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

Covered my dcb trade +2.75

lost me Big Al....but always keen to learn if you have time?

016622

Made the trade a couple of days ago on the basis it was very oversold and produced a hammer, i.e. open/close fairly close, but had a big intraday dip. It also happened to be support around 22p. This is often a good sign of a bounce and that's happened this past couple of days. However, the risk is now it reverses at the falling trendline and could be a dcb (dead cat bounce), i.e. it could fall again. Decided to take profits there.

Hope it helps.

dcb was the item I missed, the rest I followed... thanks for your time Al!

Making steady progress again this morning. We are now approaching the area where Morris bought more stock at 27.5 and 29p. We have a forward PE of under 9 which for a growth stock is far too low. Enjoy the ride!

I have also had a look back to see when Man Financial Limited announced their stake. The price was then between 29.5 and 30.5. What we cannot determine is what they actually paid.

Marchpole Holdings PLC
28 September 2004

The Company was notified on 24 September 2004 that Man Financial Limited, a
member of Man Group PLC, is the beneficial holder of 5,395,000 ordinary shares
of 1p each in the Company, representing 4.07 per cent. of the issued share
capital of the Company.

PRICES
Date Open High Low Close Volume Adj Close
1-Oct-04 32.25 32.25 31.25 31.50 1,038,420 31.50
30-Sep-04 32.25 32.25 31.00 32.41 762,923 32.41
29-Sep-04 31.50 33.00 31.50 32.50 2,214,900 32.50
28-Sep-04 29.75 31.50 29.50 31.50 1,444,540 31.50
27-Sep-04 29.75 30.00 29.75 29.75 850,797 29.75
24-Sep-04 30.75 30.75 30.00 29.75 520,491 29.75
23-Sep-04 29.50 30.75 29.50 30.50 2,612,980 30.50
22-Sep-04 30.50 30.50 29.50 29.50 1,337,380 29.50
21-Sep-04 29.25 31.25 29.25 30.25 5,332,780 30.25
20-Sep-04 28.00 30.00 28.00 28.66 3,281,180 28.

I was always taught to buy into well managed companies. That's just what we have with MPH. They have delivered the goods so far and continue to move forward aggressively. It's too easy to forget how positive they have become.

09/11/04
"Marchpole Holdings PLC, which designs, produces and sells clothing and accessories for six world class brands including Yves Saint Laurent, Boateng and Jean-Charles de Castelbajac, said its continuing success will be reflected in results for the full year.

The comments came alongside strong figures for the six months ended Oct 2 2004 which showed profit before tax up 216 pct to 2.5 mln stg from 0.8 mln on turnover up 97 pct to 15.7 mln stg from 8.0 mln.

Operating profit was up 194 pct to 2.6 mln stg.

The board also declared an interim dividend of 0.25 pence, compared with nil a year earlier.
...
With these results, including the first season of JCC, and the new licence with Emanuel Ungaro in September the group is fulfilling its strategy of developing new brands and expanding the business -- a strategy which it intends to continue. The board said it is also currently in discussion with third parties to advance new opportunities both in terms of licensing and brand acquisitions."

Nice run up this week. General feeling that the fall was overdone, and it has been proven to be a popular buying opportunity. Expectation of a climb back into the thirties in the next few days.

MPH were apparently 'in talks' to buy Louis Feraud. Has anyone picked up any further gossip on this one?

Marchpole targets Bardot fashions
Teena Lyons, Mail on Sunday
17 October 2004
MARCHPOLE, the men's fashion group behind Yves Saint Laurent and Ozwald Boateng, is in talks to buy the Louis Feraud fashion brand.

Louis Feraud, who died four years ago, rose to fame in the Sixties when he dressed the young Brigitte Bardot and the brand is now run by his daughter.

Marchpole would not comment, but said last week that its order books for the summer collection of its YSL and Boateng labels were up 15% on last year.

A source confirmed that the companies were holding talks.

Last month Marchpole signed a deal extending its worldwide - excluding America -menswear licence agreement with Emanuel Ungaro until December 2012.

Spring/summer 2005 collections have been launched and the order books are currently ahead of last year.

55011: Looks as though we are heading that way!

Just noticed we've had another tick up!

Keep on pumping!

We are now getting closer to where Man Financial and Morris were buying. One more push should see us there. Enjoy the ride!

Don't think MAN Financial bought these, the RNS I believe was made as the total holdings for their clients of MPH had become notifiable.

capa

Capa: Can't agree. The RNS stated "Man Financial Limited...is the 'beneficial' holder of 5,395,000 ordinary shares"

Marchpole Holdings PLC
28 September 2004
For immediate release
MARCHPOLE HOLDINGS PLC
( the 'Company')
Holding in the Company

The Company was notified on 24 September 2004 that Man Financial Limited, a
member of Man Group PLC, is the beneficial holder of 5,395,000 ordinary shares
of 1p each in the Company, representing 4.07 per cent. of the issued share
capital of the Company.

Online buy limits are now down to max 15K.

And up she goes again!

good day...

Thanks to the Geordie influence. That's what happens when I buy a cfd!

Eric

It appears my sale might just have been a bit premature.

Best of luck folks and hope it gets better yet.

016622 - no probs on the questions. Will always answer if possible. ;-))