on retail sales - 1.4pct against an expected 0.4pct - add to this a resilient performance from Next = massive gain atm for MKS - 11p up and rising - it could go higher fuelled by short sellers bailing out - lets hope so
Looks like just some internal stuff with creation of New regional structures. Was thinking that may have been further news on disposal of international and maybe a director change. From the RNS Dec 8 thought that Patrick may not have long left in business as he as only one whose share bonus weren't performance led. Anyone else heard whispers that Andy Adcock the food director may be off to pastures new as well??
News of mini reorganisation tomorrow. Will be how they intend to prepare for future growth. Nothing spectacular and don't expect any real movement in SP from it. As regards to end of year, this share is currently priced for profits at end of year in region of 350-400m, anything less and will see potential drop of SP to around 270-280 mark. Half one profit was c25m which means need to match last years H2 to deliver that kind of number, which believe on track to do judging from their Q3 results. But as they have written off a load of costs into this FY, they are positioned well for next year's profits, which IMO means we still have some temporary pain but looks good for long term hold.
although share down today on back of Kantar data/sentiment. This share has gone nowhere for 9mths. Its been in a 3.10/3.60 range all that time.
The share is already discounted for bad news and a consumer slowdown.
Therefore for me for us to break any ranges we need new results from mands, which if ok or not terrible will send shares towards a new 350/400 range until the next lot of results. It will take some serious poor results to send them to a new 250/300 range, when you consider there net assets and yield even if reduced.
Also its a fantastic brand and if shares get any cheaper then they will seriously be a takeover target. To be honest i think even at this price, i dont think its inconceivable for a predetor to take a look at them.
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