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Jjoo i have a screen of green , quite right just ignore, i just don't feed the gas lighting troll and for which he appears to be upset that's all you need to know, matter closed.
Dan - sorry but I was off to drop my youngest to uni today so couldn’t reply any sooner.
I fear once again you have missed the point I was making which was simply that you might have something useful to share but if your only motivation in posting is to drag up old arguments with someone who doesn’t even see your posts then anything useful you do have to share gets lost in the mele.
I’m not defending rags posts or his position I am simply suggesting that you refrain from referencing old arguments with everything and for the love of god please don’t start encouraging kallu to post any more than he already does.
As for the people on here I’m not sure what their professions are but since the late 80’s the number of individuals who invest directly in shares has grown considerably and there are sure to be plumbers and blacksmiths or any number of other professions out there who manage their own pensions and isa’s and I don’t see why that should make them any less qualified to have an opinion about a share they own than you me or anyone else.
I know someone who drives a lot of miles for their job who purchased shares in greggs some time back simply because the noticed the number of motorway service shops that they were opening up and believed that would result in significant growth. They did some basic research prior to purchasing but I can assure you they would be more likely to have known the price of a steak bake on the motorway services and how busy each outlet the observed was at different times of the day than they would to be able to quote the expected revenue for the next three years and what the retained profit would be. Does that make them a bad investor? Certainly a different way of looking at an investment but not necessarily the wrong way given it their money they were investing. And let’s be honest no amount of research or valuation calculations could have led an investor to predict that the Sunday times would run an expose on boohoo and the resulting problems with the share price.
Lets not forget fleagate
Court case
Got a tweet judge in chambers granted acceptance of part and denied point. Ordered plaintiffs and defendants to reach agreement.. stale mate or no score draw
It only refers to depositions. There is a 8 hrs time difference to California, and so they struggle to agree a start time.
Ladies and gentlemen welcome to the dumbest post ever on LSE
“ As for the people on here I’m not sure what their professions are but since the late 80’s the number of individuals who invest directly in shares has grown considerably and there are sure to be plumbers and blacksmiths or any number of other professions out there who manage their own pensions and isa’s and I don’t see why that should make them any less qualified”
Please find me a private equity fund where the team is materially made up of plumbers
This post reads as though valuing a business is some sort of alchemy as though all it needs is some sort of hunch or ability to see something
In you scenario the point (which you’ve missed 4/5 times) is that he doesn’t know if he’s bought value or not
He bought shares and the stock went up doesn’t make him right but then again he’s just as qualified as everyone else
I bet he’s on the payroll at Robey Warsaw now?
It’s a share price mate. If you can’t articulate value then you’re just betting. Your mate although he was right would have saved years of his life by betting red or black at the casino
But again I’ll make the point. Rag claims to know everything
(Lists the 7/8 things he’s been materially incorrect about) and we all still need to have his opinion? Really?
Let’s get his errors out in the open and also make him realise he doesn’t know what he’s bought (“absolute steal”) and if you want to take a high moral ground @P then you can sleep well knowing that you helped someone learn
Atm all you’re doing is encouraging a guy who doesn’t understand the business or what he’s bought. This is like getting the plumber to fix the lights with a JCB
But yeah let’s gather round for the opinion (test and repeat same as topshop…data? Who’s that?…platform = website etc etc etc)
Dan
That’s a perfect example of what I have tried (and clearly failed) to put across to you. Namely that you have a tendency to take someones comments out of context to suit the argument you cannot help yourself from having and that you clearly feel you must win any which way you can.
You stated in your earlier post that “ What I say is lost on this board as people on here are plumbers, ex-salesmen or small shop clothing manufacturers. What they own is a share in a business which has a valuation”
My response to that (in full) was actually “ As for the people on here I’m not sure what their professions are but since the late 80’s the number of individuals who invest directly in shares has grown considerably and there are sure to be plumbers and blacksmiths or any number of other professions out there who manage their own pensions and isa’s and I don’t see why that should make them any less qualified to have an opinion about a share they own than you me or anyone else.”
Not that everyone (or anyone) who posts on here is somehow qualified to be part of “a private equity fund where the team is materially made up of plumbers”
Pmoran also a reason why its a waste of time even engaging, stuff taken out of context reposted , gaslighting all the time to try and prove a point, i gave up trying to reason, all he does now is troll, fortunately you dont have to read his diatribe (which does sometimes come with valid accountantcy relatedpoints ) i thoroughly recommend green screening anyone who appears to have issues. Anyway just dropped my oldest (daughter) off at Uni as well today, just about squeezed half of Ikea into her room.
Kallu - if you ‘go back to the source’ I believe if you read the ABF press release from Monday they explain the last three months Primark sales had a large element of pent-up demand, as in a one-off shot.
So yes some consumers who don’t like shopping online or can only afford to shop at primark couldn’t wait for the stores to open. I would out to out that they are in the minority.
Plus it’s awfully ironic of you mocking posters here for posting up sources from news sites off the internet, I believe you are the king of such activity. Or even worst re-posting Twitter posts from your moniker ‘ABFInvestor’, usually backed up by a link to such news sources, as evidence,. You couldn’t make it up.
Kallu - what that data tells us is that internet sales using all metrics has been consistently growing year on year and each month compared to the same month the previous year apart from jun jul aug of 2021.
It also tells us that the growth in 2020 compared to 2019 was considerable.
The long term trend is that internet sales is growing year on year but the 2020 vs 2019 and the 2021 vs 2020 figures are abnormal compared to the underlying trend. Not surprising given the forced closure of retail increasing internet sales and subsequent reopening reducing it to more normal levels.
So either the lock downs and forced closure of high street retail caused the anomalies or the last three month trend is indicative of internet sales (that have previously been increasing every year) have reached peak and are now going into decline.
Personally I interpret the data as showing internet sales increasing year on year, the lockdowns forcing the pace of this increase artificially during 2020 and the 2021 data showing a return to normal, that the long term trend will continue and we will see internet sales continue to grow. Of course that’s the beauty of data one can interpret it in different ways but when it comes to analysing data such as this I do prefer to take as much of the source data as possible into account to base my decisions on rather than just the last 3 months.
The key is not taking one data set in isolation.
Kallu - I do not believe at any point I have resorted to personal attacks. Whereas you keep dropping snidey comments like the one below with the sole intention of winding up investors here in a company yourself are not invested in.
‘ If you want to be a serious investor and not a gambler like most on this board I urge you read source information on not depend on financial journalists.’
You can tell you’ve been rattled this week by the poor numbers and forward outlook over at ABF as you have stepped up your decamping campaign a notch. I’ve got no problems with a bear case, it makes perfect sense to be fully researched on both the upside and the downside. But your basic thesis that online is doomed and bricks and mortar is the future because rents are now cheaper doesn’t strike a chord with reality and makes it hard to take seriously as an investor.
You’d be much better over on the ABF board with your like minded folk because let’s be honest, no one want you here.
Kallu it’s ok to base your conclusion on the past three months if you wish but i can assure you that the rest of the available data shows that for the past 11 years internet sales have grown consistently year on year and as I pointed out, when I asses trends I prefer to look longer term than the past 3 months.
My shopping centre has so many closed down shops I don't bother going any more. Happy to just buy online as I've done for past year. BOO will be fine and I've plenty cash coming in to keep buying more BOO shares at these low levels. Berenberg's 460p prediction is encouraging.
Doug I will be more than happy with 4-60 let's hope it's not to far away
Kallu, "This is basics of investment mate, past is no guarantee of the future."
And yet you site Buffet as the way to go. You are only basing your decision to use the Buffet system based on its HISTORICAL success.
Likewise it makes a mockery of you continually glossing over ABF's abject SP performance over the last 5 years.
sigh.....
Can we all just take a moment here just to thank Kallu. I haven't laughed this hard for some time, a real Monday morning treat.
Kallu , let's not forget, is a long term Buffettesq investor. He now tells us that just 1 quarters data is enough to inform the conclusion that a decade old trend has reversed. Kallu has either not understood Buffett, or he hasn't read a single word of Buffett. This is an astonishing level of stupidity. The funny part of course, being that the trend hasn't even reversed. Even after unlock online sales remain way ahead of 2019, and has actually accelerated.
When has a trend ever been defined in any other way than "general direction"?. The general direction of online retail is not downward. Haha imagine applying this logic to anything, where every new short term up or down fluctuation is regarded as a new trend. Dont recall Buffett ever writing anything but the exact opposite of this.
The cognitive dissonance here is on such a level it looks like gaslighting, but it has give me stomach ache level laugh this morning.
If you think that’s funny try rags “analysis” sorry I’ll be taking this “out of context” (it’s not it’s just absolute garbage)
“ BH Group, obviously this is not the company it was this time last year, this can be quite hard to get your head around if you still see BH / PLT as the main money drivers”
Ask rag to give us the maths on this!
Boohoo & PLT c.£2billion revenue and forecast (by management) to be responsible for 80% of the 25% a year growth and the other stuff c.£0.25billion and forecast to be the remaining 20% of growth
Yeah that’s hard to get your head around. Might need some “context”
Yes of course boo and pelt are the Crown Jewels of this business, and will be for some time. The investment in to Debenhams etc is more about optionality for the future.
Now only 7 full trading days before trading results on 30th September.
Boohoo communicating sales up 25% .....?
For sure, Jjoo, the potential of the expanded demographic is massive, hence the investment in people in buying and design, demand must be there because some of the quantities we are receiving for SS22 are impressive, weekly meetings happening with all recently acquired Brands, all at last starting to consistently re build, up until till last few weeks it has been very chaotic and ad hoc, now however closer to following industry standard for the buying patterns re the demographic of these Brands. BTW keep an eye for an Indian/UK early harvest trade deal looming prior to FTA, not yet at forefront of many people's radar but my Business partner was in meeting last week in Southern India with Secretary to Indian Trade Minister and other interested parties, in this meeting they were told that behind the scenes the much anticipated early harvest is being mooted to be signed off on Textiles poss Shoes as soon as March 2022, this should result in min 9% saving depending on Cat, it bodes well for the whole sector and will be a welcome respite for costs which as we all know are going in the other direction.
@jjo can you ask rag to clarify his statement that I quoted? I get they are building up teams but how will that bridge the £1.5billion or more difference in revenue?
Especially from brands that in their hay day never would have equaled that amount
I'm confused! Also if we could get some view from rag re impact to the share price from these brands that would be really helpful to me
The only brands that are going to put material profits relative to what boo currently earn are brands it owns. Is rag saying otherwise?
He's saying that boohoo and PLT are no longer the main money drivers ie that KM, mantary and the other debenhams brands now are (or very soon will be)
I'm just curious on how those brands will outgrow boohoo and PLT to be the "main money drivers?"
Just seems impossible to me. At least within the near or medium future so how is what he has said true?
He's right it's hard to get your head around