the IPO and earlier low seemed very similar to the non current asset value. with the interims this non current asset value is now 446.8p per share. so that could be the "true" price. which maybe can be used for long term calculations. its the value of the physical structure of the company. the net equity value has increased from 240.1 to 274.2p per share, if the price ever goes below this its free money. the financials seem to show that the value of the company has gone up. I'm not buying any shares at the moment, because the ambient market and ambient economy seem hazardous. there do seem to be various opportunities, but I would rather wait till there are much more opportunities. it is quite exhausting and stressful owning shares, I would rather bide my time. I need to get other stuff done, and I would rather do this without having to stress about the stock meerkat.
With the online parcel sector growing at 20% p/a, it's no surprise people are losing patience with Ms Greene whose target of 1% parcel growth for the next year is woefully unambitious. She has until May to save her job.
...is summoned to Select Committee Wednesday along with Whislt counterpart. It will be interesting to see how she performs regarding the sharing of the general postal service burden and the alleged cherry picking by other operators.
RE: equal buys n sells
"And downward trend. " And not unexpected. I posted last Wed evening that my charts had confirmed that RMG appeared to have commenced a decidedly bearish trend. It's still trending in that direction. Won't last indefinitely. The only question is, how long for (my guess only a couple of weeks) and how low the SP might touch before it turns more positively.
equal buys n sells
And downward trend. Being played with again.
RE: RE: the past
@Richard Much of what you've written about consumer preference and consumer behaviour is covered in basic economics courses: search goods, credence goods, substitute goods, taste goods and the like. However, that people are faithful to the same brand is surely an overgeneralisation. The large and formerly all powerful big supermarket chains susch as TSCO and MRW are being squeezed by the so-called discounters (Lidl, Aldi, Poundland et al). Likewise, basket case brands can become respectable and sought after again. Remember the Skoda jokes of the late 1980s and early 1990s? How do you double the value of a Skoda? Fill it with petrol. Why do Skodas have heated rear windows? To keep your hands warm when you're pushing them? And so on. Now Skoda is a respected brand you can be proud to park in your driveway. As for the past being the only guide to future performance, well, market advantage and market leadership are very fragile. It's what's in the pipeline for the future which is useful for making judgements, and how well it can be protected. In my view, RMG has a lot in its favour.
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