Morses Club Share Discussion Threads

[ronwilkes123] 10/12/2020 11:46

Looking forward to your buys sbb1x

[sbb1x] 10/12/2020 11:34

Very interesting, thank you for letting us all know.

[yump] 10/12/2020 10:04

Just to put things in perspective:

Today there has been around £70,000 worth of shares traded.
In the last month at least £15mln worth - I make it around £30mln shares.

So today is just a few punters dumping.

[yump] 10/12/2020 10:00

Thanks for that. I am going to print that off ! Its nice to know the details, even if the share is going to get judged by final results.

[madmaxhunter] 10/12/2020 09:58

IMPAIRMENT MASTER CLASS:

I used to work in financial services and I note from several posts that there is some understandable confusion between "accounting impairment" and "total collections".

Using their representative product, a 34 week loan, Morses charges £70 on a £100 loan making total due £170.

If they collect 90% of that money, a default rate of 10%, then they get back £153.

The accounting is a revenue of £70 (the amount added to the principal) and an impairment of £17 (being the £170 due less the £153 collected).

This gives an accounting impairment of 24.3% being £17 impairment divided by the £70 income.

This same misunderstanding applies to the entire financial services sector, both consumer and business. Imagine if you sell mortgages and collect 99% of the money due but only charge 10% interest. That gives an accounting impairment of 11% even though you collected 99% of the monies due!!

Therefore for these guys if the 34 week product represented their average product, their collections are nearer 90% than the 75% suggested by their accounting impairment!!

[ronwilkes123] 10/12/2020 09:55

I'm looking to buy in post Brexit In my experience morses and shopacheck were excellent businesses. Long term I know this is a winner.Macro climate atm suggests I could get a bargain.Hopefully that's clarified

[cl0ckw0rk0range] 10/12/2020 09:51

Ron why are you even posting here? What's your agenda?

[diku] 10/12/2020 09:38

Just when you thought it was staying above 50p and whoosh it goes down...

[ronwilkes123] 10/12/2020 09:37

I know who we lend to or did as I used to be in the industry

[albert arthur] 10/12/2020 09:36

Look at who we lend to... I factored it in when I bought, virus and Brexit... the strong will survive. And MCL is the strong..

[ronwilkes123] 10/12/2020 09:33

It isn't - it's effect on the economy will filter through to the jobs of those morses has as customers The business model is not immuneSeems someone agrees with the risks over Brexit this am with the heavy dumping

[albert arthur] 10/12/2020 09:24

I believe a Brexit No Deal is already factored in, also this model is perfect for a Brexit No Deal. Deal or No Deal I believe this will do very well.

[ronwilkes123] 10/12/2020 09:24

Bid back under 50Sellers aboutNo candlestick day anytime soon

[yump] 10/12/2020 08:51

I’m changing my mind a bit about proactive. A proper Q&A with ‘difficultR17; questions asked.

[yump] 10/12/2020 08:49

Predicting share price moves with Brexit issues depends on what you want the share to do doesn’t it ? Very obviously in this case.

If you want to hop in and out its best to pick a share thats fully priced or speculative and hasn’t just had a big volume increase.

Anyway I’m more interested in who was trading that volume of shares a bit lower down, that wasn’t RNSed

[eggbaconandbubble] 10/12/2020 08:40

Why do you think they will declare a no deal on Monday????

[opaldouglas] 10/12/2020 08:29

Thanks for posting video.

Really interesting, collections are now comparable yoy! I had forecast the £5.2M covid impairments throughout the whole financial year 2021 but looks like it was a much shorter duration. Whilst good news that will hinder the h1 Covid interims although these are now in the rear view mirror.

Biggest take away point is the quoted £20m digital profits within 3 year window, that's huge! Equal to HCC! Clearly the proof is in the pudding but it's good to get some forecasts.

So best case scenario in 3 years MCL could be throwing out £40M in profits vs a Mcap of £67M today. And that's not including MCL's loan book assets.

Again the proof is in the pudding, but sounds very promising.

OD

[ronwilkes123] 10/12/2020 08:16

Market will crash when no deal is confirmed It's still assumed we will get a dealMorses will fall with everything elseHence a discount from Monday when no deal is confirmed

[eggbaconandbubble] 10/12/2020 08:07

ronwilkes, why do you say - 'any no deal discount from Monday onwards'?

[kirk 6] 10/12/2020 07:48

Given the Daily candlestick charts, I reckon we could be on for a major break out today

[ronwilkes123] 10/12/2020 07:23

It is, if both sides are now saying it's difficult that suggests inevitable. Not say morses is bad buy but surely you'd be better waiting for any no deal discount from Monday onwards

[cl0ckw0rk0range] 10/12/2020 07:19

It's not inevitable though, is it?

[ronwilkes123] 10/12/2020 02:45

I'd wait - now inevitable no deal Brexit means this will be cheaper, much cheaper in the next few weeks

[sbb1x] 09/12/2020 23:17

Another blue day excellent, the trend is your friend. Will be buying a tiny bit more tomorrow. Good luck all.