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US rising big as retail sales better than expected and an inflation number lower than expected - imv markets/fund managers buying up cheap stocks on the basis of interest rates in the UK and US near peak and inflation already peaked - good times coming for MCG - rerate coming down the pipe here or maybe even a takeover - predators normally look for macro economic conditions to be favourable going forward before a bid it tabled so this has to be in play now at this price
gla dyor etc
I think MKS has been walked down on the back of the JL news Chilting - when in reality MKS are more or less responsible for the demise of JL - I sold a tranche here at 226p and will buy them back if this falls below 214p (a 5pct short gain) -
gla dyor etc
https://www.theguardian.com/business/live/2023/sep/14/john-lewis-delays-turnaround-plan-losses-arm-holdings-ipo-retail-ecb-pound-euro-interest-rates-business-live
Hey Josey - personally I don't see a rights issue - MCG have operated with the same debt levels previously - it is the nature of the beast with this sector and always has been - MCG well hedged for fuel and the economic scenario is improving not deteriorating - I won't be selling anything, I will add more if it falls below 80p
gla dyor etc
I said in a post a week or so ago that sentiment is changing with regards to undervalued UK stocks which have been driven down on rates and inflation rising alongside a worldwide recession - shorts have milked this for all it is worth - MCG is one of a few UK shares that has been hammered - as the reality of interest rates peaking and inflation reducing takes hold this share will rerate imo - Bailey has as good as said rates are probably already at their peak - mortgage lenders agree and have been reducing rates big over the last few days - good times ahead here just stay patient.
gla dyor etc
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