I missed out on this one from last rise, hopefully I caught it with the horns this time round...

Recently hit 2.67p...been slowly creeping down...

I think everyone on BB's made money except me...this time Im on the right side.

TA.

Jules99.

Matalan now looks very close to shifting..just needs a push now...spread far better than am.

2.36/75 -2.37/25

worth watching what happens..

matalan - good call.

250,000 trade went through, which makes up+ for BUY volume

Tmorrows another day...

18th nov. EGM NEWS- MATALAN Board APPROVE AND passes new long term Incentive plan...

cant complain myself...

Looking at trades so far - lookin good this morning -

No bullshit but 98.1% is BUY volume!

Nov 19

John King C.E.O. and Phil Dutton Group Finance Director granted options to
require by transfer 300,000 shares

MTN lookd very attractive at 2.32p, picked up a few extras...15% discount to recent high of 2.67p

alomost out of negative terratory and Risen back up to 2.35p, now -0.5p..

2.35/5p to Buy

ta.
jules99.

Gone in 2.25

Doesn't get much better than this...last time MATALAN was sub 2.20p

what happened, it shot to 2.65p...

Cheap stuff at 2.18...

DYOR and check charts to see what I mean..

Jules99.

UPDATE -

Looking at charts today, Matalan requires to break into 200 dayMA towards 2.24p - after which a steady rise uphill looks very imminent.


Bought in prematurly a while back at 2.35, (as I missed big rise last time), however at 2.18p MATLAN is cheap as chips in comparison.

Good Luck to all..!!!

Profit warning from MTN today shares down 19% to 1.74.

Unfortunate, but now you know why it was as cheap as chips!

Deutsche = Buy
rgds aj

The problem with new threads is there is no history.

The orginal reason MTN went up was there had been quite a lot of takeover specualation that then fizzled out - and guess what - its back!

Ok anyone else been mad enough over the last few days to jump
back on the MTN train?? I bought in yesterday at 174p. Well all
the reasons why I bought the first time around are still potentially
good - could be brought out, taken private, merged etc.
Just have to wait and see - trading update next week.....But don't
expect miracles.

The market expects about 14 to 15p of earnings this year increasing to 17p next. So, fairly valued ignoring TO speculation.
Next time it gets over 220p I'm out though.

Agree with you brianboru - this is a real speculative one from
my point of view so I wont get 'creative' - although...if it's rising
strongly it could be tempting - last time I was supposed (according to me!)
to be out at 250p but held on for 261p!!
Nice to know there's someone else on this train too!!

Plodding back to break even....

We are moving up and currently over the 200p marker!
Great stuff but apart from the 'mutter from the gutter' element
that could be responsible for the rise - due to the MKS business,
anyone know of any other reason why it is currently back in fashion?
(Brianboru - you still holding these?)

keep hold bunny,look for the magic 2.60,,,cant say to much nudge nudge/wink wink you no it makes sence,
jamie wants to go and play .

brokers recommendation=NUMIS BUY=matalan with an increased price of 240p from 190p

tick,tick,ticking along, nice.

Dave - I may not hold on until 260p this time - did last time I know -
but I took more shares on board this time so it would be possible to
jump ship faster if I felt it a good idea...but I'm still holding for now!

tick ,and a bit.

tick,tick.whats the chance the dow goes blue ?

Hopefully it will (Dow blue) and the gains from this morning will either remain
or increase this afternoon. At least now the spread on MTN is better,
at one stage it was 207.50 to sell and 210.00 to buy - which is slightly
taking the do-da!

spot on bunny,with all this iraq business brought forward ,it well be good news short term.i mite change my target price 2.30/2.40 ish .other stocks waiting to be taken.

Yes that's the problem isn't it - there's several decent targets currently
to invest/trade in....I'm contemplating 229p on MTN but there again if it stalls
at 220-odd I may be tempted, that still delivers over 40p per share profit.
Mind you I don't think we will get that lucky today...needs a bit longer..
But all we can do right now is wait on the US Opening...

yes,it could take till the end of july/august for 2.30.i have just come back from my local store , packed out , 18 in a queue in front of us spent 80 on kiddy summer stuff.to full baskets for 80 quid,,a real deal.

