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MWB Mwb Group

4.875
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mwb Group LSE:MWB London Ordinary Share GB00B2PF7L39 UNITS (COMPR 1 ORD & 20 B SHS)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.875 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

MWB Group Share Discussion Threads

Showing 776 to 799 of 900 messages
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older
DateSubjectAuthorDiscuss
08/3/2012
15:42
I see that Pyrrho are happy that the CEO is going !

...hopefully a new direction or strategy can be taken..perhaps with some advice from Pyrrho..since the previous strategy did not seem to be working.....

markt
08/3/2012
09:25
CEO Richard Balfour-Lynn is going.

....halle...fxxxxxing...luha !!

maybe someone else can save this beast and avoid 0p.

What a disaster he leaves behind him !!...
-mega debt,
-high loan costs which it struggles to try to pay,
-never ending reported losses,
-tiny cap. value

since the market thinks there is a high risk it will go bust.

IMO the exiting CEO only seemed to concentrate on spending money...on refurbishments etc and taking on new/more hotels.....and took little interest in balancing the books or considering whether it was prudent to spend money, on considering if any new investment would provide a return.
---

Should David C. Marshall also go ?
He was I believe the co-partner of Richard Balfour-Lynn in backing MWB into a shell in the late 90s.....and has co-operated in getting MWB to where it is now.

---

Personally....I would be in favour of replacing the whole board...since they have failed dismally to comply with the company's stated objectives...while they have operated their own company from the same offices (conferences)...and for many years used a company to run the HQ at a price that many people would say was exorbitant and to enrich themselves.....(the fact that that was stopped/changed infers that it was not correct imo)


---
"Looks like large shareholders have decided he should go"

..I think we would all agree on that....but the RNS is completely different, which doesn't give much confidence imo in the truth level of the RNS or of London markets.....

----

BTW
should the co. have taken on new hotel in Dundee when the stated objective of the company is to reduce committments and sell assetts and return cash to shareholders !!.....as stated back in...was it 2003 !!..now 2012 and essentially still hasn't happened ! (only 1/3rd of the shares bought back...but new shares also issued to raise cash !)

markt
08/3/2012
08:03
Pressure mounting!
crookie3634
08/3/2012
07:43
Looks like large shareholders have decided he should go, but at least it's not 'resigns with immediate effect' so they have managed it as well as could be expected. Interestingly, no news of a new CEO, so I imagine there is a lot going on behind the scenes now.
goliard
08/3/2012
07:25
About time he got the Spanish Archer.

Hopefully a bounce on the news.

bonio10000
01/3/2012
13:32
bonio10000 - 1 Mar'12 - 12:10 - 388 of 390

"......

In an oddly run company (see MBE bid fiasco) this is hardly the oddest of the sh't they have been up to."

Got my vote on that !!

---

imo...whatever happens I am pretty sure that the directors will make sure that they do OK....even if shareholders lose everything...!!

markt
01/3/2012
13:18
"..You do not whip up a set of accounts on a day's notice..."

Of course you don't. But if you've had a bank breathing down your neck for weeks, with a deadline threat, you will have spent those weeks ensuring you have something you can deliver to counter whatever threat being implemented.


"....Plus - since when did publishing accounts mean that a bank does not pull the plug?..."

Since it demonstrated in an official manner whatever excuses had been offered to date unofficially?



Like I said, I may be totally wrong ;o)
But rushing out a notice half an hour before the bell on the last day of the month, suggests to me that some end-of-month imperative existed. They've given proper notice on every previous occasion.

m.t.glass
01/3/2012
12:25
From experience, it takes a long time to produce results for a listed company and get auditor sign off. Meetings are planned months in advance. They clearly intended to bring them forward and it might even be due to good time management!
goliard
01/3/2012
12:10
Your explanation makes no sense.

You do not whip up a set of accounts on a day's notice. They must have been ready to go.

Plus - since when did publishing accounts mean that a bank does not pull the plug?

If anything, they could sell MBE to Regus and the remaining debt is probably amply secured on the remaining properties. The banks are still earning juicy interest and commission fees.

More likely, the board just does what it wants. They never said the results would be in April, so just decided to drop them for some reason.

In an oddly run company (see MBE bid fiasco) this is hardly the oddest of the sh't they have been up to.

bonio10000
01/3/2012
09:24
I am guessing that the reason they rushed out these results, nearly 2 months earlier than expected, and with no advance notice (save 33 minutes on the eve of), is because the bank, alarmed at the collapsing share price, yesterday (last day of a month)threatened to pull the plug and force the company into administration - and the directors felt that they had enough they could put into a statement that might steady banker's nerves. Putting out a statement without including the results would surely have induced panic rather than quell it.

