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

so buy if you want, but recommend that you walk through Knightsbridge or even your own high sreet and see how many shops are up for sale and how few customers there are in those still open ....... i happened to be in SW1 yesterday and was horrifed by how quiet it all was

This looks a bit similar to HTT "Hot Tuna" Which I am in !! They have had a bad few years and are now under New management and they have had a good result with the Summer season for Hot Tuna increased nearly four-fold to US$2,118,000 (2007: US$593,000):
in the UK and Europe have increased 454% from 100,000 to 554,000;

And A few more updates on the HTT thread !!

htt - t/o or profit!

how very careless .... yet another FD resigns having only been in office since November (I think) ...... still reckon this is a well run company???

aye ! I think I will stick with my "HotTuna" :)

whoops-a-daisy! ...... looks like the chickens have come home to roost, to rather mix metaphors ....


Share trading in fashion supply group Marchpole has been suspended.

Marchpole, which owns or has the licenses for brands including Emanuel Ungaro and Jean Charles de Castelbajac, said that it had requested that the Financial Services Authority suspend the company's listing, and trading in the company's shares on the London Stock Exchange pending clarification of the group's financial position.

Last month, Marchpole said that trading conditions had been "extremely difficult" as a result of the ongoing financial crisis.

A statement from Marchpole said: "The board said it was taking all appropriate measure to deal with the current challenging economic environment and is maintaining a regular dialogue with the company's bankers, in common with most other businesses exposed to the retail sector."

i should clarify that i do not actually wish MM personal misfortune, even if he has probably brought it on himself ..... however, that he could not see that (his) awful man-management made it almost inevitable that the company would eventually hit the rocks, really is unbelievable

Administrative receivership.

Don't own thankfully.

Sympathies with those that do.