I forgot to mention that you reiterated your very positive view.You mentioned in particular the debt reduction the reduced pension deficit which isnow as high as mt Everest.You contradict yourself in every line.I suspect that you try to manipulate the sp with blogs.InJanuary and February you wanted to push it up.Now you talk it down.probably because you want to buy the shares on the cheap before the publication of the results.(cf blog february 4th)
may I remind you of your very positive comments on january26th.2016.how come this dramatic change of mind? As far as I know neither BHS nor Austin Reed are among their customers.However,it is true that they haven't announced any business wins for months which I find quite worrying,too.
My personal view is as follows especially now bhs has collapsed and Austin reed hints to follow.
There is absolutely no reason this share will ever do well in fact there is far higher risks that it will fail completely . Why?
It has a huge retail client base , a lot of which are in dire straights. It will always have price dilution.
It's in the old world running large warehouses dc's and is not geared up via warehousing for the Internet purchaser and is very very far behind on customer facing technology
It's only growth business with revenue and profit growth was sold.
It reduced its debt using the sale funds and the share price has gone backwards ever since.
The latest CEO is not Eric born. He is an accountant and runs the business like one hence no significant revenue growth and no new business announcements for many many months.
It will run out of cost savings and revenue would not have grown this profit will stagnate.
It's done everything it could property and cost wise but just doesn't have a leader who has a revenue growth strategy. It still hasn't consolidated its transport like Stobart and others and has been talking about it for years. They are behind and seriously behind
I just cannot see the spark anywhere. The leadership below is the same and has been for far too many years
Even if it moves to a dividend it will be a token and not enough to boost auto pension funds to buy in. It doesn't buy and sell enough shares to make this share price change. Perhaps it's worth somewhere in the 50-60p mark as what's fundamentally changed since then? They sold a growth business and left the stale ones and called it core. June all their share options come up meaning millions dumped onto the market for sale.
What I do know is if you keep doing more of the same you get the same result
It has a pension deficit the size of Mount Everest and the retail world is unlikely to be the same in the future
despite a reassuring trading statement the sp hardly moved .the broker recommendations had no positive effect either nor the buy backs.Strange,really strange.they haven't announced any business wins for months.Could this be the explanation why the sp remains in the doldrums?
the sp move is very disappointing.I feel there is a fundamental distrust they haven't announced any business wins.They face disgruntled subcontractors not to forget the concerns moxley who is allways well-informed voices recently.I hope I#m wrong.For a solid company of this size its market capitalisation is ridiculous.I had hoped that the turnaround would take hold now but their are some lingering doubts.I'dont like their heavy dependency on B&Q either.
I must admit I did not think it would move up so much today. Real positive progress for Win over last few years. Always like this company as used to pass their main depot on my way to my Cornish holidays many years ago. Happy to hang on and top up along the way with those nice broker targets. Did a nice trade on Nano today as well but sold those now.
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