Share Name Share Symbol Market Type Share ISIN Share Description
Mothercare Plc LSE:MTC London Ordinary Share GB0009067447 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.125 0.92% 13.775 63,021 16:35:10
Bid Price Offer Price High Price Low Price Open Price
13.70 13.85 13.80 13.70 13.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 513.80 -66.60 -33.10 47
Last Trade Time Trade Type Trade Size Trade Price Currency
17:43:27 O 1,144 13.735 GBX

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Date Time Title Posts
01/10/201917:52 *** Mothercare ***1,927
29/7/201909:18Mothercare - A New Birth259
01/3/201809:36Mothercare - The Recovery Thread - with Charts1,287
13/3/201711:31Trading Statement Due Out (Q1) - 14/07/20165
13/5/201611:41Mothercare and Bebeland-

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Mothercare (MTC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-17 16:43:2813.741,144157.13O
2019-10-17 14:41:3513.7236750.37O
2019-10-17 14:39:2113.7072999.87AT
2019-10-17 14:21:3513.8010,0001,380.00AT
2019-10-17 14:14:5313.8122,0003,038.38O
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Mothercare (MTC) Top Chat Posts

Mothercare Daily Update: Mothercare Plc is listed in the General Retailers sector of the London Stock Exchange with ticker MTC. The last closing price for Mothercare was 13.65p.
Mothercare Plc has a 4 week average price of 13.45p and a 12 week average price of 13.20p.
The 1 year high share price is 24.60p while the 1 year low share price is currently 13.20p.
There are currently 341,743,770 shares in issue and the average daily traded volume is 216,710 shares. The market capitalisation of Mothercare Plc is £47,075,204.32.
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 ......
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.
rhambo: Well the share price has been very optimistic over the past few days, very curious given what came out in the RNS on Monday. I think any good news is now discounted in the share price and we will see what level of detail goes into tomorrow's announcements. Personally, I think it has been too optimistic and when I look at this rationally, you can't really see anything but some fairly substantial dilution to provide enough breathing space on the debt AND enough to provide investment to grow the company, particularly in the face of a shrinking store estate. In light of the above I would be very surprised if the retail investor does well out of tomorrow's announcements in the short term.
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
yump: That depends whether you are looking at the business or the share price. The financials were recovering until this year with the overseas slowdown and now the recent update with UK consumer sales slowing, which has hit at what you could say is exactly the wrong time. You can blame management for that I guess if you like, but it seems a little illogical. Previously they posted increased profits on reduced revenue, so that was going in the right direction. That was since Mark Newton-Jones appointment in July 2014 and the strategy starting Nov. 14. My reading of the situation is that most funds and pi's have lost interest in MTC regardless of what's going on, because of the rejected t/o offer (disappointed folk wanting to get out), the surprise profit warning after Christmas 2013 and the length of time its taken for someone to get a grip. So I think the jury is out on this particular management/strategy and I certainly wouldn't say they can't deliver - as it was looking promising, up until their market hiccupped. Previously it was MTC at fault. (quite interesting looking back at the number of share holding announcements during the US offer - that sort of history can play havoc with the share price - once the offer is rejected)
typo56: So what happens with my new rights shorts now? Will they fluctuate with they general share price? So if the share price drops by another 48p can I then close out to break even? Yes, they will track roughly 125p below the MTC share price. If that price falls below 125p then the nil paid shares are worthless (apart from stamp duty and dealing charges, why would anyone pay 125p to take up their rights when they could buy MTC lower in the market?). If you don't close your nil paid short position it will be closed after the shares become fully paid on 27 Oct. How much you get charged will depend to some extent on the generosity of your spread bet/CFD provider, but you feel it ought to show some linkage to the price they ended trading at! I'm sure if you ask them it will be made beautifully opaque!
Mothercare share price data is direct from the London Stock Exchange
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