Mothercare (MTC)

[Alaric]

Appears on the verge of going bust.

A dismal share price performance

http://tools.morningstar.co.uk/uk/stock ... E%24%24ALL

No dividend for many years, so likely to have been avoided by Income seeking investors.

https://news.sky.com/story/ailing-mothe ... s-11853680

[PinkDalek]

The article commences A decision to appoint administrators in the UK would not involve the wider Mothercare international operations, Sky News learns. and later suggests it shouldn’t impact the quoted company directly (subject to refinancing).

[PinkDalek]

Here's the:

Mothercare PLC - MTC
Restructuring Update
Released 08:02 04-Nov-2019

https://www.londonstockexchange.com/exc ... 92647.html

Including In the financial year ended March 2019, the brand generated profits of £28.3m internationally whereas the UK retail operations lost £(36.3)m. and These notices of intent to appoint administrators in respect of Mothercare UK and MBS are a necessary step in the restructuring and refinancing of the Group. Plans are well advanced and being finalised for execution imminently.

[PinkDalek]

I missed this from yesterday evening:

Mothercare plc

Completion of Transformation Programme

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/MTC/14295594.html

Others can pick out the detail but that would no doubt be the reason behind the share price recovery today.

[Pipsmum]

Very interesting right now. They've made a trade deal with Boots and the share price has begun moving again at the bottom. Currently under 10p but fluttering about.

https://www.retail-week.com/companies/m ... ?authent=1

[Pipsmum]

AGM due 23rd Sept

https://www.proactiveinvestors.co.uk/LO ... rns/856666

[Bouleversee]

Seems rather a pointless exercise.

I have mentally written off my investment in this company and I doubt I'll ever even be able to make use of the loss.

[Pipsmum]

We can but hope...There may be lots more babies due to lockdown. Don't suppose they will go out of fashion anytime soon. Mothercare stuff was just too expensive from my vague and distant memory.

[Itsallaguess]

We can but hope...There may be lots more babies due to lockdown.

Your home-schooling experience must have been a lot better than mine...

Things got so bad that I nearly booked myself in for a vasectomy a few weeks ago.

I've actually already had one, but I just wanted them to make absolutely sure...

Cheers,

Itsallaguess

[dealtn]

We can but hope...There may be lots more babies due to lockdown.

Pretty much the opposite I think.

Economic shocks are correlated with a drop in births, and I doubt this will be any different.