Mothercare Share Discussion Threads

[pgh3] 15/5/2023 17:20

Hi Clocktower,

Briefly as I’m about to go to the football (happy to go into more depth tomorrow).

1. I’m based in the uk & ltd company & product manufactured in China

2. Supply uk (small) & overseas MC franchises

3. yes - uk high street & supermarkets

4. Retail sales are generally depressed uk & worldwide

5. Yes

6. Approx 10%

Hope that helps

[jimmyloser] 15/5/2023 15:56

I think you now can see that line in the sand!

[terminator101] 15/5/2023 10:40

Ah the mythical "bounce". Except the dead cat has already splodged head first.

[glavey] 13/5/2023 00:20

Rumour has it that they are proposing a change of name to something a little more edgy. Mammadon'tcare.

[applied1] 12/5/2023 21:59

T101 ,me being a nice person and not wanting to offend you,why are you suddenly here ,if unhappy leave the thread .

[jimmyloser] 12/5/2023 21:50

Lots of small fry banter today. Bait being cast by fun seekers and taken by fish that should know better! impo.They know what the remedy is, the so called bounce won't materialise until we see evidence of them delivering it.Impo

[terminator101] 12/5/2023 20:28

It might bounce, but only when it hits 1p 😉

[clocktower] 12/5/2023 16:51

T101 - Yes not pleasant is it, unless your short or hedged your bets. Have a good weekend one and all.

Wait for the bounce T101.

[gepetto100] 12/5/2023 16:29

Who knows now

[blueball] 12/5/2023 15:39

Where is the line in the sand.

[terminator101] 12/5/2023 15:35

Here's an actual fact clocktower......This pile of pish is down 20% today

[clocktower] 12/5/2023 11:36

It will not be in the Pension trustees interest to see this go to the wall, and they will come to an arrangement and the sooner the company does another raise to get rid of the loans the better.

DYOR

[mrsimmons] 12/5/2023 10:31

any cash they do make after the ridiculous interest costs will be eaten up by the trustees for the pension. This will simply never generate enough cash to return anything to the holders. They are at the bottom of the pile after the banks, taxman directors, employees and pension trustees. It's a shame but its obvious.

I wouldn't post MNJ share transactions on here. He has lost an absolute fortune on this. I remember when he was CEO telling everyone to buy at 90p. LOL. He was also at the helm when they raised that £100m rights money and completely wasted it on ERPs, UK store refurbs and a head office refurb. It was a ridiculous waste of cash and Shareholders have never really recovered from that. How he is still a NED I do not know.

[z1co] 12/5/2023 07:53

clocktower 12 May '23 - 07:45 - 203 of 203(premium)
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MTC - is now like this Z - On hold in a little pot of wait and see - you might call them dogs. :-)

You were talking to yourself here, so I thought I would pop in and update myself on my old small punt.

clock keeps trolling me like a DOG

[z1co] 12/5/2023 07:49

clocktower 12 May '23 - 07:00 - 201 of 202(premium)
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Re-hashing old news does nothing, fresh company updates are what is required if there is to be any sign of recovery.


Stop trolling me.

MTC has issued a profit warning and yet you continue to post sh#te on the thread.

Don't lecture me about what i should post on my thread

You're a pathetic dog just like this share.

[terminator101] 11/5/2023 00:01

The real question you should be asking is why Mar No SOlD nearly 1 m shares at 7p. What did he know huh. Placing coming. I know this because the company said so. Only question is how big the discount. Additionally we are looking at various financing alternatives (including equity and equity linked structures) to give us both additional flexibility and reduced cash financing costs.

[applied1] 10/5/2023 18:59

Terminator,I am a novice here holding a small amount ,why did the new CEO buy 50 ks worth recently @ .0877p and now he's going to loose it all,just don't understand or get it .

[terminator101] 10/5/2023 17:59

It's all go here huh. Lack of volume in this loss making drivel = total lack of bid support. It's going to collapse like a house of cards imo.

[mrsimmons] 08/5/2023 11:19

The pension deficit kills this I’m afraid. When you look at the schedule of payments - they will need to renegotiate them with the trustees. Whatever spare cash they make will be eaten up by the pension deficit. This is going to be a long hard road for
investors.

[fenners66] 06/5/2023 19:33

clocktower - without additional liquidity how do you think the business refinances the loan?

Just approach the banker that holds the deal at 18.2% interest loan and ask them to reduce it?
That's before the next interest rise which since they are blaming "recent " changes one assumes that means its going up.

The loan is Fully Drawn and their cash shrunk by £2.4m in the year - before the impact of the higher interest rates (compounds on higher balance as well).

So if they can find a lower rate loan from elsewhere new lenders will want £m's in arrangement fees and due diligence etc etc. build in some headroom otherwise stricter covenant tests on lower rate might kick in...

Or
they just issue £19m worth of new equity ? At a discount to the current share price that would be >50% of the current shares so massive dilution , do they have the appetite ?


Going back to the "Adjusted" EBITDA what exactly does that mean?
What are the adjustments?
Take them out will there be any Earnings?

Already we know half of even the "adjusted" figure goes in interest.

Then there's the cash they are going to need for pension contributions despite trying to spread the payments over forever...they say £4m next year and £7m the year after so the net debt figure is not lying they are bleeding cash and asking bankers to reduce the interest rate , what a surprise

[terminator101] 06/5/2023 18:24

“Longer term investment” = a trader that got it completely wrong.

Seems you have a knack for trying to persuade people that overvalued fluff run by overpaid executives is a great “investment221; huh.

[clocktower] 05/5/2023 11:00

Well put jimmyloser, and that is where I will also leave it for now as well, or until the next news at least.

One either sells or sits on these as a longer term investment now - take your pick I am holding as there is also the possibility of a take over because the brand value and franchise value is a lot more than the net debt and the current valuation, and in addition it is important to note that "for the avoidance of doubt the Group does not require (and is not seeking through this refinancing) additional liquidity" plus the adjusted EBITDA of GBP6.5 to GBP7 million for FY23, is ahead of analysts' expectations.

One has to accept that some posters have different views and also an agenda.

So I will follow with interest and see if my current losses are narrowed or increased over a period of time by holding onto MTC and buying more at some future point if no bid comes sooner.

Each to their own. Enjoy the holidays and the rest of the summer weather in the UK.