Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yes, if this pandemic could have started in mid 2021 instead of now the Ocado MKS JV could have really smashed their sales figures and ramped up significantly more than now. Unfortunately demand should slow from mid next year as vaccines start to be distributed. Will still be good demand though.
The future is very bright for the JV. There will be greatly increased sales going forward.
There is a price war between Waitrose and MKS currently which may crimp food profit a little for MKS
Andover - if only...
Yes, there could be positive surprise in the MKS/ Ocado JV numbers. I hope that happens. It is known though that the JV is near full capacity currently and there is limited further capacity available this year. Looks to be a limited uplift in numbers possible versus current JV expectations, let's see though.
yes simply food stores are likely to be down in city centres, at the same time food stores in more suburban locations will be up. By the way that article highlights the big unknown regarding online/Ocado sales. The other figures have been known since August.
You've misquoted me. I said "huge footfall downturn at simply food stores due to lack of commuters"
See article below:
https://www.thisismoney.co.uk/money/markets/article-8900363/Ocado-tie-delivers-Marks-Spencer-clothing-slumps.html
Quote within the article "Meanwhile, M&S's Simply Food arm has been hit by a dearth of commuters."
Especially over the next month....
"downturn at mks food stores"
- that is factually incorrect. You just made that up.
This is a direct quote from August update:
M&S Food sales have built steadily from the shifts in demand and closure of travel locations at the outset of the crisis. In the last 13 weeks total Food sales have increased 2.5%. In that same period like for like sales excluding the impact of the closure of hospitality and travel franchise units were up 10.6%, with an improving trend as more locations recover and performance has regained momentum as customers have bought back into our quality, fresh food offer and investment in range and trusted value.
MKS shares went down in Feb 2019 when the deal was signed but since then the market has understood the deal and looked upon it favourably. The deals value is currently well priced into MKS shares.
The huge footfall downturn at MKS simply food stores due to lack of commuters. Downturn of MKS shoppers on high street and city centres. Non essential sales losses from national lockdown 1 and 2, who knows there could be more. Homewares and clothing lagging market competitors.
Above are some of the issues that drag MKS's SP to where it is now. There are permanent shifts in work from home and shifts away from city centre living that will dent MKS profitability going forward. Results day gives the platform for accelerated change.
Ocado has never been priced into mks. Never.
When the deal was announced, sp was down, that's the way it's always been. Just by saying "it's priced in" doesn't make it priced in. So far the deal has been ignored by the market.
The Ocado retail deal with MKS was known in March and Ocado retail was working at full capacity in March. The value of the JV has increased since then agreed but a lot of the value was priced into MKS shares in March. This is a point the majority of this board failed to understand. Believing that once the Ocado MKS venture went live that the shares would jump. They didn't as it was already to a large extent priced in. Success has been the market expectation for the JV for a long time
The great extension of the pandemic is a big drag on the non food side of MKS and a lot of MKS stores are underperforming. The results are an opportunity for the management to bring about change and streamline the business.
Just checked on Ocado - no delivery slots available till mid November - I have a mid-week pass - luckily I have 3 slots booked in the run up to Christmas.
Ocado deal was not priced into mks in March, MKS suffered in March because of their lack of online food sales, thats what was priced into mks share price in March! This time round its different and Marks are in a far better position than they were in March, online and in store
Ocado deal was known and to a fair extent priced into MKS shares in March. Yes the JV has improved, it's successfully launched and running at full capacity. The pandemic though has got a fair bit worse than what would have been predicted by anyone in March. We're in a severe second wave currently with a long way to go before any kind of end is in sight.
I'd expect a few % lower in Monday. After the results there may be value apparent. Currently doesn't look attractive. Results will be very revealing. As chilting says it's an ideal opportunity for management to streamline the business.
Ftse dropped to 5000 mark on news of first lockdown, coincidently we're pretty much back there again after this weeks falls, markets were savvy to this coming and looks to be pretty much priced in.
Compare that to DOW which dropped to 18000s on lockdown and now 26000s, DAX dropped to 8000s now 11000s, UK markets lagging well behind and looking overdone to me
Mks hasn't closed below 85 through the whole pandemic. I'd expect markets will get a big shake in the morning then shares like MKS that will still be operating during lockdown will see investors pilling in and finish strong. Benefit of increased food sales and Ocado deal which wasn't in place first time around plus the increase in marks online business sees marks in a much stronger position this time around
Best of luck everyone no matter your position, I’d only wish for people to make money!
No point in worrying now though, get you’re smile on and have fun with your loved ones!
Shaky Monday and large opportunities will emerge including M&S, however the market is now used to these extremes and can make money both ways.
Hedging loves these markets, but if your already in the market it’s better to sit on your hands I guess. Those with cash it’s a great opportunity if they get out fast and not be greedy.
The market will fall badly on Monday.
But the alternatives are even worse! I would NOT trust Starmer to steer a wheelbarrow let alone a country.
There was rumour on Friday afternoon but no confirmation and the surprise is that its a month long. Trojanhorse was expecting a 2 week lockdown in his comments on Friday like most of the market.
In my 80 years I don’t think Iv witnessed such poor political leadership and I say that as a conservative!
But the alternatives are even worse! I would trust Starmer to steer a wheelbarrow let alone a country.
Thatcher would have secured the most vulnerable from the start to avoid fatalities, and managed the remainder with education and law. Daily communication eyes firmly on the camera and the firmest crystal clear instruction.
It’s a shambles.
Neil. You are correct that market knew the lockdown last week hence the falls. However, the pervyy market does like double-selliing assets for their own profits. Thus I see risk of further falls here, although the falls can be purely a scare, shaking weak holders on Monday morning. I am not going to call it up or down, although it appears it's gonna dip a bit.
Market wasn't aware of upcoming national lockdown on Friday afternoon. It being a month long and starting so soon is a surprise. Hence the big futures sell off occuring currently.
Already resigned to the fact that the SP will test the May lows but the real interest here is plans for the future.
One lesson for anyone in business is to turn a negative into a positive - the M&S Directors have the ideal opportunity to drastically cut the unprofitable parts of this business this week, once and for all!!!
Market knew Downing st plans and most others Friday afternoon!! Once the CV19 Eng numbers released it was inevitable, so i have to use the old proverbial it’s priced in.
The key for the market is brexit deal bounce and highest furlough payout to help drive economy. Lockdown and limited furlough income together with no deal would be treble death and flesh left to dry in public.
Ok I trade ISA and SB on IG but haven't used their weekend hours offering. Thanks