The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I remember when mike Ashley bought house of fraser back in 2018....after the purchase the sports direct share price trundled down 50 percent from the 400s to the 200s... The share price is now in the 800s....
At the time the shareholders and most of the fools on the bulletin boards were saying he was mad for buying house of fraser...
I suspect a lot of people sold out never to buy back and missed out on HUGE pay day's all while Mike made billions of pounds...
Maybe the guy's running these companies have more foresight than the absolute fools that frequent these boards trying to knock the company's every move?!!?
All of the above sound's very similar to boohoo buy debenhams huh?!?
Remember - clowns on chat boards and billionaires on the company boards....
My observations over the last decade of viewing commentary on bulletin boards and financial press is the power of narratives, the stories that we tell to explain the circumstances that a listed company finds itself. In 2020 the narrative was that online fashion was finally taking over from bricks and mortar … why? I suspect it was more to do with rising relative SP’s than the underlying explanation. Now that the numbers have been hit by post covid shocks and military conflict the narrative has reversed … online heading for the exit, never to recover. Narratives tend to predict permanent doom or permanent euphoria, but they are seldom correct. I bought shares in Next after a headline grabbing analyst suggested that they had met their “Kodak” moment, after a well known Harvard Business Review article explaining the demise of Kodak, who failed to capitalise on their digital camera technology for fear of jeopardising their film business. The gist of the analyst was that stores will bring them down … which I thought was crazy given the size of their online business. At the time Next had screwed up on their basic merchandising, leading to considerable sales loss. A problem that is easily fixed. But lower sales scared the horses enough to push the SP down to the 30’s. In short order they were back above 80.
My conclusion is beware of narratives, because whilst they might look attractive on the surface, they could very well be defining a temporary issue as a permanent one.
Fira ... I believe that Debenhams was bought to launch perfume, cosmetics and skincare ... and not so much for general merchandise. It will be interesting to see how it develops. Fraser's purchase of Misguided my end up being ... misguided ... they are a bit hit and miss when it comes to acquisitions and not particularly customer friendly. For BooHoo still a hard slog ahead.
What’s looking better?
Still plenty of issues out there … inflation, supply chain woes, lack of US DC, and the impact on the consumer … so if you’re short Boo there’s no reason to close positions in a hurry.
The question really is how permanent and imbedded the above issues are? Supply chain freight charges are falling, many commodity prices are doing likewise. So some green shoots. US inflation may well have peeked, we will see over the course of the next few months. The War in Ukraine keeps rolling along, but I’m not convinced that Russia can sustain this campaign and may well be looking for a face saving exit. If the war looks like it is nearing the end and inflation starts to drop the market will react violently positively. If I were short that’s what I’d be worried about … when it moves, especially for AIM stocks, it moves quickly. As time passes we also get nearer to the opening of the US DC, another positive development. Unless you are prepping for the Apocalypse, my guess is that conditions will get more positive sometime in 2023.
thats a long way from your "predicted" £4.50 Unclue.
Not trying a more discrete bit of ramping this time for a change are you?
72p will be the new low soon. Definitely things looking a lot better for BOO the last couple of months.
Balance T4G !! .......sadly you don't own the board but wish you did.......been plenty of calls on here in the past that folk have done that are far more clued up than you sunshine ....
The 3 stellaheads
Delayed trade popped up...
i've had some heart attacks with thier notifications on many occasions
it's investing.com this happens with them. i think it is an anomaly
Ah you beat me to it
Hit....