Murgitroyd Share Discussion Threads

[roughjustice] 01/4/2006 22:33

Since I am the one who suggested insanity, maybe your post was six minutes late rather than the opportune time to buy.

As for it takes all kinds, well investment guru's such as Jesse Livermore suggested that it wasn't his thinking that made him the big money, it was the sitting. He comments specifically on those who sell in and out of shares and sometimes get their timing perfect and yet he has found their profit was minimal. He suggested the real money is made from picking the right stock, and then just sitting. Doing absolutely nothing. I am not suggesting he is the right and only view, but I am quite prepared to defend the previous stance that there are better reasons to sell than just taking a profit. Otherwise I might always sell as soon as my shares moved up £20.

As for the Coats news, sounds good but the company still has much to do in winning new clients to keep up its progress.

[hyper al] 31/3/2006 15:39

From todays RNS

"...We are excited at the prospect of working with Coats under this new arrangement and hope this will lead the way for other outsourcing projects of this nature."

Very nice.

[hyper al] 31/3/2006 15:18

Coats unaudited accounts until end 2005



Brands mean everything to Coats, they even have a brands button on their website at

This is going to be an excellent income for Murgitroyd

[faraway] 31/3/2006 15:06

Hyper,

There was a notifiable interest regarding Liontrust on 27/3 about their 11.26% share of the company and this coupled with the chart showing the same buy point that had developed 4 times with Murgitroyd in the past prompted me to say "buy time" although I came in at the beginning of last week.
You may say that was good timing but you would be wrong - the RNS came out 6 MINUTES BEFORE I POSTED TODAY AND I HADN'T NOTICED UNTIL THE PRICE SPIKE!!!
However I have been wrong before and unbelievably been called insane because I reported having taken profits - it takes all kinds. I would guess that the next announcement will be very interesting and very upbeat, (there may not be an interim one - they may wait until a final in September)
You can catch up on the company at:

[hyper al] 31/3/2006 14:21

AFX UK Focus news release

[hyper al] 31/3/2006 14:13

Any other investors in this?

[hyper al] 31/3/2006 13:44

What other major clients do they have?

It appears to me that this is mega big, hence the RNS

I've purchased.

[hyper al] 31/3/2006 13:35

I think many other big companies could follow Coats.

[hyper al] 31/3/2006 13:33

FARAWAY

I agree this is going to rocket on that news.

Don't think many are watching, but that is one big agreement!

"Coats plc outsources administration of its Trade Marks to Murgitroyd"

[faraway] 31/3/2006 13:29

IT IS NOW TIME TO BUY.

[johnv] 27/1/2006 17:55

Fine, everyone has their own ideas

[roughjustice] 27/1/2006 09:02

1. I tend to avoid doing as it means getting out of good companies and paying lots of extra trading costs.

2. The rise doesn't seem significant enough, and additional being undiversified has its upsides.

[johnv] 25/1/2006 20:58

Surely the reason to top slice is 1. if you believe they are overbought and will fall back to consolidate..... and you know of a better share to buy which is about to take off. 2. this share is a large % of your portfolio that its having a huge effect on its value.

[roughjustice] 25/1/2006 17:19

Hostile board, surely the two are linked. I am attempting to discover why sell? It suggests an odd exit strategy for Murgitroyd.

[shuisky] 25/1/2006 17:12

Surely the point of this board is to discuss the prospects for MUR, rather than a general dscussion on investment strategy?

[roughjustice] 25/1/2006 14:36

Not sure how my discussion is unreasonable since it's at the heart of much investment dicussion. Do you sell winners? Is taking a profit acceptable?

What seems insane to me is no real reason for selling. The market is moving upwards, meaning even bad shares do well. This company is not bad and has been reporting ahead of expectations and so its fundamentals are improving and thus its price. The price action, or technical analysis also supports holding the company, it has a clear trend line and has shown no real weakness.

So instead of my discussion being unreasonable, it gets to the very heart of investing. Is your only reason for selling to make a profit, when maybe the real profit is made from sitting.

[faraway] 25/1/2006 13:21

R -

INSANE EH?!!
So far, the board on MUR has had reasonable if not sporadic discussion - it is a pity you have found fit not to grant it the same.

As to my having sold half my holding @ 2.37, is it not the case that you don't have a profit until you have actually "trousered" it? I have a profit so if that is not "to" wise then my strategy for and purpose in share dealing must be all wrong.

FARAWAY, (but not too far away that I can't see you from the top of the Forth Rail Bridge)!

[roughjustice] 25/1/2006 08:52

insane, why sell when you think it has long term prospects?

Surely getting in at 1.17 means you have the wonderful advantage of sitting and riding it out, afterall the shares have shown no weakness either in price action, or in news updates from the company.

Your selling at 2.37 isn't looking to wise now

[faraway] 24/1/2006 13:58

No question that it is a niche business with stated short term developement intent & obvious solid management but it is starting to look like a crazy oil minnow. The trend follows each statement so we can expect stabilisation soon.
I've held since 1.17 and tempted to take some profit, (took half at 2.37) but at the same time, I'm a greedy git and I do have faith in its long term prospects.

[chester] 24/1/2006 13:18

Doing nicely.....

[johnv] 17/1/2006 19:31

jumped into this am. 253p Bit late, was worried about the prevouis weeks drop. .

[chester] 17/1/2006 17:02

yes, bought a few today....

[lbo] 17/1/2006 10:39

Glad to see some followers on board