Only guessing of course. May be wholly wrong. But this week's drop through 10p might have been the final straw.



Anyone got a better explanation of why the sudden rush to publish?

m.t.glass
01/3/2012
09:17
I know. That's exactly my point. They work for the bank not the shareholders.
goliard
01/3/2012
09:15
@goliard - the issue isn't the businesses, it's the debt. £15m may be notional market cap, but what's the Enterprise value?
spectoacc
01/3/2012
08:06
Just as a PS. £15m market cap for one iconic hotel brand with great hotels and the best serviced office company in London!!

Lack of any movement in the shares at the opening shows how little anyne understands this IMO. If you could spend the time and effort to really get to know it there could be money to be made here... or lost.

goliard
01/3/2012
08:03
I have experienced both the hotel and office brands on regular occasions and am impressed by both, but the accounts are a minefield and almost impossible to understand as far as I am concerned. It is difficult to see what they own, what they lease, what they have to pay and what the fixed uplifts are. Are the hotels profitable? It appears not. Can they ever be? Who knows, as they have complex arrangements in place which even they don't know the cost / benefit of.

The whole thing is like a tangled ball of string and whilst I understand both businesses fairly well, I think the corporate structure means that only the board and some close advisors can have any real idea as to whether or not the business can ever make money.

IMO they need to separate the businesses and explain clearly the structures, lease provisions, assets and liabilities of both in their Annual Report. Until then I can't buy them at any price even if it does look very low.

goliard
01/3/2012
07:49
Same old same old - At least MBE is improving and they should be able to cut costs out of it when they delist.

Still highly dependent upon an economy upturn. Let's hope the Olympics is positive for both the Hotel and Office sides of the business.

bonio10000
01/3/2012
07:34
Loss per share slightly more that s/p, & not a lot of succour for long-suffering shareholders, but nothing too nasty either?

@WilliamGT - £10m Head Office costs?! That's not far off the market cap; it's a heck of a lot of pot plants.

spectoacc
01/3/2012
07:06
"...On the corporate front, MWB Group Holdings Plc ("Holdings") announced on 6 January 2012 that it now owns more than 75% of Business Exchange's issued share capital and that it would explore ways to fulfil its previously stated intention of de-listing Business Exchange. The Business Exchange Board is aware of the sensitivities of all stakeholders and is therefore examining whether a package of commercial, governance and shareholder protections can be agreed with Holdings which would allow the Board to support a de-listing proposal. We hope to report back to shareholders on this matter shortly...."




(MWB Business Exchange ticker is MBE)

m.t.glass
01/3/2012
06:53
So, interim results scheduled for late April being brought forward 8 weeks, with notice given just half an hour before market closed the night before. Does sound a bit dramatic.
m.t.glass
29/2/2012
20:03
Hi markt

RE: Post Number 365

Firstly sorry for my delayed reply I initially missed your previous post.

I will try and look at the independent directors at MWB but I would imagine they are all friendly with one and other. Jobs for the boys and all that.

I will be sending an letter to MWB's auditors as clearly something is going a miss . HeadOffice costs were 10 million last year! I find this hard to justify. No doubt a lot of this went on balfour and his chums.

Given the share price performance today guessing the news out tomorrow will not make for good reading.

williamgtheobald
29/2/2012
14:18
And down it goes again in the past few minutes. Not looking like getting back above that psychological 10p level.

Debt is now more than 20x market cap.
Share price more than 97% down from its alltime high.

Will it survive?

m.t.glass
29/2/2012
13:39
Only hope here is for some type of PE takevoer, restructure. The re-financing expedited by the CEO and RBS must be one of the worst deals ever negotiated (I use the word reservedly). How on earth will the business cope with its debt repayments/debt pile???? Sell -off the non core assets and get a party in capable of focusing on the Hotels.
dr knowledge
29/2/2012
09:54
God knows what is going on here - I saw some RNS news a few days ago but they were all about the 200p per share matters some four years ago. What ever happened to Phyrro who bought millions at 30p?
paddyloyd
29/2/2012
08:43
Sub 10p. Dearie me.

Dropped 65% in 2011, and down 40% already in 2012, after just 2 months.

I imagine there are some who will buy now it's under 10p, there always are.

m.t.glass
15/2/2012
10:44
2-3 decent sized buys yesterday

f

fillipe
Chat Pages: 36  35  34  33  32  31  30  29  28  27  26  25  Older

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