Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Just confirmation of Giles Wilson’s joining date by the look of it. Interesting that he’s been buying shares ahead of joining.
Here’s a little background info courtesy of the Retail Gazette:
“Dr Martens has named Giles Wilson as its next chief financial officer.
Wilson will join the footwear retailer early next year and succeeds Jon Mortimore, who announced his retirement in April.
The incoming finance boss joins from global spirits company William Grant & Sons, which owns Glenfiddich Scotch Whisky, The Balvenie Whisky and Hendrick’s Gin.
His appointment comes as the company’s share price hit a record low after issuing several profit warnings this year.
Prior to this, Wilson was the CFO at aviation company John Menzies from 2016, until being promoted to chief executive in 2019.
Dr Martens chief executive Kenny Wilson said the new finance boss brings “a range of complementary skills and past experience that is highly relevant to our brand-first strategy” and the target of hitting £2bn in sales.
Chair Paul Mason said “Following a rigorous selection process, we are delighted to appoint Giles as CFO.
“He is a very capable finance leader with extensive experience in a number of sectors, and, most recently, his time in the branded spirits industry has given him a good grounding in global brands and wholesale distribution management.
“His knowledge of the public markets will be a valuable asset to the team as Dr Martens continues its growth in the listed environment.””
https://www.retailgazette.co.uk/blog/2023/11/dr-martens-new-cfo/
Last year I had 3 or 4 bought on the cheap. Its OK for the quick 50% but no good if you have a book of recovery stocks that in theory should go back to their previous Market Cap given a couple of years....it demonstrates where a lot of Director's priorities lie-the quick buck rinse and repeat rather than building back the business.
Yes - this is my core expectation too. Foreign trade buyers will pay up. Especially for businesses with established brands. Hotel Chocolat has shown the way.
I saw a table somewhere showing 20 or so acquisitions of UK companies in 2023. Average premium was close to 50%. The UK market is undervalued - as plenty of people have pointed out.
UK is so undervalued exoect a flurry of bids in many sectors.
If I were an adherent of charting - which I certainly am not! - I would observe that the daily chart looks v promising here. A chartist would tell us that If the break above 90p can be consolidated, further gains may be realised.
Good idea but stretched elsewhere hopefully this is the start of an uptrend seems to have turned more positive from last update
Average down and get out sooner ?
Hope this is back in recovery mode bought in at over 2 quid so I can be blamed partly for the relentless drop sorry all !! Think I was in the titanic in a previous life ! Gla lth
In particular liked this bit a lot ............................ "A Paused Growth Story with Strong Margins".
No brainer with recovery potential.
Https://www.collater.al/en/rick-owens-dr-martens-capsule-collection-style/
Seems volume is returning here and hopefully through the worst for a quality company. Hope that a biider is circling around 180p +
DOCS went Ex-Dividend on the 4th January...the Dividend of 1.56p per share was paid into my account today..
Or maybe DOCS went ex div today?
Just a thought ;>
That’s what it is until they announce something good, right?
90p being paid now. A nice move up.
DOCS has the potential to be taken over this year . I have been lucky once already in 2024 and Wincanton has risen well after the proposed takeover from CEVA logistics a French company. So was wondering which other shares anyone on here thinks might be taken over . I am buying a small position in around 20 companies as a bit of interest to my other dividend paying companies which I hold for the long term any input much appreciated . A few on my radar are Elementis WH smiths and THG
Bring manufacturing back to the UK , I'm sure government will assist, build quality will go up(along with costs), however we will be far more prestigious to the US/other markets, revenue will increase for sure , margins less but far more overall profits
Strong again today - a really good sign. This was oversold at 75p ahead of the trading update, and is recovering nicely.
I suggest you read the earnings transcript
Do you think the next update gets better, worse or inline?
Same again today please, looking for party no 2.
There you go!
+12% today is great news, although volume wasn’t huge. Let’s hope the move attracts the attention of II’s such that some recycling of holders can take place. Sometimes this takes time as the company’s brokers look to find out who is serious and who is just flirting…
NIce, any news of a bidder ?
Yanks won't want to miss out