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The last few days have seen some huge transactions going through compared to preceding months. I see this panning out roughly along the following lines. New CEO (needs to be a serious player, no clowns), Refinancing of the £18m debt (I'm assuming the existing Gordon Bros loan terms not too onerous, a more main stream lender preferable). These two imo are about to be announced hence the SP movement.
Then, onward & upwards, let's assume with recovery Mothercare Global can get back to 50% of 2019 profits, so £13m, add in a couple of mill from Boots UK royalties. Apply a v. modest p/e of 5x gives us £75m mkt cap compared to £40m today. So short term 18-20p, medium term 30-40p as international franchise operators reload fully. Beauty of this model is costs all under control now and staying so. Jtini
half million buy 9.38..just popped up 11 paid
No wonder they shook it so hard
remember there's some over half debt to restructure...but can't see that been a problem
Good sales figures and little or no over heads in terms of rents etc..
Cash flow for suppliers paid by franchisee s..
Goodness its a good deal for either mtc on their own or yes a t/ o...would they want it after all they ve been through.
They've got a bright future
So sp..
Actually I don't think 20 is unrealistic but could return much more
A market capitalisation of £75m looks easily possible to me, and that would give a share price of 20p. Not sure if it would go much higher this year but great if it does! Or if there was takeover news, then anything could happen.
Any ideas were the SP could get to guys? not today but in the next few months. I mean it was nearly 20p in january and we didn’t have the deals in place that we have now, I still think at present it’s still undervalued. Your thoughts?
12.95
See how she handles that..might get with usa later
another shake yet..lets see how she builds imo
Totally agree
Trouble with this ....is spread usually rubbish and tradeing with its movements not worth it ..
Ends up costing more than its worth..
Just got to hold the faith
That was fun
my y-Fronts...thankfully looked away...and back up :-)
Proper tree shake there! weak investors are selling, holding steady here this stock has a long way to go! now filling the gaps! GLA
Good feeling going to shoot up
be interesting.
For sure they're having non my golden tickets if any whiff of T/o..
Which I'm not certain at all is the case but for sure some one besides us mere mortals loading up..
No RNS or speeding ticket so I imagine we will have more of the same with strong background buying
The fact the market makers put it in auction twice in the last 30’mins and in fact put it in an 8 minute auction from 4.22 locking out anyone wanting in and closing at day high bodes well for a strong day again tomorrow. Someone is buying a lot of shares in the background. I guess we will all find out soon
Hi Richard,
Boring old Walgreen Boots! Whatever you say about the yanks they will always give you a good premium! Bohoo- no thanks to their bloated paper! There is definitely an Atlantic scent on these price movements today. Happy Thursday tomorrow!!
When it reached 8 /9 last time there was nothing to sustain it.
Now I believe there is
Tempting to sell when there is a nice profit, I have 80 thousand shares in this stock, but I believe this has still a long way to go, news on the new CEO, they have to start selling their products in Boots which starts in october , a Baby Boom would be fantastic as it would have a massive impact on sales, a potential Takeover?! to summarize I still think this stock is dead cheap and has way to go.
@FEXIT
You first floated the Walgreen Boots takeover in May target price 13-15p. I agree a takeover is likely but would much prefer to see BooHoo in the frame than boring old Boots.
As Jon T says the Administrators are in for 50%? of any takeover offer prior to November 2020, so this may be the reason for the delay. Presumably the payment would be on completion so an offer now is possible.
Or the increase is just due to the market catching up with the Boots deal now silly season has ended.
Or a leak of the name of the new CEO.
Who knows but it looks like the rise has still has some way to go.
GLA DYOR
R
Certainly is...and yes the herd are enroute
That is a possibility down the line, after the Administrator's sell on clause expires November, with potential interest from the likes of Next. But right here and now I feel this is based on imminent news of a strong CEO &/or refinancing, either of which is a game changer. Jtini