Member Info for Carrington

i actually sold some here this morning - even i am beginning to get frustrated with the way it is going here - ffs putting your hat in the ring to purhase a company when your share is on its **** is just plain stupid - the market will always sell off on this sort of news so why do it ? - daft management

gla dyor etc

A lot of UK shares are at 6 month or 1 year lows atm - symtamatic of macro economics - interest rates going higher, inflation not yet under control, the war, possible recession etc etc - so shares are marked down accordingly - one must bear in mind though that interest rates by most economic analysis are nearing their peak and inflation has indeed peaked - markets look forward not backwards and these will be factors going forward - as Buffet famously said - when people are greedy be fearful and when people are fearful be greedy - personally I will be greedy with NEX and continue to add

gla dyor etc

The train strikes are manna from heaven for NEX - I mean the people who have/will use the bus service as a replacement for the train service are getting transport that runs on time, the comfort of your own seat rather than standing up in the aisles jostling with people and at a price that is more cost effective for ones budget - I wonder how many of these people have gone back or will go back to using trains - not many imo

gla dyor etc

Added more at 73.2p

gla dyor etc

I would echo what Longish said here - the EU are open to mergers and big tech paying more to telecoms companies as pointed out in this FT article in Feb - this deal is going through - Malone and co know a lot more than any of us on here - follow the money

gla dyor etc

https://www.ft.com/content/127959ad-71d7-4b91-a438-46bca2d4baa2

Xxxacc - for me all the bad news is more than in this share price - interest rates look like they will peak year end, inflation has already started to fall - service sector holding up well as are employment levels, - add to this the first group results augers well for NEX going forward - markets/fund managers are forward looking and the narrative here will change soon imo and NEX will come back into favour - lets see

gla dyor etc

Added at 74.5p

gla dyor etc

"BR closed its 0.84% short alright with its loss!

Then reopened another 0.92% with start price 187.6p!! Determined to get its losses back!" - LMFHO at this Neil - when you are in a hole stop digging - I am assuming they are doing this based on interest rates and inflation rising as they have done for the last year and this having an effect on MKS - trouble is the MKS demographic have already come through this and going forward inflation is falling and interest rates will follow suit - Blackrock to get another hiding imo - lets see

gla dyor etc

Added more this morning at 75.1p

gla dyor etc

Blackrock are sitting on some big losses here atm with their current short - they must be considering reducing unless they are trying to drive down the price for a third party to accumulate a holding - MKS is still cheap atm imo along with several other UK stocks - it is not beyond the realms of possibility that it could be taken over, usually companies get taken over when they have established a complete recovery but with scope for further growth - MKS fits the bill imo

https://shorteurope.com/details_company.php?company=MARKS%20AND%20SPENCER%20GROUP%20PLC&land=united_kingdom

Just come through on IG Live - I suspect this has something to do with the increase in telecoms stocks this morning.

VODAFONE AND HUTCHISON TO ANNOUNCE AGREED MERGER OF UK OPERATIONS AS SOON AS FRIDAY OR EARLY NEXT WEEK- RTRS

8:26 am · 7 Jun 2023

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951

Views

Just come through on IG Live

VODAFONE AND HUTCHISON TO ANNOUNCE AGREED MERGER OF UK OPERATIONS AS SOON AS FRIDAY OR EARLY NEXT WEEK- RTRS

8:26 am · 7 Jun 2023

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951

Views

MKS only just outside the ftse 100 now at position 105 as of the 30th May with an mcap of 3558m - looking at the table I would be surprised if 4028 didnt put it into the ftse at the next review - that would indicate a share price of 205p required - good summer trading should see us through I think - lets see

gla dyor etc

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

Added some more this morning at 76.9p -

gla dyor etc

Decided to add some more at 78.6p -

gla dyor etvc

It is soul destroying seeing a share being targetted like this - the shorts are playing the macro economic situation and with Germany now in recession and the Americans screwing around with the debt ceiling it is paying off for them - they are looking for pi's to capitulate and fuel the sell off - NEX company fundamentals are sound, we know this from the results only a few weeks ago when a dividend was reinstated - as Buffet once said be greedy when others are fearful - no time to sell atm imo

gla dyor etc

Blackrock increased their short position to 0.76pct on the 22nd May - they are taking one hell of a beating today - never mind you win some you lose some and they just lost big - 11pct worth atm with MKS currently at 183p - I would think their position is being reviewed for closure as I type - I can feel an additional G and T coming on before dinner tonight for me and Mrs C !

gla dyor etc

Added some more this morning at 53.8p

gla dyor etc

Ofcom never had an option to say no to BT - it would have put them in the position of saying to the general public you cannot pay less for the service you require at a time you are on your knees with the ravages of inflation - they were never going to put themselves in that position - beginning of the end for altnets now - I have added this morning at 148.1p

gla dyor etc

Some good stuff in here today, I expected a divi but the fact that they are reinstating it for the interim is good news - tide has now turned for MKS and turned big - I expect positive broker comments to follow in due course -

gla dyor etc