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

Which gap first?

chris - i had no intent of being harsh with DC at all and i'm sorry if that is the way it read ..... it was meant as no more than a caveat given some of the barbs that had been directed at him in recent days by others

jimmy - i don't know whence you got the idea that i was sore to have bought WAND late in the day and am thus currently showing a loss, though hardly a very painful one

Thanks cynic, understood and appreciate your response.

no prob

Folk who know me would really laugh if they read your comment " your a sensitive little soul" iv'e never been called that ,would be good if i was ! :))

Erm - I thought this was a share orientated thread - obviously another one that bites the dust!

Your right skinny and iv'e decided everyone should go over to the NOWT thread for a row in future .

and all because someone is too free with irritating words, never mind who is the unfortunate soul


It's dead cat bounce or is Tesco?

the tesco story is far too airy-fairy, and even if some t/o is on the cards, it is unlikely to happen for several months or even longer

A tick up with volume.

Engulfs the last two, worth watching, maybe the start of a reversal.

Q4 Trading update

Overview for Q4 - 12 weeks to 29 March 2014

Worldwide network sales were down 2.5% with Group reported sales up 0.6%
Mothercare plc now operates from 4.4 million sq.ft., up 5.8% year-on-year, and has 1,441 stores across 60 markets worldwide
International has seen an improvement in constant currency sales to 9.8% but, as highlighted in January, the increasing level of currency devaluation has had an adverse impact on reported retail sales
In the UK both like-for-like and Direct in Home sales have improved since Q3
Full year FY2014 underlying profit is expected to be in line with current market forecasts
In the UK, we expect the environment to remain competitive and promotional. In International, we expect the effects of currency devaluation to continue into the new financial year
Mark Newton-Jones was appointed Interim Chief Executive during the quarter.

what a stinker!
the company's in deepest poo yet again and so soon after the recent financial restructuring
though sp will undoubtedly be clobbered from the open on tuesday, there may still be plenty of scope to short

Sharecast - Mothercare has asked its lenders to relax banking covenants just seven months after the struggling mother and baby retailer agreed a £90m refinancing, the Sunday Times said. At the time of the previous deal with Barclays and HSBC, Mothercare said it had secured “the liquidity and covenant headroom” required for its strategy. A source close to Mothercare told the paper it had asked for breathing space so it could fund investment. Without the banks’ support, Mothercare could come dangerously close to breaching their terms because of the cost of shutting loss-making shops.

Approaching long term support @160p.

Preliminary Results

Highlights for FY2013/14

Financial highlights

Worldwide network sales3 up 0.5%1 to £1,191.5 million with total International sales up 6.4%1 despite significant currency headwinds and total UK sales down 7.5% as further loss-making stores were closed

International like-for-like sales3 up 2.5%1; UK like-for-like sales3 down 1.9%, on an improving trend after a 3.6% decline last year

Underlying profit before tax5 of £9.5 million compared to £5.9 million last year with underlying International profits5 up 7.6% to £45.3 million and underlying UK losses5 slightly lower at £21.5 million

Group loss before tax and after exceptional and non-underlying items of £26.3 million, which includes a non-underlying non-cash foreign currency charge of £14.9 million

Net debt of £46.5 million, in line with previous guidance. Further covenant headroom and facilities put in place in May 2014

Operating highlights

International space up 13.1%1 and sales up 9.3% in constant currency with 1,221 stores in 59 countries

Reshaping of the UK business continues with the closure of an additional net 35 loss-making stores and refits in some key stores

Multi-channel growth with UK Direct sales now 29% of total UK sales and a third of online orders collected in store

In the UK, Mobile is growing rapidly and now accounts for 35% of UK online traffic

Ten International websites in place

Cantor Fitzgerald Sell 166.38 114.00 114.00 Reiterates

meanwhile, some very burnt bears

Numis Hold 163.50 - 150.00 Reiterates

I don't know, failed to break 168 short term resistance. In store UK stock is still well over priced to competition and lacking in design. Not a stock I'd buy at these prices, may at 80p