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Imo Annual report has to be delivered on or before Monday. Red chips sees strong CEO appointment, announcement of the £15M debt refinance package, positive news on Boots tie up & global franchise network recovery play. Black would be a sell out to one of the distressed debt vultures, equity holders slowly eroded. I'm backing red because think a refreshed BOD will see there is value here. Could easily go 15-20 in fairly short time with evidence of strong plan execution. Obvs am a (modest) holder in MTC w 60k shares. Jtini
I’ve just got a feeling that they are going to get this one over the line hopefully, I’ve got 50,000 shares at 6.8 so I hope so.
Have you heard something regarding the Boots deal tktowers?
Might be some good news very soon on The Boots deal
Bounced right back and in the blue again - bullish trend in place. Update would be welcome and then I feel a move upto 10p +
I certainly hope so - it's been a long wait with no news!
Annual report is due shortly, also should hear soon about the new CEO, refinancing and finalizing the deal with Boots, expecting a rise on the SP, fingers crossed!
Looks as though this is gearing up for a move - bid and offer has tightened up.......volume building
Well a number of the buys are showing as sells - I just added to my holding at 6.06 - should see this return to over 10p
It has been almost two months since trading update. Hopefully we hear something by the end of month. Although things can only improve from here. Great brand - great potential.
Flatlining again! Anyone got a defibrillator?
Yes, it’s very frustrating that we have not heard any news yet. There are hardly no trades, it’s a bit under the radar at the moment, no doubt that the appointment strong ceo to lead mtc is key plus the signed deal with Boots, these should send the sp pointing north. Have 80,000 shares at 8p so I feel your pain, however I believe in this investment, we just need to be patient and hopefully some good news shortly.
MPLC are utilising FCA guidance to review timetable for publication of annual report, giving them an additional three months. So when you look at previous year final results published 24th May 2019, would indicate this year due by 24th August allowing for the 3m delay. Frustrating as this might be, could work in favour as news on a strong CEO appointment to accompany, could see the SP rerate as global franchises start performing. News on refinancing of the £15m debt also key imo. Have modest £5k on the table here. Not for the faint hearted, but this could come good. Jtini
Surely BooHoo is more at the cheap, disposable fashion end of the market whereas Mothercare was always expensive but stood for quality. Maybe a better tie-up would have been with M&S or John Lewis, but Boots seems like quite a good fit.
It would certainly be good to get some news!
I'm beginning to think the Boots tie-up is now the wrong move as like all bricks and mortar shops it's facing significant challenges due to Covid.
Mothercare is a very strong brand name. The business is headless and has gone into hiding. The last RNS talks about trivia.
A much better match would be with BooHoo. Both internet retailers, MTC has significant worldwide presence.
BOO is acquiring brands and has drive and enthusiasm but needs to widen its fashion offerings as the 20s somethings start a family. Better range of baby, toddlers, childrens and maternity clothes. Could be highly profitable with a brand name everyone trusts. Also could be good PR for Boo.
MTC probably isn't in play until November but food for thought?
30,000 shares here not impatient but bored...
GLA DYOR
R
Luis that's great news. Obviously working behind the scene and just in time to build for much talked about baby boom.
On the Boots website it says launching the full range in october 2020!?
Boots put back to the Spring due to Covid
I think we are all in the dark on this, this is the stock with less news ever!
Surely the announcement of the new CEO must be imminent as more than a moth ago they were at the shortlist stage. Also the deal with Boots was being finalized so that should be completed shortly one hopes. Anyway wishing you all the beat of luck!
No sign of news yet. Anyone got any thoughts on this.
Yes, a lot of trades today compared to usual, strange as we have had no news yet! Hopefully next week we will have some and I hope it’s good news!!!GL
more trades than usual taking place here today
I think I am right in saying it is a global brand with a website. If so it should get a US listing which might reflect long term prospects differently. Maybe the new CEO might do that. Gl
Really good detail there JonTaylor, thanks. I hope we are nearly rock bottom for SP now and the only way is up. And yes there are many positives here The impending announcement of the new CEO, a good name who can steer the ship will result in a rise in the SP. Finalising the franchise deal with Boots will be another and if there is an increase in child births aka Baby Boom that will result in a higher demand of baby clothing that will be another. Hope we are not hit by a rights Issue though.
In this new world of CVA's prepacks & rental moratorium, MTC is actually ahead of the game, having gotten rid of the horrific ball and chain legacy of UK retail.
Positives are
Enviable global licensing operation.
Low cost base.
Launch of UK II with Boots.
Needs decisive CEO appointment to make this now all fit together.
My only concern being the involvement of Gordon Bros in the refinancing of the £15m loan, as their exit route planning might not share the same aspirations as us shareholders. However the BOD still have material interest here in the long game, as does Richard Griffiths, so there is counterbalance. Think an RNS in coming week if not next. Good luck all. Jtini.