I have been in and out of these a few times :-)) ..... bumping around their bottom but starting to bounce a little ..... closed @ 87/90p on Friday.

They have fallen from grace because of poor distribution probelens caused by poor management and an out of House warehousing system. THis is being sorted and new guys have replaced the old .....

Great brand name and selling could be overdone ..... anyway I am in for a few @ 90p and will let them ride for a while - not a t trade. Recent director buying around this price


ains


bought @ 90p - currently moving up at 141/145p 13/05 = plus 56.66% net

They seem to be proactive in addressing their problems and are increasing overseas profits - they now have over 1,000 overseas stores.

I guess the perception is they are making the right moves.

What's the difference in buying internationally, surely no different to the UK ie cheaper outlets on internet to buy from as here. Are there goods any cheaper than in the UK? Obviously market so far seems impressed.

Went short on the spreads on Friday @ 177.7 going well today. Moved stop to 172.7 to lock in + 5.0, target 160.0.

Thursday -

Mothercare is another retailer that is likely to have been hit by bad weather, and Peel Hunt is expecting the baby-wear and toddler goods seller's first quarter to see a continuation of the poor trading trends seen in the previous quarter. "We expect LFL sales to fall by c8%, with Direct negatively impacted by the platform change and gross margin also down yoy [year-on-year]," the broker said. "In short, this is not an instant recovery plan, although we expect international growth of 15-20%," Peel Hunt added. "From recent marketing activity, we sense the majority of investors are open to Mothercare's three-year recovery plan. For our own part, we rate the new management team highly, but see potential for 2013E UK losses to widen before initiatives gain traction in 2014E," the broker said

I think these may surprise.

I do hope so Skinny, on the upside that is.

Interim Management Statement

Group performance, first quarter

· Worldwide network sales(1) up 1.1%
· Total Group sales down 4.4%
· International retail sales(1) up 11.0%
· Total UK sales down 10.2%
· UK Direct in Home sales down 7.1%
· UK like-for-like sales(1) down 6.7%

Ouch, thats going to hurt at 8.00 am.Uk very poor.

Indeed.

ED: Just to qualify, the UK situation is not a surprise as this has been on the decline for a few years now but unfortunately MTC seems to be priced mainly on the UK business and not along side their ever expanding worldwide expansion.

I restate my post 91!

Agree skinny

post 98 implied exactly the opposite!

They will surprise. :-)) at the fall of the sp

Yes - just shows you!

That was based on talking to a friend who's daughter is reasonably well placed. So where to throw the dice today - here or BVIC,

"So where to throw the dice today - here or BVIC," How about the betting shop? -):

Well an nice early "surprise" for you Stan - up 5.5% as I type.

+15p .... be thankful and sell!

Up now over 7% Skinny, a long way to go for me but reassuring it's going the right way.. for the moment.

Stan - I haven't traded them since last autumn, but being a recent grandparent, I follow them a bit more closely!

Anyway up 24.75 +12.1% as I type.

Stan, I've joined you here this morning.