Fears of higher interest rates and people having less disposable income
should assist the discount retailers - in theory, or so they say, meanwhile
like yourself I will track down the best value when it comes to shopping!

to right.at the end of the day,what do 5/6 year olds now about brand names.as long as it`s barbie/action man.
i am sure there is some irony in the above sentence,,,,sorry.
ps i asked the lady at the till about staff discount`s,,,she said ,she was new but ,,she thought there was a 10% staff discount,,,now that sort of benefit should be applied to share holders,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,just a thought.

tick,tick,tick,,, along. good job its not a sprint.

Positive movement...that's what we like to see!!

DAVE!!! Just sent you an email privately, hope you're watching MTN
now up 4p......

just came back in nice movement,there must be just the 2 of us intrested in mtn ,no other people are bothering.i have no email in my box,bunny.try again.

just came back in nice movement,there must be just the 2 of us intrested in mtn ,no other people are bothering.i have no email in my box,bunny.try again.

2.14,not to bad bunny , i dont think the level`s of 1.59 will be about for a long time.yyyyyyyyyeeeeeeeeeeepppppppppp ..

broker DEUTSHE reiterates BUY MATALAN (raising the target price to 240p from 195p raising estimates)

Thanks insur for that information - 225p and I'd be happy - we need
some renewed bid/buyout speculation chaps!

look`s good for thursday`s agm,lets hope the share price ,reflect`s the current outlook,,,,good we hope.

a small bounce,late afternoon more of a correction than anything.thursday`s level i expect to see 2.20 +

MTN will never go bust!

Could be on the bounce by the look of things. Yahoo Bizz have resistance at 260p

Valuation using Matalan plc 's current multiple (P/E):

Fiscal Year Est Low/High Price Range Avg. Est. Price % Change for Average
2005......................210.56-330.88............ 270.72.........30.29%
2006......................204.92-394.80............ 306.44......... 47.48%


Above from MSN Bizz

Looks like there is some slack in the price, not one I follow though!

you missed a good one here seawall,cheers .

If there is a recession in the offing, what about Big Food Group (BFP). We will all be popping into iceland for our frozen pizzas and findus crispy pankakes..it might save us impovershed investors from the soup kitchens - also looks quite cheap at 93 pence.

i did sell big food group,to buy mtn at 1.77,bought at 98.but my booker cash/carry card has just ran out,end of june.
but i have bought again last few weeks 1.06,so another card is on its way.

Dave

I hood BFP. Do all share holders qualify for this card?

yes, no amount of shares needed you could just have 50 if you wanted,a great perk i`ve spent loads in booker.

do you allready hold i have just read your thread.

Yes I do.

Thanks for that, I will chase it up.

Good info and tip.

seawall,how many shares do you hold i had 10000.but i read you will still get a card as long as you where a share holder,go to there web site and send them an email,i see no reason why you dont have one thats strange?

Nominee Account with Hargreaves and Lansdown.

They are good as all orders are efficiently executed, but I never get shareholder circulations or in this case perks.

I hold a mere 250 ish at the moment.

Watching today on MTN - still looking for the 'bottom out' on BFP
Guess as my BFP are held online (nominee a/c basis) I wont see a discount
card either - rats! Never mind....

I have emailed my broker for details of my holding including the number required then I will phone PFP and sort it out.

I will let you know what happens.

I am surprised the BFP has dropped so far.

I thought thay had only a little exposure to SBRY, not justifying the drop.

May buy more.

Would buy MTN but now it has left my bottom price by about 10p

Thanks SeaWallWalker that would be great to know if you don't mind - cheers!
I know (BFP) seems badly under-valued right now, but the whole sector was
getting mashed the last time I looked this AM,it will settle down again
but when is the real puzzle....More BFP is a very tempting prospect for me too!!
If MTN reach what I want soon I might..

stockbunny, will do.

