Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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(Sharecast News) - "Deutsche Bank initiated coverage on the European clothing sector on Wednesday, with a preference for "growth companies which have adapted to changing consumer habits".
The bank started Asos, Boohoo, Marks & Spencer and Next with a 'buy' rating and target prices of 5,400p, 400p, 195p and 9,200p, respectively.
DB started H&M and Zara owner Inditex at 'sell', with target prices of SEK150 and €22. Primark owner Associated British Foods was initiated at 'hold' with a 2,200p price target."
DB rates Boo buy and Primark a hold. Online and marketplace for Boo seen as better bet to Primark high st and one brand proposition.
What's your thought kallu.still not shared your thoughts on why you sold PFD at 110, now higher and unfortunately this is lower.
UK corporation tax rate to 25% from April 2023
Rumbelows eh, now that is going back!.
Remember when RMG was in the doldrums because “snail mail” was dead?
Yes, the company benefited from the rise in online shopping but there’s always innovation and opportunity around the corner for those willing to think differently.
Glad I sold out ABF earlier this month and went big into BOO @260. Already up 9% on my BOO but I expect the inevitable return to 300 soon. ABF have fallen again.
Actually list is worse - bet you all know these to …
BHS, Woolworths, C&A, Topshop, Topman, Dorothy Perkins, Wallis, Burton, Miss Selfridge, Evans, Edinburgh Woollen Mill, Jaeger, Peac0cks, Debenhams, Laura Ashley, Victoria's Secret, GAP, Karen Millen, Coast, Oasis, Warehouse, Mothercare, DW Sports, Oliver Sweeney, Bensons for Beds, Harveys, TM Lewin, Monsoon, Cath Kidston, Hawkin's Bazaar, Thomas Cook, Rumbelows, Dixons, MFI, Zavvi, Principles, Focus, Jane Norman, Comet, JJB Sports, Tie Rack, Barretts, Blockbuster, Athena, Phones4U, Austin Reed, Banana Republic, Maplin, Staples, TousRUs, Clintons, Beals, Pier 1, Kodak, Gymboree, Bebe, M&Co, Go Outdoors … etc
BHS, Woolworths, Topshop, Topman, Dorothy Perkins, Wallis, Burton, Miss Selfridge and Evans, Edinburgh Woollen Mill, Jaeger, Pea****s, Debenhams, Laura Ashley, Victoria's Secret, GAP, Karen Millen, Coast, Oasis, Warehouse, Mothercare …. Etc
All established loved brands GONE off the high street
I've made a similar point previously - Philip Green was king on the UK High St
a decade ago.
TopShop was once the go to store for fast fashion, not so long ago either.
Online how crazy!
Barns & Noble selling books & Amazon will never do well at that!
Ok Amazon is ok at books but won’t grow anymore right?
How many online purchases have YOU made in the last month? And Primark wasn’t one of them right?
So who’s getting your money?
We live in an App, Internet & Online world now
Reminds me of Kodac thinking digital won’t hurt them! Who last shot a quick photo on 35mm?
Reminds me of Blockbuster saying Netflix streaming will never take off! Who rented a VHS this week?
Reminds me of Diesel car manufacturers saying Electric won’t take off! Who’s looking at a 15mph new diesel at the moment?
Reminds me of how Nokia said Apple & Samsung will never take their market! Who bought a Nokia recently?
I could go on
You know where the future is
The high street is now restaurants, coffee shops, hair salons, nail bars, charity shops & specialists etc
TJX Cos on Wednesday beat market estimates for quarterly net sales, as the easing of Covid-19 curbs prompted Americans to return to brick-and-mortar stores ahead of the reopening of schools.
Net sales rose to $12.08 billion from $6.67 billion a year earlier.
market does not appear to like something ATM?.
Looks a lack of online in Primark to me but just my view only obvs.
volume to price action better last few days and with delta appearing to have peaked, you might see a rebound in the shares from here. ft100 about to hit new highs, you can expect some narrowing of the recent discount imo.
It's majority owned by the founding Weston family through a Trust.
This effectively rules out corporate action or a bid.
Secondly, it's the Primark valuation that largely now drives the ABF share price
and that division because of COVID has LED to recent SP underperformance.
Uncles already in there and been blabbing on about £4.50 for ages, while its dropped lower and lower. He's just dreamping here and ramping the slave trader to recover his money. All in his history, be careful when listening to him. DYOR
@Kallu "And then we can debate the precise figures etc."
1. I'm beginning intensive ministry training in two weeks and I'm dropping out of share discussions at that point if not sooner, so I'll pass on the discussion.
2. I will say that since no one knows the future, "precise figures" as to share valuations, especially as share prices are largely forward-looking, are a fiction. No one knows what revenues will be like. No one knows if there will be another pandemic or not, or whether there will be a huge pushback (already manifesting a lot of places) against lockdowns and mask mandates. No one knows what the effect of the massive deficit spending is going to be. And so on....
Still not answered why 110 especially as you do not look at share price. Funny you avoid a simple question but continue to ask others why sell at price they have set!?
Barriers to entry online and setting up new high st shop is easy, it's building the brand getting the revenues that is hard and Boo has been rocking it every year pre and post covid, less footfall on high st and yes rent may be cheaper now (for a reason) but not sustainable unfortunately.
"Kallu why sell at 110 why not 150,it was over 1000 back in 2007."
@AATM this is investment, share price is useless to look at as I told"
If share price is useless then how do you know when to sell!? Why sell at 110, or did you not know the share price at the time of hitting sell button!! Very strange., Probably why you're holding ABF and not knowing it's downward trend every year for past 5 years. Looking at share price constantly or over short period might not makes sense but most would review after 5 years....
In trade only 5% of holdings remaining 95% is in company pension (avoids 40%tax as taken from my gross pay), can choose company pension funds and heavily invested in North American equities which has had staggering returns over past 20 years of investing (takes the strain out of large investments).
Yes Boo designer may have set up new website just like new retail shops can set up on the high st, your point is?
ABF even!
I bought into AFB this week for a number of reasons.
One of the reasons being is that I believe the shift to online is being overdone as far as retail is concerned.
Yes, buy your weekly shopping on line at Tesco because the weekly shop can be a chore…
However, there is room for a high street presence because as humans many of us enjoy going out with friends and family to buy clothes/fashion items.
Sometimes we make a day of it. And if the number of opportunities keeps decreasing then Primark stands to gain whilst other brands carry on with their online dog fight.
Kallu why sell at 110 why not 150,it was over 1000 back in 2007.
House of Fraser Group were down as there was a mandatory shutdown of stores, nothing in it other than that.
Investing in boohoo is high risk with the likes of shein taking rapid market share, they will leave nothing but a few crumbs for the likes of asos and boohoo, then more players will come online as there is very little barriers to entry.
Uncle Doug, Boohoo will always be plagued by the Leicester factories debacle, it will keep blowing up in its face, might seem cheap but leave well alone.
I have to agree that the trend is moving away from the High Street. And that’s one of the reasons why ABF is trading just above its lows of last year when the fear of C-19 was at its greatest.
It’s up to management to navigate Primark’s route successfully.
Online? Flagship stores…who knows, but they’re the ones paid the big monies to find solutions.
If they do, £30 a share will be cheap.
House of Fraser Group reports profits down a staggering 94.1%
More proof the High Street and shopping centre are dead.
Trend had been going this way for 5 years but Covid has really exacerbated the move to online.
I've switched out of ABF into BOO - they're at a very good price now.