Moss Bros Share Discussion Threads

[cambium] 26/3/2009 16:45

A Bit of a Yazz moment coming up

[empirestate] 26/3/2009 16:38

£8m cash £10m cap looks like an share price rerate on way

[davidrigby] 26/3/2009 08:49

That is a good set of results the way forward now will be a bid

[incorrigible] 24/3/2009 16:52

why the drop?

[incorrigible] 19/3/2009 06:37

any sig to this:

Change in Shareholding (Moss Bros)



TIDMMOSB

RNS Number : 0459P
Moss Bros Group PLC
18 March 2009




On Tuesday 17 March 2009, Moss Bros Group Plc ("the Company) received a TR-1
notification of Major Interests in Shares from Credit Agricole Cheuvreux
International Limited advising that as at 12 March 2009 Credit Agricole
Cheuvruex International Limited held an interest in 7,634,299 ordinary shares of
5 pence each ("the Shares") of the Company which represents 8.08% of the issued
ordinary share capital of the Company.


This information is provided by RNS
The company news service from the London Stock Exchange
END

[davidrigby] 12/3/2009 16:37

some one has decided not to steer clear with @ 940000 buy 10.75p

[bondparty] 14/2/2009 10:08

ok - i'll steer clear then

[westcoastrich] 14/2/2009 09:58

profit warning coming i reckon

how much did they pay the CEO to FO

[bondparty] 14/2/2009 09:54

wonder why this is so cheap - balance sheet looks ok, Altium has a buy rating, possible bid interest; nope - can't see what's wrong here

[rainmaker] 13/2/2009 12:48

Now 11.5p/12.5p very little volume and it's difficult to know exactly what is happening, maybe or rumours of a 1 for 1 rights issue at 10p?SP seems to have collapsed on 40k sales unless there is a large sale with delayed reporting

regards

[rainmaker] 13/2/2009 10:45

I wish I knew

regards

[bonzo1] 13/2/2009 09:57

time to buy at 15p?

[rainmaker] 12/2/2009 01:47

I see what you're saying but what about continuity and stability in the business in this difficult time? Why hadn't they got his replacement ready before they fired the Chief Exec. This has all the signs of a make shift appointment to tread water until the long term ownership of the business is decided. With all the contacts in the Industry, don't you think the Board could have lined up a new CEO before getting rid of the old one? I feel the Board believe the Ownership of this business will be decided in the next few months.

regards

[davidrigby] 05/2/2009 17:15

rainmaker
they have mentioned there endevours to replace this director see below

l look forward to
working with him in his new role as interim Chief Executive whilst candidates
for the permanent office of Chief Executive are considered. "

[rainmaker] 05/2/2009 00:38

Chief Exec leaves by mutual consent and his Deputy takes temporary charge-looks like the Board are expecting a change of Ownership otherwise why haven't they got his permanent replacement ready?Hmmmmmmmmmm

regards

[davidrigby] 03/2/2009 08:50

100000 buy yesterday and now 75000 buy today with a 1p rise, looking good

[rainmaker] 29/1/2009 01:09

Some weighty buys today

regards

[davidrigby] 12/1/2009 13:57

up 5% today looks like I'm going to make a few bob here

[rainmaker] 24/12/2008 17:32

Thanks David- Seasons Greetings and best wishes for a successful year's trading in 2009


regards

[davidrigby] 24/12/2008 17:24

Rainmaker

As usual for you another well put together post have a very nice Christmas

Toodle pip

[rainmaker] 22/12/2008 19:29

I'm not sure if it's rules or etiquette but a non executive would not remain on the board and launch a bid I suppose it's tantamount to treason-you're being paid by a Company and you then bid for that Company.It's not Cricket as they say. I've thought for some time that Don McCarthy might be interested in Moss Bros-this is an esteemed Company in retailing with a 150 year history and he will know better than anyone else that it's going cheap. However others may see him stepping down as a natural consequence of Baugur disposing of their 28% stake as he was a 3% shareholder. Time will tell. This is informed speculation on my behalf.

regards

[davidrigby] 22/12/2008 19:08

Is that a condition of the buying process,not have a directors position

[rainmaker] 21/12/2008 17:52

Berwin, 29% shareholder has already said that he has no interest in buying the whole Company rather he wants to bring stability in these turbulant times.He owns the Company that supplies suits to Moss Bros, Next, M&S etc.

Don McCarthy is an unknown quantity-He certainly has the financial firepower to buy them and he certainly knows the Company well( he was a non executive director until very recently) and knows the Industry well (he sold his Rubicon Clothing and Footwear for £353mln a couple of years ago). But does he want Moss Bros?Well if he is planning to bid for the Company he will have resigned as a non executive director-which he did last week.

regards

[davidrigby] 21/12/2008 17:16

they have no debt and for some one to pay 29p in this climate he must have done his homework,
I think he will eventually buy all off the company

[rainmaker] 19/12/2008 23:18

A 40p a share bid would cost approx £40 mln but when you look at Moss Bros pre tax profits at the height of the business cycle,2005 and 2006, they averaged £6mln a year- cheap.

Simon Berwin paid nearly 29p a share for his near 30% for a loss making business whose liquidation value of approx one third of that value whose cash holding could be virtually nil by the year end-Broker Altrium believe they will try to contain losses below below £5mln of the last reported £8mln figure. In retailing things are predicted to get worse in 2009 and IMHO Moss Bros will almost certainly need a rights issue.So I feel it is reasonable to ask why? There are lots of unanswered questions here that may shortly be answered

regards