I done got some more BFP.

There is shareholder meeting on the 12th, whichmay affect the price towards the up.

The price is through support and I do not seeing them go bust.

Wait and see now.

hello all,saewall,i think that is why you never got your card {nom account,no cert} .did you get any vouchers for iceland you should of there free ,there money off in house buys.myself i dont use {nom accounts} i like to have the paper in my hand.as for big food group,i would like to buy more,but i have just bought at 1.06 , i have to many boiling up at the moment 16, so thats it for now,let me no how you get on.
bunny,going well today i think its just a correction of the last few days.tomorrow agm, will be the turning point i think may see ,,,,fingers crossed 2.20+ be lucky.

Thanks Dave

seawall,are you any closer to finding out,why you did`nt get the benifits,,card/vouchers?

Bet it's the usual problem of a nominee account - if I buy in further
I'll consider running it through the other broker I use to hold in
paper - if it seems worthwhile - will check on the BFP site for details.

i would bunny,a lot of these accounts,keep the benifits themselves,,,,,,after all they now all your details,dont they.

have you sent them a email,you could also try this,,,www.capitaregistrars.com,,you will need your tax voucher number to access this,,,,,,,,,,ps divi on monday,,,,,yes....did you get your vouchers from iceland.

Dave - ok bear with me I am a bunny after all - but I've been on the BFP
site and can't find any reference to shareholder perks/incentives etc,
tell me where to look please if you would, cos it's driving me NUTS!! (lol)

No Dave no incentive items at all, but I may buy more and if it's
worthwhile I'll hold them on paper - if the vouchers etc outweigh
the diff. in fees to purchase them that way.

bunny , i`ve looked at there new page,,this is what i would do

homepage,go to
investor relations,and than go to,
shareholder services,and then click on ,,,,,,,click here,,,,than give them what details they need,,,,,,,good luck.

Stock bunny, he is right, that is the way, but as nominees, we do not have the shareholder number.

H&L did not reply yet to my mail.

Gonna phone.

seawall,did you not no about this deal,,,,,honest.

Really, no!

Only thanks to you, I do now :)

I just spoke to my broker, they are going to claim it for me and send it out.

I will always keep at least one share in PFP now.

Resolved for me.

Phone call seems to be the way stockbunny.

result ,,,,get down to your nearest and get the beer in,,,,,,,,result,,,who`s your broker.

Well I was considering holding some more, so this is what I've done..
I've bought some more this afternoon but 'on paper' so I will
automatically get the incentives - the second lot (held on paper) I'll
consider holding longer-term and the first lot (on nominee) I will sell
on if the share price moves up in the shorter-term.

Sound stock bunny.

Hargreaves & Lansdown.

They are very good. Never anything too much trouble, all orders competed well, good prices obtained if they go to the floor........... buy one. That's my advice!

Hargreaves & Lansdown that is.......

i`ve heard from dave,that you never had your cards.but now you are getting somewhere that`s good.as for things you can buy there,we have had allsorts,there own brand goods {chef`s ladder }are not to bad,i go to by there fruit and veg,cleaning things,bathroom things wine,some beautiful red`s{marcel hubert} 6 bottles 14.00 with vat,nice.
everything you can get at sainsburys/tesco,well worth a trip.

carol/mrs dazzler.

Thanks Carol!
On the MTN front - it's not a sell day for me today, but some
progess made in the right direction...another day tomorrow!!

Hello Carol.

Nice to here from the brains of the outfit! :)

Thanks for that, and we Look forward to the trip.

I have a Bookers and an Iceland about a mile away.

brains of the outfit,,,,,,,cheek of it.
no you will have made your money back over 12 months,and you mite get a bigger divi hay . allway`s plesant in mine,but i`ve been to loads of different ones around here ,really handy at christmas,plus we get are diesel oil for are car from there,castrol gtx diesel 9.99/20.00 at halfords,,,,,,,bargain.

a nice spread of priece`s,before first bell!

