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

Up on a down day, very nice.

Some large trades today also which make interesting reading. Institutional buying maybe ?

capa

Just released:

Marchpole Holdings PLC
28 September 2004

28 September 2004

For immediate release



MARCHPOLE HOLDINGS PLC

( the 'Company')

Holding in the Company

The Company was notified on 24 September 2004 that Man Financial Limited, a
member of Man Group PLC, is the beneficial holder of 5,395,000 ordinary shares
of 1p each in the Company, representing 4.07 per cent. of the issued share
capital of the Company.

Enquiries:

Justin Hampshire, Finance Director 020 7908 7777


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

Hedge fund buying in !!!

capa

so is this the start of a little run? see the results will be out soon accoridng to their website

Should be a good run up to the results, which I think will be good. Added some more last week, waited for a pullback but it didn't happen. Results were out last year on 22/10 if I remember correctly.

Bit miffed about missing chance to buy at under 30p the other day, not sure now whether this is going to drift down to that level again. Thinking about adding right this minute, whats a penny when these are likely to be 40p+ come interims next month.

capa

Blow it, thats my 7,000 at 32.25 :-)

NMI results look good


capa

Capa, Snap! Felt the same last week, waited for a pullback, didn't happen so took the chance and bought more. Over the last few days, end of last week, some decent sized buys. The way I saw it was long term hold for me so what was a penny or two!

Gav

Gav, agree totally. Nice to buy at the bottom of a dip but how many times to you get it right? Best to look at the wider picture and buy on value and if a dip occurs all the better.

My holding on these is 67,000 now at an average of 25p, started buying at 18.25p and been averaging up ever since. :-)

capa

Looks like that T trade was holding things up, should get motoring now.

capa

Capa, nice holding you have. Hard to call the top or bottom in any share, but it is good to buy the dips, especially here! :-)

Nice to get that T trade out of the way, some more upside today I think.

Gav

Good to end the day on a closing high. Not long before interims.

capa

Funny that it seems to have been driven by sells?Do you know when interims are due?

willfagg, nothing been announced yet but last year they were on the 22nd so expecting something similar.

capa

Many thanks Capa, only bought yesterday so was pleased with the immediate move in the right direction. Lets hope i have brought it luck

Good rise towards the end of the day, should be interesting tomorrow. Results getting nearer so perhaps the T+ traders will be getting in soon.

do we know when results are due?

They should release an RNS announcing when they will be released. But as Capa says, last years was 22/10.

Definately some interest being shown now. A 750,000 buy no less !!

capa

Nice rise today. Good call topping up last week, glad I got some more a while ago. Happy days here.