Mbl Share Discussion Threads

[timesmoney] 09/6/2011 11:19

There comes a time when the company should be called to account for misleading RNS announcements, the time is up. The Directors clearly have material knowledge that has not been passed to the market. They should be compelled to report or the shares should be suspended.

[rbcrbc] 08/6/2011 15:15

I got too worried by the delay and have sold out over the last few weeks. Good Luck to those left in, I still see some value here especially if the DVD rental business has grown, but it no longer for me I would prefer to take a chance with a drill bit in East Africa or The Falklands ;-)

[kimboy2] 08/6/2011 15:12

This anticipated 'imminent conclusion' has still not been confirmed 9 weeks later !

Be careful what you wish for.

[masurenguy] 08/6/2011 15:00

Just what exactly is going on here !

RNS Number: 3170A - 31 January 2011: "Morrisons has confirmed to the Company that it will assume responsibility for the stock held by MBL on its behalf"

So MBL should not have any problem whatsoever in getting paid for this residual stockholding !

RNS Number: 9476C - 15 March 2011: The Board will update investors as soon as the financial commitment has been agreed with Morrisons."

Over 12 weeks have elapsed since then but no update has been provided !

RNS Number: 2446D - 18 March 2011: " the main priority of the Board will be to quickly secure a payment plan from Morrisons"

It would appear that a payment plan has still not been secured yet !

RNS Number: 3979E - 6 April 2011: "The Board of MBL is in advanced negotiations with Morrisons in regard to the realisation of the stock position relating to the associated contracts for supply and anticipates an imminent conclusion."

This anticipated 'imminent conclusion' has still not been confirmed 9 weeks later !

[bisiboy] 04/6/2011 12:50

if the directors keep quite for lomg enough they may
be able to kkep thier job bit longer and use up the remainder of the cash in fees & bonuses

this investment has not been one of my better decisions

[jeffian] 02/6/2011 09:51

Interesting that The Hut's diversification is away from music/games altogether.

[jonc] 28/5/2011 10:00

Receivership?

[encarter] 27/5/2011 22:54

They asked creditors for 2 months which is up on Tuesday so probably some news next week.

[timesmoney] 27/5/2011 18:16

So no news? The MBL idea of imminent and advanced is very different from mine. You wouldn't want to be holding your breath.
No worries though, we are only about 4 weeks away from anouncement of the full years results. Should be interesting, particularly auditors view of 'going concern'

[ianguerin] 21/5/2011 08:27

Has anybody noticed the CD/DVD displays in Morrisons stores recently? Locally, they appear to be pile-it-high, sell-it-cheap all over the store displays, whereas previously it seemed to be a much more professional presentation, concentrated in a smaller footprint.
If that perception is correct, have Morrisons had to pull all the stops out to shift the stock?

[encarter] 20/5/2011 23:29

Not for me, I don't eat the flesh of a swine.

[jeffian] 19/5/2011 17:47

That would be nice.

8-)

[rbcrbc] 19/5/2011 16:46

Do you think that someone might now get a more definitive response if they called the Chairman or CEO ?

I think it more likely that we will see a bid from Netflix at 200p and a free flying pig per share !

[masurenguy] 19/5/2011 13:02

RNS Number: 3170A - 31 January 2011: "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. This stock commitment represents a significant proportion of the stock held by the Company."

RNS Number: 9476C - 15 March 2011: "Negotiations are also continuing regarding the stock balances which MBL has purchased in support of the existing agreements and which represent a high proportion of the total stock balances of the Group. The Board will update investors as soon as the financial commitment has been agreed with Morrisons."

RNS Number: 2446D - 18 March 2011: " the main priority of the Board will be to quickly secure a payment plan from Morrisons for the considerable stock MBL holds on behalf of Morrisons. The Board will update shareholders on progress in this matter as soon as it is appropriate to do so."

RNS Number: 3979E - 6 April 2011: "The Board of MBL is in advanced negotiations with Morrisons in regard to the realisation of the stock position relating to the associated contracts for supply and anticipates an imminent conclusion."

Timesmoney - 3996: Someone call the Chairman and ask him whats going on.

Their last four RNS announcements relating to the inventory situation have hardly been consistent and the most recent one on April 6th referred to an "imminent" resolution. That was 6 weeks ago ! My dictionary defines 'imminent' as something that is "likely to occur at any moment" or is "about to happen". Do you think that someone might now get a more definitive response if they called the Chairman or CEO ?

[timesmoney] 19/5/2011 11:55

Someone call the Chairman and ask him whats going on.

[jeffian] 19/5/2011 10:48

Tumbleweed.

[encarter] 19/5/2011 09:31

It's nice to be missed. Chances of a profit are still good imho and I have until September.

[charliebrown2000] 16/5/2011 19:09

I'm even starting to miss Encarter's 'insights'. I'm guessing his spread bet isn't looking so good now. How much time do you have on one of those?

[charliebrown2000] 11/5/2011 15:15

Flatlined! I think the company died and no-one noticed!

[kimboy2] 07/5/2011 00:20

Why should shareholders have to guess about such critical matters.
The company is in intensive care and well overdue to keep shareholders informed. in the absense of which the shares should be suspended.

MBL are in an extremely fragile position with regard to issuing news. They have basically told their creditors not to put it into administration while they sort out MRW and they will eventually get paid.

If they give out blow by blow accounts of what is happening then there is a risk they unsettle the grumbling creditors who will force the issue.

If they did then MRW may well say that they will discuss it with the administrator rather than MBL.

I suspect that any suspension of shares may well have the same effect.

[encarter] 06/5/2011 23:37

How can they issue news when they have no news to report. When they agree on exactly how much they are getting then they will report it. They have lost a large contract, companies aren't suspended every time they lose a contract. Everything else negative is in the minds of the de-rampers, don't be fooled.

Kimboy2, £10m on top of expected Receivables.

[jeffian] 06/5/2011 18:40

Easy to say when you don't have any, Times!

[timesmoney] 06/5/2011 18:20

Words of wisdom from jeffian.
Why should shareholders have to guess about such critical matters.
The company is in intensive care and well overdue to keep shareholders informed. in the absense of which the shares should be suspended.