Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yeah not sure what that means as well rockhard! Anyway I do agree, FD has to go as well to restore confidence in this share. Glad CEO did not get a golden goodybye, that is good work from the board. Same thing should apply to FD (when)if he goes.
by mutual consent. This is good news for anyone holding here. Need to get the right CEO to turn this around, not going to be easy. No doubt he will get a golden goodbye for a very bad job done to shareholders. IMO the man should get no compensation at all just like any other job if you did not perform well. Still a strong sell for me though until there is a clear strategy ahead and decent management.
has turned for ACHL. Maybe the whole affair was overblown.
http://www.mumsnet.com/Talk/pregnancy/207717-mothercare-are-awful/AllOnOnePage http://www.mumsnet.com/Talk/pregnancy/899939-Why-is-Mothercare-so-expensive-yet-grotty/AllOnOnePage http://www.mumsnet.com/Talk/am_i_being_unreasonable/1217220-to-not-be-surprised-Mothercare-are-in-trouble/AllOnOnePage Had a quick search on mumsnet and might be of interest to check what actual customers really think of MTC. Most of the complaints seem to be the overpriced nature of MTC and the (lack of) customer service. Obviously two sides to every story, but 3 different threads alone with quite a lot of people actually taking their time to complain about MTC is not exactly a confidence booster. Of course DYOR.
Is it the "Net Cash" in their bank balances or is this the Net Profit??? I'm a bit unsure here. Also if they are not reporting the actual Net profit then this should ring alarm bells for all involved here. Doesnt matter if gross profits are up if actual net profits are down imo. Maybe I have just mis-read the RNS!!! If we are heading towards another recession etc. then MPI will be hit very hard make no mistake. Can someone please help on the Net profit issue. I have checked last years Q3 RNS and have "Net cash at 30 September 2010 in the region of £71m (30 June 2010: £65.7m)" a real significant decrease!!!! I maybe wrong in my observations here.
Agreed. I don't expect Thursdays announcement to be uplifting in anyway as well. Also, with facebook, social media and phones I'm sure lazy people who cant be bothered to buy cards send birthday messages for free, have hit into CC market shares in recent years as well.
If I was invested in MTC the biggest worry is the very thin profit margins. Agreed, competition is nothing new in the past 6 months but it is the intensity of the competition which is only increasing. As time moves on they will lose more and more market share unless they do something about it. In dire teams, its the survival of the fittest and I dont believe MTC is the fittest. Also I find the compensation of the Chief Executive and Finance Director hard to comprehend, given the size of the company and comparable competitors. I would not be happy with them if I was a shareholder here, in fact I would demand a shake up of the board. Anyways, its all my observations and as you said, a forum is to discuss opinions even if we do disagree. GL anyway if you are here and hope it turns out well for you. I'm staying out of MTC for a while yet.
Sorry must have been typing too fast "whilst ROE 5 year 4847 to 3.41" should have been 4.47. Apologies again. Anyway, I'm willing to hear the arguments from the other side of things so feel free, but please don't throw up libel again, I find it rather immature just because someone has a different point of view. This is a forum to share opinions and views regardless of what side. Is MTC another HMV, Dixons?!?! If they keep continuing the same path i wouldnt put it out of your mind. Maybe not as soon, but DYOR.
Fair enough, my views are based on the fundamental analysis first, then trending and then technical (ill not go into the last two as it depends on your own views on this). Net Asset values are at 192.8m but that is not to mention the 107.1m tied up in goodwill which I always take into account.Goodwill and intangible assets are always hard to value and are quite murky waters.That amount of Goodwill should always raise eyebrows compared to the rest of the assets MTC has. P/E is at 23.14 and P/TVB value is at 4.34, both are expensive still if you are looking for undervalued stocks. The ROA and ROE 5 year average has decreased significantly this year. ROA 5 year average is 4.47 to this year of 1.59, whilst ROE 5 year 4847 to 3.41. Now not only are the margins ice thin, they have actually decreased as the years go by. Net income, Cash flow, cash holding and EPS have all decreased year on year. Now it doesn't matter if overall revenue increases if net income decreases, you are seeing only what you want to see. The chief executive selling 2.2m shares at the start of September at the price of 342 does not inspire confidence, nor the fact that he compensates himself over 5m per annum, which is a ludicrous amount given that he has not improved anything about MTC and it is significantly more when compared to companies twice the size of MTC. Where do you see the improvement coming in 2012? if you think just that people are gonna buy MTC just because people have more children then you obviously haven't done your research, MTC is falling fast behind the times against online (and better valued) competition. In harder times, people look for the better deals, and MTC does not offer that. Just go into their stores and have a look at the prices and compare online to the most popular baby products. They are over exposed in the bricks and mortars side of things. A bad Christmas (very much on the cards given the Macro factors) and this will plummet and you