Member Info for rustybucket

Whats Hambro got to do with it. This time.

There are no new shares in issue yet, and people buying now don't qualify for any extra. So its a case of wait and see,

I don't think the 0.17 and 0.14 shows what the market thinks, as there is the uncertainty about the loan. That is factored in. Lets see what happens at or before the 31st. That will give us an idea of where we are at.

IRC Second quarter trading update 27th ( Friday ) Trying to raise further finance to pay off POG their bridging loan and re-finance existing loan with new lender.

Info on IRC website. They have the bridging loan, previous board also voted against resolutions. EGM announced and new board are voting with them. Jobs for the boys. They say they are still in talks on re-negotiation of borrowings and finally they have the authority to allot shares for bonuses. Who are they kidding. They should be rewarded for success, not absolute failure.

approaching for news on IRC, I wonder how these talks are progressing.

we need as many learned people as we can find to counter you know who. We will have our day, He or she will get theirs.

Dear CofE personally, wouldn't touch UKOG with a bargepole, I have watched companies that David Lenigas has been involved in for years including REM, When a child executive is "tweeting" price sensitive information you know something is wrong. Perpetually needing to raise capital and funnily enough every time they need to raise it share price conveniently goes up to allow them to raise the capital by placings and the market is then flooded with shares. Not one for me. Game group, Woolworths and HMV yes they have been knackered by music magpie and others. Some mothers still love mother care although there is competition. You asked for a company, I gave you one. Don't know enough about the other 2 companies you mention but, its not an area I am interested in. Good luck with your choices. WI

why doesn't he just post on here.

For a Punt and it is a punt. Mothercare.

As for this we need to sort out IRC before any real progress should get an update before 31st July

correction, announced at meeting 26th

yes you are correct end date 25th meeting 26th and admission to list 27th. Results to be announced at meeting 27th. As normal my broker not very efficient.

final date for my broker was Today. Don't know if others have longer. They will then need to see how many people asked for and see what allocation they have. Totally depends on what the take up is. I would imagine it would be about a week before shares are issued, will check further.

Personally ( being realistic 0 I cant see this going anywhere near 40p in weeks. I would imagine we will have an idea by Monday how many people have applied for shares. We will then see the allocation. If there is a good take up that would be positive for the shares. People who are long termers have the opportunity to either buy their extra shares or see massive dilution. But if their is a low take up the underwriters will have a lot of shares on their hands and it depends on who and how they place them.

Interesting one. We will know better by Monday. I have not bought for weeks or months. This is one to put away for years. If price drops, I may buy some more and put in an ISA. We will see. Enjoy your weekend.

Yes I do a mere 914 from years and years ago. To be honest haven't looked at share portfolio for years ( because of some bad investment decisions ) I have taken my whole 914 plus the extra 9140 I can but. Cost just under 2k.

I intend to just put them away and leave them. But, I might just be a bit more tempted to keep an eye on them more in the future. The deal specifically and the long term seem fine, because whether people take up their options or not the company get the money as its fully underwritten.

I am not saying there may not be a dip because it depends on the take up, but I believe a lot of the uncertainty is taken away once the refinancing is completed. Now, I am not suggesting that this can hit £3 or more again, as that will be totally unrealistic based on the extra shares in issue, but, if they get it right I can see it heading for maybe 50p within next couple of years. For me its worth the gamble as a lot of the uncertainty has been taken away. Mothercare products are still quality products what they need to ensure is that their suppliers are giving good deals and that they strengthen their online business. This could be quite a turnaround story.

Might have bought more shares if I had taken a bit more notice, but for a punt I am happy.

I use explorer as well for the same reason. I have had problems in past with edge and also this time with explorer. Both times after visiting this site. I was also bombarded with junk mail. So someone was getting my e mail address as well.

It is fully underwritten, so they are getting the money !!! If there is a small uptake there could be a lot of shares flowing about, BUT, it could also lead to a predator looking to build a stake which means price could rise markedly.

I think there is much, much, more upside than downside.

On a serious note you have to weigh up dealers costs and spread. If you are looking long term and the company survives, it is a no-brainer in my opinion.

It will 100% NOT drop tomorrow. Why. Because its Saturday ( lol ) Sorry !!!!!

I used to get lots of problems using edge. Will never use that again. There have been numerous problems with this board recently including it freezing, going off totally, not allowing people to post, giving the wrong share information etc etc .

This could be down to them " making improvements" or something interfering with the site. I notice now, also that when you post it is hard to see the full post as they have an advert right over the first post. Irritating !!!.