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Fastantic day out there, at last!
Enjoy the sun tradey
No matter your sp will still be there glowing bright red at you
Bit like that ginger lad in Jaywick
Jeremy, it was January that was the most ridiculous. They bought 4% in a couple of weeks and the sp went down by about 20%.
The MMs have no interest in creating a market, it's all about Frasers
Reverts to chatting oneself 🥱
Oh,the desperation for acceptance!
BFD I don’t think I’ve seen a share where a major buyer is buying up 24% of a company and the SP goes down when they buy…..and they say it’s not bent….
"I'm sure he'll come up with some sort excuse, that's not what he meant etc."
............
"Crawshaw I was implying nothing of the sort."
Bingo.
"Absolutely right, Crawshaw. Tradey just makes it all up as he goes along, and presents it as indisputable fact"
Mms suppressing the share price again ?
Iffy Market ?
Utter joke?
Or preferably not the biggest of in demand equities currently may be more factual .
I
Crawshaw I was implying nothing of the sort. It's simply a trade to suppress a rise and maybe margin trade.
Anyway zero interest in arguing with someone who has no investment and seems to go from board to board trying to pick arguments
Good to see online retail sales rebounding from April albeit with two bank holidays helping (along with the better weather). It now means online retail sales have increased year on year for 14 of the last 15 months (the exception being this April which had the excuses of the soggy weather and the Easter holidays partly falling in March this year).
Surely BOO can finally start taking advantage of these continued good figures - if not they must be running out of excuses if the market keeps going up and they don't? It looks like we won't find out though until the interims in October.
This stock just does not move. Mike needs finish adding so this can move either way. He still has an appetite, very large holding at 24% will he keep going?
I'm sure he'll come up with some sort excuse, that's not what he meant etc.
Oh well, the aforementioned SP decimation will no doubt be getting to him.
"Bfd, on the contrary.
You insinuated the 'shorter' was closing their position due to the positive ONS data, weren't you?
What does a 'shorter' do when they close their position Bfd?"
Absolutely right, Crawshaw. Tradey just makes it all up as he goes along, and presents it as indisputable fact.
Doesn't even have the humility to admit that Debenhams made an accounting loss in the last financial reports.
Regardless, it was a miniscule trade. Likely just an impatient PI no longer willing to watch the destruction of value in their portfolio.
Bfd, on the contrary.
You insinuated the 'shorter' was closing their position due to the positive ONS data, weren't you?
What does a 'shorter' do when they close their position Bfd?
Crawshaw it seems you are financially illiterate
Shorters sell, buy and margin trade.seems you are still trying to pick arguments where you have no investment. Has southcoast upset you again
Fashion and furniture shopping help UK retail sales rebound in May
(Adds par 8 and final 6 pars)
By Anna Wise, PA Business Reporter
A rebound in the number of shoppers flocking to fashion and furniture stores helped boost retail sales last month, after wet weather dampened spending in April, according to new official figures.
The quantity of items bought rose by 2.9% in May, following a fall of 1.8% in April, the Office for National Statistics said. April’s data has been revised up from a previous estimate of a 2.3% decrease.
The figure has beaten forecasts, with some economists expecting sales to rise by a softer 1.6% last month.
The volume of sales rose across most sectors last month, compared with April, when poor weather reduced the number of people shopping.
Clothing retailers, furniture, footwear, sports equipment, games and toy stores had a strong month, thanks to more visitors, warmer weather and the impact of promotions.
Florists also helped drive a 3.5% increase in total non-food store sales in May, which includes department stores and homeware shops.
This was the biggest monthly rise in three years, the ONS said.
Online clothes shopping also soared by nearly a tenth in May, while the total amount spent online across all sectors rose by 5.4%.
Meanwhile, watches and jewellery retailers and second-hand goods stores were among those seeing a slight fall in spending compared with the previous month.
Experts said that a summer of sporting events is likely to prompt more spending, which could further boost retailers.
“The numerous bank holidays in May provided retailers with a much-needed sales boost, according to the latest figures from the ONS,” said Silvia Rindone, EY’s UK and Ireland retail lead.
“A summer packed with high-profile sporting events such as Uefa Euro 2024 and the Paris Olympics, coupled with better weather and the possibility of political changes, could well be the catalyst for a resurgence in consumer confidence.
“While these upcoming events are beyond retailers’ control, they present a golden opportunity to drive sales.”
Oliver Vernon-Harcourt, head of retail at Deloitte, said the latest figures suggest that “recessionary behaviours are easing”, with more consumers “releasing their purse strings and spending on discretionary items such as clothing and furniture”.
The UK economy dipped into a recession at the end of last year, but returned to growth over the start of 2024.
"hence the big sell from a shorter today"
"Shorters" have to BUY back shares, not sell BFD.
Is ÂŁ70k considered a big trade here these days?
For anyone interested here's the link to the core ONS data. Online had a good month, the stand out sector was clothing. Ties in with the website views reported for May. Only trolls think this stuff doesn't matter, hence the big sell from a shorter today.
https://www.ons.gov.uk/businessindustryandtrade/retailindustry/bulletins/retailsales/may2024
So what??
The sp languishes...
Another £201k sell looks like from Qube. They are controlling the order book atm up and down….
Major European stock indexes traded mixed in the premarket session on Friday as the public's attention is placed on the upcoming Purchasing Managers' Index from the European bloc, Germany, and the United Kingdom.
At 8:00 am CET, the FTSE 100 lost 0.07%. The Euro Stoxx 50 increased by 0.15%. The DAX improved 0.28%. A minute later, the CAC 40 went 0.09% down.
The euro gained 0.15% against the dollar at 7:59 am CET, selling for $1.07176. Meanwhile, the pound traded 0.06% lower against the US currency to go for $1.26641 simultaneously.
Baha Breaking News (BBN) / AC
Happy Friday y’al
Enjoy your weekend.
Free float is shrinking in any event
I wonder if Steve includes carrying costs and loan costs as part of his calculation
He's certainly miles wrong with his company valuation
Ah ok. Thanks .
No Steve Ws assessment of Elevas short position earlier tonight.