Member Info for Carrington

Added at 185.3p - gla dyor etc.

Down 3.5pct today a day before results which is pretty unusual - maybe some news has been leaked here and the big funds are offloading - I will be watching closely here tomorrow morning - I held Tesco back in May and sold in the 390's for a 5pct profit which in retrospect was a sale too early, having said that results of late in retail have not been great - Next got hammered on its update as did Mitchells and Butler a few weeks ago as analysts took the view that the UK consumer is reigning in spending pre budget - I am also of this view but more than happy to buy back into Tesco at the right price - lets see how it plays out tomorrow - gla dyor etc.

Decided to sell my holding in PETS this afternoon at 209.2p - a 9.5pct overall profit - happy with this and happy to wait on the sidelines for now - I am cautious re UK retail atm - looking at recent results for Next, Mitchels and Butler etc it is clear to me that consumers are reigning in spending pre budget - it will be interesting to see how Tesco plays out tomorrow - they are tanking today which makes me think someone knows their results are not going to be great tomorrow - lets see - gla dyor etc.

"Carrington, It’s more expensive to rent anything than it is to buy over the whole country. It’s just harder for people to get mortgages" - Steve - yes I would agree in London you need around 8x salary atm to purchase but areas like Wales, Scotland, Yorkshire, North East etc the multiple is around 5.5 to 6x - plenty of lenders doing 5.5x multiples right now - mainstream lenders like Nationwide, Halifax, Barclays etc and all these lenders have reduced the deposit required to 5pct - another interest rate cut would put the monthly mortgage payment WELL BELOW the equivalent rental payment, moreover lenders assess the total potential monthly payment required for a mortgage as a central part of determining affordability so any further decreases in interest rates reduces the multiple required to borrow - so plenty to play for - gl dyor etc

Not surprised by these results tbh, the research I did a few weeks back re the London area showed the development in Farringdon sold out with the new phase which has just been released selling fast - Nationwide HP index this morning showed up higher mom and year on year than analysts estimeates which should support TW going forward - Just need another interest rate cut now to keep momentum going - I live in Greater London and it is more expensive to rent a flat than buy one - not sure if this is replicated throughout the UK but when this happens it is usually the turning point at which people start to buy - lets see - gla dyor etc.

Solid results this morning as I expected - plenty of resistance shown over the last 6 months at 40p and that is my own personal target - lets see how it plays out - gla dyor etc.

Added at 187.9p - will continue to add on further weakness - BT capex now peaked so FCF will only increase from here - Altnets keep borrowing to fund their own fibre expansion which is way way behind BT already - the end game for me is when it comes down to a price war in terms of broadband - BT will have the funds to facilitate a price war as their outlay on salaries will decrease massively going forward, alongside an 80pct reduction in telephone exchanges which can then be sold off, with the copper assets also sold off - so plenty of money to fund a price war - what do the altnets have ? - a large debt pile which has to be paid for - Mittal is not stupid, he is in here for the long haul, so am I - gla dyor etc.

Beo, the 5pct down on clothing would tally with my previous post re the overhang of stock which seems to be a general trend with retailers atm which to me indicates people are reigning in spending pre budget - good news re food/cafe though - the issue come results in Nov IF clothing has dropped, will be the market reaction, of late ANY adverse news has been savaged - MAB reiterated guidance yesterday but because the sale of food/drinks went down in London the shares tanked - gl dyor etc

I have held back on the purchases of the stock I sold at 357p - I have bought back around 20pct of what I sold to add to my core holding but I am slightly concerned about the new stock which appeared on the MKS website for clearance a few days ago, the stock appears to be part summer part autumn/winter and it is across the board, woman, men, kids etc - looking at other retailers John Lewis have slashed prices on their clothing by 70pct so the overhang of stock does not appear to be relevant to MKS alone - I think maybe the consumer has started to cut back in light of the upcoming budget and the potential tax implications - having said all this there may well be a benefit to MKS with people deciding not to go out to eat and instead buying MKS food to eat in, - in the meantime I will wait on the sidelines until the interim results on the 5th Nov - gla dyor etc.

