Member Info for cynic

Don't get excited ..... The buy of 100,000 was just me taking my profit.

I note the new contract .... It's on my broker's site ...... For all that the shares have fallen today and the vast bulk of trading is selling. I have a modest profit in hand ...... I may just raise my stop rather than sell.

Well m8, if you want to put your money in Marchpole, good luck to you ...... I still the think the management stinks and despite the gloss they like to put on the situation, Boateng was certainly at break even and doing well .... and as i said, if not worth a light, why throw huge sums to the lawyers to fight to keep it. As it stands, I am happy with the profit i have in hand, but may bank it, purely because I am travelling next week and tradinmg in MPH has dried to a dribble.

PRTY has never been a stock I have watched, but good luck to you. BFC You may well be right that it is the way of the future. However, Barclays seem disinclined to refinance and more to the point , seem to be saying enough is enough. Yesterday's dealings, if typical, were indicative of the market's opinion ..... Quite heavy trade and all bar 2/3 were sellers.

Deano .... In mid- November BFC were suspended while they discussed crucial refinance with their bankers - i.e. no refinance = no viability ...... Had those talks been successful, there would have been an announcement to that effect ..... There was none. It therefore looks to me that the bank gave BFC a deadline to find a White Knight or fold ...... To follow that through, if the current talks come to anything at all, the offer is likely to be "fire sale" price. Would you disagree with that logic?

Deano - Sorry but have no idea; was merely passed the info by my "good source" ...... If you would find it easier for future discussion etc, am happy to give you an e-mail address or even msn

Deano .... Posted here as I know you will read it ...... A pretty accurate source recommends to short BFC notwithstanding that the company has recently received a bid approach. Oddly, the price is now lower than before the bid, which implies that "someone" reckons the bid will not go through ...... Andf apparently the company is a "financial mess". GOLD Is also approaching a strong resistance at about $522 and could well be worth a short at that level, but you will need to watch it carefully ...... Target would be high $490s, but this is a trading position rather than long term as gold is still very much on an up-trend.

Deano .... Posted here as I know you will read it ...... A pretty accurate source recommends to short BFC notwithstanding that the company has recently received a bid approach. Oddly, the price is now lower than before the bid, which implies that "someone" reckons the bid will not go through ...... Andf apparently the company is a "financial mess". GOLD Is also approaching a strong resistance at about $522 and could well be worth a short at that level, but you will need to watch it carefully ...... Target would be high $490s, but this is a trading position rather than long term as gold is still very much on an up-trend.

Yes, I like Man Group too though arguably they have gone up a bit too far too fast and may be due for a decent correction purely on profit taking rather than fundamental grounds. As for Marchpole, it seems to me that they are far too litigious for their own good and it was just plain arrogance and ego to go to court ...... Everyone knows that just keeps the lawyers fat! While Boateng may not have contributed to profits from Day 1 (of course not!), my investigations indicate that the sales are/were now strong to the extent that it was at least breaking even. However, there can be no denying that Marchpole has squandered BIG money on these court cases, let alone the damage to their reputation for washing their dirty linen in public. It has not been made clear exactly why the FD left so precipitately, and that also does nothing for sentiment.

Yes, I like Man Group too though arguably they have gone up a bit too far too fast and may be due for a decent correction purely on profit taking rather than fundamental grounds. As for Marchpole, it seems to me that they are far too litigious for their own good and it was just plain arrogance and ego to go to court ...... Everyone knows that just keeps the lawyers fat! While Boateng may not have contributed to profits from Day 1 (of course not!), my investigations indicate that the sales are/were now strong to the extent that it was at least breaking even. However, there can be no denying that Marchpole has squandered BIG money on these court cases, let alone the damage to their reputation for washing their dirty linen in public. It has not been made clear exactly why the FD left so precipitately, and that also does nothing for sentiment.

Dean ..... Either you are right and I am wrong, or vice versa ..... The bank balance will speak! In my opinion, for Marchpole to lose one high profile name (YSL) was perhaps unlucky, but to lose a second (Boateng) so soon afterwards in a very expensive law suit is not only careless but smacks of very poor judgement by the directors. If, as you contend, Boateng was of no real value, why did the directors choose fight through the courts in August .... Which of course was lost, all costs (I am pretty certain) being awarded against Marchpole ..... And end up in court yet again yesterday, which also assuredly racked up hugely expensive lawyers fees. If, as you contend, Boateng was of no real value, why did Marchole not just walk away from the licence, which would have saved huge legal costs. If, as you say, the shares are currently on a (historic?) PER of just 7, clearly the market is saying it too does not like the company and/or the year end results will be at least as dire as the first half.

I see that Marchpole have also lost the YSL licence .... See April 15th share news. Unless I am much mistaken YSL and Boateng are (were!) the most profitable elements of the Marchpole stable, so now what? ....... Would anyone want to buy Marchpole as a company? ....... What for? ..... What would they be buying?

I see that Marchpole have also lost the YSL licence .... See April 15th share news. Unless I am much mistaken YSL and Boateng are (were!) the most profitable elements of the Marchpole stable, so now what? ....... Would anyone want to buy Marchpole as a company? ....... What for? ..... What would they be buying?

Hot off the press was merely a phrase! ..... Grub Street would not have had time to print it when I posted as the action was only in court today. That the case was finished so quickly indicates that Boateng had an open and shut case. My information came through a very reliable source within the fashion industry ...... No, not from Marchpole. For sure the papers ought to pick it up tomorrow, albeit that Marchpole is a very small fish ..... In any case, surely Marchpole have an obligation to make a statement themselves ..... and I am damn sure Boateng will!

Told you so! Hot off the press - law courts actually - MPH has lost its licence for Ozwald Boateng with immediate effect.

Told you so! Hot off the press - law courts actually - MPH has lost its licence for Ozwald Boateng with immediate effect.

Though Celtic works in bandit country and is therefore pretty high risk, my gut feeling is that this is a good long term hold or even buy at these levels 185p) ..... and yes, I have put my money where my mouth is

Deano ..... I assume by MPH you mean Marchpole. Strongly suggest you read my comments there. Thought there seems to have been some buying there today (could be just short covering), I have no reason at all to change my view that MPH is a strong SELL

Well there's a surprise! Marchpole's figures stink with no statement to indicate that the full year will pleasantly surprise. Indeed, reliable market scuttle is that MPH is not at all a happy ship and that Ozwald Boateng is taking MPH back to court in early December. My guess is that if MPH lose that case (and who will bet against it?), then MPH could well be on the brink of the abyss.

Should have added that in monitoring MPH share dealings in the last few weeks, there seems to be an inordinate number of large sales ...... Are Man Group divesting themselves of their very substantial holding? If so, what has triggered this?