4/2011 10:15

time for this to go into the great record shop in the sky

[edmundshaw] 08/4/2011 09:18

Or you could read this link: