Morses Club Share Discussion Threads

[helicopterflyer] 16/1/2023 23:04

Remember, Amigo is an entirely different business model with even more inherent issues than Morses because of the third parties involved. Morses is relatively straightforward, with a 135-year track record. The market is not going anywhere and will be almost competition-free if Morses survives.

[robizm] 16/1/2023 21:04

Well done. I think it is back under a penny this week.

[kirk 6] 16/1/2023 19:04

Yes went short Friday 1.8 average ish played this like a beautiful symphony

[forfaiter1] 16/1/2023 18:35

Helicopter.....the same reasoning can be said of amigo who have been fighting survival for the last couple of years.....but they are very close to throwing in the towel and running down the business if they cannot secure backing for the fund raising.....

[robizm] 16/1/2023 18:09

Under normal circumstances yes but they would be under obligation to sell the business to the highest bidder to pay off the complaints without which the business is profitable. I think a lot of companies would purchase the business with the complaints removed (Morse want to pay £20 million plus admin costs to do it).

Haywain should make an offer to buy the company as the owned it before floating it in 2016. (Terrible investment for those in at £1.08 per share.

[helicopterflyer] 16/1/2023 17:57

No way they would be bothered to go through all these machinations if there wasn’t a prospect of a favourable outcome. They are not going the ‘screw’ shareholders; if they were they could buy out of administration for a £1.

[robizm] 16/1/2023 17:39

I am completely out now. It is either delisting or admin. Did you go short Kirk?

[forfaiter1] 16/1/2023 17:36

I can't see any life in this share after delisting......news from amigo today shows there is no appetite to fund any of these pay day loan companies going forward....

[kirk 6] 16/1/2023 15:07

back below 1p tomorrow?

[kirk 6] 16/1/2023 13:21

what uncertainty ? there is no ifs or but this is getting delisted and any shareholders left will be potentially screwed? Seems pretty clear to me after the joy and happiness of the dead cat bounce

[helicopterflyer] 16/1/2023 12:42

They will announce that funding is secured subject to delisting before the 13th of February. If that happens, some of the uncertainty will have been removed.

[kirk 6] 16/1/2023 10:30

worth a short now as this heads towards suspension with shareholders likely to end up with nothing. the fun is over

[robizm] 14/1/2023 21:05

I emphasise the risk which is a big difference to running a share down. People on LSE are ramping this to hell and back saying 10p in days and dividends next year etc. Anyone with a brain knows they need to raise cash and I just put that out there show everyone don’t get sucked in by the hype. If you don’t like that then that is e your problem.

Ps I have traded Morse more times than I can remember and if you check my previous posts I was calling this a share heading towards bankruptcy. I bought some Thursday and sold some and if it hits 2p Monday the rest will go. Share is high risk but people buy because it is the top riser without doing research

[cygnet4] 14/1/2023 19:24

ROBZIM, In May you said you bought £16,000 worth at 9p and have never said you sold them. You now say you did and have 600,000 free carry but you still run the share down. Now that has to weirder behaviour than that of Prince Harry.

[robizm] 14/1/2023 12:56

Doh read my past posts. Been out of this until a gamble on Thursday.

You post on here with no advice just a dig at someone who has not said a word to you. I am not one of them idiots who gets into arguments on bulletin board so I will leave it at that.

[masonmaster] 14/1/2023 11:24

I think that someone must have bought in high, mentioning no names (ROBIZM).

[telbap] 13/1/2023 18:24

At 1.9m MCAP, makes a cheap shell for someone to buy up?

[blackhorse23] 13/1/2023 16:07

Well the broker pushing for delisting & make it private company, yesterday short bought over todat so they can get vote 51% , that's happening atm

[tomboyb] 13/1/2023 15:49

MMs must be short =

almost 100mill traded -

[robizm] 13/1/2023 15:15

The complaints will not go away even if they do delist. I wonder what changes they made to their articles of association

[pwhite73] 13/1/2023 14:59

ROBIZM - "Then it is Administration as they are in no man’s land."

Partly true. The trouble is its not the lack of liquidity as seen today but the fact they can't move forward whilst individuals or groups of individuals can purchase enough shares to call an EGM. That's really what the cancellation is about. Once delisted they don't have to tell anybody anything. So any new money invested in the company does not have to be declared until they file their annual accounts with Companies House. As a credit company they're awash with other people's money. See RNS 13/12/2022.

[tomboyb] 13/1/2023 14:37

Missed this -

Next 5 bagger? -

[robizm] 13/1/2023 14:31

Then it is Administration as they are in no man’s land. Unless they close down home credit or the complaints (currently on hold) will destroy them