Marchpole is one of those stocks which have had a really bad time. Boardroom battles, losses, price collapse, profit warnings up the ying yang.

Now all of those things seem to be sorted out, new management are getting to grips, new contracts and the price is on the up. So much so that Monday ought to see a 50/200 day MA golden cross.

DYOR of course, but I think I will be putting a few of these away at the open.

Socco

Good start to the day 11.7% up! Long may it last.

I see MPH is up a tad today. continuing a trend. It fell back a little from yesterdays high at 11.7% but ended comfortably up.

Anyone who bought in when I began this thread is now sitting on a 2.5 bagger and heading for a 3 bagger. More to come I suspect so I am hanging in there.

General consensus is that there has been a big seller in the wings dumping stock which has shackled the price.

Assuming seller has now run dry this should now have some mileage in it.

I have just bought in.

There certainly have been some moderate sells going on but there have been no RNS so whoever it was did not have a notifiable holding, apparently. There are only 119 million shares in issue so notifiable would have been 3.57 million. I can't recall seeing anywhere near that number being sold, maybe the odd shorter taking a punt. More likely in my mind is profit takers, some will have made a respectable turn on MPH in the last few months.

Socrates - Agree with you regarding notifiable holding, but there has been
a constant dumping of 100,000 blocks over the last few weeks.
imo these have come from one possibly two sources which have now
stopped.

The share price should soon be where it deserves to be 25p +

capa
Why stop at 25p? After a few more sets of good results I can see 25p being left well behind.

socrates

I don't lack ambition, but one step at a time. 25p is where the price should have been after the last results, with Morris purchasing all those shares recently and with the AGM approaching another 5p on top should be attainable.

You've twisted my arm 30p come hell or high water.

capa

Reach for the stars!

I'd prefer to invest in the company that clothes them :-)

capa

Plenty of buying going on.

I think I may have timed this right !!!

capa

That's worth a LOL in capitals!

There she goes !!!

Red Hot Penny Shares tip last week, City Confidential tip in their June issue, both Shares and IC positive post results. Its a pity that the company is too small to appear on newspapers radar, but if it ever did !

Perhaps Phil Tufnell should undertake another walk around Britain with a billboard advertising Marchpole, all for the cause of brotherly love :-)

capa

Tipped in IC today I believe which would explain the early mark up.

50% more on its way imo.


capa

30 trades listed by 8:20, such a level of activity is unusual for MPH.

And no signs of any 100,000 sells.

I think matey has finally cleared off.


capa

There was a 100,000 "M" Trade, what do you make of that?

I assume that M trade was market makers shuffling shares about between one another. Nothing to concern us there imo.

capa

capa
Methinks you spoke too soon!

Socrates

Yes noticed that myself, oops.

At least this is selling into strength, we will just have to wait and see.


capa

Great trading update today, this should finally get things motoring.


capa