Morses Club Share Discussion Threads

[peaky00] 24/6/2021 20:04

Id go Amigo

[smithie6] 24/6/2021 12:30

MCL

perhaps the top slicers have finished after seeing the recent price/profit jump

so, phps any new buys might start grinding/moving the price upwards

good chance of press comment about the loan book doubling in coming days/weeks imo

[smithie6] 24/6/2021 12:27

george

well, companies looking for cheap low skilled/unskilled workers say they can't get enough people since many EU ppl have left

(no big deal imo, just put the pay up & they'll get the workers they want !; or crack down on ppl on benefits if they are refusing to take available jobs)

[georgefirth] 24/6/2021 10:09

MCL keeps on winning, the rest keep falling. Morses Up & Up

[georgefirth] 24/6/2021 10:06

Ah, you actually believe Brits couldn't get jobs because of Europeans coming over.

They've been long gone now pre-Brexit and the benefit hoovers still be sat at home collecting their handouts.

[smithie6] 24/6/2021 09:33

unemployment
in the UK it might reduce a little due to some low paid European workers returning home, leaving job vacancies to be filled (many jobs in unpopular/undesirable sectors, badly paid jobs in agriculture, services/catering & factories)

------

printing money seems the most popular Govt. action but I'm not sure that it can go on for ever, although Japan shows that it can happen but imo with a good result; & Venezuela, Argentina, Columbia are example of what can happen if print too much new money, it loses value & no one wants it !

With the money printing environment real assets such as homes look to have a safe short/medium term future.

[peaky00] 24/6/2021 00:08

Amigo set up push to 25p

[opaldouglas] 23/6/2021 19:53

I think most main stream commentators use 2 quarters of negative growth which helps even the curve, i.e, you can have a terrible q1 and then 0.1% growth in q2 and the media can't start screaming recession. My main takeaway is unemployment levels have to come down, i.e people need an income to spend otherwise growth stalls.

I've been in the US for the last few months and theres uproar about stimulus cheques and the fact people just simply don't want to work whilst they're being paid to stay at home. Hence lots of service sector jobs are now being forced to actually pay a living wage, shock horror in the US! But what happens when stimulus cheques run out into the fall, those in the lower paid spectrum will be forced to credit. A plus for the likes of MCL, but still a bad situation for some in society.

So Covid bounce to one side, what has actually changed? Price of goods have gone up, wages are increasing, rates look likely to go up in 2023 (cough cough 2022, wait for Jackson's hole meeting), fundamental drivers for growth still appear weak in the medium term and I'm yet to really see any real meaningful infrastructure spend come out. I think in the medium term we revert back to a pre covid low growth economy and stagflation seems likely with a recession baked in the cake. Unless governments continue to print money, let's be honest it's worked for the last ten plus years so expect that'll be the answer.

OD

[smithie6] 23/6/2021 16:59

close down society & events & holidays for 1 1/3 years due to Covid

it will be natural for people to want to live a bit after things are re-opened
& some ppl might borrow to help achieve that. My guess is that there will be an increase in HCC borrowing wrt the 5 year average & a big increase verus during the Covid crisis (why borrow during Covid when you couldn't spend it to go on holiday, go to discos; while sure some ppl phps borrowed to pay gas/water bills).

[smithie6] 23/6/2021 16:54

but if growth is high for the rest of 2021 in the UK
with hotels, pubs, restaurants, tourist venues, discos opening

then if growth is medium in H1 2022 can that be called a recession just because its medium growth & not high growth ?

The hotels etc re-opening is a one off, producing a jump in the reported UK GDP, it can't happen repeatedly.

[opaldouglas] 23/6/2021 15:37

Smithie6 - I still think the wider investment community isn't pricing in the real growth drivers here and hence it may well be a wait and see approach as recovery continues.

My base case is a return to FY Feb 2020 for HCC which is kicking off circa £21m profits, the real difference is all the main players are falling by the wayside which is a huge growth kicker, particularly as the worst of covid now seems to be behind us. Add in the end/reduction to furlough and higher inflation expectations (which are already here, transitory or not..) and it's going to be tough out there which will obviously benefit MCL. Oh, and finally no digital noose around Morse's neck which will finally start to deliver meaningful profitability next year. Sorry, this sounds preachy which isn't my intention!

One to thing that I don't think the market is really pricing in next year is a possible recession, with growth rates rebounding at such strong levels how on earth can this be sustained in the medium term. Anyway, I digress! Good luck all.

[smithie6] 23/6/2021 12:02

although the price has fallen back a bit this morning after yesterday's notable rise the up trend is very clear on the chart

& the increase in clients & doubling of the loan book can surely only mean a big increase in profitability & hence that the share price will rise more in coming days/weeks; but yes, some share sales have to be absorbed, from ppl banking some profit while still holding the rest of their shares.

[opaldouglas] 23/6/2021 00:24

All looking very nice as MCL continue recovery, perhaps digital might even contribute to profitability this year (I'm jesting.. or am I!?!).

OD

[peaky00] 22/6/2021 23:44

Amgo looks ready for rocket

[clocktower] 22/6/2021 13:41

I am just taking a brief look but at first sight I guess it could soon recover to reach former highs before very long.

[blueball] 22/6/2021 10:52

Time to buy more on that upbeat trading update.

[smithie6] 22/6/2021 10:35

"Customer numbers in the digital division for short-term and long-term lending products have increased by 40%, with total loan book balances increasing by 99% relative to the FY21 year-end position. "

customers numbers +40%
loan book +99%

imo the rise in share price (7-10%) doesn't reflect these numbers, more to come imo

[bostik17] 22/6/2021 07:19

Just the message and performance we wanted to see

[blueball] 22/6/2021 07:01

Trading update.

[peaky00] 20/6/2021 11:52

Amgo has a spike left in it upon SoA news.

[peaky00] 19/6/2021 01:05

Amgo looking hot again.....

[smithie6] 18/6/2021 15:37

2p divi

ooh, nice, forgot about that !!

[ultimatewarrior] 18/6/2021 09:12

next weeks trading statement could be the catalyst yump

only two weeks till 2p divi too :-)))))

[yump] 18/6/2021 09:08

There’s some charting theory that if it doesn’t revisit previous resistance (80p area) after a range breakout, then there’ll be another leg up.