Mbl Share Discussion Threads

[timesmoney] 10/8/2011 12:09

Typo. Yes I meant the finals, thanks. The auditors will in all probability consider that the sub sales (which may show significant b/s losses)are a material consideration and a material post balance sheet event, so significant as to make signing the accounts to Mch 31st unrepresentative of the actual state of the company. For once reasonable behaviour may be evident, only I hasten to add, because a third party insists on it.
On the same matter a question must be raised as the boards ability to undertake these sales without shareholder approval. Also given that the board employed a company to provide a 'stategic review' many months ago, would it not be reasonable to know the results of this review?
Re Cowgill. The JD looting made him 'physicaly sick' the same feeling MUBL shareholders had when he and Allan looted shareholder funds. At least JD have insurance!!

[typo56] 10/8/2011 11:51

Did anyone else hear Cowgill on Radio 4 news a couple of days ago? I don't think he comes across as well as Lord Harris. Cowgill seems to be out to make the point that JD. were targetted because they offer an attractive "retail proposition". Chuckling about the woman trying on the trainers may also say something about his attitudes?

Cowgill at 10:18 Lord Harris from 17:27

[effortless cool] 10/8/2011 11:50

There may be an issue of whether the company is a going concern currently, as opposed to at 31 March.

It may be (and it may not be) that going concern status is dependent on the revenue from the sale of the subsidiaries.

[typo56] 10/8/2011 11:45

Timesmoney, do you mean the interims or the do you mean the final results for y/e 31 March 2011 which were due tomorrow? But then I'm not sure the proposed sales will make any difference to the state of the company at 31 March 2011.

[timesmoney] 10/8/2011 11:39

I assume the delay is because the proposed sale of the subs will be such a material knock to the balance sheet values as to make the interims misleading.
The auditors will no doubt take this view, and will not sign off until they have the values pinned down.
Anyone care to guess which subs and how much?

[tommyjnewton] 10/8/2011 11:39

Regarding our great leader Cowgill on page 8 of the Telegraph who feels physically sick over the JD Sports looting, I would suggest that what goes around comes around. Cowgill is far greedier than the looters. He grabbed £300,000 for nothing from this company for himself. He has no right to judge the rioters.
The average Joe might want to judge the rioters but Cowgill should shut up and return his stolen cash

[tommyjnewton] 10/8/2011 11:39

Regarding our great leader Cowgill on page 8 of the Telegraph who feels physically sick over the JD Sports looting, I would suggest that what goes around comes around. Cowgill is far greedier than the looters. He grabbed £300,000 for nothing from this company for himself. He has no right to judge the rioters.
The average Joe might want to judge the rioters but Cowgill should shut up and return his stolen cash

[someuwin] 09/8/2011 10:03

...What's the betting they will be released after the bell.

[typo56] 09/8/2011 10:01

Not only a Friday, but a bank holiday weekend. Classic!

[fft] 09/8/2011 07:05

results moved back to 26th august from 11th. I guess (hopefully), this has been done to allow the reporting to include either/both the disposal of subsidiaries and a resolution of the Morrisons stock position.

Pity its a Friday. that doesnt inspire confidence that either deal was good from a MUBL point of view

[masurenguy] 08/8/2011 10:13

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."

That was over 4 months ago and still not a word on any outcome !

Definition of imminent: At hand, on the way, about to happen, fast approaching, forthcoming !

[jeffian] 08/8/2011 09:58

As ever with MBL, the announcement on 29/7 seems to raise more questions than it answers. Most of the separate subsidiaries of MBL are held within 2 companies - Redworth and Air Music & Media Copywright - the 2 others being Global Media Vault and Maximum Entertainment, so the discussions to sell 2 subsidiaries could either mean they are selling the meat of the business or they they are getting rid of the peripheral stuff and going back to core business. The elephant in the room, however, is the financial shape of the company post-Morrisons and I don't see how they can consider re-shaping the company by disposals unless that has been resolved. THAT, surely, is what they should be telling us about?

[alter ego] 29/7/2011 11:45

www.investegate.co.uk/article.aspx?id=201107291130283724L&fe=1

[typo56] 29/7/2011 11:25

Nothing would surprise me. Perhaps they'll diversify into the restaurant business, starting with the acquisition of a thriving eaterie in Lytham.

[kimboy2] 29/7/2011 10:37

JakNife
Much as I am an admirer of your epistles I am afraid you are sadly wrong in this case.

I heard our dear leader say quite explicitly that any money that was raised would be distributed to long suffering shareholders rather than handed back to the useless crew who have made such a pig's ear of the job.

(The last bit isn't verbatim but we all knew what he meant)

I cannot believe that we have been misled.

[5hakey] 29/7/2011 07:55

good morning all

[encarter] 28/7/2011 19:05

Yippee! and all the losers have vanished, shame on them.

[5hakey] 28/7/2011 16:27

just a matter of time hold 176k of these at average price of 10p last year would have cost me £176000.00

[5hakey] 28/7/2011 15:52

50% up on my buy and counting

[5hakey] 28/7/2011 15:42

easy top 20p

[judgement] 28/7/2011 15:40

Up 55% so far today.
I assume news has been released in a timely manner.
Does this company have any form in that regard?

[goonertone] 28/7/2011 15:31

Shakey - as you obviously appear to be trading on inside info do you care to share

[5hakey] 28/7/2011 15:21

ere we go here we go hold on

[tommyjnewton] 28/7/2011 13:41

Dead cat bounce?