Share Name Share Symbol Market Type Share ISIN Share Description
Mothercare LSE:MTC London Ordinary Share GB0009067447 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.02p +0.11% 18.12p 197,001 16:35:20
Bid Price Offer Price High Price Low Price Open Price
18.10p 18.76p 18.12p 18.10p 18.10p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 667.4 7.1 4.8 3.8 30.96

Mothercare (MTC) Latest News

More Mothercare News
Mothercare Takeover Rumours

Mothercare (MTC) Share Charts

1 Year Mothercare Chart

1 Year Mothercare Chart

1 Month Mothercare Chart

1 Month Mothercare Chart

Intraday Mothercare Chart

Intraday Mothercare Chart

Mothercare (MTC) Discussions and Chat

Mothercare Forums and Chat

Date Time Title Posts
23/4/201812:42 *** Mothercare ***1,850
19/4/201820:00Mothercare - A New Birth32
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-

Add a New Thread

Mothercare (MTC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Mothercare trades in real-time

Mothercare (MTC) Top Chat Posts

Mothercare Daily Update: Mothercare is listed in the General Retailers sector of the London Stock Exchange with ticker MTC. The last closing price for Mothercare was 18.10p.
Mothercare has a 4 week average price of 15.30p and a 12 week average price of 13p.
The 1 year high share price is 135.50p while the 1 year low share price is currently 13p.
There are currently 170,871,885 shares in issue and the average daily traded volume is 299,938 shares. The market capitalisation of Mothercare is £30,961,985.56.
dealy: I really hate this self fulfilling dynamic of shorting small cap shares. The shares are shorted in this case down to a 30m market cap making it impossible for the company to raise money without wiping out existing shareholders. Shorts are feeling good relishing in the belief that they are on to a sure thing. When private companies get into the same position they raise equity against a business plan not based on a shortable price in a screen (minus a discount). The only way out is to get the share price up via disposals or operating improvements and then raise equity. There was a shorting ban on the banks for this very reason in 2008 and I believe it should be re-instated for small caps. Shoters didn't create the margin or balance sheet problems here but they make it very difficult
loganair: If one is lucky will be 4 shares for every one held and if at a 50% discount would mean ones 1K would be worth £100, then if the share price was to double £200 one would have lost 80%.
rhambo: JakNife is spot on. Shareholders will be left with choice of 0p or say 1-5p (depending on the extent of the dilution, I think 75% would be optimistic) under the CVA. If shareholders do not vote for the CVA, then the company will be liquidated. Given this, there is no reason in my view for the share price to be as high as it currently is, it infers some sort of hope value in a knight-in-shining-armour bid.
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...
debsdowner: This does not look good the High street in a terrible place at the moment. The more the share price slips the harder to raise money without huge dilution little wonder the share price keeps falling. Cousins warned of weak sales yesterday, consumers cutting back on even soap does not bode well for any retailer. Consumers are over borrowed take home pay shrinking despite all the pumping by the government that the UK economy is doing OK.
in_my_opinion: £80M Pension deficit £50M Net Debt £100M from 2014 Rights Issue - Frittered away! Waivers from Financiers being requested More £Millions needed for FY 2019 to continue with "Transformation" Process - now been going on for over 3 years! No Dividends £3 Share price back in 2014 to a 19p Share price! Yup! Great company to invest in (Not!) - Badly managed! Only the Brand Name can be saved now...
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
fenners66: I am sure , had I come on here lauding dealy as some sort of special situations / recovery guru investor telling of his skill and judgement in spotting and exploiting value - you would have had an entirely different comment for me. CLLN and MTC have several things in common - and I have not done any research on MTC yet. I have a vague passing interest and have read headlines over the years... But , 1, share price has tanked 2, dealy looks like he has put his money in 3, debt rising 4, profits falling Is there a pension deficit here? Have they paid out dividends they could not afford Is their market subject to structural competition? Just got to be careful - I agree - dealy is one person who has shown himself to be careless and refused to listen to reason. Draw your own conclusions - but the parallels are there to be seen - of all the investments on all the worlds markets he starts posting on this one.......
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
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20180423 17:44:43