Member Info for rustybucket

costs.

Thats an awful lot of money to find. Kaz never one to send you to sleep/ Always something happening.

Like a bloody yo yo.

it was at a £1 a year ago and over £4 4 years ago. as we have had the open offer and placing that does stem the possibilities but, if they can turn it around £1 is definitely achievable.

The foundation has been laid, the company was in a bad shape. It is in a much better shape now. Plenty of upside potential. It will take time though. Much much more upside than downside.

Cofe, I appreciate your frustration. Dont know how long you have been a shareholder, but, imagine you bought this at over £10 on the promises of Peter and Pavel, and think how you would feel now.

The pox hub is our crown jewels it has taken a long time and a lot of money to build. We need to keep it. End of.

if it allows someone to get 9if off their chest, where is the problem ?? You have the filter button, if you don't like certain peoples posts filter them.

If the moderators don't like them they will remove them.

Free speech and all that.

Yes you are correct, I am wrong. Good job, as I wouldn't have got the extra shares. Have to say for the amount I am talking about it reduced my average only.

Reality is, whatever way it worked the company was getting the money as it was underwritten. If it was 100% or more subscribed to there would have been scaling back of shares to be bought.

If I had a large holding here I would maybe take more notice. Will see how it goes.

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Hi Coathanger that is the very reason I post, He/she/ or it is filtered.

I only see posts when I forget to log in initially as it is FILTERED.

I cant remember on any board such a repetitious tarnishing of a company.

It must have been BADLY burnt to try so hard to taint a company it "supposedly" not so long ago was invested in and still trying to tarnish it. "We will have our day"..................... I hope.

I couldn't listen as was at work. Tried to click on link and wasn't available. Might be updating website.

Logged in without putting name in and unfortunately got to see the usual dross from our beloved friend.

saw this. "I didn't flush away money on Blnx - overall I've made a very decent profit by following the newsflow and adjusting my opinion ...I'm more than happy with my TLY holding - thanks for your concern "

Had to laugh "following the newsflow and adjusting my opinion" his her or its opinion has been the same ****ging off RTHM

I think you are reading this wrong, They were looking to raise the money through placing and open offer. My understanding is they received acceptances on 77% of the total so as a percentage more than 100% of basic allocation was taken.

9th July 2018, Mothercare announced its intention to raise gross proceeds of approximately £32.5 million from the issuance of 170,871,885 New Ordinary Shares by way of a Placing and Open Offer at a price of 19 pence per New Ordinary Share.

Â

The Open Offer closed at 11.00 a.m. on 25 July 2018 in accordance with its terms. Mothercare is pleased to announce that it has received valid acceptances from Qualifying Shareholders under the Open Offer in respect of 133,046,870 New Ordinary Shares, representing approximately 77.9 per cent. of the New Ordinary Shares available pursuant to the Open Offer. The remaining 37,825,015 New Ordinary Shares will be taken up pursuant to the Placing.

The offer didn't bomb, in fact very much the opposite it was over 70% subscribed and many took their full offering plus 10 times their initial allocation. So on a basic basis, there were more subscribed for than the bare minimum allocation.

It was underwritten anyway so Mothercare were getting the money. But less to be allocated elsewhere. I also think there would be plenty people who took their full allocation, and also want more.

I wouldnt have thought so as new shares were issued. How could you purchase shares if you were short ? Possibly if it was oversubscribed, but it wasnt

Poleaxe did you pay for them ??? as it wasnt oversubscribed ??

Pay £480000, shares before placing 50000. Number he could have subscribed for 550000.

He subscribed for 200000 at a cost of £38000. Poor show. But better than some of the others.

not looking as if there are a lot of trades either, although this could be due to some institution buying or selling and not informing market yet. Time will tell.

I think at moment sp is positive. There are always some who are looking to make a quick buck, and there would be shares available with underwriters.

I think we must wait until the next update before any major movement, because, people will want to see that the company is making progress.

There are a lot more shares in issue now so that will reduce the potential upside. .

Salaries can easily be obtained from annual report
Clive Whiley came in on salary of 480k
Non exec chairman voluntarily reduced his from 200k to 130k
Other directors fees reduced from 50k to 40k
It is important to understand that directors often sit on more than 1 board. The performance didnt meet bonus requirements.

Floor staff in comparison, are paid £8 per hour.

Contrarian, I would love to disagree with you on this one. Unfortunately, I cant, because their correspondence previously, advised of the very points.

Easy to blame others for your faults.

Depends what you class as large salaries. These people should know more about the business than any of us. I am not on a large salary, but, based on the information I thought it was the only option to take up the full allocation to reduce my average and at least have a chance to take something from this sorry mess.

Normally directors have other assets and I still think it is a big negative that the people in charge of this sorry mess have not supported the company when they expect others to do so.

Looks like they are trying to get pension into the PPF.