At last the news many shareholders and former share holders have been waiting for, the disposal of all of its joplings stores/Assets.

This should raise considerable capital to roll out the brand 'The Perfume Shop' and also provide capital re-investment for its De Gruchy department store in Jersey.

Heres the link, http://www.uk-wire.com/cgi-bin/articles/200407121000027197A.html

The company will be much more focussed and I can see a re- rating of its price from here.

I am once again buying into this excelent growth story.

DYOR, you are responsible for the timing and selling of your buying actions.

Got in at more or less bottom, chart looking very good and been some big volume over the last few days.



cheers GF.

Life smells sweet at Merchant Retail
MoneyAM
Merchant Retail Group, the specialist perfume retailer and department stores group, has reported an 82% increase in first half pretax profit.

For the six months to September 25th the group made a pretax profit of 5.74m, up from 3.16m last time, on sales (including VAT) up 12% to 77.65m.

A dividend of 1p was declared, up 33% from a year earlier and payable from earnings per share of 4.29p, up 113%.

MRG said the outcome for the full year is as usual heavily dependent upon a successful Christmas trading period.

In July the group announced plans to sell all its UK department stores and concentrate on its 100 The Perfume Shop stores and its De Gruchy outlet in Jersey.

This process is now well underway. MRG's Leamington store was sold for 4.6m, while a deal to sell its Tynedale Park store to Tesco for 17m is expected to complete by year end.


cheers GF.

Yipee, just shows patience pays off.

Monday Closing Market: predator sniffs out Merchant Retail

Published: 17:27 Monday 23 May 2005 By: Dylan Lobo, Stockmarket Reporter


The FTSE 100 posted its fifth successive gain and there was some late excitement in the small caps after Merchant Retail said it was in bid talks, but beleaguered Jarvis came under more pressure after reaching a tentative agreement with one of its lenders.

Merchant Retail (MRT) surged 22.5p to 192p after the specialist perfume retailer and department store operator told the City, shortly before close, that it was in advanced talks with a third party that could lead to a takeover.

Merchant revealed that the interested party had indicated an offer price of 197p per share, which would include any final dividend proposed by the board.


cheers GF.

Well done GF, I rode this one sold out first thing this morning. Thanks once again for your informative posts.

Same here chiva sold out for a lovely profit. Nice to get a reward like this in timid markets.

cheers GF.