Morses Club Share Discussion Threads

[kirk 6] 18/12/2020 17:18

Director buy

[yump] 18/12/2020 12:43

That'll be easy when the share price is rising ;-)

I did apologise earlier for being rude.

[ronwilkes123] 18/12/2020 12:33

guess you'll have to get used to me yump if were going to be here a couple of years

[yump] 18/12/2020 12:30

Should be a very good steady recovery story here. Although there are higher lending risks now, they have an increased ability to cherry pick customers because of the fall-out that other businesses have suffered.

At best might be a gradual recovery in earnings and then a 'surprise' jump when the digital losses are no longer present. If they can get the same customer volumes as previously, then somewhere north of 12p earnings should be possible in a couple of years - that is a big upside.

Plus of course, buying down here, the dividend would be a very nice yield in future.

[albert arthur] 18/12/2020 09:53

Great interims. Nice end to the year!

[speny] 18/12/2020 09:02

If anyone is interested in the presentation, its on their website from 0930.

[ronwilkes123] 18/12/2020 08:05

Strange dropCatching out the traders

[cl0ckw0rk0range] 18/12/2020 08:03

This is an excellent entry price here given those results.

[jamessmith23] 18/12/2020 07:57

Digital being a drag is fine and expected, the fact they were still actually profitable with its losses is great, so if it starts to be breakeven in around 2-14 months time then we should see a nice healthy uplift in profit.Unless something goes terribly wrong then I'd expect the FY 22 results to be showing eps of 6+, and after that digital will be adding as opposed to detracting which is even better. Also have a nice asset base to fall back on, £50m of tangible assets is v helpful. Its the main reason ZYT has had a great few months, just has most of its market cap in cash - I don't hold though

[opaldouglas] 18/12/2020 07:49

No surprises as most the key metrics were already in the public domain. These results are the throw away Covid figures and its all about a recovery into 2021 and the growth of the digital. MCL seem to think they now have the digital platform all but complete and have repeated breakeven expectations within next financial year starting in February 21.

Frankly just getting digital anywhere close to breakeven let alone profit will act as a huge catalyst. The div reinstatement is mostly symbolic but points to a wider narrative that MCL have performed in a robust manner thorough out Covid.

For me this is a complete play on a covid recovery into next year with the growth of digital as the cherry on top and the risk/reward still looks really compelling. Will look through figures over the weekend.

OD

[ronwilkes123] 18/12/2020 07:22

Remember shut in business for 3-4 months for digital costs to be trending downwards on a compatible basis is impressiveInterim dividend is v impressive for a shutdown period

[wapper] 18/12/2020 07:11

That'll do .

[ronwilkes123] 18/12/2020 07:05

Still profitable when business was shut Digital looks to be improving Interim dividend What's not to like

[ronwilkes123] 17/12/2020 18:59

They traded profitably in the first four months

[ronwilkes123] 17/12/2020 17:35

Investor relations are impressive here too, the CFO responds personally within an hour or so.

[yump] 17/12/2020 17:31

ronwilkes

I apologise for being rude before, given your comment is exactly the sort of thing I would say ! I think may have been a different ronwilkes I was thinking about or possibly not one at all.

[ronwilkes123] 17/12/2020 17:12

Apart from the website financial calendar
and the various rns explaining that interims would come in late december

[eggbaconandbubble] 17/12/2020 16:44

Virtually zero notice of announcing results.

There's something about this company that just doesn't quite feel kosher.

[sbb1x] 17/12/2020 16:43

We finished green yippee

[sbb1x] 17/12/2020 15:29

Tiny sells followed by big buys

[sbb1x] 17/12/2020 12:37

Ron,What other stocks interest you....