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

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

Shortie - I want to short it - not sleep with it! :-)

You never know, some of those MILF's!!

Talking of shorting. Evil K says hes not budging, hes even thinking of adding to his short.

Dont know what his position is with MILFs though, but I do know hes partial to the odd Cougar.............or two..........and at the same time.!!!!!!

Where does he get his energy from.???

is he not a fat whale?
if so, it just goes to show what an even fatter wallet can achieve :-)

Blue Zeus no doubt!!

Herbal - that's ok then! :-)

glad not to need such encouragement

LOL.......ive seen them in a wall vending machine in the bogs in Tesco. £2 a s-ag.

Cheaper to eat Banana skin, Im told its a fantastic aphrodisiac.

Eat a Banana skin, are you for real? Think if I had to eat a Banana skin beforehand I'd definatly need the Zeus.

Appropriate thread really!!! :-))

Better to have Girls Aloud round for the evening

depends if you have thin walls to your semi :-)

If you got a semi then you'll be needing the Zeus!! lol..