Morses Club Share Discussion Threads

[professor_az] 27/3/2021 14:58

Nothing against Morse at all and hope u all do well BUT amigo is about to rocket. If ever it was about to recover its now. SOA will be approved, relending and its straight to 50p from here.

[ronwilkes123] 27/3/2021 14:56

Yes true but I'm more getting at how poor it makes the morses current share price look

[professor_az] 27/3/2021 14:52

Yes thats a FACT. Amigo has FCA and FOS on side. Its 15.5p now. 50p coming.

[ronwilkes123] 27/3/2021 14:26

the fact is that the market cap of amigo is higher than morses. Amigo with all its troubles is viewed as a better bet now than morses. That’s crazy shocking

That is fact

[prof_peaky] 27/3/2021 14:10

Id buy Amigo over Morses or NSF everyday of the week.

[yump] 27/3/2021 14:07

Its the “worse case” in your head ron.

You have no idea what “the market” thinks because the volumes are small.

Why bother to post your thought for the day every time it changes.

Now I come to think of it, it was you - couple of years ago somewhere with the hot and cold commentary posts.

[prof_peaky] 27/3/2021 14:05

Amigo is heading to 25p next week. Court on Tueday, FCA wont block and FOS supportive. Huge increases coming at Amigo

[ronwilkes123] 27/3/2021 14:04

But that's the other question Amigo, NSF and provident all have had big increases in claimsThe market is simply assuming morses will have had tooBy buying now it's a binary bet on if that assumption is incorrect

[ronwilkes123] 27/3/2021 13:30

The worst share price performer in the sector by miles is morses Why is amigo now worth more than morses, why is the current board unable to arrest the share price troubles

[scubadiverr] 27/3/2021 13:13

It is all conjunture and Morses's weakness is that non standard finance is really its only business, although it is creating offerings to more affluent cliental. Here there is weakness as it not well diversified in my opinion and highly geared to an unpopular but needed product, and why price has fallen to the degree that it has. What I can't explain is why Amigo and NSF appear to be doing better on market sentiment as I would have thought they should be suffering far worse sentiment than MCL. I've money tried up in XLM's open offer but when surplus there becomes available my intention is to top up here. I certainly won't be selling just because the share price has fallen. I can't see a need for MCL becoming redundant and the failure of its competitors must create opportunities. I also can't see an FD with good insight into future incoming and outgoings making a relatively substantial buy at a time of increasing liabilities - particularly so when it's before a need to restore market confidence. Maybe after when trying to restore faith but before I have to view as bullish. I welcome opposing views and insight from others.

[ronwilkes123] 27/3/2021 12:47

That’s what’s at stake here, credibility. Morses does things right. A big rise in claims would make private investors question the company.

This is all conjecture no one knows for sure what the claims numbers are, but they appear important to investors in recent weeks if morses is to regain credibility and get back over a quid.

[scubadiverr] 27/3/2021 12:37

Imagine the rise if in final results they confirm that claims hadn't increased at the rate of Amigo, provident and NSF due to their previously communicated underwriting DD? Surely claim rates would be known by the FD? FD's aren't on CEO money; why would he have bought if he knew they were to drown in liability?

[smithie6] 27/3/2021 12:13

....if any material change (>20% I think) in the company situation or in perf. wrt the mkt expectation then the regs. require them to issue an RNS

if no RNS then there is no material , >20%, change; imo

shares go up & down, the co. is not supposed, & not allowed !!, to say 'underpriced, you should fill ya boots'
...it is up to the mkt to decide what it thinks the mkt price should be via buy-sell trades

(if a co. receives a takeover offer then they can say 'underpriced')

[ronwilkes123] 27/3/2021 10:52

Are you coming round to thinking claims are up by the 200% claimed by the provident ceo. Issue with a trend is you need to see it come down from the 200% before pis will touch it again.All it needed from morses was a statement. Second guessing has not reassured anybody

[yump] 27/3/2021 10:48

The volumes here are clearly minor pi’s trading - its easy to extrapolate that into a general conclusion based on nothing other than a few opinions on a bb.

“We don’t know” is so difficult to admit and it seems to lead to a pointless need to conclude something when a conclusion can’t be reached.

Of course you can suppose all sorts will happen to confirm that decisions you make are right.

[ronwilkes123] 27/3/2021 10:00

50p has to hold bostik otherwise they'll be a whole host of selling underneath as it's technical resistance Amigo with all its problems worth a few million more than morses let that sink in

[bostik17] 27/3/2021 09:19

I find it quite mind boggling. The company puts out a trading statement 4th March and says all is well and also says performance is better than consensus. No mention of complaints issues. I would expect they will have gone up but they are obliged to say if there are material changes. The fact they haven’t seems to be seen as they are hiding something because others have seen huge increases - perhaps that’s because of how they ran their businesses and has little carryover to MCL. YE numbers come out on 13th May so we don’t have the debacle of last year. I’m looking at the company and thinking they are doing what I would expect them to do. They’ve reacted well to COVID, majority of customers have moved on-line. share price makes no sense on the back of that especially if you then factor in the underlying NAV and low gearing again compared to its competitors. If that overall scenario frightens people then they need to consider whether investment in shares is just too scary. It’s an underserved market, yes it has regulatory focus but the needs of existing and new customers haven’t gone away and MCL seem to do it reasonably well. I’ll disappear back in my box now

[ronwilkes123] 26/3/2021 21:15

The only question next week appears to be how far and how quick it goes under 50p

Share price is in a complete mess at the min, it desperately needs positivity

[ultimatewarrior] 26/3/2021 17:04

heightened risk over perceived increased claims

i'd be watching out for it touching the 52 week low in time

strange not to put a statement out, the share price will simply fall to where it should be with the increased claims news baked in

[bostik17] 26/3/2021 16:28

They’ll be in a closed period until the accounts come our]t, that might have the opposite effect when they get sacked - lol

[smithie6] 26/3/2021 15:30

need a director to get his wallet out & buy a few !

[bostik17] 25/3/2021 11:44

Yes Smithie I can’t understand the logic of current pricing. Whether they are being weighed down by others and their woes but as we have said MCL is in a fundamentally different position on necessary funding. At least PFG has dropped back a bit today which reflects some common sense

[smithie6] 25/3/2021 10:15

nett tang. assets per share of 36p/share according to advfn, calculated from last annual report.

at just 52p/share the rest of the business is valued at just
52-36p above tang. NAV
16p

far too low imo

[bostik17] 24/3/2021 17:46

Wow a good penny upside, depending on where you look. That’s more than NSF and PFG - has the tide turned? Lol

[ultimatewarrior] 24/3/2021 14:59

ready for the afternoon fallback!

its almost amazing bostik how many days in a row its weakened after america opens

Surely theres money to be made short from 12pm everyday on IG