Moss Bros Share Discussion Threads

[banjomick] 10/7/2009 07:52

"so I have edited my post"-Nothing new there then,riggers.

[janekane] 10/7/2009 07:26

We have heard this before
No Intention to Make Offer for Moss Bros




RNS Number : 0860J
Warbeck Holding Company Ltd
27 November 2008


Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do the same would constitute
a violation of the relevant laws of such jurisdiction


27 November 2008
Warbeck Holding Company Limited ("Warbeck")
No Intention to Make an Offer for Moss Bros Group Plc ("Moss Bros")

On 12 November 2008 Warbeck announced that it had acquired a 28 per cent. stake in Moss Bros and was considering its alternatives in
relation to Moss Bros, including the possibility of making an offer for the company.
Following consideration of its position, Warbeck confirms it has no current intention to make an offer for Moss Bros.

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

[janekane] 10/7/2009 07:19

baugur was trying to buy these out last year if they are being liquidated then we have a new bidder in the room so I have edited my post

[sipp_2005] 10/7/2009 01:11

Baugur ?

Unlikely Janekane/davidrigsby/haseem masood. Good research there



They seem to be in the process of being liquidated by the Icelandic Courts but please don't let that get in the way of a good ramp.

[janekane] 09/7/2009 20:58

Some one taking a position, this is very good news baugur group tried to buy them out last year
Credit agricole had 7634299 shares has a bidder bought these and another 7631299
from another party

The 'C' column will contain a 'C' if there are any bargain conditions on the trade. The particular bargain condition for each trade is not reported by the Exchange.


We should get an rns in the morning 42p here we come
Jane

[janekane] 09/7/2009 19:53

Some one taking a position, this is very good news Baugur group tried to take these over last year
Credit agricole had 7634299 shares has another bidder bought these and another 7631299
from another party
should get an rns in the morning 42p here we come

[gconvery] 09/7/2009 17:17

What's with those 2 massive trades at the end???

[nestor makhno] 09/7/2009 11:43

BTW have any of you looked in one of their stores lately?

[nestor makhno] 09/7/2009 11:42

Is this the David Rigsby ramping thread?

If Rigsby the great Woolworths investor and Jackanory trader is "in here" with one of his virtual trades - it is doomed

[incorrigible] 09/7/2009 11:30

yup lookin' good

[davidrigby] 09/7/2009 11:20

yes its looking good

[janekane] 08/7/2009 13:11

very good CR

[cockneyrebel] 08/7/2009 10:11

Looking good today :-)

CR

[janekane] 07/7/2009 21:17

gconvery - 7 Jul'09 - 15:16 - 405 of 407

Welcome to the club we will be joined by many other very savvy investors as this little Gem gets recognition

Very soon is my opinion

[incorrigible] 07/7/2009 16:46

or hire one...

[gconvery] 07/7/2009 16:40

Here's a thought: you've just been made redundant and you need to get another job - what is the first thing you do? Yep, buy a new suit for the interviews!

[gconvery] 07/7/2009 15:16

looks like this is strengthening...I'm in for some

[cockneyrebel] 04/7/2009 20:41

I'm getting more and more interested in Moss Bros.

Moss Bros has struggled for some time now and has always looked like it needed to get new management in.

In September Simon Berwin bought 35% of the company from Warbek, Philip Green's investment vehicle, Simon Berwin is the owner of Berwin & Berwin, one of the countries biggest suit makers. Withing 3 months the old CEO was out.

The previous CEO Philip Mountford went in Jan. He'd been there since Feb 04 but having inherited a business whose shares were rocketing, in 6 months they peaked at 130p only to mount a continuous decline down to 10p in March.

By March Moss Bros appointed Brian Brick as the new CEO. Brian Brick started Suits You and sold it out to Gresham in in 05, staying as a non exec until October 07. Brick and Berwin both know each other well and I cannot believe that Brick hasn't taken over the helm without the request of Berwin - they look a formidable partnership - together they seem to have experience in suits greater than anyone.

The consensus forecasts suggests a loss of 7p eps this year. They made 1.9p eps last year in H1 and in the recent trading update said gross profit was 1.4% behind the same period last year. On that basis I think they are still set to make a profit in H1. They lost 9.8p for the year last year but from the sound of the new CEO they are getting to grip with increasing margins and I'm sure it's not long till he gets sales growing too.

The shares have doubled to 20p since he took over. The new Chairman and CEO each bought 50K @ 17p recently, a non exec bought 111K @ 18p.Resently Simon Berwin became a non-exec and Debbie Hewitt, formerly of M&S also joined as a non-exec. That all sort of sounds like good things happening to me.

Aside from all of that they have cash of about £8m and average daily cash has been around £6m - total net assets look well over the £19m mkt cap.

Starting to look like the old is out, the new is in and at last these can start to recover under new management that is extremely experienced imo.


CR

[janekane] 04/7/2009 17:33

this has been a superb 3 months a 50% increase