millfield has risen 15 points over the last week from 21 to 36.what i dont understand is todays rise 30,000 bought, 300,000 sold and its up 2p does any one know how this market works,and an explaination for todays rise

millfield have taken a right pounding over the last few weeks
taking several millions of sells with no buys in sight
but still the price is holding firm,so it appears to me some
investment company in the background are willing to absorb
the shares for themselves, as a matter of fact they opened today
taking another pounding,and against all this they have just been
tipped as a buy today,

http://www.britishbulls.com/StockPage.asp?CompanyTicker=MIL&MarketTicker=FINANCIALS&Typ=S

The following may be the reason for the sells.

Millfield Group PLC
06 April 2005

SCHEDULE 10



NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company
Millfield Group plc


2. Name of shareholder having a major interest
Goldman Sachs Group


3. Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-
beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18.
As in 2 above


4. Name of the registered holder(s) and, if more than one holder, the number
of shares held by each of them

Goldman Sachs & Co - 45,995
Goldman Sachs International - 3,999,646


5. Number of shares/amount of stock acquired
500,000


6. Percentage of issued class
0.04%


7. Number of shares/amount of stock disposed
N/A


8. Percentage of issued class
N/A


9. Class of security
Ordinary 0.175pence shares


10. Date of transaction
01 April 2005


11. Date company informed
05 April 2005


12. Total holding following this notification
4,045,641


13. Total percentage holding of issued class following this notification
3.4%


14. Any additional information
None


15. Name of contact and telephone number for queries
John Crehan 020 8604 2637


16. Name and signature of authorised company official responsible for making
this notification.
John Crehan
Deputy Company Secretary

Date of notification: 06 04 2005




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

Anyone know why there are two large trades totalling 500,000 today? Is there some imminent news?

There's no way of telling for sure but it looks to me like it was just a rollover. Rollovers sometimes come thru as looking like two buys. The give away is that the buy prices are slightly different(the lower price is probably the sell and the higher proice is what they have bought them back again at)
I think you're only allowed one rollover at a time...
Whoevers doing this rollover (if indeed it is a rollover) is banking on the price going up over the next 2/3/4 wks... results/news due soon ?

Looks like someone's got 100k bet going on here that this one'll come good very soon!

I think the results released today look impressive.. bodes well for future perfromance/next interims.... of course MIL now has to deliver but looks to be shaiping up good...

Anyone have any views ?


Turnover up 103% to 85million (2004: 41.9million)

On a proforma basis, including twelve month's results for
Inter-Alliance, the group generated combined turnover of 123 million

Gross profit up 76% to 26 million (2004: 14.8 million)

Operating loss before goodwill amortisation, impairment losses and
exceptional items of 8.9 million (2004: 9.3 million loss)

Loss before amortisation and tax of 18.1 million (2004: 10.8 million
loss)

On target to achieve operating profitability from the fourth quarter
2005 onwards

Lifetime's sale to Norwich Union expected to result in an exceptional
gain of at least 4.9 million

Three major business initiatives launched

26% reduction in the run rate for overhead costs from 49 million at
time of merger to 36 million now

Further annualised savings of 4 million expected in fourth quarter of
2005

Any one else in Mil.?.. any one else have any news & views ?
We're now approaching Q4 2005 and the achievement of operating profits beckons
Could be a good time to get in/top up... If we get a good trading statement then sp could take off big time.... imho.... :)

Well, It all looks good to me ......I'm sure it's onwards and upwards from here on imho :

Highlights:

Turnover up 135% to 64.1m (2004 - 27.3m)

Gross profit up 48% to 15.0m (2004 - 10.1m)

Reduced loss after tax and minority interests of 1.3m (2004 - 4.5m)

Cost base reduction initiatives implemented in September 2005 resulted
in significant savings - the annualised rate for the cost base is now 30.8m
(49m post merger) and it will reduce further to 29m by Q4 2005/6

Further efficiencies will reduce the cost base to below 28m from Q1 2006/7

Administrative staff headcount reduced from 509 on merger to 364 at
November 2005

The group is on course for operating profitability for Q3 2005/6

7.3m cash - group operating cash flow has been positive since September 2005

73 new applications in membership to join Millfield Partnership

53 new applications in membership for Sage Financial Services

Implementation of minimum standards throughout MPL national branch network

Relocation of IT operations centre to London Docklands plus switching
all locations to Telstra, the AAA rated carrier, as a single telecoms
supplier

.

Katcenka ? nice post ! can you expand a bit ?

skyhigh - 01 Dec 2005 08:16 - 22 of 24
Well, It all looks good to me ......I'm sure it's onwards and upwards from here on imho :

Highlights:

Turnover up 135% to 64.1m (2004 - 27.3m)

Gross profit up 48% to 15.0m (2004 - 10.1m)

Reduced loss after tax and minority interests of 1.3m (2004 - 4.5m)

Cost base reduction initiatives implemented in September 2005 resulted
in significant savings - the annualised rate for the cost base is now 30.8m
(49m post merger) and it will reduce further to 29m by Q4 2005/6

Further efficiencies will reduce the cost base to below 28m from Q1 2006/7

Administrative staff headcount reduced from 509 on merger to 364 at
November 2005

The group is on course for operating profitability for Q3 2005/6

7.3m cash - group operating cash flow has been positive since September 2005

73 new applications in membership to join Millfield Partnership

53 new applications in membership for Sage Financial Services

Implementation of minimum standards throughout MPL national branch network

Relocation of IT operations centre to London Docklands plus switching
all locations to Telstra, the AAA rated carrier, as a single telecoms
supplier

Market cap rather at a bit of discount wouldnt you say???

Katcenka.. Not sure what you're indicating...not sure how it all works myself but ,,, are you suggesting that the sp is cheap compared to mkt cap and that the sp will strengthen ?

err!!! YES!!!!. I am suprised of the little amount of activity.. the way I see it, these should be at least 50p. if not more, additional cost cutting also.. could put these at 70p quite easily

bloody cheap.. I am IN!!!!

delayed buys.. its going to go up a lot more me thinks

Cool ! .. all sounds good... glad my initial impression is in line with everyone elses views..
I think the mms will put sp up in an orderly manner.
With favourable press reviews and perhaps even new yr tips for 2006 this should go alot higher.imho Hurray! (at last!)

Broker upgrade ;-) should be issued... looks like only three of us in this one.. more cheap pickings for us then ;-)

wakey wakey!!!! smell the coffee

Turnover up 135% to 64.1m (2004 - 27.3m)

Gross profit up 48% to 15.0m (2004 - 10.1m)

Reduced loss after tax and minority interests of 1.3m (2004 - 4.5m)

another 10p rise to go rise to go ;-), its slow but its getting there

still rising... loads more room