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 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.

A heck of a lot of sales, too. A sense of foreboding is coming over me, or is it just a big raft of profit taking????

Reassurance required, but will have to wait to see how it starts the day tomorrow.

Capa, according to my screen, that 750,000 was a sell, not a buy. Can you clarify?

princess., if you look at the time of the trade you can see that it was definately a buy. It showed up on the screen an hour or so after the transaction and the computer stuck in the sell column due to the prices at the time of entering.

capa

Thanks capa. You're quite right, of course, and what a good start to the day!

Cracking start to the day, up again. Agree the trade from yesterday looked like a delayed buy to me.

The Ted Baker results yesterday would have helped, followed by a buy recommendation in the Times for Ted Baker today.

Marchpole may soon receive interest from national press, if this happens watch them fly.

capa

Results out this month should be excellent. No doubt the magazines and papers will report on them and it should be some good press. Who know's, may even get some more director buying again after the release. Lots to be positive here IMO. Would definitely expect positive write up in IC and Shares if results are good.

Not long to Christmas either once results are out. Once that is out of the way then i'd expect another Q3 trading update which would cover the Christmas period. This year the Q3 update was released on 21/1.

Still happy and confident with these and would top up on any dips, but no dips yet!

Gav

From a chart prospective has anyone any ideas where the next level of resistance is ?

capa

Sorry Capa, can't help you there. But i'm sure you'll agree that our chart looks good! Read on other BB's of no resistance until 50/60p ish, but wouldn't stick my neck out and say if that's correct or not.

Gav, no worries, just wondering. 50-60p sure sounds nice though

capa

Any comment on this?...
another late deal just gon eeethrough from 14.30! at 34p
this has encouraged a few sellers to follow suit...presumably because they haven't noticed the time?? (see pricesses query)
Are the mm's short of stock?
does this thing happen often? It seems almost (devious) / (underhand).

and there we have it...or do we... a timed trade purchase at close for 100,000.
All looks good but I don't have enough experience to be sure!

and inexorably the rise continues ;-)

capa

serious movement now.

40p by the end of the week anyone ?

capa

50P by Christmas what a share. Interims soon could be very interesting up until then. Sitting on a 100% profit at the moment and hoping for more.