The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
https://news.sky.com/story/coronavirus-just-one-in-six-back-in-the-office-in-cities-as-boris-johnsons-return-to-work-plea-ignored-12053139
Probably doesn't help any rejuvenation of TED's smart-casual offering.
However, the eat out to help will have seen Malls more populated than they otherwise would be - perhaps that will encourage people to pick up a bargain or two. And of course TED's business is global - not just dependent on the UK - something which I think is sometimes overlooked here.
To double my holdings
GL holders
Knowbodyyouknow
fair points agreed..i think i merely had read the M&S update and it made me cautious..and subconciously affected my decision to sell....
The spike was unexpected ...no idea why ...but across the market there are a lot of market chasers and those sitting looking to jump on any share price " buzz"....... sometimes these spikes are there just for some to sell out on..and market chasers get the wrong end of the stick.....
I still think it isnt easy going for retail like TED.. needs the autumn now and a period of general covid/economic news stability
..see what happens ...I dont know..I merely look after my own portfolio...
Pokerchips:
Well done on your timing. No doubt the right decision, in hindsight - wish I'd done the same.
However, I don't think the price swing had anything to do with what M&S said.
If that were the case, then why the 10% spike early on? An anomaly before people put on their reading glasses?
It also doesn't explain the volume yesterday morning or on previous days.
I find that more curious.
In terms of the M&S update and TED's position, they are in many senses apples and pears, but I take your point about the high street. TED needs to move as much of its operation to online only, ASAP, IMO. It also needs to move to some lower cost items. I'm not convinced the market is there anymore for 'mid-range - premium' (whatever that is when it's at home). BOO and ASC have the right idea and it's paying off for them - TED needs to adapt or perish. I believe it can, but it's far from certain in the COVID19 world.
" How does this swing from 113 yesterday to 93p today? "
simple...selling on a spike...
M&S said in their results yesterday that sales of smarter clothing were materially down..and although M&S clothing isnt exactly TED it does give view across the sector....and their high street/ town centre store sales were a disaster even after the lockdown..down about 47% still...so footfall in the High Street is still poor...and online isnt replacing all of that store sales short fall
I sold at 108p ..wasnt prepared to take further risk on my profit...looks like others did the same....
That profit may prove very helpful in case other shares dont perform..that is how I am seeing it, at the moment
Fraction of the volume compared to yesterday by this time.
If the selling continues, there's some support in the mid-80s I believe.
How does this swing from 113 yesterday to 93p today?
At the moment no company in their right mind is going to pay for another as a going concern, not when it’s a weekly battle to stay alive and brand names can be picked up for peanuts when they go belly up.. Ted’s going to have to survive (or fail as a worst case) on its own merits so management still has some work to do.
"I think Ted will be taken over sooner than later"
Would love that to be so, but I think that ship sailed after the fund raise. It's the name - Ted Baker - that holds a lot of the value, I think and that would be easy pickings in a distressed sale - or even administration. That's what BOO tends to do, I believe (e.g. Karen Millan, OASIS, and Warehouse). Now, that there's some funding in place and ostensibly a plan, it's unlikely to attract that kind of buyer. I did wonder whether TOSCA was attempting to make a move on TED, in some fashion - as I believe they're not far off the number of shares that would trigger a compulsory bid (someone correct me if I'm off-beam here), but now I'm not so sure.
I guess, we have to hope that the plan is progressing and sales are improving (my local Mall seems to be well populated with shoppers - although, I noticed the TED section of John Lewis was devoid of people). The data on consumer confidence and retail sales YOY and MOM - due on Friday, should paint something of a picture. Lets hope it is more rosy than expected.
*I dont worry about intraday moves*
Sadly, I'm not as emotionally robust as you must be. I find it extremely irritating to purchase some shares and then come back a hour or so later to find they've dropped 10% !
Here's to a better day tomorrow!
GLA
I think Ted will be taken over sooner than later....too good a brand for cheap. Boohoo might make a move as soon as market improve IMO...who knows though...I dont worry about intraday moves, holding for back to 200p in a year or so.
GLA
Well, if 97p doesn't hold, we're heading back to the mid-80s.
Odd how it can fall so fast after such volume of buying.
However, it is what it is.
that's what they would like you to think...patience my friend
Well, that's the end of that rally, by the looks of things.
"would make a great brand addition to BooHoo, alongside boohoo man of course :-)"
I think that ship has sailed, my friend.
would make a great brand addition to BooHoo, alongside boohoo man of course :-)
It's possible, but needs to break what seems to be resistance at 112p, I think.
Should break £1.20 tomorrow
Seems to be a lot of buying pressure ...over 2m shares traded so far.
Snap!
I agree.
But 1.5m shares traded and it's only 9.20am. That's huge volume for TED.
I wonder whether people are better on good retail sales figures on Friday, which would surely see a rise for TED.
DTY did a similar thing two weeks ago. There was no apparent reason for a significant sudden rise of approximately 10%. Then they revealed good news and the SP shot up (by over 60% in one day). I’m not saying that’s going to happen with TED but I am saying that it might be because some people know something we don’t and are buying in.
The other side is that a 10% rise one day can be followed by a 10% fall the next. And I do wonder if market makers drop the price to encourage people to sell, then jack the price up to sell their newly acquired cheap shares for more - and people buy in because they think it’ll carry on rising but it falls back. There’s no such thing as easy money in shares.
Low share price can see plenty of value with the recent sale of hq plenty of upside here
There has been a huge dilution since then so shares in issue much greater
Investor112 what made you jump on this yesterday?