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Mothercare reborn and maybe worth a punt now (MTC)     

ainsoph - 10 Feb 2003 09:04

I have been in and out of these a few times :-)) ..... bumping around their bottom but starting to bounce a little ..... closed @ 87/90p on Friday.

They have fallen from grace because of poor distribution probelens caused by poor management and an out of House warehousing system. THis is being sorted and new guys have replaced the old .....

Great brand name and selling could be overdone ..... anyway I am in for a few @ 90p and will let them ride for a while - not a t trade. Recent director buying around this price


ains


bought @ 90p - currently moving up at 141/145p 13/05 = plus 56.66% net


Chart.aspx?Provider=EODIntra&Code=MTC&Si

halifax - 08 Jan 2014 10:04 - 233 of 454

Brokers TP's look rather optimistic!!

Shortie - 08 Jan 2014 12:27 - 234 of 454

Unlucky Skinny, I'm going to have a read of the trading statement I think and have a good look at this.. This new year is taking its fair share of traders scalps..

Shortie - 08 Jan 2014 12:34 - 235 of 454

Well that was a quick decision @300.4 gone short.. Got to be close to £0 net worth... Fingers crossed for 150p by the end of the week... Either that or will get toasted tomorrow..

skinny - 08 Jan 2014 14:30 - 236 of 454

Numis Add 303.13 475.00 - Under Review

cynic - 08 Jan 2014 14:32 - 237 of 454

love that Numis comment ..... a real politicians answer :-)

Shortie - 08 Jan 2014 15:03 - 238 of 454

Have to say I never pay any attention to broker numbers, they tend to be wrong in my experience more often than right. Still remember the 10+ strong buys on Apple last year whilst I was cleaning up shorting.. I'm sure they scream buy as there getting burnt.

deltazero - 09 Jan 2014 07:26 - 239 of 454

outdated model - not unlike the wonder of woollies, hmv et al

new broker rating 9 Jan Liberum Capital 160.00 Sell

deltazero - 09 Jan 2014 08:14 - 240 of 454

funny day - mtc is bouncing!! lols

deltazero - 09 Jan 2014 08:16 - 241 of 454

no rating just out helps explain the bounce


9 Jan JP Morgan... 335.00

Shortie - 09 Jan 2014 09:34 - 242 of 454

Nice to see a broker rating not too far off what I make it Deltazero..

new broker rating 9 Jan Liberum Capital 160.00 Sell

Agree the business model isn't good, Mothercare are expensive for baby and kids wear in comparison to Supermarkets and their designs / style is pretty out dated too.

tomasz - 10 Jan 2014 08:39 - 243 of 454

I see this not death yet+all damage may be done.long 286 tight stop.

tomasz - 10 Jan 2014 11:26 - 244 of 454

Stop 280.-6

cynic - 10 Jan 2014 11:35 - 245 of 454

still ticking south :-) though L2 order book is evenly balanced ...... shall certainly stay put for now as i can see no reason for any recovery

Shortie - 10 Jan 2014 13:05 - 246 of 454

Just taking out old support at 270 then should fall away to 230. There is a chance of abit of upside but I'm planning on holding short with 130-150 ranged exit.

cynic - 13 Jan 2014 08:54 - 247 of 454

just topped up short at 267 ..... sp doing slightly more than just drifting south

Shortie - 13 Jan 2014 11:18 - 248 of 454

Looks like we'll see abit of bounceback before 270 is taken out.

Chart.aspx?Provider=EODIntra&Code=MTC&Si

Shortie - 13 Jan 2014 12:14 - 249 of 454

A closer look at the upside on a better chart and it already looks done to me. Should continue south, 270 first support to be taken out.. Think I'll take another short position.

cynic - 13 Jan 2014 13:10 - 250 of 454

i was slightly premature, but not unduly fussed

tomasz - 13 Jan 2014 13:24 - 251 of 454

nice washout, just need back little more now for me, so more shorts please.anything below 268 is mine.

Shortie - 13 Jan 2014 15:19 - 252 of 454

Tomasz are you short 268 now then?
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