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Sorry, what does that refer to? The 3p placing, not the "yikes"
I always have at least one stop loss order on each of my shares tranches. That way if there is an unexpected drop while I'm not able to watch the computerI don't lose out too much. With some shares they roller-coaster so much you can actually ratchet up your holding this way selling just after they start to go down and buying more back at a lower price. When small company shares rocket up by 100% it is natural for a lot of smaller investors to take profit. Unless you also get a surge of interest from wiser buyers who have only just had their attention drawn to the share due to the rise you will often get a big drop in SP. Looking at this share I think some of the Fund Managers have added it to their radar. Expect it to undulate upwards rather than rocket from now on ;)
Great advice golf. Unfortunately I had no stop loss on this one,just actual shares. Quite a bit of fluctuating today bodes well for the next few days. Well done and good luck.
Lot of small investors taking profit today. Last minute big buy shored it up though.
Well, sometimes these sleepers wake up quicker than others. We are opening a bottle of wine on the strength of a 100% two-day rise. For the future 21p is likely, and 35 - 40p possible. Don't forget to lock your profits in with one or two Stop Loss orders though. There will possibly be a re-trace as the corporate guys dump and buy back shares to reduce their overall average buying price.
FORE. Looks like double figures came quicker than we thought. Well done. Here we come 21p ++++ gla concerned
Or even by tea time the way things are going :)
Let`s hope Mr M agrees with us too. Could be an exciting few months ahead. gl
Company suffered from 'All eggs in one basket' syndrome and got shafted when their biggest customer gave notice to cancel its contract. This caused loss of confidence in their suppliers, resulting in cash flow problems and the company had to lose a lot of money in terminating the contract earlier than expected. 75% of the work force has gone, but now they have diversified, opened new accounts and more importantly, are asset positive. I agree with bbr391 - 21p plus and I think at least 15p by Christmas.
Should rate us at 21p ++ gla concerned
One tends to think it isn`t today`s RNS.Change of advisor. Moving this share upwards. Perhaps garden center .com is making good dough. gla concerned
Nice gain today. Fundementals looking good. It might be a quarter of the company it once was, but it is leaner, meaner and a lot more experienced. I reckon 35p - 40p by middle of next year is not out of the question?
MBL Group, an audio and visual entertainment distributor, appears to be clawing its way back to health after losing its most important customer, Morrisons, last year. In its full year results to the end of March, revenues dropped massively, from £195.3m to £28.1m. Revenue from continuing operations dropped from £20m to £17.7 while the loss before tax came in at £2.1m (from discontinued operations this figure was £8.8m). Group loss per share was 40.8p. Nevertheless, MBL is free from debt and has cash balances of £4.0m and a headcount down 75%. This was enough to boost the stock 8% in morning trading.
Giant Steps 29 Aug'12 - 10:42 - 4724 of 4726 In the style of CF12: MBL Net Assets £6.534m Cash now £2.7m(August 2012) and no debts !!! Tiny Market Cap £0.69m (at 4p) Is this a no-brainer value play for 20p ?
Yes totally agree with what you are saying...I,m not selling till double figures at least...glm
alot of people put off by the 40p loss but its down to the loss of contract two years ago, and obviously if your running a business that can serves thousands ten of thousands when you customers are only in the hundreds its bound to cause some problems but they have rectified and its working, my argument is look others companies who are facing admin they have a similar market with debt, and loses for the wrong reasons here its a different picture
These are vastly undervalued ..I also double figures here today could be on the cards..gla
this may well go into double figures take a small punt for the petrol in your ferrari
30%UP
ok ive taken a punt, the loss was due to the operation they had in place with morrisons they changing themselves to be more cost efficent
that was due to the one major contract with morrisons, they just adjusting after that loss, but im valuing company with what they currently have, the market here is similar to company on other aim that are going into admin, with huge debts but here no debt, cash in bank 4million should be atleast twice what its worth now
undervalued
any people not clocked rns
MBL Group has warned that although the on-going downsizing of the company has, to a large extent, reduced the losses during the second half of the year, it is anticipated that the full year loss will be higher than the interim loss. This is partly the result of costs incurred in the management of the wind down of the operations and the resulting asset realisations. The entertainment products distributor said it continues to have sufficient cash funds available to meet working capital needs will continue to pursue a strategy to develop its business as a direct to consumer retailer.
http://www.investegate.co.uk/Article.aspx?id=201111301128100535T