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

55011: Their house broker was very positive. Based on their estimate for the year and assuming a very modest PE of 10, MPH should be 45p.

"Broker Shore Capital described the results as excellent and said it was upgrading its full year pre-tax profit forecast for 2005 by about 200,000 to 4.5 million."

Sold some late yesterday. As already posted not happy with the way that RNS was handled and confidence in management dented somewhat as a result.

Still got a few, but less exposed now as MPH was my largest holding.

capa

same as ... chart said out @ 32p ... could take time to recover...onto bdh, demg, yoo, etc

Last week director buying @ 27.5p & 29p.Sell off overdone.Taking advantage of buying on temporary weakness.Good news out today.


RNS Number:0315G
Marchpole Holdings PLC
06 December 2004

6 December 2004

Marchpole Holdings plc
(the "Company")

Castelbajac boutiques opening in South Korea

Marchpole Holdings plc, which designs, produces and sells high quality clothing
and accessories for six world class brands (Yves Saint Laurent, Boateng,
Jean-Charles de Castelbajac ("JCC"), Rossignol, Emmanuel Ungaro and Ungaro) is
pleased to announce that, in conjunction with their partner Daikyung Global Co.
Ltd and under the agreement announced on 3 November 2004, new Castelbajac
boutiques will be opening in South Korea.

Marchpole's first boutique is scheduled to open in Lotte World duty free shop in
December this year followed by two boutique openings in January 2005 at Lotte
JeJu duty free shop and Shilla JeJu duty free shop, both located in JeJu Island.

Department store and boutique openings are planned to start in January 2005 with
the first in Woolsan Hyundai department store and, in March 2005, a further
boutique in Coex Hyundai department store, located in Seoul.

For further information contact:

Marchpole
Greg Tufnell - Chief Executive 020 7908 7700
Michael Morris - Executive Director

Shore Capital
Alex Borrelli 020 7408 4090

Buchanan
Tim Thompson / Nicola Cronk 020 7466 5000

Notes to editors:

In September this year, Marchpole announced strong interim results for the six
months ended 2 October 2004, with operating profit up 194% to #2.6 million
(2003: #0.9m) on increased turnover of #15.7 million (2003 : #8.0 million).


This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCBRBDDDUGGGSX

Ok so we are all confident that this is a good buy. So why did the share price take another clobbering today? This is one hell of a tree shake (LOL). Common sense says that their must be areason for such an almighty fall, but I can't see anything in the public arena that would account for it.

My fingers have been itching all morning. MPH are expected to report 4.5 million profit this year. We are currently on a forward PE of 7. That's cheap as chips. This stock will recover from here. Don't be left behind.

Good turnaround today...big blue day tomorrow

common sense and the market go together like yellow and green. Or chips and ice cream. The truble with common sense is it aint very common. MPH is now a bargain imho.

I agree that this is the bargain of all times - it was when I last topped up at 31p and I'm still holding with no more cash to play with. Curses curses. Could try a spread bet I suppose........

Went long today (again, having been stopped out a week or two back).

Lurvly hammer.

Pond Life

Went in with a cfd on Monday; I believe it is bottoming out and could recover quite quickly. The drop from around 30p was due to the Boateng legal action which has turned out to be a message to the chap to 'get real!' Only 1.5m sales there so not significant in terms of share price. Good luck!

Eric

Morning all. We have tick up!

Have to agree with you folks. Bought back in again this morning.

I was interested to note the number of trading statements MPH has issued so far this year.

21/01/04 07:30 MARCHPOLE (MPH) Marchpole Holdings says Q3 performance ahead of internal expectations AFX

25/05/04 07:59 MARCHPOLE HLDGS (MPH) UK smallcap opening - Marchpole up after bumper FY results & div resumption

15/07/04 08:30 MARCHPOLE HLDGS (MPH) UK smallcap opening - Marchpole gains after upbeat statement

08/09/04 12:01 MARCHPOLE HLDGS (MPH) Marchpole says trading in the second quarter ahead of company expectations

12/10/04 07:27 MARCHPOLE HLDGS (MPH) Marchpole Holdings trading performance 'continues above expectations'

Thier price has to look cheap! They have issued results that are excellent since beiong valued at 30p + . They seem to be in a period of assured performance so you would expect the price to rapidly pass previous and enter new territory.I do not think 40p is a wildly optomistic expectation for Xmas

agree...40p should be new year support

Not surprisingly, the MPH chart reacts to the postive trading statements with successive peaks at 21p, 26p and 35p. With the assumption that another bullish trading statement appears early 2005 (which seems a reasonable expectation), this should then take the price to 42p to 45p range, before settling back to around 40p. I've taken a cfd at 27p which I view as a home banker!

Eric

Eric,
who do you get a cfd on AIM companies through?

016622

blue index. Ring 020 7398 2563 and speak to Bob Kondal who used to write the cfd column in Shares. The ratio is typically 3:1 rather than 10:1 for blue chips. Trading also seems to be restricted to the margin of the spread, so probably not to be used if volume is low or spread large. It takes a week or so to set up. Let me know if I can help further. johngtudor has been my guide in getting started, who you can meet on the ASC bb. In fact we have just discussed this very subject there as MPH is an ASC Challenge Portfolio stock.

Good recovery today - I suspect it will keep going fiven the share is so cheap against the fundamentals.

Eric

Another good day for MPH, will be interesting to see if we get any press coverage over the weekend. Share is still very cheap at these levels.

Eric, congrats on your buy this Tuesday, timed it very well!