Mothercare Dividends - MTC

Mothercare Dividends - MTC

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Mothercare Plc MTC London Ordinary Share GB0009067447 ORD 1P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
0.18 2.0% 9.20 8.20 9.12 8.46 9.02 16:35:19
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Industry Sector

Mothercare MTC Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

fenners66: dealy has been saying on here for years that the company had great prospects , was worth much more than the share price , each "rescue deal" was the bottom and the only way is up. But after every rescue attempt it gets worse and the share price falls again. dealy and his optimism is the kiss of death... he argued positively for CLLN and INV et al. I'm sure his strategy is buy up all of the near death companies in the hope that one will pull through and pay for all the rest of the losses. But a little due diligence might have saved most of the losses..... A greater chance of a winning strategy would be to short everything he goes long on .... what would that be 90% winners ?
fenners66: >dealy 13 Sep '18 - 11:30 - 206 of 208 "debt reduced to almost zero, cost base pruned, less competition due to bankruptcies. Future promising" Clearly more deluded rantings - look at results and share price reaction....
dealy: it's also possible that a large holder exited and once things settle down the share price will stabalise. The heavy lifting has been done this year
fenners66: Looking at yesterdays volume compared to recently and that share price fall - it suggests bad news on the way.
fenners66: But of course there is a reason why these things are not spelt out - they hope (and I guess to some extent are correct) that the share price is driven by headlines rather than hard detail. So you say you are going to get £10m - makes a good headline and leaves it to any analyst to try and get answers , and if they don't get answers do they get as much publicity as the original headline ? So you end up with (say) retail investors buying shares because of the headlines - whilst perhaps the more considered views of professionals are still looking for answers. I confess with some shares (companies I "trust" ) I do just read the first few pages of RNS's ......
typo56: traderpawel, if the share price were to fall to 19p before the fund raising, why would anyone want to buy the new shares? This will be a placing plus open offer. The open offer is a token gesture to placate existing holders who will moan about dilution. Unlike a rights issue, the open offer entitlement won't be tradeable and you'll get nothing if you let them lapse. Again unlike a rights issue, the ex-entitlement date will probably be the day the fund raising details are announced, meaning you'll have to be holding shares ahead of the announcement in order to qualify for the open offer.
loganair: It just means that the new shares are being issued at a discount to the current share price. Often the greater the discount means that the less the shares are wanted because the more the company is in financial difficulties with challenging times ahead and the more the likely hood that the current share price will fall.
mightymonty: any thoughts on the possibility of Griffiths selling his Petrofac holding (c.£47m current value) and making an all-out takeover approach for MTC (current mkt cap c.£29m)? Given he holds 15.5% of MTC already (c.£4.5m value), he'd basically be able to bid double the current MTC share price and pay for the company in full from the Petrofac proceeds...
jaknife: dealy, You'd need to convince me of that argument with some analysis. The bear case goes: The business has been in decline for a number of years (revenue down from £813m in 2012 to £667 last year). Profits are low and cash flow is poor, as illustrated by the build up in the net debt position, which now stands at £50m (a high point in MTC's recent history). Forecast profits and forecast cash flow are also poor. The debt is an issue and banks are not charities. On the face of it MTC cannot repay the debt and it also faces a pension deficit. The company really needs to raise fresh equity. The last time that MTC raised funds was September 2014 when it had a 9 for 10 rights issue to raise £100m at 125p. All that money has gone and you would have to assume that there's limited appetite to throw good money after bad again from the institutions. Option 1 ---------- A debt for equity swap where the bank swaps its debt for a material percentage of the equity. Let's say bank swaps £50m of debt for 75% of the equity. But MTC would still need to raise more cash to fund the business and there's still a £70m pension fund deficit to worry about. Why would a bank agree to do that? Banks don't want equity, they want debt so who do they then sell their equity to? A bank would prefer to simply get its money back and so would prefer a rights issue or placing. But it might do this if option 1 gives a better return than option 2 or 3 ... Option 2 ---------- To clear the debt AND make decent contribution to the pension fund would need at least £100m again (leaving a deficient of say £20m). That would require a 3 for 1 rights issue at the current share price. That just doesn't make sense. It would have to be underwritten and whomever underwrites can expect to probably be left with a big overhang as being asked to quadruple an investment in a losing position is rarely a winning request. Option 3 ---------- A more sensible deal would be pre-pack administration where the good parts of the business are sold, the bad bits are jettisoned and the company gets to walk away from the pension fund at nil cost. None of these options looks pretty for shareholders. But what would you expect, shareholders are no longer in control - this business is being run for "stakeholders" (as the recent RNS makes clear) which is essentially the banks / pension fund. JakNife
fenners66: I am sure , had I come on here lauding dealy as some sort of special situations / recovery guru investor telling of his skill and judgement in spotting and exploiting value - you would have had an entirely different comment for me. CLLN and MTC have several things in common - and I have not done any research on MTC yet. I have a vague passing interest and have read headlines over the years... But , 1, share price has tanked 2, dealy looks like he has put his money in 3, debt rising 4, profits falling Is there a pension deficit here? Have they paid out dividends they could not afford Is their market subject to structural competition? Just got to be careful - I agree - dealy is one person who has shown himself to be careless and refused to listen to reason. Draw your own conclusions - but the parallels are there to be seen - of all the investments on all the worlds markets he starts posting on this one.......
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