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matalan (MTL)     

daves dazzlers - 20 Apr 2004 15:06

nice to see matalan moving forward at least the share price,as a recent buyer at 1.59 in febuary.

proptrade - 27 Apr 2005 14:31 - 213 of 217

what happened to the rumoured asda/target bids????

ethel - 27 Apr 2005 14:57 - 214 of 217

It seems strange that the sp has dropped so much recently having held up quite strongly in expectation of something.They were quite upbeat about their trading for this year and results were good compared to many other retailers.
I've learnt my lesson with this.Keep your eye on ALL your shares.I could have seen this drop coming had I looked at me chart.The sp failed twice to breach 250p and the downward movement followed.However,the sp has just fallen through another resistance level,which means horrible downward movement and drifting for ages,oh no...
Also,forgot a stop loss.Hard to have one in a potential bid situation.
Asda,are you ready,yet?

daves dazzlers - 27 Apr 2005 22:36 - 215 of 217

Keep the faith you holders dyor of course,will buy again 180ish.

Andy - 08 May 2005 14:14 - 216 of 217

I'm surprised the recent increase in trades and volume hasn't received a mention here.

Consider the folowing;

Tuesday 7 trades
Wednesday 3 trades
Thursday 32 trades
Friday 48 trades!

IMHO this suggests either some news is expected, or a rumour of news, is doing the rounds.

Interestingly, there were 13 trades in the final hour of trading Friday, so I'll be keeping an eye on MTL tomorrow morning, and may top up my existing holding if the price, and volume, increases any further.

Good luck to all holders.

brianboru - 08 May 2005 16:48 - 217 of 217

I think things are just TOO cheap in their market place - Try wandering round Primark etc. - white long sleeved shirts 3, 10 pairs socks 4, suits 59 etc. etc.
They can't be making much per item at these prices! Can they?
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