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Results are usually on a Thursday. Given the spruce up of the corporate site over the past few weeks. I'd be surprised if we don't here anything tomorrow or next Thursday.
"Morses Club will announce its results for the 52-week period ending 26 February 2022 during May 2022. An update on the expected date of results will be provided in due course. " Stockopedia's date is just a guesstimate
Stockopedia again reporting "Full Year 2022 Morses Club PLC Earnings Release" expected today. We'll see.
Updated list of major shareholders on Morses website (16th of May). Amati is selling out, but other's holdings has not change at all (HL, Interactive increased a bit). Positive stuff imo.
Amigo is worth a lot more than Morses and potentially will have huge dilution ! How is Morses so cheap and amigo valued higher ?
Complaints are lower second half than 1st half of year ending 26 Feb 2022. See the post a couple above
Amigo business very different yes, morses a better business yes.
Will claims companies give morses a break? The answer is no, not until there's nothing left, but like you say, we will know soon enough....
Stockopedia - the subscription based stock screening service.
Peakybinder
Best we all sell up then like you? not, I'll take my chance thanks £40k so losing another £5 is worth the risk this is nothing like Amigo, we`ll find out soon enough.
Amigo business plan where you need a guarantor to get a loan is flawed. You need a guarantor because your credit rating is rubbish and you probably got ccjs and god knows what. The loans were huge with 50% apr run by someone with no scruples who pumped it up and floated it and made a fortune. It was badly run before the complaints
The complaints companys will take this to the floor just like amigo...
Cash will be disappearing fast, and staff will get taken on regardless of the state of the business.
I sold here at a loss and not looking for a lower entry as not interested in losing more money.. Good luck tho.
Actually there wasnt any specific date for results in the last update. Personally I doubt they would hire so many IT guys for Shelby if they would be in big trouble. Claims number is a relief for me too. But wtfik.
The second trading update told us what to expect regarding results. Updated complaints says it as it is. I can’t think what else they could be hiding. CMC are going for them as last man standing but it will depend on how many clients they pick up. Institutions always sell for their own reason (they sold down Thungela coal to £1 a share after split from Anglo and it is £13 now). But by all means enlighten us peaky as what you think it is
A business only delays bad news unfortunately.
An institution selling at a loss tells you everything you need to know... GLA
So who is stocko?
I have checked this report almost every day and until yesterday the first half numbers were presented. Amati is selling, but I think they bought in around 32p in november 2020.
Doesn’t look that bad at all. Given the share price decimation I would have though it was much worse unless that information is not fully updated
Thanks not as bad as I expected. I agree must better to settle rather than go to fca
Updated complaints reports on Morses website (01.09.21-28.02.22).
Complaints opened: 7972 (H1: 10214), closed: 7174 (H1: 11731), percentage upheld: 45% (H1: 20%).
It does not look too bad for me. I guess better to upheld some complaints than to send them to the ombudsman and pay the hefty fee. I would not bury them yet.
https://www.morsesclub.com/assets/pdf/complaints-publication.pdf?v=0522
They said results in May in the trading update
Stocko is showing there should be a full year earnings release TODAY! Will it be post close to 'bury bad news'?
You are absolutely right as even an update on complaints would be helpful.
From the last update they aim to be profitable in 2023
The division is now primed for continued growth with a stable platform and a significant target market. Month-to-month profitability was achieved in the last two months of FY22. Our growth plans in early FY23 are expected to increase impairment in the short term but we expect to return to run rate profitability during FY23.
Agree seem like they are holding off any news until this seller is done. Incredible really the value here is amazing but what the f are the BoD hiding from us while this insider keeps selling ?
It`s been nearly three months since that ****** PS sold us PI`s down the river and sold out but, you would of thought the the BOD would of given us an update on things are going good or bad, I know Y/e figures are due this month but to keep us hanging on like this until now is just contemptuous unless they haven't got a clue about PR.
Being at a big loss (£10s of thousands) its pointless me selling so, I hope your enjoying your cash from your unlawful sale Paul Smith. corruption so god knows what mess he`s left them to deal with.
PI`s don`t forget when they've been shafted.