Mock Retail Inc. (MKR)

ClosedFirst published 20 January 2026Fictional exchangeQuoted in USD2 updates

Illustrative thesis. A turnaround case: a retailer closing weak stores, betting that like-for-like sales would stabilise within two quarters.

Fictional company, used to show a closed position and how an exit is recorded.

Why am I interested now?

The store-closure programme was due to finish within six months, and the shares were priced for failure.

Small (15%) because turnarounds often fail.

20 January 2026Original thesis
Published. The text above is the original and is not edited.
2 April 2026Weakened
Like-for-like sales still falling after the first quarter of closures.
Halfway to the stated deadline, and the key metric is moving the wrong way. (Illustrative update.)
8 June 2026Exitedt0010
Sold: the thesis failed the test it set for itself.
Two quarters on, sales are still declining. That was the stated “prove me wrong” condition, so the position was closed at a loss. The original thesis stays above, unchanged. (Illustrative update.)

Transactions, newest first
Date	Action	Holding	Shares	Price	FX	GBP	Fees	Reason
SELL · 8 Jun 2026 · t0010	SELL	MKRMock Retail Inc.	4.4118	$33.10	0.7900	£115.36	£0.17	Exit: the turnaround thesis failed its own test (see the thesis update).
CORRECTION · 21 Jan 2026 · t0005	CORRECTION	—	—	—	—	—	—	Entered twice. Only one purchase was made (t0003). Voids t0004.
BUY · 20 Jan 2026 · t0004	BUY	MKRMock Retail Inc.	4.4118	$42.50	0.8000	£150.00	£0.23	Opening position: turnaround case on a cheap multiple. Voided by t0005.
BUY · 20 Jan 2026 · t0003	BUY	MKRMock Retail Inc.	4.4118	$42.50	0.8000	£150.00	£0.23	Opening position: turnaround case on a cheap multiple.