Mbl Share Discussion Threads

[timesmoney] 12/11/2011 08:25

Deepthroat3
No doubt you will be providing your evidence to the Chairman, the revenue and police?
Otherwise keep quiet.

[someuwin] 11/11/2011 20:03

...Car boot sales?

[deepthroat3] 11/11/2011 19:51

They finally seem to be reducing the amount of stock they're holding. Unusual methods of doing this though.....

[timesmoney] 07/11/2011 16:15

The BestBuy news serves as a reminder that even before the Morrisons disaster, and putting aside all the issues of related party trading, dubious valuations on acquisitions, outrageous bonus payments and assorted other dubious deals, the business model was flawed. Its a dying sector. The BestBuy loss is the only bad news in recent times that cannot be be blamed on miss management.

[jeffian] 07/11/2011 10:18

If it's not one thing, it's another!

[deswalker] 04/11/2011 20:56

I don't know whether to laugh or cry !

[davidosh] 04/11/2011 20:39

Next, is MBL (LON:MUBL), which until recently ran a very successful music and DVD distribution business. Last year a key customer, the supermarket group Wm Morrison, caused chaos by cancelling its contract with the group, which in turn triggered a very rapid disintegration of the bulk of MBL's operations. Between 2010 and 2011 the groups net assets were slashed from £35.9 million to £13.6 million, but with a tiny market cap of £1.9 million, the company comes near the top of Graham's screen with an NCAV of 0.19. MBL hasn't ruled out further divestments as it seeks to stabilise its remaining operations. CEO Trevor Allan has stressed that the company is committed to recovering and to be fair the MBL board was apparently making efforts to diversify shortly before last year's disastrous events.



No comment !

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[deepthroat3] 31/10/2011 21:41

There was no announcement of this or the second lot of redundancies.

[timesmoney] 31/10/2011 21:15

Appointment of an M.D. Not worthy of an RNS?
Or did I miss it?

[deepthroat3] 31/10/2011 20:20

I don't know where he was before - just my source said he'd been appointed months ago. He wouldn't have to be too skilled to have more skills than the existing directors. How many units have Morrison's taken of the stock held on their behalf?

[davidosh] 31/10/2011 14:58

Where was John Rozenbroek before he came to MBL and what particularly skills does he have that the company did not already have within for some reason ??

The further staff reductions were sadly inevitable and it is also likely that we will get the next wave of disgruntled or simply unhappy ex employees coming here to tell us how bad but well paid management have been over the past few years !

[curvedair] 31/10/2011 13:58

John Rozenbroek. What exactly is he MD of ? What's left ? Is he a turn around man or just a another poor soul that TA will hide behind and blame when the final day of reckoning comes.I hope not!

[kimboy2] 30/10/2011 21:02

Well I had wondered how they had lost 90% of the business but only 50% of the staff. I couldn't see that lasting long one way or another.

[deepthroat3] 30/10/2011 19:37

When they end up with more directors than staff at the busiest part of the year - that's when you start to worry.

[kimboy2] 30/10/2011 19:20

Sounds like positive news - as long as you dont work for MBL.

[deepthroat3] 30/10/2011 19:10

Interesting that the company should appoint a new acting MD - John Rozenbroek - and within hours announce that they were making more than half the staff redundant. Also interesting that none of this has appeared to make it into the public domain. I suppose this is indicative of a company that suspends any member of staff who asks them awkward questions.

[jonc] 20/10/2011 07:50

lol.

Look at the share price!

[encarter] 20/10/2011 07:16

It seems that there's a bad smell on every bb these days and you are the resident MBL bb stink. Perhaps it's a sign of the times and whilst some have a sense of humour and can occasionally be entertaining, you are not, Please feel free to live in your world of negativity and vitriol, I feel only pity for you. As my time is more presious these days I have decided to no longer engage with such individuals of dubious character. Goodbye.

[encarter] 19/10/2011 23:02

The post is related and I have explained it in my post. You are blinded by your bitterness and you will never find happiness if you continue to only ever be negative. It's time to draw a line under whatever your grudge with MBL is and move on imho.

[timesmoney] 19/10/2011 20:09

encarter. Never said I have no interest, no shares thankfully, but lots of interest. Equally interested to hear pearls of wisdom from you. It's been a while but you are back with a vengeance. A totally unrelated post and no explanation. Priceless.

[encarter] 18/10/2011 22:46

MaxCashflow, same bloke as cashbee.com I think. I would doubt that they are directly connected to MBL.

Timesmoney, I'm surprised that your still spending your time deramping these when you say you have no interest.

[timesmoney] 18/10/2011 15:53

encarter...suprised to see your head above the ramparts, but not at all suprised to see that your post makes no sense.

[maxcashflow] 18/10/2011 10:55

encarter - what's the relevance?