I still like the look of this and will continue to top up every month. People are weary of a BHS again as it proves that even big company's can fail quick, that being said, MKS will and should have taken some % of BHS customers. It has a great return of div and has done nicely for me over a great number of yearS. I for one am on this for the long haul.
I am quite surprised on the SP drop considering Tesco showed a near 14% rise on the back old their small LFL rise. I sold about half of my holding while still in profit as a hedge against this dropping further but will add if it reaches the right buy in price. Markets are so unpredictable but I guess that's part of the "fun" - for me this long term will match Morrisons turnaround - Steve Rowe knows what he's doing -
retail not the flavour of the month atm - I think the market has overreacted as they did with the house builders when Brexit was announced and their shares plummeted only to recover and make huge gains - at the end of the day though no matter what happens with Brexit, people still have to eat and put clothes on their backs - this is a long term play for me, always has been unless we get to the point where I am making a substantial capital gain (c30pct+) at which point I will sell - but for now I will bank the dividend at around 5pct yield back into MKS and keep topping up on the dips.
Crazy that mns is now down on the day as i type 338.00. If the share price was 700p i could maybe understand, but down here and giving much better than expected nos. is just crazy.
Clearly mkt is long the shares with no new buyers. But one thing is secure from the xmas numbers, the july dividend of 13p odd will be secure and can continue to hold these at under 380 receiving a lovely yield.
stupid price action today and makes no sense. Its clearly positioning.
Thank you for the bet, but I'm spirit of goodwill I will also match your £10 donation to Macmillan.
As for results, good but as previously stated there are still a few headwinds and probably reflected in today's SP movement. Definite profit taking this morning as well which is keeping it below 360. Will be a slow grower in coming weeks but will get to next resistance of 390-400 by end of FY.
To me this is a classic spike up on news (Gap up) .. hitting previous resistance at 359p .... down.... gap filled ... and now slowly making its way back up ... thats how institutional traders make their money. Borgy
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