unreliable I am trying to buy a pushchair set online but the website is so cumbersome that the final price for the package does not reflect what they advertise for the bundle. I was also told on the phone to visit a shop as they guarantee items out of stock on the customer website would have been available on their internal website. Their systems in store are so obsolete that they cannot clearly see how many items are still available in other branches.I had to give up and cancel the purchase. Guess how many purchases are cancelled because of this poor unreliable service.
Re: Q4 Trading Statement Ditto. Ironic how UK business dragging MTC for so long, the finally turn it round with growing LFL, smaller footprint, higher margins, etc and then International has a mare. Gutted, this was looking a decent turn around story. Hoping things don't get worse with CEO being poached by Debs.
Re: Q4 Trading Statement Hmm, not impressed.
Q4 Trading Statement Is due out tomorrow. looking forward to MTC remaining on track. Should see a rise in sp over the coming weeks. Averaged down recently at 179. GLA
Peel Hunt upgrade Quiet board. Started accumulating shares 9 months ago on turn-around recovery. Premature in hindsight but good to see UK LFLs increasing when they last reported. Management was cleared out few years ago and they now have some proper old school retailers at the helm. Fingers crossed the turn-around continues. They still have no direct high street competitor having seen off Kidicare.Best, TTTPeel Hunt upgraded its rating on Mothercare to 'buy' from 'hold' and set a target price of 275p that offers more than 45% upside to the shares' last close.The broker acknowledged the irony of Mothercares UK business crawling back on track to return to profitability next year, coinciding with international progress tottering, mainly due to currency headwinds.Mothercare's UK stores are now producing positive like-for-like sales for the first time since 2008 and the online, customer-centric approach puts the business well ahead of quoted peers in mindset and execution, Peel Hunt said.As a result it has upgraded its UK assumptions for the UK to be back in profit next year, with the store refurbishment programme in full swing, delivering double-digit sales uplifts for "little disruption" and converting roughly 30% of the estate each year over the next three years.The improved insight on customers, in an attempt to reach the highly granular level of pure-play e-retailers, has impressed the broker."Store-based retailers generally lack the customer-centric mindset, let alone the systems and capabilities to run the business that way," analyst John Stevenson observed. "Mothercare is now well into this journey, driving high average transaction values in-store and online, with greater response to customer communications (sales +81% from email campaigns), all driven by a central customer database and increasing levels of personalisation."Looking overseas, where only 2% of sales are transacted online, changes to systems are underway that Stevenson believes will generate a "significant" uplift in revenues and improve customer recruitment.However, the softer international outlook and especially adverse currency movements outweighs the improved UK outlook, leading to cuts to forecasts for profit before tax by circa £3m to £19.2m for 2016, and £2m to £30.4m for 2017.Nevertheless, trading on 14 times forecast earnings of 13.4p, "the shares offer value", the broker said, particularly given the UK transformation and opportunity for online improvement in the international business.
Back in. 223p
NEW ARTICLE: Insider: Buyers return after summer break "Insider is back after a self-imposed hiatus during what turned out to be a super summer until the heavens opened and global stockmarkets crashed late August.Company directors, who had been predictably idle during holiday season, are showing signs ..."[link]
NEW ARTICLE: Mothercare suffers growing pains "LSE:MTC:Mothercare's three-year turnaround plan got off to a great start, but it's begun to suffer a few teething problems. Weak demand in the Middle East and less retail space on home soil has put pressure on sales at the baby clothes and ..."[link]
NEW ARTICLE: Mothercare maintains momentum "It's been a massive year for LSE:MTC:Mothercare. With a new CEO in place, the baby clothes chain turned down a 275p per share bid approach from America's NASDAQESTestination Maternity, then raised £100 million from a deeply-discounted rights ..."[link]
Great Results Plenty more to come here. Well done Mothercare.
On Target "Our vision remains clear - to be the leading global retailer for parents and young children and we look forward to updating you further on our progress and plans for the year ahead when we announce our full year results on Thursday 21 May 2015."No surprises in the trading statement, in fact figures look quite encouraging. The full year results will show a massive reduction in overheads. A buy for the patient investor.TD
Q4 trading statement due on 16th Nice rise ahead of the Q4 trading statement on the 16th.TD
Re: MTC Bullish Broker Views...... Mothercare PLCFORECASTS2015 2016Date Rec Pre-tax (£ EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p)Numis Securities Ltd 07-04-15 ADD 12.50 6.60 20.00 9.40
Re: Mothercare, Chart Break up. MTC Mothercare. featured quite a bit on Twitter (mick K )nice breakup, can it now take on that gap. Oct 220p to 228p. SP riding on 200 day EMA.<img src="[link]
MTC Bullish Broker Views...... MTC Mothercare PLC Broker Views.Date Broker Rec. Price Old target price New target price Notes16 Jan 15 JP Morgan Cazenove Overweight 0.00 239.00 239.00 Reiterates15 Jan 15 Numis Add 0.00 200.00 200.00 Reiterates