Mothercare Share Discussion Threads

[jimmyloser] 23/9/2023 18:08

Also a feature in The Times which was better.Both focussed on an imminent refinance.I class myself as a sizeable holder here and feel strongly that recovery is on the cards with a string a upbeat news items coming.Great Chairman and I agree this looks heading for sale.Great British Heritage Brand indeed!

[applied1] 23/9/2023 17:26

Jimmy ,what did it say please

[jimmyloser] 23/9/2023 13:03

Featured in the mail today

[applied1] 22/9/2023 13:16

Clive while just bought more for his pension pot ,he's setting this up to be sold off I reckon.

[dead duck resources] 22/9/2023 12:37

"our sales and profits grew in 2023 showing the strength of our business"

A nice try from the directors to disguise the weak growth by calling it 'strong'

H1 23 (25 wks): £156.8M
H2 23 (27 wks): £140.3M
H1 24 (25 wks): £132.5M

[applied1] 22/9/2023 10:10

Well the biggest holder to loose the most here if it go's is the chairman himself with all he has in his pension pot !

[pgh3] 22/9/2023 10:06

My Views on MTC and the management (from a trading partner) are well documented on this thread, so I don't need to say anymore on this.

For full disclosure I don't own shares pr trade MTC.

I will say in their weak defence that its a tough trading period for most retailers worldwide & obviously the Russian embargo has not helped.

[dead duck resources] 22/9/2023 09:20

There's also a 1% repayment fee at the end of the loan so all-in I believe it's 20.2%

Highlights
The Company has moved from a net asset position to a net liability.

The directors expect to breach the covenants in the current period.

[kingston78] 21/9/2023 10:15

Turnover is vanity. Profit is sanity.

[applied1] 21/9/2023 09:47

Bloody he'll,Market cap now just 22 mill !!

[applied1] 19/9/2023 12:29

Market cap just 25 mill for a company turning over 385 mill !!

[jimmyloser] 18/9/2023 21:18

This board is infested with flaky shareholders. Wait until they release results and the updates on the various strategic initiatives and the post.Apologies just the mood I am in.Not much longer to wait!impo

[applied1] 18/9/2023 18:55

Is this now finished?

[applied1] 15/9/2023 11:14

This is a real shame if it go's bust .The promises of new territories,a new CO etc.One thing CLive Whilly chairman stands to loose a fortune hear aswel.

[weaverbeever] 15/9/2023 10:53

I've given up here. Might jump on news. Might go bust. I don't know . Sold sold out to preserve the small amount left and have bough CARD ahead of results. I must get better at using stop loss in future. And stop chasing falling knives. Anyway. Anyone still here. Good luck. Hope it comes well.

[applied1] 12/9/2023 12:21

Looks like they don't anyone buying or selling this .

[weaverbeever] 12/9/2023 11:40

26% spread right now.

[applied1] 12/9/2023 07:47

Porky9 ,great post and exact ,this needs tweaking and could a "target "like so many others .

[porky9] 11/9/2023 23:38

This is just such a shame, needs some direction from the top, a new ceo with ideas to expand, they have the framework and doing a lot right but the liabilites are a real strangle hold on the business.

£28m mcap on a business with established worldwide sales of £322m... you couldn't make it up.

As i see it, not just the debt with interest rates going up, but look at those historic pension costs, bloody obscene. What were they thinking??? come and work at M&S and we will give you a gold plated pension but don't worry about how we will pay for it will bank that problem for the next generation of investors...

Lets just be real, rather than continue these liabilities you would just close it down put the bloody lot into administration and just buy out from the liquidation the viable bits.

Not sure what the answer is, if i thought a financial restructure alone would do it i would probably have a punt here but M&G reducing to 11.4% has kind of spooked me, are they looking to offload the lot now?

Keeping on my watch list for now, appointing a new quality CEO would be a great start, this will just drift IMO with the current management and if M&G are looking to offload if volumes increase they will destroy any possible recovery as i see it

[jimmyloser] 11/9/2023 21:20

I am not buying because I expect them to disappoint!Impo etc