||EPS - Basic
||Market Cap (m)
Real-Time news about Merchant Retail (London Stock Exchange): 0 recent articles
|clocktower: Mr.Newton is reported as say " There has been a downturn in the UK retail market and in some ways Jersey has been a bit worse".
He is said to be on holiday in Italy no doubt enjoying the sun after selling part of his holding a short time ago.
Maybe the company should issue a trading statement in view of these comments if true as these things as supposed to be reported to the exchange before he makes comments that could have an effect on the share price.
|clocktower: so sales are suffering at the department stores due to competition on the high st. At last we may see this share price coming back down to earth.|
|morose: Doesn't seem to have affected the share price, up 5.75p.
I'm trusting this one for a long term hold, hopefully good judgment but the directors sales are a bit worrying, ie. they may have considered it to be peaking.
I'm hoping it will carry one upwards when the market starts to improve.|
Stocks in a disparate collection of mid-cap and smaller companies including bookshop chain Ottakar's may suffer share price setbacks following the unexpected departure of two star investment managers whose funds significantly invested in them.
ABN Amro fund managers Nigel Thomas and George Luckraft, who officially resigned from ABN Amro in March, will join rivals Framlington next week rather than in March 2003 when their 12 months' notice would have expired. The two ran £1.2bn of ABN Amro's £1.7bn in assets under management in the UK.
Stocks where their funds had been active buyers included bookshop Ottakar's, where ABN Amro had built up a 13% stake, some 7.25% of it in the Select Opportunities fund run by Thomas. Other significant stakes identified with funds run by the two include a 5.99% holding in Isotron, 4.58% of Epic Group, 4.14% of Alphameric, 3.78% of AGA Foodservice and 3.54% of Bioquell.
Traditionally when fund managers leave, their successors have a period of three months in which to reorganise the portfolio without the trades affecting their performance figures. Frequently this results in the reduction of the heaviest holdings or ones that do not fit the incoming fund manager's investment style.
There are widespread rumours that Artemis Unit Trust Managers, led by another top performer, John Dodd, will acquire ABN Amro's fund management business. There is little crossover between major listed holdings, except in Isotron where Artemis has a 5.17% stake.
Other stocks in which ABN Amro's funds are significantly overweight according to recent filings include Budgens (13.07%), Stirling Group (13.05%), Merchant Retail (13.03%), Alexandra (12.36%), UCM (11.22%) and Ideal Shopping Direct (6.46%).
Thomas ran ABN Amro's UK Growth and Select Opportunities funds, while Luckraft ran the Equity Income and High Income funds. end.
2 very large trades gone through this am.
I think this stock will drop after results. It may be a very well company but can it sustain its high rating, especially with the economic enviroment turning against the retail sector. Some profit taking may well be in order.|
|melfaraj: morose, do not worry about any lost chances. there are always so many out there even in this grey climate. always look forward and do not be afraid in investing in shares that have reached sky high. in fact some canny investors would set a rule of not investing in a share if it is so many percentage points below its peak. this is momentum investing and i go for it myself.
one word of warning with retail results of recent. it seems to me that mm's let the share peak as it nears the day of result anouncement.and then on the day of anouncing the results, and they often have been very good recently, drop the share price. ebq went down 5%, perhaps some 8% intraday as it had gapped, on the day of announcing excellent results of profit increase of 50%. and the price kept on dropping for the following couple of days. it has , though, picked up rather nicely since.|
|bundmar: maryquant - companies update is in line with expectations, company has reiterated it is likely to meet targets. But this current consumer boom in the retail sector has been met by consumer credit, so many traders tend to think the growth will not continue, and towards the later part of 2002 there will be a slowdown in consumer spending. The share price has risen from 65p to 1.20 in a a four month period, there seems like lots of support at the 97p level, so the share price may come down and test this level. Note the company is currently trading on a PE of 22 which is a premium to the rest of the sector - so any sign of a slowdown (via economic data) then these kind of stocks will be taking the biggest falls. dyor imho etc|
|melfaraj: bound to come. however, i should emphasise that the sector as a whole has been out of favour with the market on fears that the very strong performance it has seen over the past 3 months is bound to be tempered, in particularly in view of the rather gloomy outlook for the market as a whole.
yesterday electroncis botique, ebq, posted a profit rise of nearly 50%, like for like for december this year and last year, only to see its share price hammered down by 6% on the day. dixons posted yet higher profits and the share got hammered down too, and by almost the same percentage. it seems that somehow the market is discounting this sector by some 6%. but ebq clawed back some of its losses, yesterday afternoon and today. no market can stay in the way of such a rising tide!
i have no figures for mrt, so not in position to comment yet. but dixons seem to think that electronics and games have more to go. somehow, the odd downers may help to boost the performance of this stock yet further!|
|melfaraj: analcime, there are no easy answers when handling a share that has reached new summits and uncharted teritory..etc as i had said earlier on this thread. so long as there is momentum then i suggest you hang on. and at present there seem to be momentum in the whole sector. just look at the gains in the half day trading today. for the whole sector it is .26%, the worst result for a stock that i have kept a track on has been 0% change, mrt, managed .2%.
if mrt is to continue its present momentum then the price should double in less than 2 months!! i am not so optimistic because of the impact of 11 sept that had the artificial effect of dipping the share price.|
the ultimate arbitrator is the price of the stock. this has been rising. january sales bring further profit to retailers, so expect the price to continue its hike for january. keep tight stop losses. as long as the share price is rising investors are reaping the benefits, is this not what investing is all about!?|
|acumen: The Xmas trading statement in early Jan is probably key to
future direction of share price.Poor figs will see share price
Maybe an idea to check out your local Perfume Shop and ask how
trading is going in comparison to last year.
For my own part I sold these last week at 105p believing they'd
become fully priced. HoHummm
Merchant Retail share price data is direct from the London Stock Exchange