Member Info for RMR1969

That would be fantastic if indeed it happens, I just feel it will take longer, still a 50% move up from here to get to £20.00 though and there are likely a number of twists and turns yet, I wish it were that easy to make money on here..........

seems to be moving about a bit, does it always move so? New investor here but didn't expect 8% price movements from low to high in a day with this one............

RNS was on 23rd December at 4.30, easy to lose amongst all the others.............

Parfett123 - it is today I believe, 5.00pm deadline according to the previous RNS

with the number of people / parties who would have to be involved in such a deal and to get the RNS checked and validated before release, could it really be that the everyone was fooled so easily - doesn't make sense when you think about it does it?

kind of get it when some poor old pensioner loses their life savings to some 'bar steward' con man, but not when you have lawyers, Nomads, BOD involved............the checks and balances, volume of calls, emails chain, meetings, and DD etc would surely be huge?

Got to be more to this than meets the eye IMO, doesn't necessarily make it any better of course, but I am looking for a very detailed explanation indeed.

not sure I am 'mildly excited' however all this seems exceptionally odd.

You don't produce a detailed official RNS such as that delivered here regarding the QIA without much DD and work beforehand, something was obviously 'agreed' and sorted, these people work in relatively small circles so surely any dodgy or underhand shenanighans would have been identified early on in the process, or at least at some point along the way.

Todays RNS states 'questioning the validity of the loan agreement' - maybe there is some conflict of interest going on here, it strikes me as odd it has taken so long for this to come out after the original RNS. Maybe another business has got the hump and decided to put a spanner in the works so QIA are back tracking a little.........? Again would be unusual though.

Who knows what has gone on here really, but we will find out for sure, one thing I do know, things seldom turn out as you predict on AIM, often the opposite happens to what you expect.

I can't imagine it will be long though until the real story is shared. GLA

ah yes I see what you mean............maybe my first ever filtered poster..........

mamboman - I think that it is suggesting todays price ought to be more like 3.23p rather than the 1.75p we have now taking into consideration all the opportunities we have, that is an 85% premium to todays price!

Now if we realise them, and demonstrate value to large businesses, this will grow significantly as the years unfold. SP valuations are as much about potential on AIM as actual real value.

It wasn't the lookalike packaging I was referring too, that is just marketing which helps customers understand where things may have come from, it was actually watching out of my office window the suppliers arrive at the depots of both businesses in Middleton and Lutterworth delivering the supplies.

Totally up to you Bobsto12, if you are happy paying a premium for the same products each week, I bet if you were offered 1.90 per M&S share to buy on HL and 1.50 to buy the same M&S share on another site you would choose HL................GL with that.

Final target valuation for Integumen plc of £34.6 million, equivalent to 3.23p/share (Turner Pope)

https://gallery.mailchimp.com/d9ebd7c1aa0f3dbc5fab42eca/files/731ba7a3-e975-4c5e-8bd2-6daa16181bbe/Integumen_INITIATION_FINAL.pdf

Bobsto12 - I am not a holder, just an interested retailer, I am not a deramper either, I just would not invest my money in such a shambolic place, how many chances do they need to get it right, the story is the same every year and has been for years now.

I did work for both Aldi and Lidl however back in the 1990s when they were very new to the UK and spent time in Germany with them. Their quality is not shi*e to be fair, it is excellent, always was, and it continues to improve each year. Their wines, chocolate, tinned products, and now even their fresh product matches up to the best of the others including M&S, they share many of the same suppliers, it is simply British brand snobbiness which remains - think about it, how many factories actually make washing powder in the UK, how many make biscuits, it is limited, and these factories supply all the major foodies, it is just the packaging that changes.

So no not a shareholder, never will be, nevertheless I am interested to read the BB of retailers especially to keep an eye on what is happening. I will now leave you all to your investment, GL

M&S said it overestimated demand for tight-fitting men's clothing in the run-up to Christmas.

Appreciate I have already written on this but I saw this on BBC News and it beggars belief.....I quote

"M&S says it over estimated the demand for tight fitting mens clothing in the run up to Christmas, as a result, the High Street retailer said it had ordered more "regular" and "relaxed-fit" clothing for spring. M&S boss, Steve Rowe, said "disappointing" issues, such as the surplus of skinny menswear, held the firm back from a stronger performance over Christmas."

No sh*t Sherlock, quelle surprise! Seriously, how much are these people paid, how many men wanting a skinny fit anything shop in M&S, just look around, most people are overweight, M&S customers, most of whom are elderly, are certainly packing a few extra pounds and probably 45-50+ at best, probably more like 60+, just walk round your stores on a weekend Mr Rowe and take a look, how many pensioners are in the market for skinny trousers and shirts? If you cannot get the basics right god help you, I am going bananas here, I am staggered they get such simple things wrong and perhaps even more staggered they have the bare nosed cheek to admit it, I would be embarrassed.........aaaarrgghh! What next year will it be, couldn't sell £500 leather jackets in a size 6 and 8, struggled to sell enough mens socks in the 4-7 and 11-14 size range......get a grip M&S, you are doomed.

