Member Info for Carrington

Around an 8pct gain this week boys and girls - not too shabby - I think the macro economic signs are slowly starting to become more positive - should augur well for MGC - hopefully another move north next week

good weekend to all

dyor etc

Agree Poker - Washington looking for a soft landing and jobs are just collateral damage - some economic experts are saying rates have gone high enough, not just in the US but also in the UK - some UK stocks like MCG are priced not just for recession but depression - there are signs that funds are picking up on this and rightly so, - wouldn't be surprised to see this finish blue today

gl dyor etc

Dow rising on the back of the US jobs report which has just dropped, - market commentators favouring no rate rises in the US maybe until year end - pretty good macro economic news to end the week - once the market sniffs any sign of a peak in interest rates shares will respond accordingly -

gla dyor etc

Added at 77.5p

gla dyor etc

Decided to take a bit off the table here this morning selling 30pct of my holding - keeping the rest for the foreseeable

gla dyor etc

Added at 80p -

gla dyor etc

I would think broker upgrades are being pencilled in as I write which should push MKS further north - ftse re entry in the bag imo

gla dyor etc

MCG dropping on the back of adverse macro economic news - higher wage inflation = more interest rate rises - you only have to look at the ftse and mid 250 today, apart from MKS, just about every share has been hammered - shorts know the UK economic scenario is going to make for grim reading for the next few months hence their short holdings will remain intact until close to when inflation/interest rates peak - nothing has changed here since the results in July apart from more rail strikes which will benefit MCG - rates and inflation forecast to peak in the UK at the end of the year - add and wait imo

gla dyor etc

The key to a return to the glory days for MKS was always going to be clothes, been saying it on here for a long time - the master stroke was getting the right team in to revamp the clothing offering then putting concessions alongside it in store - a master stroke as it forced people who buy high end clothing like Hobbs, White Stuff etc to review the MKS products like for like - this has ultimately increased market share - good times ahead here and well done to all the lth's (chilting, neil, jj etc) - an extra g and t before dinner tonight for me and Mrs C!

dyor etc

This will do for a return to the ftse Chilting - released at just the right time - happy days

gla dyor etc

Added at 85.2p

gla dyor etc

MKS in position 99 for FTSE re entry as of 31st July - next review date is the 18th August - just need to keep trading at this level and we are back in - that should add around 5pct to the share price on its own

gla dyor etc

http://www.stockchallenge.co.uk/ftse.php

Added at 112.8p

gla dyor etc

Decided to sell my holding this morning for a good profit - too much volitility around Ocado atm and could go either way - will look to buy back the holding if it goes substantially lower

gla dyor etc

If you are trading MCG then you should be either worrying if long (or making money on the short) - if you are investing as I am then you shouldn't really be on this board every day fretting about this company - the company results have only just been declared and nothing has changed since then, in fact it could be argued with inflation falling and interest rates peaking that macro economic conditions have improved - I am losing on this share as most are but have kept buying, I did the same with RR. and MKS two well run companies that had been battered just the same as MCG has - they have turned the corner as will MCG, it just takes time - market turbulence will always hammer shares - Rolls is off around 6pct after a profits upgrade only a few days ago - if MCG does not find support and keeps falling it will be taken out imho

gla dyor etc

Added at 90.8p

gla dyor etc

Sentiment against MCG in the short term but down the pipe inflation is falling fast not just in the UK but in Europe and faster in the US - wage increases have been built on high inflation but as this tapers off so will wage increases, add to that interest rates falling and the outlook is good for MCG - I am happy to keep adding, taking the dividends and waiting - this company is brilliantly run, you only have to look at the German operation where they stepped in as a temporary measure, then were given the contract as they ran it so well - it is a hard watch here atm but the share is currently close to a 5 year low, below what it was when Covid was announced and there was no vaccine in place - nobody can honestly tell me that the company is in a worse position now than it was at that time - things will turn here, if not through a recovery then from a takeover - patience needed but patience will be rewarded in the end imo.

gla dyor etc

Ftse called down this morning on the back of the Dow tanking late session last night - having said that IAG should go north big on the back of the analysts estimates being well beaten - lets see

gla dyor etc

Added at 122p - silly price imo - dividend around 6pct atm - huge staff reductions down the pipe - the company will be a massive cash generating machine going forward

gla dyor etc

Added more at 97p

gla dyor etc