Dave

Got my discount card today.

Told you my Broker was slick!

On with the show.

Thanks very much for the tip.

get in there,,,,,he`s slick..
ps,,,,,i bet he had been using your old one`s himself.

and go down the sweet - isle,it will take you back???????

Difficult to say if the drop on MTN today is due to the rejection at MKS
or in response to the update today - either way it could do with a lift!!

OK So why didn't we hold back until today to get more BFP?
Could have picked them up for 85p (growl!)

Blame Dave

DAVID!!!!!!! I WANT A WORD!!!
(giggle)

yes true 85,1.06 my last batch........at least we no there bid offer was 1.95.so thats a bottom price as far as i`am concerned,also remember the markets going down hill faster than a ball,a drop of over 200 points in a matter of days,well mtn,has lost what 10 pence,look at the share volume level`s,,,high,,,,look at the trades ,,,,,buy/sell,,,allmost even.
read through the trade statement!!!!!!myself i dont see any problem`s,everthing going out of the shops,,,,,,,bar men`s stuff,,,,,,well,i`ll be honest with you . all i buy for myself from mtm,is socks,,,,,,mens clothers ,,,,,whe are fussy sods,when men by stuff,we dont go to matalan,,,,,,,,,,,,,sorry.
after all i only payed 1.59,,,,,,a would say by the end off the day 2.10 level.

hello,

Ok we'll let you off then! (lol)

if you go to the stores,there busy no doubt about that fact.
there`s not many places that sell at there prices fact.
also,look at all the other stores that have similar problems,my local next store no long have men`s clothers full stop,,,,mks well that`s obvious they can`t give the stuff away, asda wallmart,,well i no they have opened a trial store,with out any food items,going well i belive,,,,well/well/well,we mite have something they want,,,,,after all this is why i bought mtn .

Matalan PLC
09 July 2004



MATALAN PLC



At the Annual General Meeting held on 8th July 2004 the following
resolutions were passed under special business of which resolutions 9 and 10
were special resolutions:-

6. To approve the Board Report on Directors' Remuneration as set out at
pages 11 to 15 (inclusive) of the 2004 Annual Report and Financial
Statements.

7. That, in substitution for all existing authorities and powers relating to
the allotment of relevant securities, save to the extent that the same may
already have been exercised, the directors be and they are hereby generally
and unconditionally authorised pursuant to section 80 of the Companies Act
1985 (the 'Act') to exercise all powers of the Company to allot relevant
securities (as defined in section 80 (2) of the Act) up to an aggregate
nominal amount of 13,757,441.40 provided that:

A) this authority shall expire at the end of the Annual General Meeting of
the Company to be held in 2005 or, if earlier, 15 months after the date
of the passing of this resolution; and

B) the Company may before such expiry make an offer, agreement or
arrangement which would or might require relevant securities to be
allotted after such expiry; and

C) the directors may allot relevant securities pursuant to any such
offer, agreement or arrangement as if the authority hereby conferred
had not expired.

8. That the Company be authorised to make Donations to EU Political
Organisations and to incur EU Political Expenditure (such terms having the
meanings set out in section 347A of the Companies Act 1985 as amended by the
Political Parties, Elections and Referendums Act 2000), not exceeding
100,000 in total during the period beginning 8th July 2004, the date of the
Company's 2004 Annual General Meeting, and expiring at the end of the next
Annual General Meeting of the Company to be held in 2005, or, if earlier, 15
months after the date of the passing of this resolution.

