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

I feel that there is a persistant seller in the background holding this back.

No doubt this should be higher.

capa

Hopefully the momentum should start to grow up to the reults announced on 9th nov, expected to be above expectations. Lots more in this one imho.

Still trending up. Impossible to buy in any size late yesterday, and a good move up this morning.

Kivver, bumper results announcement anticipated, and maybe announcing a purchase of Feraud for a song.

Like I said yesterday there is a big seller hoding this back. 500,000 sell at 34.5p just gone through.

Clear him out and we'll be away

capa

The March to ???p continues.

"Gucci problems unsettle designer licensee
By Philip Stafford
Published: October 29 2004 03:00 | Last updated: October 29 2004 03:00

The problems at Gucci, the Italian fashion house, have helped unsettle the share price of Marchpole, the designer label, in recent days.

The upheaval at Gucci saw the head of its Yves Saint Laurent division become head of the parent brand to bring some stability in the wake of departures.

Marchpole has a licence to design and distribute clothes under the YSL brand and some commentators were worried that the disruption could affect the relationship.

The contract is due to end in 2007 as part of a long-standing agreement. Nevertheless, Marchpole is looking to find a replacement to maintain its revenue streams, although it has lessened its dependence on YSL with the additions of brands like JCC and Boateng.

There are plans for further licensees or acquisitions, although it is possible that YSL may change its mind and retain Marchpole.

Until now, Marchpole has been little affected by outside influences.

The turnround in company fortunes from 2002, when it nearly collapsed owing to a boardroom dispute, has filtered through to fund managers.

The stock has been one of the year's best performers, up more than threefold.

Yesterday, it added another 1p to 34p as traders took the view that the fall at the start of the week was a buying opportunity ahead of half-year results on November 9.

A trading statement on October 13 said interim sales were ahead of expectations.

Its capture of the highly rated Jose Levy to create collections under the Ungaro and Emanuel Ungaro labels was seen by the market as evidence of the company's turnround.

Several other brokers were also thought to be on the verge of initiating coverage in the next few weeks. Philip Stafford"
http://news.ft.com/cms/s/af7ef4b0-2946-11d9-836c-00000e2511c8.html

Capa, looks like you were correct re a seller holding this back. But remember the last time we had a big seller, finished selling then we rose quickly. Hopefully happen here again.

A piece in todays FT.

Gucci problems unsettle designer licensee
By Philip Stafford
Published: October 29 2004 03:00 | Last updated: October 29 2004 03:00

The problems at Gucci, the Italian fashion house, have helped unsettle the share price of Marchpole, the designer label, in recent days.


The upheaval at Gucci saw the head of its Yves Saint Laurent division become head of the parent brand to bring some stability in the wake of departures.

Marchpole has a licence to design and distribute clothes under the YSL brand and some commentators were worried that the disruption could affect the relationship.

The contract is due to end in 2007 as part of a long-standing agreement. Nevertheless, Marchpole is looking to find a replacement to maintain its revenue streams, although it has lessened its dependence on YSL with the additions of brands like JCC and Boateng.

There are plans for further licensees or acquisitions, although it is possible that YSL may change its mind and retain Marchpole.

Until now, Marchpole has been little affected by outside influences.

The turnround in company fortunes from 2002, when it nearly collapsed owing to a boardroom dispute, has filtered through to fund managers.

The stock has been one of the year's best performers, up more than threefold.

Yesterday, it added another 1p to 34p as traders took the view that the fall at the start of the week was a buying opportunity ahead of half-year results on November 9.

A trading statement on October 13 said interim sales were ahead of expectations.

Its capture of the highly rated Jose Levy to create collections under the Ungaro and Emanuel Ungaro labels was seen by the market as evidence of the company's turnround.

Several other brokers were also thought to be on the verge of initiating coverage in the next few weeks. Philip Stafford

Gav, yes I remember when the selling dried up we doubled in a few months. FT piece is a bit of a curates egg, bit negative at first but I like the ending about other brokers being interested.

capa

Hi All

Been trading Marchpole since 20p, hope you dont mind me
eves dropping on the conversation..

Capa, yes the end is very positive, more broker coverage will be good. Still very positive about the company here. And you are right about the last time the big seller finished selling, was good to see at the time!

Thanks for the post, very helpful.I think the article is positive.Increases in revenue and profit talk, and I think the comments below indicate that we may have some serious activity if the interims live up to or exceed expectations about.
"Yesterday, it added another 1p to 34p as traders took the view that the fall at the start of the week was a buying opportunity ahead of half-year results on November 9."
"Several other brokers were also thought to be on the verge of initiating coverage in the next few weeks."
Good stuff

I take it we are all still holding?

A bit of movement at the end of the day. Very nice !!

capa

Still holding. Up over 5% now, good way to end the day! Is this the start of the push up to the intrims....

Agreement with Daikyung Global Co. Ltd ('Daikyung')

http://tinyurl.com/5en9n

Yes still holding Capa, no intention of selling these yet. From the RNS:

"Under the terms of the agreement, which guarantees a minimum of sales of JCC
products of 25 million over the term, Daikyung will distribute through their
five existing standalone stores and will add a minimum of one further store per
annum. Distribution will also continue through seven duty free stores and will
commence in 2005 through a further two duty free stores scheduled to open next
year."

Was a nice unexpected RNS.

Glad to hear it gav.

What impresses me about this company is the constant newsflow, particularly important for a small cap imo.

This latest one refers to JCC which is their owned label and not one of their licensed ones, so more profit retained. Lovely.

capa

You're right Capa, plenty of good news flow. Also, as you point out with JCC being our own lable, we will get all the profit from the 25m Euros on this deal until 2012, about 3.57m Euros minimum. Hopefully the brand will do well in Korea and we will get more than the 25m minimum.

Also, will we get more director buying after the results, maybe. And what other little deals do the management have up their sleeves??

"Marchpole signs Korean agreement
By Joan Gray
Published: November 4 2004 02:00 | Last updated: November 4 2004 02:00

Marchpole, the designer men's wear distributor that has licensing deals with Yves Saint Laurent and Ozwald Boateng, has reached an agreement with Daikyung Global Company, a South Korean partner, to distribute and market the Jean-Charles de Castelbajac brand in the country.

The agreement guarantees a minimum of 25m (17.3m) sales of JCC products until 2012.

Daikyung - which has been Marchpole's partner since 1999 - will distribute the JCC label through its five existing stores and will add at least one further store a year. Distribution will also continue through seven duty-free stores and will commence in 2005 through a further two duty-free stores scheduled to open next year.

In a trading update before it issues interim results later this month, the group said the JCC order books for this season's collections stood at 2.3m.

The label had helped give the group an overall performance above directors' expectations, with more than 80 per cent of the collection having been delivered. The YSL and Boateng order books for this season stood at 10m compared with orders of 8.5m for the spring-summer 2004 season at the same time last year.

Greg Tufnell, Marchpole chief executive, said this latest Daikyung agreement "provides the Jean-Charles de Castelbajac business with a strong partner in the important territory of Korea".

The company's shares rose 1p to close at 36p yesterday. Joan Gray"http://news.ft.com/cms/s/e1d93162-2e07-11d9-a86b-00000e2511c8.html

Is there anyone else worried about tomorrows results? The recent drifting in the price does not look good . Some information usually escapes and you get some indication of performance.It gives one an uneasy feeling