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Decent update from AO so very unlikely dc will majorly disappoint on sales, margin will be the number to watch though imo (although making a profit does not seem to bother AO!)
Trading statement for those unaware...I am nervously confident...but this has majorly let me down on surprise announcements...hoping this is not turning into a game of snakes and ladders for the institutional shorters to benefit .
Yes something certainly seems to be going on, a leak of the upcoming trading statement maybe? the company has a history of it, either way they look a lot stronger now than a few days ago.
I have now precisely only lost half of my 24k investment...so every cloud....silver lining....
oh marvellous
seems i caught the morning high. its pulled back below 122p resistance now.
Had more legs think it will dip back now
took 122.46p
10:56:27 122.4600 5,000 O 122.4000 122.5500 Sell
trend today looks very bullish but could easily pull back.
i think a bounce here today. 123.5p i'll take.
maybe i'll take 122p today. mmmmmmm
Watch out could go back to 118
i'm out at 142p if the gamble pays off. bullish trend this morning. there is a gap on the chart up to 154p. but i'll take 142 if we see today.
To me buying ahead of the results is a big gamble even though it can't be denied there is a chance of a rally.In my experience even half decent results when a share is in such a downward trend often does not cause the bounce you would expect.Other retail results so far indicate Christmas has been far from the disaster predicted by many so the city will not be expecting a car crash and as I said before any major negatives could see us heading towards a quid.
My guess would be a continued move down as I think margin will be hit and I see little evidence Alex has sorted the issues so far.
IMO
@ 116.35p bought back what i sold a couple of weeks ago (121.2p). during that time most retailers have had good gains but not this dog. just 5000 shares i am holding. i may double up in the morning if it drops 2p.
SP is on such a slippery slope that it wants to end at somewhere between 10 and 50 pence. I hope it doesnt fall any lower but seeing it struggle while most if not all retailers are enjoying a good recovery is not cutting it for me. Well, good days for those who are shorting this!!
It will be funny if price crashes below a pound owing to short trading and DC keeps similar dividends.
Yes AO report on Friday will be interesting.
According to LSE DC do not updte till 2 weeks today which seems late based on previous years.
I predict OK results but margins under pressure and mobile still struggling.
Could be a relief rally if not too bad but any nasty shocks and a quid could be on the cards very quickly. IMO
My prediction
I think more chance of a profit warning than a surge. Be interesting to see what AO report this week.
So far figures from Next and JL seem to indicate a late surge in shopping saving the day hopefully these will be the same.
Does not surprise me marketing a £1k phone with the number one feature being how to unlock it was never something Jobs would have done imo.
https://www.9and10news.com/i/apple-sees-further-weakness-in-iphone-sales/
didn't know about it going ex-dividend yesterday. i paid 116p yesterday and sold today for 121.2p.
US markets didn't continue the rally today so i'm not expecting a strong open on Monday. half day trading.
when is the xmas update? i'll have some funds ready just in case we see sub £1??
56912090 Where do you see that growth coming from?
now at 17.5p old money, crikey this is an bsolute bargain imho for mid - long term growth
Darkknightmy you make some good points many of which I agree with although am not convinced things are that bad yet.
Alex Baldock has made some classic rookie mistakes already typical of people who do not understand cpw's business imo, he got rid of nearly all the experience on the board, people who could have advised him about some of his decisions.
Firstly he thought he could go demanding better deals from the mobile providers but times have changed and they are nowhere near as reliant on cpw for the reasons you describe and it sounds like they basically told him where to go.Also in his transformation plan he talks about one of the biggest area for growth is finance, this has been tried numerous times before in recent years with little success people prefer to put things on their credit cards these days and there are plenty offering interest free credit.It sounds to me like he has looked at the figures seen whats profitable and decided to focus on those areas which sounds good but only if thats where the opportunities are. Its not all bad though I think outside mobile the company has done a good job of transforming their stores and their integration with their own internet sites is excellent.
Don't forget Best buy once bought into cpw and that went pear shaped thwy lost a fortune on that deal. Same with Dixon's they don't understand the business. Gl to you all ??