9. That, in substitution for all existing authorities and powers and subject
to the passing of resolution 7 in the notice of Annual General Meeting
contained in the circular to shareholders dated 9th June 2004 of which this
resolution forms part, the directors are empowered, pursuant to section 95
(2) of the Act, to allot equity securities (within the meaning of section 94
(2) and 94(3A) of the Act) for cash pursuant to the general authority
conferred by resolution 7 as if section 89(1) of the Act did not apply to
the allotment, provided that the power conferred by this resolution:

A. will expire at the end of the next Annual General Meeting of the Company
to be held in 2005 or, if earlier, 15 months after the date of the
passing of this resolution, but the Company may before such expiry make
an offer or agreement which would or might require equity securities to
be allotted after expiry of this power and the directors may allot equity
securities in pursuance of that offer or agreement as if the power
conferred by this resolution had not expired; and

B. is limited to:

i) allotments of equity securities where such securities have
been offered (whether by way of a rights issue, open offer or
otherwise) to holders of ordinary shares in the capital of the
Company in proportion (as nearly as may be) to their respective
existing holdings of ordinary shares but subject to the
directors having a right to make such exclusions or other
arrangements in connection with the offer as they deem necessary
or expedient;

a. to deal with equity securities representing fractional
entitlements; and

b. to deal with legal or practical problems arising because the
equity securities are represented by depository receipts or under
the laws of, or the requirements of any recognised regulatory body
or investment exchange in, any territory; and

ii) allotments of equity securities for cash otherwise than pursuant to
paragraph (i) up to an aggregate nominal amount of 2,102,206.90
being equal to 5 per cent of the nominal value of the issued ordinary
share capital of the Company as shown in the financial statements for
the last financial period.

10. That in accordance with Chapter VII of Part V of the Companies Act 1985 or
otherwise as permitted by law and by the Company's Articles of Association,
the Company be generally and unconditionally authorised to make market
purchases (as defined in section 163(3) of the Act) of its own ordinary
shares subject to the terms set out below but otherwise on the terms and
in the manner the directors may, from time to time decide and on the
basis that:

i) no more than 42,044,138 ordinary shares can be purchased;

ii) the lowest price which can be paid for an ordinary share is 10p
(excluding expenses);

iii) the highest price which can be paid for an ordinary share is 5 per cent
over the average of the middle market prices for an ordinary share,
based on the Daily Official List of The London Stock Exchange, for the
5 business days immediately before the day on which the share is
contracted to be purchased (excluding expenses); and

(iv) this authority will expire at the end of the next Annual
General Meeting of the Company to be held in 2005 or, if earlier, 15
months after the date of the passing of this resolution. A contract
to purchase can be made before this authority expires even though
the purchase will or may be competed wholly or partly after this
authority expires.

Copies of the resolutions will shortly be available for inspection at
the UK Listing Authority's document viewing facility situated at the
Financial Services Authority, 25 The Colonnade, Canary Wharf, London E14 5HS.
Telephone number 0207 676 1000.

Contact

J.G. Berry 01695 552400
Company Secretary






This information is provided by RNS
The company news service from the London Stock Exchange

as long as i get my divi on monday,,,,,,i`ll be happy,seawall well done for all that mate.

Welcome.

Things are looking up late afternoon.

:)

seawall,i will send you an email later. about mtn

Well I personally didn't vote for the political donations bit, personally
I really dislike the whole idea of companies making political donations,
it's all too American - like US presidents being backed by tabacco firms
etc....never know where that kind of thing ends...

OK (off-soap box!) so am I right in thinking there could be a share buy-back?
That would be helpful and might be the MKS stuff due on Monday - fingers
crossed!! Thanks Dave for mentioning the divi is due on Monday, as I was
beginning to wonder where mine was!!

bunny i have sent you another email.

SUNDAY TELEGRAPH :BUY MATALAN AT 206P

insur,are you a holder i am.

dave, long at 178p looks like these are coming back infavour again. chart looks good onwards and upwards i suspect.

nice one insur,my local store is allways busy,,,,,,,and theres no sale on yet.

Dave - cheers received!

have we all had our divi,well of to the bank then.

yes divi arrived this morning thank you.

UP 5 odd pence this morning...is it going to be a good week me-asks???
(No news that I can see to back the rise either...)

Ok now up 6p on a day when the rest of my portfolio is showing generally
red..don't know what's going on in the background, but something could be..
If you hold these I suggest you keep a close eye on them for a while..

