Member Info for Carrington

More than happy to keep the stock and buy more if it falls after the election result tomorrow - Nails has done what should have been done years ago - give yourself a chance to do more of what you are good at (food) and scale back on what you can improve on (womanswear) - divi maintained so 5pct plus going forward - divi will be reinvested until full year divi then this will be reinvested, rinse repeat etc etc dyor

you have to feel sympathy for these people of course but at the end of the day this is a business - if you were putting 3 pounds into something and getting back 2 would you still continue to do it? - the answer is no - share price fluctuating atm - a lot to take in - I like the overall plan from nails - we shall see what the market thinks in due course dyor etc

its a difficult one costa - mands have reduced the cost of staple clothing items whilst maintaining the quality of the product - on the basis that if you sell more of the product you can still keep or increase your margins - will they have sold more that is the question ? - more stores going under like bhs Austin reed etc leaves more footfall to pitch for - I have looked at the recent clothes offering and it looks good to me (not that I am an expert in womanswear!) so I am cautiously optimistic, having said that the weather will no doubt play some part in overall sales - food I expect to increase maybe .75pct - mands has the best food offering in the UK bar none and usually excels on the run up to Christmas when people only want the best food on the table - I expect there to be some announcements in terms of store closures, pull back from Europe etc which could push the share price up - we shall see. dyor etc

looks like the alexa chung collection has started well - http://www.telegraph.co.uk/fashion/brands/alexa-chungs-second-collection-with-marks--spencer-is-finally-on/

anyone who went short on mands at the beginning of this week has been smashed - still one good thing is that the sp rise has helped to increase my investment nicely.........now where did I put that corkscrew? good weekend all

dfslicker is talking about the dividend, not the share price!! - if it goes to this price in November I will retire and settle down in Barbados ! - no chance of that I am afraid imo but if the results are good I can see it pushing 4 quid by xmas. dyor etc

rumours that mands will offload its flagship Paris store to cut costs - this is the only info I can find that actually relates to the company - not sure either why cutting costs would reduce the share price?

like I said in my last post - chip paper and no affect on mands whatsoever - powered up today by almost 8p to 342p by a market that is beginning to realise that dividend/yield is now king - dyor etc

Chip paper

Half year results are the 8th Nov according the the mands website - ex-divi on record date is 18th Nov - before then the Alexa Chung launch on the 1st Nov - I am not worried in terms of the price going up and down, but then again I don't day trade, I invest and reinvest the dividend (unless there is a massive capital gain of say 30pct then I will take profit) - if the shares fall more I will simply buy more - mands will either come back strong or be taken out - either way its a win win as far as I am concerned gla dyor etc

short term the pound dropping should not effect mands as it is dollar hedged - it will affect other retailers though who aren't - they, like bhs will go out of business creating more opportunity for mands to take market share of footfall - also if people are cutting back they usually cut back on meals out - mands will score here with its £10 dine in offer - I personally think Brexit is overblown - I think the UK will get pretty much what it wants - after all if the UK goes down, Europe with all its current issues will go down with it - nobody wants that now do they? - this market is all about yield - basically if you look around there isn't a huge amount of it about - mands yields 5pct plus - dyor etc

I have bought this share all the way down purely for yield/recovery - I believe mands have finally go the right man for the job and although there are economic headwinds going forward as Costa pointed out - there are also big plus points in that tourism to the UK will increase and people going on holiday away from the UK will decrease as the pound continues to fall, meaning more footfall on the UK high street/internet - mands also has the food as a back up, which lets face it, is the best in the UK and that imo will continue to underpin profits - I am optimistic with the new clothing range at mands and the November Alexa Chung launch - I am not a trader and I don't get concerned when this share goes down as the yield goes up - I think if the results next month show anything like positivity on the clothing front then there could be a spectacular rise in this share so in terms of shorting I would tread carefully if I were you. gla dyor etc

Is that enough of a move up for you h?

I read in the Times today that 150,000 people had already registered in advance for the Alexa Chung launch with mands in November - the paper is bigging up the Briggate coat as a must have - good sign going forward for mands me thinks gla dyor etc

agreed - If the pound stays low costa - some smaller retailers will go bust like bhs did - that leaves less competition and more people looking for somewhere to buy - I think mands will have picked up some of the people who used to shop in bhs - time will tell dyor etc

it won't affect the cost of goods people buy from marks until next spring - they are dollar hedged until that point dyor etc

I see it the other way - the more the pound drops the less people will go abroad from the UK and the more people will come to the UK to shop - mands will pick up more trade imo short term dyor etc

Numis downgrade to 295p yesterday - report in the Guardian today - I am assuming this is the reason - Yield approaching 6pct now so I will continue to buy - the dividend is covered 1.87x so I am not too worried - dyor etc

sorry guys that last post was meant for my Tesco post - getting carried away at the moment with the meteoric rise today! - although I think the sentiment is carrying through to mands - a nice little 4p rise today - not too shabby at all

sorry guys that last post was meant for my Tesco post - getting carried away at the moment with the meteoric rise today! - although I think the sentiment is carrying through to mands - a nice little 4p rise today - not too shabby at all