Mothercare Share Discussion Threads

[dealy] 09/6/2023 12:37

I remember back in 2014 when these shares fell from around the 500p level to c. 250p and I thought that's an opportunity. Now 5p. UK retail is the absolute pits

[cash2020] 09/6/2023 10:26

Sorry fenners, you were referring to Leicester being relegated during the season that ranieri was sacked. Leicester were not relegated back then. I was just correcting you.

I don’t disagree with you that the board have kicked him out, as I’ve already previously said he was probably useless. He was probably happy to sit on his ar*e taking his fat salary and doing sweet FA for it. Wiley has done well over the last few years if you ask me, I’m happy to have him at the helm.

[fenners66] 09/6/2023 10:14

Take a look at the line up for the Championship next season...
sorry to upset you (if you are a LCFC supporter)

Even the useless Everton team have avoided relegation for ....60 years or more (?)

cash - your opinion based on what you know of MTC - the point I already made is the board know more and they have pushed him...

[cash2020] 09/6/2023 10:04

Incorrect, they were not relegated.

That aside, MTC is in a way better position now than a few years ago. They’ve restructured, weathered the storm of the pandemic and the loss of the Russian arm of the business and yet they still have growth. Global conditions have caused chaos for everyone. Give it time to settle down, I have confidence this will gain traction.

[fenners66] 09/6/2023 09:32

Were not top when they sacked him though
And they still ended up relegated ....

[cash2020] 09/6/2023 08:42

Leicester got rid of Ranieri when he’d just won the league.

[fenners66] 09/6/2023 08:32

jimmyloser - the implication is things are going wrong - things you don't know - so they cut him loose in an attempt to get someone in to fix things.

You don't sack a manager when you are top of the league - but you do when you are in the relegation zone....

[weaverbeever] 09/6/2023 07:08

I think its good that they have been fast to make this decision. Recruitment is a lottery. Best move on fast if its not going to work. Shows good leadership in my opinion. This guy came from a company awash with cash having surfed through the clothes buying and share price frenzy during covid. Very often this leads to ignorance and complacency and a tenancy to over spend.

[jimmyloser] 09/6/2023 06:57

Other than the attention it draws and disruption etc. I personally cannot find anything negative in this mornings statement. Steady as she goes and several lines of possibility regarding debt. I am happy to wait until the end of July.

[gepetto100] 09/6/2023 06:54

Obviously after Abercrombie & Dr Martins he only had European experience and limited Middle Eastern where they see their income markets. Bad choice so they've cut their losses

[applied1] 09/6/2023 06:39

So am I reading this right,he has had 6 months salary ,bought 50 k worth of shares and now he's off,which I had his money ,well at least they are refinancing.

[cash2020] 09/6/2023 06:38

Probably useless so they got rid.

[clocktower] 09/6/2023 06:36

Well that never lasted long, I doubt he could deliver what he was brought in to do. Maybe when he was interviewed for the job he could talk the talk but turned out to be all he could do, there are so many like that these days. Good at blagging but that’s about it.

I think he was expected to have American contacts and negotiating skills, well he will have difficulty getting another job. Dr Martin’s didn’t want him any longer as it became apparent that there business was having difficulties when the numbers surfaced.

Not a good sign as you say. Where it goes from here is questionable and I regret to have to say this but maybe time to cut a run and take losses on the chin.

[fenners66] 09/6/2023 06:19

There's your news - CEO is off.
Board believes they can do better without him...

Never a good sign when a company is already in such a bad way.

[jimmyloser] 09/6/2023 06:18

That has taken me by surprise this morning and no doubt many others.

[clocktower] 05/6/2023 15:19

Time they provided more news about what they are doing to try to reduce those crazy interest payments.

[jimmyloser] 31/5/2023 07:59

There are few shares that I like as much as this one. impo, this has been wrongly trashed and oversold.
Tomorrow is another day!

impo/dyor

[weaverbeever] 30/5/2023 18:07

Nice 17% spread.

[weaverbeever] 25/5/2023 16:07

This share is mental

[terminator101] 25/5/2023 14:42

And clocktower amazing stock picks get flushed again huh.

[scepticalinvestor] 20/5/2023 08:53

Over priced pish. Even Aldi has far better quality and range

[applied1] 20/5/2023 08:50

Would be good to have new franchise deal with the USA

[farrugia] 20/5/2023 06:20

pgh3 with your experience as a suppliers what do you think of WRKS? What about ASOS? Are there any retailers you are upbeat on?