Mouchel Share Discussion Threads

[whoppy] 19/3/2012 09:58

Considering a lot of employees are MCHL shareholders and probably their pension schemes, Mr Rumbles would not be a popular man if he dilutes their holdings particularly as many of them hold at a price far in excess of today's price. Any management could come up with that strategy and is not really befitting of someone with such experience and leadership as the new team. The clue to the restructuring of the balance sheet seems to be sorting out debt arrangements with the banks, which could mean changes in terms / repayment period / loan notes / warrants..something that gives them an interest in the company and promotes strategic growth where everyone has an interest and can benefit from future successes of the company. Basically the banks endorsing the future of the company through the new strategy..aimho

[rayteuptetash] 19/3/2012 09:49

Traide - I think a lot of people did not understand the risks involved. It just put it in black and white for them. They reassessed and bailed.

We could easily be wiped out as share holders or massively diluted. I am still not sure which way this will go. Its a huge risk. Yet, I think Rumbles and Lyons will try to please all parties.

Next week we will know....so not long to wait

in the mean time some very chunky buys have gone through

[whoppy] 19/3/2012 09:44

A bit more from the LSE board.

"We will keep you updated as soon as there is anything further to report. "In the meantime, we will be announcing our half-year results to the City on 29 March which you will have the opportunity to view either in real-time or after the event on the website. "I am also looking forward to meeting a number of you in April at the various roadshow presentations around the country where we will begin to communicate the revised strategy."

[traidemark] 19/3/2012 09:42

no truth in the article then, theres a suprise.

would not be suprised to see these go blue today.

[rayteuptetash] 19/3/2012 09:27

Company released it internally

Should calm things down a bit

[scemer] 19/3/2012 09:13

ray where did you find the reply?

[highly geared] 19/3/2012 09:09

To understand the issues MCHL are facing , you need to be in the property/construction consultancy market and see the pricing pressures all companies are facing; and be aware that contractors/architects/consultants continue to go bust due to these pricing pressures and a shrinking Uk market.

The whole industry was pumped up with public sectorled PFI type spending and the resi boom which went pop in 2008 and is now seeing a painful and prolonged contraction in work. The Olympics has temprered this in London and longer term infra projects offer hope.

London and SE remains good but as you travel North, the picture deteriorates considerably with workload reduced due to reduced public sector spend and public tenders regularly attracting 10-30 bidders with lowest cost being the selection criteria.

If MCHL is able to diversify geographically and secure more work out side of UK/Europe then may be a chance but in the UK, it presents a very difficult market for the next 2-3 years.

Just remember what happened to WYG and be careful.

[rayteuptetash] 19/3/2012 09:08

Grant Rumbles said of the article: "I would like to assure you that this piece is based on pure rumour and speculation and has not been driven by the company. I can confirm that we appointed Goldman Sachs a couple of weeks ago as our new financial advisers and that they are advising us on how we manage our debt. Any such process naturally involves considering every option. "As you are aware, we have been undertaking a strategic review of the company since November 2011, with the help of several external consultants, which has involved a thorough examination of all aspects of our business and has enabled us to create a revised strategy that will return us to growth. "The next step in the process, following the strategic review, will be to restructure our balance sheet; in simple terms this means we will sort out our debt arrangements with the banks which will put us in a much stronger position to win work. "It is inevitable that as we go through this process there will continue to be speculation in the press and there will undoubtedly be more to come

Wait until results but I hope they don't go for equity swap/ massive dilution. We must remember that employees and not shareholders will be their main concern.

[ukinvestor220] 19/3/2012 08:45

well the flash shorters will have to buy back too - nice .. mini short squeeze coming ?

[whoppy] 19/3/2012 08:44

All those sellers have made a mistake imo and will be buying back in. More buys than sells now. Investors lost out big time and all because of a short news article which needs investigating..this Glyn Thomas guy seems to be the source. Market manipulation.

