Member Info for oldtimer

The more I look at this the more I prefer it to Debs, with the placing already G/Teed and a 50p share and now no need to consolidate more we should start to see an improvement in sp from 17p- 19p once it settles down, and now knowing that one can sleep at night .
Where as debs could nop be facing all this within the next 3-6 months if sales do not improve.
Still think this will settle down a little to 17p-19p before the end of the month. could be wrong.

The problem with debs at the moment is the fear of the un-known, with so much debt vs MC and a 1p share they could easily go down the same route of re-construction and dilute to keep the directors in jobs, and sod the pi's.
Where as Mothercare have already just done it so one can sleep at knight knowing the sp should make a slow recovery .

There will be many that support GD and voting by post before the agm, let's just hope they are right and the trading up-date is good because if it's bad and been held back to the 18th it will be too late for many to change their minds and if GD wins they could have egg on their faces.

Mothercare did make a loss of 72m but much of that was for restructuring , and they have just raised another £32m to off-set lots of that, where as Debs has debts of £248m and rising and could be £260m by year end.
I am not de-ramping as I am already a holder of these, just trying to get some sort of comparison for value for money.

Just been looking at Debs in relation to Mothercare.
Debs had total sales of £2.9b and made a profit of £59m fy.
Have total debt of £248m.
Now have sp of 14p ish, and where does this go? Rights issue etc ?
Are they now facing the same old problem that Mothercare has just gone through.

Looking at Mothercare who are 50p shares have of March 2018 Total group sales £654m
Total online sales growth continues (43% of UK sales now online)
Total nett debt of £44m
Just had a re-construction of
A fully underwritten equity issue to raise £32.5m from our existing shareholders (the "Capital Raising")
The Capital Raising will be effected by way of a 1 for 1 placing and open offer at 19 pence per New Ordinary Share which is expected to complete on 27 July 2018
Which will result in the transfer of 13 of its 22 stores to other Mothercare group companies to continue trading
The completion of the Group's other CVA Proposals and the administration of CW are expected to result in the exit from 60 UK stores and a continuing UK store estate of 77 stores for Mother care as a whole by June 2019, with 19 of those stores on reduced rent

Which one is in a better position.?

Just looking at Debs in relation to Mothercare.
Debs had total sales of £2.9b last year and made a profit of £59m fy.
This year it's looking like about £45m
Have total debt of £248m.
Now have sp of 14p ish, and where does this go? Rights issue etc ?
Are they now facing the same old problem that Mothercare has just gone through.

Looking at Mothercare who are 50p shares have of March 2018 Total group sales £654m
Total online sales growth continues (43% of UK sales now online)
Total nett debt of £44m
Just had a re-construction of
A fully underwritten equity issue to raise £32.5m from our existing shareholders (the "Capital Raising")
The Capital Raising will be effected by way of a 1 for 1 placing and open offer at 19 pence per New Ordinary Share which is expected to complete on 27 July 2018
Which will result in the transfer of 13 of its 22 stores to other Mothercare group companies to continue trading
The completion of the Group's other CVA Proposals and the administration of CW are expected to result in the exit from 60 UK stores and a continuing UK store estate of 77 stores for Mother care as a whole by June 2019, with 19 of those stores on reduced rent
Which one is in a better position.

So it now looks like it could go below the 19p offer price, will many hold off to see where it ends first.

At the end of March they had £248 m debt and it's probable got a little worse since then , and they have a MC of what £178 m at today's price so not a good place to be in.

The only thing that concerns me is,
They are just like many other retailers that have seen their market / sales / profit all change for the worse, and still being a 1p share they have large debts and it wouldn't surprise me if they had a rights issue at say 10p x millions of shares then a consolidation. This has already happened to many other retailers and they would be fine in the end but the pi's would again end up the losers.

Yes I bought in at 23p but thought I might but a lot more now at 14p ish.

So where is the bottom or was it 13p something and now on it's way up?

As far as I understand things, they never got the 75% vote needed on the childrens world side to allow that to continue and they have now gone into admin after transferring some stores over to the mothercare side.
Even after the placing / open offer to raise enough money there are many that think the business is still going to have trouble and at even 19p could still be over valued. Just look at Debs trading at what 14.5p now and must be more stable than mothercare.
I suppose we all see things differently ., but if you know a lot more then share your knowledge and help others that might be about to invest in mtc.

Life is a gamble, this 1 for 1 is the offer at 19p on whatever the qualifying day is, is a placing and open offer.
So if the shares stay at about 23p ish and you get another 10,000 at 19p if you are happy then fine, but remember all those that are not already holders will also be able at 19p in the open offer.
What often happens on placing and open offers is the sp will end up at about the open offer price and because Mtc is in such a state I think this is more likely to happen.
So if you think the sp will drop to 19p - 23p anyway you might as well sell them now at 26p and then buy in 20,000 at 19 p in the open offer. Choices . I hope this helps, but I could be wrong so it's up to you to decide. Best of luck.

Yes all very quiet, you would think that by now the brokers would have put out some info from the day visit.
Also I just wonder what will happen to the sp if GD wins this battle and keeps his job?
I suppose it all depends on the trading up-date once again. could be 50p or 40p

We all now know that this vote is for survival of GD at any cost, he never has worried about the shareholders until it starts to affect his job / salary/ bonuses/ free/ cheap shares.
He will do whatever it takes to keep his job for another year and then worry about next years vote of confidence which I guess will happen again if he is still there.
But we all could be wrong if the next trading up-date on the 18th is super growth and the sp goes up 15p-20p.

So now that oasis have 17+% they should be able to demand a seat on the board.

So 8 days to go and Oasis and Paulson already have about 23% that they control without all the others that are supporting them, so it might be close or it could already be on the cards. Now if Oasis can buy another 5% and take them to 23%+ there could be fireworks.
The q1 up-date to July 1st will be out on 18th but the bod's must already know if we are up or down vs last year so that will be interesting, if we are up say 10% that could save GD's bacon but that would also be a big shock to all.

with the prize, not price.

Could soon be In a funny position,If Oasis wins this battle and gets GD out they could then force pfd to sell Batchelors off.
But because they will see Nissin as part of the problem they will try to sell Batchelors off to someone else to get a higher price, and if that happens it could stop Nissin from becoming the major noodles player they want.
Again it's the sign that now Nissin should try to bid for the total of pfd and then sell off what they don't need leaving them with the price and maybe for nothing and the end of the trading.

And when the analysts / brokers come out with their new price targets of 80p this could be 65p within 2 weeks