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2 days to go, the SP has closed it's downside gap and may well be preparing to move to the upside. If i get a buy signal I'll be tempted to buy a small position even prior to results (it's often not wise to hold over night when results are due. Nothing is certain in life, other than old age and death, but this is starting to look interesting to me.
I topped up with another £2.5k as this should rise on good results and get a lift from rya when analysts look forward imv.
Not much recent activity on this board which seems a shame. There's been a sustained fall in the SP as the business rebalances I guess, moving away from high street retail into travel related/airport retail? Maybe some of those who've looked more closely at the business can help me put some meat on that (or debunk it as rubbish).
I like to look at charts and the chart here looks quite permissive for a speculative trade with Stochs oversold, RSI not far out of the oversold region and some levelling off of the MACD. None of that means SP will rise, but it increases the chance that we're near a low. Results are next week. Ryan Air reports monday which might help set the scene, recently travel related stocks have been up beat and I guess WH smith should be too. I have a potential support around 1135 (but it's not a strong one). If that were to fail then we could retest the 925 area. I'll not buy before results but am getting intested.
Strange times indeed - I'm not a holder of SMWH at present, though did hold 5 years ago when they were trading in the low £20's. Its been known all along that the high street chain is in gradual decline, and that growth is seen in the travel/airport sectors, which is seeing a strong recovery, and which in the note, has reported good LFL growth.
Seems in today's market that any company meeting guidance gets hammered as well as missing guidance, and even those that exceed guidance trade well during that day, but there's rarely a follow through rally - look at Johnsons Services shares, which were up yesterday on smashing estimates but a big pull-back today.
Unfortunately, I've lost confidence in the UK market completely - there seems too much emphasis on short-term markers and value, long-term hold investing has gone out of the window.
The UK market is also massively undervalued to other overseas indices, so when UK companies get bought out by overseas investors etc, and we lose a little bit more of UK plc then really we should be valuing our listed UK businesses somewhat better ....
Trading statement inline with upgraded guidance and we get a 6% drop, strange times.
Have a small holding here I paid to much for but that's another story, Anyway cant believe this has dropped so much since the last results considering travel is still very buoyant and WHS is expanding in this sector
It's unreal that each time WHS delivers a good set of results the SP drops!
The only blot on the landscape is the uk high street branches, it’s obviously in decline as shown by other retailers that have gone under. Smiths carries on but must be aiming to close at least the more costly stores. Hopefully the market will realise the potential lies in its travel business and the SP will rise today.
Expecting a rise today given that the summer travel peak will push these good figures even higher.
That’s a decent RNS.
Lots of good news from the travel sector e.g.RYA but sp not really reacting!
Another excellent update today and yet again the sp falls - am buying more!
Has a company posted decent results and the SP gone up? What a strange day given recent trends!
Yep, a good set of results. UK (Highstreet and travel) was a bit better than I expected. With the reinstatement of the divi as well I think this will see a good rise from here.
Excellent results and outlook announced today!
Lots of good news from the airlines bodes well here , SP should also take off!!
Keeps dropping. Where's the bottom ? Are these a BUY yet or more falls to come?
Big news - the DB pension fund liabilities are now the problem of phoenix meaning that risk has gone and a small rerate will follow imv.
If you have access https://www.thetimes.co.uk/article/the-american-dream-is-flying-again-for-wh-smith-m8gljrq88
JPMorgan raises WH Smith price target to 1,930 (1,900) pence - 'overweight'
JPMorgan raises Whitbread price target to 4,150 (4,000) pence - 'overweight'
Good update today - top end of expectations with heaps more shops still to be opened. Inflation will be a pass through here so all good imv.
Unfortunately, you don't have time to go to the shops airside, it takes so long to get through check in and security, that we ended up running to the flight and had no time for anything in the airport!
I would have thought the massive queues at airports would translate into a huge sales boost- any ideas on this from those who have travelled recently?
Updated broker ratings !