Mothercare Share Discussion Threads

[fenners66] 09/7/2018 08:44

No one made a comment about MTC since 4-6-18 ?

[fenners66] 04/6/2018 13:57

Last set of accounts filed for CW March 2017 said they were dormant and their Balance sheet had £63.7m of inter-co debtors.
No liabilities and surprisingly still had cumulative losses of £5.5m.

However despite not trading and not having any other assets on the balance sheet it says they hold beneficial interests in a number of property leases.

Seems like another almighty screw up to me.

I guess somewhere in the last year they decided to start using this company again to manoeuvre property leases.
If so you would be forgiven to think that this has then become an integral part of the CVA.

And they cannot get that right !

You watch the reaction ...... sack the person responsible , pay them off , and re-hire them next month......

[csmwssk12hu] 04/6/2018 13:02

How incompetent if they can't add up votes at a meeting and take days to realise they are wrong what else are they getting wrong (besides the way the business is run)

[chinese investor] 04/6/2018 12:45

Good luck to existing shareholders...you'll need it !

[typo56] 03/6/2018 14:13

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.

[discodave4] 03/6/2018 10:01

Good morning Mr T,Nice to see you are still hanging on in here (and losing) and posting up complete garbage as always.Let's see where this is in a year or so..........down the potty that's where.Still waiting for you to post up your other holdings so can make some more money out of you!.All the best.DD

[dealy] 03/6/2018 08:09

I assume that there will be substantial demand to buy at 19p and limited availability. I would say the floor is 26p

[traderpawel] 02/6/2018 19:30

Thank you
Just wondering why doesnt everyone sell then to rebuy at 19p?

[loganair] 02/6/2018 19:20

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.

[traderpawel] 02/6/2018 18:48

If placing is to be done at 19p does it mean share price has to fall to 19?
If so, what is the point of holding now if it ia going to fall?
Can someone correct me please

[dealy] 02/6/2018 08:16

Any thoughts on the structure of the placing? Doesn't sound like a Rights issue.

[typo56] 01/6/2018 14:32

RNS confirms they'll try to get the placing and open offer away at 19p with getting on for 50% dilution of the existing shares.

Being an open offer you'll probably have to hold ahead of the fund raising statement in order to qualify, and the entitlement won't be tradeable, which means you need to take them up or take a hit (unlike a rights issue).

[walbrock82] 25/5/2018 07:02

Thanks for your thoughts and feedback Terminated

[terminated] 22/5/2018 09:44

I might also add that the massive incresse in share price will result in much less dilution during the rights issue.

[terminated] 22/5/2018 09:42

If getting rid of all the underperforming stores means they just broke even then the franchises would bring in 17m-20m profit alone. But in reality all the stores they keep should be profit making. Add to that the 8m in supposed cost savings and reduced rent and who knows what a full year profit could deliver (10m seems very low). Add to that the ability to close stores without incurrings costs for the next few years. It's hard to value this under the present situation.