I am beginning to think there is negative sentiment here due to the company being based in Israel which is fast becoming a pariah state - will this affect future sales on which MTI depends - I reduced my holding here a few weeks ago - I still hold 50pct and have made good money in the past but I am a little nervous here how this will play out - thoughts anyone? - gl dyor etc.

Sav - personally I think 234p is a baseline here - a conservative estimate imo - 2.10pct out in shorts at the moment - that is a lot of money in the grand scheme of things - lets see how it plays out - I think Mary makes a good point here - activists have been garnering good results of late - look at BP with Elliot - I would be surprised if we didn't finish further north today as shorts consider their positions - lets see - gla dyor etc.

Irenic are suggesting it is 50pct undervalued - which would imply around 234p on last nights closing price - gla dyor etc.

https://www.reuters.com/sustainability/sustainable-finance-reporting/irenic-capital-moves-rustle-up-takeover-interest-upper-crust-owner-ssp-ft-2025-09-25/

When a company is as oversold as this value will out one way or another and that card is being played today - glad I kept adding - well done to all that kept the faith - gl dyor etc.

Retirment - when people start making statements like "I am made for life" I just switch off - I worked in the City of London for 30 years, starting in the 80's shortly after big bang when big money was made, and I mean big - the spot traders were on 100k basic back then and this could be quadrupled in bonuses depending on how the trading went, so well over 1m per annum in todays money - nobody I ever worked with ever bragged about how much they had made, - they had no need to you see - I wish you well in the future Retirment but regret to say that I will no longer respond to any of your future posts - I have now filtered you as I believe you are basically a fantasist and a liar that needs to seek medical help -

Sure you did Retirment, sure you did - LMFAO

Retirment -"you think you did well but now will have to buy back for more than you sold some for and you call me out for making 10% on some ? unless you get lucky again you are not making it back are you !" - you have been on here a couple of months and made 10pct - well done - I have been on here investing since 2015, before Archie Norman even joined the company and accumulated most of my MKS core holding around 2020 when the Covid pandemic took hold, and the stock was below 1 pound - my core holding average is £1.26 so not overly concerned if I made a range trade and paid 0.5pct stamp duty - as long as I hold my core holding you will never make what I have made in percentage terms - so I don't need to "get lucky" as you describe it - good luck with your future investment in MKS -

Retirment"I don't get the gamble," - no mate you don't do you - that is why you missed a 9pct swing trade on MKS, a share you are holding and yet you claim to trade on 5pct trends which you failed to see 3 times in the last 2 months on your own share - you believe in going all in and waiting it out which is fine - I do on certain shares - MKS was always going to fluctuate over the past few months on sentiment with the cyber attack and any adverse macro UK economic news of which there is plenty atm - as I said, I will continue to add back the shares I sold on any further weakness going forward - I have to agree with what JJ said in an earlier post, stop making posts about the poster, its rather childish and at the end of the day, everyone wants to make some money on their investments and everyone has a different investment strategy - trying to belittle posters because their investment strategy is different to someone elses is quite frankly sad - gla dyor etc.

Carondean - I bought a few back of the shares I sold at 357p for 353p - I didn't buy back the whole of the shares I sold! - I will use the remainder of the shares I sold to buy as and when I see sp weakness in order to add to my core holding - I always disclose how much I have paid for shares or sold shares for AT THE TIME I purchase or sell them which is transparent enough as far as I am concerned - sure there is luck on buying and selling in a day as no macro/micro economic news but no luck in reading the macro correctly to determine 9pct swings as there has been over the last few months - gl dyor etc.

Bought a few back this morning at 353p - gla dyor etc.

Added a few more at 445p - gla dyor etc.