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

Bosley - its your decision but I have helped myself to more, on two occasions today. Always worth buying more if you think the share price is undervalued which I do.

Buy on the dips is the way to make money I reckon.

Regards


capa

Now that's what I like, come home from work and find an 11% rise, makes for a good weekend.

well said , sir.

This seems like a bit of a lonely thread. Joined yesterday and topped up on the dip today. Think this one will make us all very happy given time.

sharehappy
I'm very happy now. Happier would be nice though.

more fun and games this morning :-)

capa

Hi Guys! Bought in this morning. Had a good look at the company. Very impressed with what's been going on. Company seems to have a lot of confidence and Directors buys clinched it for me.

LONDON (AFX) - Marchpole Holdings PLC's continued strong performance for the first quarter is significantly ahead of prior year and ahead of current expectations, chairman Chris Phillips said.

In a trading update, Phillips said that for the first quarter to June 2004, turnover on the existing core business of Yves Saint Laurent and Boateng grew by 2.5 mln stg to 5.2 mln compared to 2.7 mln the year earlier.

Operating profits on these businesses rose to 0.6 mln stg from a loss of 0.3 mln, having achieved strong sell-throughs on the Spring Summer 2004 deliveries.

'The recently acquired Castelbajac brand continues to be successfully integrated into the business, with first quarter performance in line with budget,' the company said.

Autumn Winter 2004 consolidated order books now stand at 15.2 mln stg versus 8.4 mln at the same time last year, and deliveries have commenced during July.

LONDON (AFX) - Tailoring group Marchpole Holdings PLC resumed paying a dividend as its pretax profit almost quadrupled to 2.7 mln stg for the year to March.

And it said its core business is performing well so far in the current financial year.

Marchpole, which which designs, produces and sells clothing and accessories for the YSL, Boateng and Castelbajac brands, reported pretax profit grew from 0.7 mln stg to 2.7 mln, with turnover rising from 16 mln to 20 mln.

It proposed a dividend payout of 0.25 pence per share. It said last August that it wanted to resume dividend payments as soon as possible after completing a capital reduction, inlcuding the cancellation of deferred shares.

The group said its order books for YSL and Boateng for the Autumn Winter 2004 ranges stand at 11.7 mln stg, against 7.6 mln at the same time last year, with the Boateng order book up 34 pct on the year.

Marchpole acquired Castelbajac in January in an all-share deal. The label's Autumn Winter 2004 order book currently stands at 2.3 mln stg. Marchpole said new licences are 'being actively sought and progressed'.

MPH is getting close to the speed limit. Now 27.25p on the offer.

welcome Grevis2 nice few posts reminding us why we are here.

28p buy just gone through !!

capa

capa: Thanks! Up 12 % and more to come no doubt. Will it break the speed limit today?

And up she goes again. Spread now 28p v 28.5p.

if it keeps on like this , then i guess i owe you a beer , capa.

up and down like a yo-yo on massive volume. Suggests to me that the day traders have arrived, now when shall I buy some more ?

capa

Buyers are flooding in again. Just topped up at 26.6p

Got a few more myself at 26.70p

capa

Blimey this shares on drugs today :-)

capa

Back up she goes.

just getting the "what happens if thus de-list" threads moving further down the page

capa