will not see the price you bought at for a very long time I fear, unless the management do a massive turnaround, change strategy which quite frankly is not happening. I am very bearish on this and your threats of Libel laws have kinda annoyed me even if it is to homeandtravel and not me. Be flexible in your thoughts and if you are wrong, you are wrong,move on . Cut your losses. DYOR first, accept if you have lost money and dont get attached to a share you bought. I find that the first cut is the best cut. Only way to make money on MTC is to short this, and I wish I had (which I said previously) at 425. Would have made a bomb. the fact you have said "nothing has changed" is a rather myopic view of things. Things have changed and for the worst. My advice: sell what you have at a loss and move onto another opportunity or short this. Only positive thing about MTC is overseas growth, but I wouldnt exactly grasping onto this with both hands. Competitors are doing the same as well
It is my own belief and many others (people who have made a lot more money than myself or anyone on these boards) that the market is right at the precise time with all the information given most of the time, around 95%. I did not say the market is ALWAYS right, merely that it is usually and rarely wrong. The market does throw up anomalies and mis-pricing from time to time of volatility and crisis, but I'm pretty positive that MTC is not one of these Anomalies. Even at the current price of 180 I would not deem this as undervalued, Id expect this to drop off much more in the long term. Would even consider opening a short on this. Given all the current information available to the market it digests it much quicker than me and you and comes out with the precise price at the point in time. If you can outguess and beat the market then you obviously know something a lot of pro's don't! I am all ears to where your thoughts are on this and other shares if that is the case.
Nothing wrong with shorting even if homeandtravel is. Need shorts to keep a diversified portfolio especially in this current market. Had a short order myself for MTC at 425 but it never hit it, which is my loss. Everything is against MTC, fundamentals/technical/trend. Best Never to get emotional over a share, if you made an error in judgement just admit it, cut your losses and move onto another opportunity. Sometimes sitting on a loss you only see what you want to see (I've made this mistake myself in the past, an expensive lesson). The market is usually right in its pricing. All imo of course.
To be honest, I wouldn't consider today's volumes as anything significant especially with the volume of shares in issue. Would have to be a significant percentage of that where I would consider as effective in the SP movement. Why not considering shorting some shares/indexes to keep a balanced portfolio and hedge it against your losing options. BSLA,CC, and HOME retail shares all look ripe to be shorted in the short/medium term, so to are the main German and French Indexes. Obviously DYOR and all imo. ACHL has decreased almost 40% since the RNS which I am sure many who bought in did not expect, definitely will not jump back in until it trends upwards significantly. Never averaging down is one of the most important lessons I have learned the hard and very expensive ways.
Yes I would agree that with the recent RNS the current SP at under 40p and cash levels seem to view ACHL as undervalued. Only worry is that the SP may decrease further taken into account the macro-economic factors as well. Anyway GLA and BERT.L you are correct I think the view is generally cautious optimism but right now. However, I don't think it would change ACHL into an uptrend anytime soon. This is a long term hold for investors rather than anyone in it for the short/medium term.
Every time I've gone past one of these stores they seem absolutely empty, and this is usually a friday/saturday/sunday when you would expect them to have major footfall. Its only my observation but fundamentals (resignations of CEO and FD not a good sign), online competition, general traditional retail sector decline does not bode well. Would have to be an extremely brave person to buy, even at these prices. Only Ashley can really turnaround the SP I feel and I dont hold out on that. He might as well wait till the SP decreases further, which they will imo.
Not looking likely BERT.L at this rate. Check out the board on: http://www.iii.co.uk/investment/detail?code=cotn:ACHL.L&it=le Will wait to see if this turns and market sentiment for ACHL changes before I buy here again. This cannot be blamed on general market sentiment alone. Obviously the market doesn't like ACHL at the moment and even though the recent results was indeed impressive, there is a lingering doubt that maybe it was "too" impressive. Indeed it could all be nonsense and just guilt by association, but something is certainly amiss here and the market is usually not wrong in its pricing (imo).
Highlights for the 12 weeks ended 23 July 2011  Group sales declined by 1.5%.  The Group’s store base decreased by 25 to 654 stores at the period end.  Sales in the UK declined by 2.3%, with like-for-like sales2 down 0.2%.  In local currency terms, total sales in Rest of Europe (The Netherlands, Belgium and the Republic of Ireland) decreased by 2.3% with like-for-like sales down 1.7%. After allowing for the movement in exchange rates, this translates to a total sales increase of 1.7%. 12 http://www.carpetright.plc.uk/investors/results-presentations
http://uk.reuters.com/article/2011/07/31/uk-direct-blacks-idUKTRE76U1H820110731
http://www.ft.com/cms/s/0/84b08358-b444-11e0-9eb8-00144feabdc0.html