[rayteuptetash] 19/3/2012 08:40

I have bought more but it may be a big mistake........its the risk you take

I will hold until results

[ukinvestor220] 19/3/2012 08:38

hehe - great time to buy now !! high risk dyor

[whoppy] 19/3/2012 08:34

Wonder if the ST journalist bought in on the drop??

[rayteuptetash] 19/3/2012 08:32

....response to press spec and such a drop is surely needed

I never like silence.

So much for the chart : )

[whoppy] 19/3/2012 08:32

Sells are being absorbed and a move back up once shenanigans are over. Someone just paid 16.13p for 100,000 at 8:27. Don't get panicked into selling imo.

[traidemark] 19/3/2012 08:32

look at the volume, barely any sells

onwards and upwards later in my view

[traidemark] 19/3/2012 08:31

yes sorry i got a google alert, and thought it was new, sorry

wanted to show the reason for the fall but i also think its ridiculous reporting

[cockneyrebel] 19/3/2012 08:26

you're fast traidemark lol

The company has already said the balance sheet would be restructured in H1.

What are the huge sales worth here once the balance sheet is restructured?

Lot's of small time traders too long and getting stopped out but something has been making this rise on massive volume in recent weeks.

All imo dyor etc - high risk and high reward imo.

CR

[traidemark] 19/3/2012 08:21

Mouchel has hired Goldman Sachs to advise on how to cope with its debt pile.

The Sunday Times reported that options under consideration by the investment bank include a debt-for-equity swap which would wipe out existing shareholders and hand control to the consultant's lenders.

A break-up and sale is also believed to be an option as is a new share issue to raise cash.

Mouchel posted losses of £64.8m for the year to July 31 2011 following a string of profit warnings.

Mouchel has already cut 1,000 staff after closing 14 offices as staff numbers fell from 10,425 in 2010 to 9,402 last year.

The firm declined to comment on the report.

[mulebraker] 19/3/2012 08:20

and I thought I had recovered from Paddies Day -25% AND IN AUCTION TO DROP MORE

JAYSUS!!!!!!!!!!!!!!!!!

[traidemark] 19/3/2012 08:10

cash call coming

[cockneyrebel] 19/3/2012 08:05

a few little small time sellers at the open, nothing much tho - reckon these will bounce swiftish imo.


CR

[htrocka] 19/3/2012 06:15

sally....THE QUESTION IS WHAT NOW DO YOU SELL UP IN THE MORNING OR NOT/


so much for your enthusiasm and faith as a long term holder..tut..tut.

[cocorico2009] 18/3/2012 22:30

it's sweet shoutin' sally!!!

[sally 1] 18/3/2012 22:27

WHAT A STRANGE COMMENT FROM THE TIMES . THE QUESTION IS WHAT NOW DO YOU SELL UP IN THE MORNING OR NOT/ .MOUCHEL DECLINED TO COMMENT ON THIS ARTICLE FROM THE TIMES. GRANT RUMBLES HAS BEEN FLAT OUT RECENTLY DOING A CRACKING JOB .I PERSONALY HAVE ABSOLUTE FAITH IN THE BOARD .SIR MICHEAL LYONS AND GRANT RUMBLES SOLE AIM IS TO RESTORE SHAREHOLDER VALUE AND BRING THIS COMPANY BACK TO ITS REAL POTENTIAL AND TRUE VALUE.I KNOW ONE THING FOR SURE THERE ARE INTRESTED PARTYS ON THE RADAR AND SO DOES THE CITY .I FOR ONE CERTAINLY WILL BE STAYING PUT.THERE HAS BEEN MASSIVE IMPROVEMENTS GOING ON BEHIND THE SCENE.THIS COMPANY IS A VERY DIFFERENT MOUCHELL TODAY TO WHAT IT WAS IN OCT 2011 WHEN GRANT RUMBLES FIRST JIONED AS CEO.THIS GUY HAS BEEN OUR GOLDEN BULLET PROBABLY ONE OF THE BEST CEO AROUND .SO F..K IT AND HOLD YOUR NERVE .