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Bought in at 1840 and looking to hold for the medium term. Just had a sudden panic when I saw the paper losses of my shares over the last few trading days.
@Doubleheadedcoin Good point and something ABF must consider. However, ABF have sufficient cash behind them and I think they are being savvy in the current climate. I think @WillHawk909 is right regarding landlords allowing retail shops to begin trading again.
@doubleheadedcoin, the landlord might do that, but then there is lesser chance that he will ever get money owed? Better let the trade start so its generating some revenue to end up going to the landlords of the premises, IMO
I can't see ABF getting much lower. With restrictions beginning to ease and non essential shops opening in the forthcoming weeks I think there is only one direction ABF will go.
Where do we think the bottom is here?
Thanks for that you are probably right I may sell for a small profit now
Primark not open, and when it is open it will be limited. Unlikely to move much until Primark gets rolling again.
Why isn't this moving?
JOHN HAN**** VARIABLE INSURANCE TRUST - Strategic Equity Allocation Trust Series NAV
Portfolio Value $ 9,971,267,000.
Lots of shares held
Buy the dip as soon as you can For sure it will go to 2,700 At the moment people spend money only for food. Also institutional funds hugely invest in the stock here is the list https://fintel.io/so/uk/abf
Ut's surely worth a shot
The company is not undervalued. Figures are historic and outlook was based on stockpiling. That is no longer the case. Supermarkets, shops etc can no longer get the footfall through because they are waiting outside in 2m gaps. Primark was the jewel. Sure food does well in recession but not as well and retailing is really gonna struggle. Even on line will struggle. This is a strong sell imo.
Trek
LONG TIME SINCE WE HAD THESE BUT THE TIME LOOKS RIGHT OR SHOULD WE SAY THE PRICE IS RIGHT!!
So hard to know what will happen.
If this all blows over in 3 months, the first thing many people will want to do is get out and go places. And if people are hurting financially, cheap clothes might be appealing.
Unfortunately I expect it to drag on for a while, in which case it might really hurt badly. We'll see.
Stock holding and fast fashion risks.
Primark sit on a huge volume of stock, both in store, in the warehouse and shipping orders from the far east.
This is OK when the churn of stock continues at the pace it has for Primark over the years.
The risk has always been 'what happens if they get a season wrong?'
To my mind that was a case of either making a bad buying choice, short summer skirts when the world wants long, neon when the world wants pastel.
I had never considered the risks of a global pandemic hitting so hard.
The impact is likely to be catastrophic for Primark Supply Chain. With stores closed they have no way to sell the stock - without opening up an online sales platform. They will still have committed order volumes for Summer/Autumn/Winter and suppliers will expect to be paid and to have the goods shipped out.
That leaves a cash outflow, it also creates a stock headache and a requirement for additional short/medium term warehouse capacity.
Worst case, they miss out on a full selling season, weather changes and they are sat on a significant volume of 'old' (obsolete) stock that they can either try to mark down/job off/ or hold for 3 seasons and hope fashion has not shifted too far in 10 - 12 months.
I know most of this is priced into the SP but further falls will not surprise me.
Good luck to all of the LTHs and staff.
It has just said on the BBC that shares have been suspended but I can not see anything anywhere else?
Hargreaves lawsdown showing this down 100%
You mean the order at 0.01 went through but not the purchase right?
Same price is being reported on multiple platforms. Cannot be right!
nice workable spread ; )
I had a limit order that went through at 0.01