Member Info for Carrington

just wondering if some short selling covering is going on here, fuelling the rise - share price up 23p now - definitely time to start making some phone calls if you are short on this

I think sticking with high yielding stocks like mands is the way to go sid - in this market yield is king - it may take a bit of time but I am confident mands will come good in the end - right man in charge now -expanding on food with ba deal and other simply food store expansion and their recent clothes are looking good - dyor etc

back in again at 308p - not concerned about the drop - this is an investment for me and I am looking at mands recovering in the long term - yielding almost 6pct now so will reinvest the divi again as I did last time - if mands keeps falling it will be taken out imo - recovery or take out either way this share will rise long term. dyor etc

topped up at 313p -

agreed - back in again at 318p - only just reinvested my previous divi from mands at 324p so happy to buy in for less - not sure what is going on atm - I think retailers in general are being battered but it has been overdone imo - Next results up on Thursday and Morrison's - this could push the share one way or another on sentiment - if it falls more I will buy more - this has always been an investment for me not a trade - I am in purely on recovery as I think mands now have the right man for the job and also for dividend (at plus 5pct where else can you get that these days!!) GLA dyor etc

I expected profit taking but not quite this much!! - a bit of herd mentality going on I think - may have to buy some more if it keeps falling - yield now over 5pct gla

I have noticed over the past few days that there has been some massive spikes upwards followed by a slight retreat then a steady upward march - I suspect smaller investors who have lost quite a lot are selling on the peaks to retrieve some of their losses and big institutions are buying big on the dips - the floor seems to be around 347p - either way the trend is upwards - big restructuring going on atm by a man who takes no prisoners - I would be very worried if I was short on mands right now - sticking to my short term target of 360p with around 400p by Christmas. GLA dyor etc

Disagree - Rowe has a proven track record of success at mands - look at the food division when he took over in 2012 and what it is now - mands is still taking market share from every other retailer and the food market is much tougher to make a profit in than clothing right now - just ask asda, morrisons et al - clothing is no different - you need someone who knows everything about a company in order to make changes - it is very early days for Rowe but we will see in November if he is a guy with little vision or not -

Very good news imo - sad, obviously for people who are losing their jobs but it is the right decision going forward - as I said in previous posts - this guy knows what he is doing - he knows mands inside out and knows what has to be done - this is just the start - I am very optimistic going forward - given reasonable trading conditions I can see mands pushing on towards 4 quid through the Autumn period - a bit of profit taking at the moment but I am expecting a bounce back past 360p by the end of the week once the market has digested the news. dyor etc

My target was 350p short term - this has now been realised - have I sold - no - As I said in my previous post - yield is now king and traders/investors are now starting to wake up to that fact - BHS is now gone and MANDS will mop up the majority of their customers IMO - retail figures post Brexit are good and if MANDS have made inroads into the woman's clothing then we could be looking at spectacular gains here come Christmas time - expect profit taking next week, then onwards and upwards - good weekend all dyor etc

nice little movement up this morning - I think fund managers and traders are beginning to realise that Brexit is overdone - the GB retail consumers are continuing as normal - in this market yield is now king - this share has the yield and this share is way oversold - up 5p this morning with the ftse down almost 1pct - not too shabby me thinks - dyor etc

Retail sales pretty good - looks like Brexit reaction has been overdone - we have had some profit taking this week on mands but I now think we should start to see a tick up - we shall see dyor etc

something to be aware of - retail sales figures out at 930am on Thursday - could have a big impact one way or another on Marks - fingers crossed for a decent set of results!!

As I said in my last post on Wednesday - my target for today was 350p + - nicely achieved today with room to spare on a 354p finish - expect a little profit taking on Monday but after that onwards and upwards - I have noticed that two short sellers - Cidadel and Lone Pine reduced their exposure recently and I think more will follow which hopefully fuel the buying - good weekend all and good luck for next week! dyor etc

Blackrock have just increased their holding in Marks to over 5pct - they know - like we know - that this share is way oversold - Marks has gone from around 318p to 338p at close of business today - that is 20/318 = around 6.2pct - there must be a few shorts smoking by now - hopefully this will fuel the rise - I am looking for 350+ by Friday (assuming there is no catastrophic economic news in the pipeline.) - gla dyor etc

I have been buying this share all the way down to below 3 quid - will I sell now? - NO - the share is going way over 4 quid imo - why - dividend around 5.5pct and covered - p/e around 10 - but the main reason is that Steve Rowe actually knows what he is doing - pricing competitively on woman's clothing, while at the same time keeping the quality - the recent designs also look good which should appeal to the so called mrs m and s brigade - the objective - to take all the customers that cant go to bhs anymore - the extra 200 stores will be good for food of course but the main target is woman's clothes - if they can get this right then the current share price will look ridiculous at the end of this year. dyor etc

like I said in my previous post - Marks fundamentals against their rivals will start changing broker opinions pdq - credit Suisse today upgraded Marks from underperform to neutral - punters react to what brokers say (whatever anyone may think of them) - hence the share price gain today - the key is to anticipate what brokers are going to say - know the game!!! - dyor etc

I have been buying Marks from 4 quid all the way down and will continue to buy - they have the right man in charge now imo - reducing basic staple items which according to Rowe has shown encouraging early signs in todays 1st quarter results) - this is a good move imo as it concentrates on its core customers and targets Next while at the same time mops up customers who used to use BHS - Rowe understands that Marks must prioritise its core customers and let Primark, New Look Boohoo et al take care of the kids - on the broker site I use Marks is showing a p/e of 8.40 on a dividend of 6.36pct covered 1.87x - compared to Next on a p/e of 10.72 and a dividend of 3.33pct - brokers can only keep saying sell for so long before they have to take account of the fundamentals of the company -

where ever it goes next I will still keep buying - I have been buying from 4.50 and I am still buying - Marks will get taken out if it goes much lower, silly price now - people still need to eat (and if they cut down on dining out which they generally do if things get tight then Marks will benefit - also Marks has more power in terms of negotiating clothing margins than the smaller players do so expect more retailers like bhs, Austin Read etc etc to go out of business as sterling falls - less players on the market means more market share up for grabs - only possible issue maybe the pension side of things - they need to get this agreed but now is a good time to do it - when people are worried about the future they are more likely to agree to a proposal imo - dyor etc

BHS IS/WAS inferior to Marks but their basic clothing range was always slightly cheaper - hence why Marks have slightly reduced their basic clothing range - to target the customers that used to shop at BHS -