Now showing up 8.5p...could be nothing but...

express. MATALAN (gossips suggest wal-mart is preparing to strike with a offer of about 300p a share)

Are you serious??? Can't see it happening but if it did..well
that would give the opportunity to actually grab a holiday this year!

hello people ,where are we with this one up a bit i see.

more speculation in the sunday express {financial}, sounds about right to me.

It's holding fairly well - or was when I last looked 8.30 ish this morning...

a nice bit of news there today from fidelity investments,cutting back on there holding down from 8.1 things are moving in the right direction.

are we all sitting tight then .
kohlberg kravis roberts,are leading the chase again,wallmart are my favourites to win the battle , but at a take out price of around 2.60, who cares,where happy.

I'm still holding for now - nice signs of movement today - haven't seen
any news recently - Dave is this another re-run of potential take-over talk?
(don't mind if it is of course..LOL)

MAIL= MATALAN (revised gossip that US retailing giant target is lining up a offer)

Price has dropped back today..we'll have to wait and see..

hello bunny/insur.should go well in the next 2 weeks bye all accounts,looking good.

result,just shy of 2.40,allmost up 50%.

Have gone short today

Well Done Dave! Shows holding on after the rest of us had jumped ship
was worth it for you in the end - good on ya!
Gausie - Good luck on the short.

cheers bunny,,,there`s value and there`s profit still to be had here.

Going very well up to now,and the bombs are going off in the highstreet,lucky we are out of town bang!!!!!!!!!!there goes the big W over the road.

Cheers apex we needed momentum.

With WalMart eying up Littlewoods and Apex looking at Woolworths, is there a danger that there's going to be nobody left to look at MTN?

Its showing up well now !!

Nice little tick up today, flying in the face of the high street doom & gloom.

Maybe some news soon on lee cooper queen,it must be due soon.

Yes DD otherwise hope will fade as quickly as the jeans themselves!

Nothing wrong with the faded look its the slashed that would concern me & the price tag,it seems that it is still going well at mtn over the counter.

Better than M&S anyway!

figures out next week. ?????? may drop a bit

I'm afraid that I'm out. I think the retail sector's in for a torid time and without any sign of a predator methinks my money can be better spent elsewhere. When the SP drops below 150p (which I'm sure it will) I will have another look, depending on prevailing economic climate. Good luck to all those still in.

Big day on the horizon which way will it go ,by the looks of it downward.

Down to 189p - tempting...been in this one before a couple of
times and done well with it......

thinking cap on me-thinks.....

further drop in price would be good
:>)

I don't think that these results were that bad.They are probably already reflected in the sp.The increased dividend,at 8.9p is not to be ignored either.
The lower sp means that they become susceptible to marauders once again,which is why I bought them in the first place at 50p higher than they were yesterday.
Lee jeans out of the way,at last...new distribution centre,etc.Come on Walmart,make yer move.

But not until the dithering bunny has made her move and bought
in again!
(please..)
;>)

1.50 is the magic price.

Tesco to launch non-food stores

Tim Mason, marketing director for Tesco said: We know that our customers love the convenience of a one-stop shop and our priority will always be to provide this by selling non-food and food under the one roof.

Do people think that this has put the dampeners on Tesco / Walmart perhaps bidding for Matalan ?

I'm not a holder of MTN at the moment but its been on my watch list for ages. What's the thoughts of others on here as to the outlook this year?

Grim,below 180 now.

Whats with this today ?

I don't know and I'm not questioning it! LOL
Just got out at 210p - should have been 212p but my stop-loss failed
never mind no real harm done but shows the fact that it's always worth
checking these things people and not taking it for granted that what you
think will electronically happen actually will!

Question is - will this come to anything or in 6 months time will we
have the opportunity yet again to pocket on rumour????
(not that I'd moan if that was the case! ;>)

Back in 182.25.

Are you still In these Dave?

Dave, if you still hold, you are in profit, time to sell(?)

anyone still in MTN?

I am....unfortunately.