Marchpole Holdings>>>New licence on the way

Poacher45
valid comments and not without merit , "but is Marchpole that good" ? To answer your question in a word YES
MPh has at the interim stage increased revenue by 180%, its margins are something to die for, Gross + 50.4%, Operation margin 16.8%, Profit after tax margin 11.8% and return on capital employed a staggering 74% (if you include goodwill).

New licence with Ungaro, 25 million euro agreement over 10 years with Korean partner, Castelbajac own label in its infancy, entry into USA in near future and possible new owned label (Feraud) in the pipe line.

Yes there are uncertainties , will the boatang compensation payments be cleared up quickly, will we buy Feraud and pay a good price for it, will YSL extend it licence beyond spring 2007 ? . Its called risk and thats part of investing, but I believe the positive progress made far exceeds the maybe parts of the business and in time, I believe I will be proved right. imho.....................regards wbj