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Marchpole - Nice New Clothes (MPH)     

Socrates - 30 May 2003 18:58

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

lex1000 - 31 Oct 2007 11:08 - 645 of 715

Support in old money 19p & 20p converts to 95p & 100p respectively.

Known overhang with seller in the market.Interims due November hopefully numbers transparent and provide clear idea of post YSL era.No position.

cynic - 31 Oct 2007 13:15 - 646 of 715

MPH's past record does not suggest transparency! ...... there will no doubt be certain bullish noises, but little to prove that the BIG YSL hole has indeed been filled, let alone that MPH is (truthfully!) bucking the dire performance in the high street

lex1000 - 31 Oct 2007 14:21 - 647 of 715

YSL accounted for 75% of the old UK dominated MPH.It is fair to say that Michael Morris done a good job transforming into international & global business.Will be down to number crunching come interims.MM is not well liked in the City.Series of silly cock-ups,the last paying dividends illegally.Nothing that an EGM et seq can't put right! I would hope at or near bottom 90p-100p if seller is nearly done. Expect rise leading up to Interims which may or may not be put back by a few weeks.No holdings.

cynic - 31 Oct 2007 14:36 - 648 of 715

i don't hold either, and agree with what you say about MM ..... however, and as posted above several times, he is so arrogant and egocentric that he makes bad errors - e.g. continuing his in(s)ane vendetta against Boateng - and fails utterly to see the importance, and thus look after, his key design staff - thus few stay more than a year or two; again, totally insane!

tesco888 - 13 Nov 2007 21:31 - 649 of 715

cynic the design staff you keep quoting as leaving mph was in fact the designer for womens wear for Ungaro and nothing to do with menswear range connected with mph, as far as Boateng was concerned the company stood its ground and was awarded damages so get the facts straight. Results out Monday when we will all see how the company has performed. ............................Tesco

cynic - 13 Nov 2007 21:39 - 650 of 715

wrong! ...... even had you been right, the real point is that MM has no man-management skills and does not have the sense to recognise that fact by delegating to someone who does ...... as a result, the management shows its incompetence by losing its "seed corn" time after time after time ....... as for Boateng, it was a case of one super-ego having a fight with another to the benefit of neither in the long run, and certainly not the shareholders ...... and the results will be historic and not show what has happened since.

still want to bet on sp reaching 200 within 12 months?

lex1000 - 14 Nov 2007 00:18 - 651 of 715

MPH stupidly cheap against sector average.

Would normally expect share price to rise leading up to Interims announced after close tonight.Interims confirms strong transparent figures MPH more than capable of rise back to 150p+.No holdings.aimvho.


Marchpole Notice of Interim Results

RNS Number:6582H
Marchpole Holdings PLC
13 November 2007





Marchpole Holdings plc
Notification of Interim Results


Marchpole Holdings plc will announce its Interim Results for the 6 months ended
30 September 2007 on Monday 19 November 2007.



- ends -



Enquiries:

Bell Pottinger Corporate & Financial 0207 861 3232
David Rydell / Emma Kent / Amy Rajendran




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

END
NORFFLFWDSWSESF


tesco888 - 14 Nov 2007 14:10 - 652 of 715

No Cynic I will be happy with you eating your words and publicly stating it on here and if Its not at 2 within 12 months i will do the same..................tesco

cynic - 14 Nov 2007 14:13 - 653 of 715

very happy to do so! .... current figures should be fine, apart from the hole that must assuredly still remain from the loss of YSL ..... i can tell you that the menswear designer to whom i alluded fullfilled his/her word by completing the range before leaving ...... the replacement is said to lack experience shall we say.

though no company (or range) is or should be reliant on one person, it still highlights the incompetence of the management that they lose their design staff on a very regular basis

tesco888 - 14 Nov 2007 22:51 - 654 of 715

Show you know what your talking about What's the designers name" ..................tesco

cynic - 15 Nov 2007 07:31 - 655 of 715

no ..... but then nor do i care very much whether or not you believe me ...... i know i tell the abolute truth and that is all that matters

kitosdad - 16 Nov 2007 17:02 - 656 of 715

Tesco ... be a man and take his bet. It's only 50 quid that YOU WILL LOSE.

tesco888 - 17 Nov 2007 09:10 - 657 of 715

kitosdad, how can I place a bet with a poster who gets all his facts wrong and when put on the line says "i know i tell the absolute truth and that is all that matters"
Again final chance : Whats the designers name or lose all credibility.

cynic - 17 Nov 2007 09:29 - 658 of 715

i am more than happy to lose my credibility with Tesco ...... however, as i have known the designer in question for many many years, and even know the subsequent job that was taken and where, i think there is a very strong likelihood that i know both the sex of this designer and the precise post held at MPH!

cynic - 19 Nov 2007 08:09 - 659 of 715

figures and trading statement are miles worse than even i expected ..... i actually thought MPH would be able to paper over the cracks for another 6/12 months, but clearly not so.

lex1000 - 19 Nov 2007 08:28 - 660 of 715

Agree.Where were the profit warnings.Market & sellers knew.Greenmark not the bargain cracked to be. Provisionally valued @ #8m now reviewed & reduced to #2m.Kick in the teeth again for long term investors & does nothing to restore confidence.MM took a big bonus too hardly the way to restore sentiment & build fences with the City.No holdings but take no pleasure in watching.Possibly test 60p again?

cynic - 19 Nov 2007 08:34 - 661 of 715

me too, though i accept there is a somewhat subjective or even spiteful glee involved

lex1000 - 19 Nov 2007 08:50 - 662 of 715

pbracken - 19 Nov'07 - 08:49 - 2960 of 2960


Morris has misled shareholders, no question. The AGM statement gave no indication of today's FY profits warning, and it's inconceiveable that the Board were not aware of the likely shortfall in September. The FD's departure probably relates to some issue over the extent of the disclosure - why would Harrison want his reputation tarnished by a Chairman playing fast and loose?

It's very unlikley that MPH will make up the profits black hole in the second half, which means a second warning is imminent. The US, inparticular, has been a disaster, and the restructuring announced today is probably a precursor to the sale or closure of it.

In summary, poor results, deceitfully packaged and disclosed, from a board led by an inflated ego.

cynic - 19 Nov 2007 09:05 - 663 of 715

could not have put it better myself .... have been saying for months that the chickens would come home to roost sooner of later, the former being the case as it happens.

cynic - 19 Nov 2007 11:35 - 664 of 715

lex .... looking very much as though 60p will be tested toady rather than somewhere in the future.

tesco ...... don't say you were not warned several times ...... it's just that all has come to pass a lot quicker than even i envisaged.
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