Moss Bros Share Discussion Threads

[rainmaker] 19/12/2008 21:05

Mmmmmmmmmm. The non executive director who resigned yesterday, Don McCarthy is Chairman of House of Fraser but is also one of the UK'S richest men having sold his Rubicon Shoes and Fashion Business for £353mln in 2006

regards

[davidrigby] 19/12/2008 19:45

bid on the way

[rainmaker] 06/12/2008 16:59

Either someone steps in and bids or if I'm wrong then expect a 1 for 1 rights issue at 10p

regards

[davidrigby] 06/12/2008 09:34

Rainmaker
Yes they produce large amounts of clothing for the retail trade and lots for the rental trade
they have no debt
get this recession out of the way and we will go back to a reasonable SP
I do however think my statement about bouncing back over the next few months a little on the optimistic side
but I'm quite happy to sit on my holding
you have summed up my reasons for holding very well in post 346

good luck

[rainmaker] 04/12/2008 19:22

Anyone care to comment?

regards

[rainmaker] 03/12/2008 23:52

Sorry David,I hold my hands up- an honest mistake though I should have looked at the overall volume.I agree with your prognosis although in the interest of balance they announced a profits warning a few days ago-sales are down 5.2% and Brokers Altium say they may lose £5mln in the current year.

However I'm going to point out something rather obvious yet at the same time profound and I hope everyone agrees that it's a point well worth making. There are two people, one a Billionaire and the other a multi millionnaire. Both have independently bought substantial stakes at at least TWICE the current share price within the LAST MONTH. They are undoubtly very rich and the vast majority of the Investing Public are at least comparatively speaking,very poor.Why are they prepared to pay twice the current share?

regards

[davidrigby] 03/12/2008 17:57

Rainmaker - 3 Dec'08 - 01:24 - 344 of 344
easy to do with these volatile market conditions could you have been looking at the plus market trades!
rainmaker I think we will see a rise back to 25p-30p from present levels over the next few months
and am holding and adding as and when funds allow

goodluck

[rainmaker] 03/12/2008 01:24

Apologies, I saw or least thought I saw trades of 500k and 700k. I have double checked and can find no trace of them

regards

[davidrigby] 02/12/2008 19:23

Rainmaker - 2 Dec'08 - 00:37 - 342 of 342
Some big trades late this afternoon-there were two trades equating to 1.25% of the shares issued.



1.25% of shares issued how do you arrive at that ????

can you explain your mathematics's as there was a total of 522500 shares traded today sells and buys


and there are 94.38million shares in issue

Thats about 0.56%

[rainmaker] 02/12/2008 00:37

Some big trades late this afternoon-there were two trades equating to 1.25% of the shares issued. Perhaps Laura Ashley are increasing their stake or maybe there is a new Buyer.Hopefully we will find out soon. It's interesting to note that the share price understandably comes under pressure with the announcement of the profits warning today(sales down 5.2% isn't a bad performance, I feel) yet recovers later.

regards

[rainmaker] 01/12/2008 13:51

12/13p a share here we come again but IMHO another great buying opportunity. I feel it's a win/win situation-if there isn't is a bid, IMHO MOSB will be trading at 60/70p a share in 2/3 years time under more typical market conditions/earnings. Somehow I don't believe/very much doubt they will keep their independence for that long

regards

[chesty1] 01/12/2008 12:28

And now a profit warning.

[rainmaker] 30/11/2008 13:26

I hear the founding families want 40p a share. IMHO they are key to a successful bid.


regards

[rainmaker] 28/11/2008 22:53

I suppose Simon Berwin is trying to protect his Business as the largest Supplier of Suits etc to High Street Retailers. They supply Next, PG, Moss Bros etc. If the Company falls into the wrong hands they they risk losing this Business-remember Moss Bros are the number suited brands retailer in the UK. He talks about bringing stability to the business.He also knows that he will make a lot of money from this stake, however I don't think this is primary motive-this is the Man who stuck with British Manufacturing long after everyone else had gone abroad before he was eventually forced to follow suit(!sorry)

I suspect there will be a few more twists and turns in this takeover saga and there are more suitors waiting in the wings yet to reveal themselves . However one thing I'm sure of is that this Business is worth substantially more than the current market capitalisation.Approx a year ago Baugur were willing to pay 42p a share until Laura Ashley scuppered their plans. Even that undervalued the business. Brand such as Hugo Boss as worth a great deal of money. The Gee Family family apparently own 22% and I have read they are willing sellers but at the right price

regards

[chesty1] 28/11/2008 17:42

29.99% how very convenient.....

[bubbleandleek] 28/11/2008 16:54

SIMON BERWIN SAYS HE OWNS 29.99% OF MOSS BROS!!! who takes their stake to 29.99% with no intention whatsoever of making a bid for the company......!!!!??? these will be bid for in the next couple of weeks....IMO

[rainmaker] 28/11/2008 14:35

I think the stake was sold in late trading yesterday at 16/17-there was a 500K block sold

regards

[godolphin] 28/11/2008 14:00

And Berwin is sitting on a massive loss. Not just on the Green stake but the 3.5m unreported shares sold. I wonder if that 3.5m were sold before or after Green announced he wasn't bidding.

[mali7] 28/11/2008 13:57

So Philip Green makes £1.2M in this current economic climate within very short period of time. Just shows those with money and power will continue to make big sums, while middle class keep strugling and lose there share value.

[rainmaker] 28/11/2008 13:32

An excellent point, godolphin. Should still go a long way north though as there are bound to be other interested Parties


regards

[godolphin] 28/11/2008 13:20

So, how did the city know he hadn't gone above 30%. He sold the shares with no rns. Wish I'd gone to work today now. lol.

[rainmaker] 28/11/2008 13:15

Not a shame about Moss Bros as Phil Green has offloaded his stake to Simon Berwin(he of Berwin & Berwin, suppliers to Moss Bros, Phil Green etc) and a consortium of Investors for which they paid 28.85p per share . However be careful this does NOT take them over 30% and trigger an automatic bid as erroneously reporteed by the Times Online and others since Berwin has sold his family stake to take his holding to just under 30%. Should still rise from current levels though.

regards

[bletherer] 28/11/2008 13:13

Hmm, since the Drapers piece has quotes in it I think we will have to take that as the more reliable version, unfortunately. Still, the price they were prepared to pay for the shares is quite reassuring - we don't have to worry now about any overhang from Green dumping his holding and "have no plans" does nothing to rule out a bid at some later point.

[godolphin] 28/11/2008 13:12

Oh well. Seemed a good idea.