IntraTrader - and it is worse than that, traditionally families trade up at Xmas and spend a little more on food, even more so during tougher economic times surprisingly, this is where in previous years M&S has done well, bulk shop at the supermarket and then the add ons and treats from M&S.

However the discounters have stolen a march on this and increased their ranges superbly over recent years taking away the need to trade up in the likes of M&S, that is a really serious problem for them and I am struggling to see how they get that back, once the discounters establish their brand quality which they have now done pretty well, why pay 30-40% more for a product at M&S? They are under attack and experience of the last few years suggests they do not know how to react and what to do, they have had so many chances.

M&S are a disaster I am afraid, they have simply gone from bad to worse. Every year we hear the same old story about how they got the clothing wrong and a new Head of Ladieswear / Kidswear etc is coming in. How hard is it really, I have been in retail for 25 years, know your customer and give them what they want, simples. M&S customers are older, always have been, always will be, waistbands are increasing, skinny fit just won't cut it. I am not sure they even have a clear understanding of their customer profile at present, they haven't for years, it is clear in the numbers.

The only thing they do reasonably well is food, however here they are too expensive on the basic commodities, they are good at the dine ins where I imagine margins are squeezed and their fresh availability is simply shocking. There most certainly is an opportunity for M&S in food but they need to review range, prices and availability, increase the footprint in many stores and reduce non food ranges to accommodate.

Customer service is also very lacking sadly these days, to be honest it has been for a while, most stores have a generally older workforce whose productivity is questionable as is their attitude to customers. Queues don't seem to bother them at all and they seldom react appropriately to them.

Store condition has deteriorated too, as a kid I remember them to be sharp, clean and 'modern' - most stores still look like they did in the 1980s with the same fixtures & fittings, of course some stores have been updated but the bulk of the estate needs a very expensive revamp.

Overall I worry for the business, I think they always felt they were too big to fail, they are not, and it would not surprise me at all to see them continue to struggle. The brand will remain, there will be an M&S store of sorts in 5-10 years time but It will need to look a lot different to those that exist today.

I would not invest.

Thanks JAdam - indeed that was the post I read and was referring too, well written and interesting perspective, I hope you are correct, it just seems so odd that they would put out a report and then really not defend it when 'challenged.'

If they had strong views surely they would defend it, maybe they have just thought, job done, money made lets look out for our next victim.

3 weeks, even taking into account Xmas is a long time to stay silent.

I still think it is a brave play, just because the mud has been slung, but for savvy and experienced traders this could be a very profitable play for 2020. Surely as I mentioned on a previous post, £12.00 is the now established bottom, there was always a fear it could drop below that as no one really knew, with that 'taken away' for now, confidence may be returning. GLA

an interesting thought, and to be fair, nothing would surprise me, if that is indeed the case we will likely hear little more from MW and the share price should just climb from here, could be an interesting few weeks with all that out of the way.

Imagine the owners are seething, I get bothered when I lose a few grand, and if I were stitched up like a kipper by someone else in that way I would be incandescent........

Someone mentioned the other day and I forget whom, but the point was that it is interesting and somewhat surprising that MW have said very little since the initial 'allegations' - that was a couple of weeks ago now, NMC have put out quite a bit since then and obviously the recent share sale to institutions.

Is it not surprising that MW have gone quiet, would you not have thought that they would have released further updates to counter the points put out by the company - but nothing as I am aware, absolutely nothing. That feels odd.

I am not sure that NMC could do much more than announce a full review, they are surely pretty confident as they would surely have considered carefully before announcing such a stance.

I made a few quid in the last few weeks trading and still have skin in the game, nothing huge to be fair but a decent chunk, I am happy to stay in at present and watch this move back up to £15+, whether it will hit the £42 mark as suggested by Barclays feels a little far off to be honest but in time who knows, should the review find nothing, and then results come good, then I imagine it is a possibility, however not sure I will here to see that. GLA

The quick 10% opportunity I mentioned on the 7th has been easily passed, looking like 17% presently with room to move further.

Note to self - have courage of convictions, believe in yourself and put your money where you mouth is.......! I did dip in but I should have gone much harder. I tend to be quite cautious and invest small amounts at a time ie £2-£3k, with a view to top up if SP drops again, sometimes works out for me, sometimes not..........overall though probably a sensible approach?

Agreed, only said on here yesterday that we needed a little more info as the business was left a bit unclear following the changes, I don't think people properly understood what was left, how well capitalised they were, what projects they had and how the future looked, this RNS was exactly what was required with one small omission - details on possible dividends, but I guess that will have to wait for now.

Had my original shares, and have topped up twice since the demerger, maybe even look to top up again.

Did a similar thing with M&G a few weeks ago, that is going along quite nicely too. Demergers often create opportunities like this for early adopters I have found, anyone aware of any others on the horizon........?