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

I'd have felt happier if he had bought more earlier, we could then have had an RNS stating this on the same day as the one on Tuesday, softening the blow.
Mind you he wouldn't have picked them up on the cheap then would he !!

capa

Capa,

Couldn't agree more, still did give us the chance top up at a good price! Think we'll stay around the 30p mark until we get some news regarding Fraud etc, any thoughts?

One good thing about that Boateng RNS is that it will keep the press interested in MPH. Baoteng is such a public figure that the publicity will do us no harm whatsoever and will bring this stock to the attention of more people. As they say, 'every cloud has a silver lining'. Michael Morris evidently though so when he added 175,000 yesterday. He proves the point that it's all 'a storm in a teacup'. Boateng has simply got to pull the plug on Debenhams otherwise he is in breach of his contract with MPH. It's perhaps a sign of the company's growing confidence that they are now prepared to bring this matter out in to the open. However, had the RNS been better worded, then it would have had little or no affect on the price of this stock. What we now have is an opportunity to top up on the cheap. Their last set of results were excellent and they promise more of the same to come. Keep smiling and enjoy the ride.

Trading has faded away. Had expected the latest RNS to have had more impact. What is Morris' plan? To let the price fall away so he can get more shares/the whole business at a lower price? He seems to be the only one accumulating in any scale. If he does want to take MPH private he will not want to pay any more than he has to.

Feel there is more to this than what the casual observer can see. There must be a reason for the house broker's apparent "pessimism".

55011: Their house broker was very positive. Based on their estimate for the year and assuming a very modest PE of 10, MPH should be 45p.

"Broker Shore Capital described the results as excellent and said it was upgrading its full year pre-tax profit forecast for 2005 by about 200,000 to 4.5 million."

Sold some late yesterday. As already posted not happy with the way that RNS was handled and confidence in management dented somewhat as a result.

Still got a few, but less exposed now as MPH was my largest holding.

capa

same as ... chart said out @ 32p ... could take time to recover...onto bdh, demg, yoo, etc

Last week director buying @ 27.5p & 29p.Sell off overdone.Taking advantage of buying on temporary weakness.Good news out today.


RNS Number:0315G
Marchpole Holdings PLC
06 December 2004

6 December 2004

Marchpole Holdings plc
(the "Company")

Castelbajac boutiques opening in South Korea

Marchpole Holdings plc, which designs, produces and sells high quality clothing
and accessories for six world class brands (Yves Saint Laurent, Boateng,
Jean-Charles de Castelbajac ("JCC"), Rossignol, Emmanuel Ungaro and Ungaro) is
pleased to announce that, in conjunction with their partner Daikyung Global Co.
Ltd and under the agreement announced on 3 November 2004, new Castelbajac
boutiques will be opening in South Korea.

Marchpole's first boutique is scheduled to open in Lotte World duty free shop in
December this year followed by two boutique openings in January 2005 at Lotte
JeJu duty free shop and Shilla JeJu duty free shop, both located in JeJu Island.

Department store and boutique openings are planned to start in January 2005 with
the first in Woolsan Hyundai department store and, in March 2005, a further
boutique in Coex Hyundai department store, located in Seoul.

For further information contact:

Marchpole
Greg Tufnell - Chief Executive 020 7908 7700
Michael Morris - Executive Director

Shore Capital
Alex Borrelli 020 7408 4090

Buchanan
Tim Thompson / Nicola Cronk 020 7466 5000

Notes to editors:

In September this year, Marchpole announced strong interim results for the six
months ended 2 October 2004, with operating profit up 194% to #2.6 million
(2003: #0.9m) on increased turnover of #15.7 million (2003 : #8.0 million).


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

MSCBRBDDDUGGGSX

Ok so we are all confident that this is a good buy. So why did the share price take another clobbering today? This is one hell of a tree shake (LOL). Common sense says that their must be areason for such an almighty fall, but I can't see anything in the public arena that would account for it.

My fingers have been itching all morning. MPH are expected to report 4.5 million profit this year. We are currently on a forward PE of 7. That's cheap as chips. This stock will recover from here. Don't be left behind.

Good turnaround today...big blue day tomorrow

common sense and the market go together like yellow and green. Or chips and ice cream. The truble with common sense is it aint very common. MPH is now a bargain imho.

I agree that this is the bargain of all times - it was when I last topped up at 31p and I'm still holding with no more cash to play with. Curses curses. Could try a spread bet I suppose........

Went long today (again, having been stopped out a week or two back).

Lurvly hammer.

Pond Life

Went in with a cfd on Monday; I believe it is bottoming out and could recover quite quickly. The drop from around 30p was due to the Boateng legal action which has turned out to be a message to the chap to 'get real!' Only 1.5m sales there so not significant in terms of share price. Good luck!

Eric

Morning all. We have tick up!

Have to agree with you folks. Bought back in again this morning.

I was interested to note the number of trading statements MPH has issued so far this year.

21/01/04 07:30 MARCHPOLE (MPH) Marchpole Holdings says Q3 performance ahead of internal expectations AFX

25/05/04 07:59 MARCHPOLE HLDGS (MPH) UK smallcap opening - Marchpole up after bumper FY results & div resumption

15/07/04 08:30 MARCHPOLE HLDGS (MPH) UK smallcap opening - Marchpole gains after upbeat statement

08/09/04 12:01 MARCHPOLE HLDGS (MPH) Marchpole says trading in the second quarter ahead of company expectations

12/10/04 07:27 MARCHPOLE HLDGS (MPH) Marchpole Holdings trading performance 'continues above expectations'

Thier price has to look cheap! They have issued results that are excellent since beiong valued at 30p + . They seem to be in a period of assured performance so you would expect the price to rapidly pass previous and enter new territory.I do not think 40p is a wildly optomistic expectation for Xmas

agree...40p should be new year support