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You may be right. I think it’s only a matter of time before sp recovers, whether that be weeks or months...
Will be a great buy if it goes down to 60p/70p range. Just need to be patient and let the economy slowly recover. One with great fundamentals , to keep a close eye on. :)
https://www.bbc.co.uk/news
Ahhh .... I wonder if this is what the city got wind off before the rest of us. Quarantine will equal even less footfall through the U.K. airport shops.
Half year results on 14th may. Can't see anything positive being reported
It was a decent day today. In the short term I'm hoping this should rise to about £13 if no bad news.
Bought in at average £9.95 per share. Looks like some short term volatility. Mid-term term the travel (underground) and high street will re-open, and then stores internationally too within airports. I'm aiming to double my return in 3 years with WH Smiths.
post by Capt_Hindsight at 17,29 at ncyt share board
think gives a interesting description of the market
so many shares was watching today sadly finishing red
can see why already so many
have ticked up Capt_Hindsight post
so many other shares finished red today
Thanks for that Sudnal, very much appreciated. Interesting. I watched this drop for 2 days, and decided to buy in this afternoon. Relaxing lockdown should make a positive difference.
I have done some analysis based on numbers that are available in the public domain. The average PE for this share over the last 5 years has been at 18. Given COVID 19, the management guided us to max of £40m reduction in profits that means profits will be £100m this year worst case scenario. Assuming this scenario price per share is 77 pence and if you multiply that with 18 it comes to a fair value of £13.84 based on historical averages or or £12.3 based on the lowest PE ratio this this has traded in the last 5 years. Based on data it appears undervalued IMO by atleast £2. But who knows what's to come in the business performance updates. As always DYOR before venturing into any shares. GLA.
Yeh, what baffles me is that the share price already dropped from £24 to reflect impact of Covid. I would expect the impact of lockdown was already priced in. We know it is all doom and gloom.
So the decline in the last few days doesn't add up. I am hoping it is just jittery markets. Or an institutional investor selling for reasons nothing to do with WH Smith.
I guess we will find out in the next week or so. Usually the day after bank holiday there is a bit of a rally. So I'm keeping fingers crossed for the week ahead.
So BoJo is announcing his lock down easing plan next Monday. I wonder if the city boys have had an advanced viewing and there is something negative there? Even still, I’m struggling to understand why they wouldn’t open stores. Anyway, I topped up at 980 as this is still revenue generating (in contrast to nearly everything else) and the fundamentals look good. Still confused ...
I got more at £9.85.
Last month WH Smith had placing at £10.50.
So we are getting these shares cheaper than the institutions who purchased those shares. That is the only thing I find reassuring. Either we start to go back up from here, or soon we will hear bad news which those in city already know.
Yes i hunted for info too, it dropped by a similar amount yesterday too, a bought in earlier @ £9.72....Im actually happy with that. This will recover after lockdown restrictions are relaxed, looked at the fundamentals, all sound.
Having said that Shell dropped 4% today for no apparent reason too
I can’t find any public information to explain this drop.
It’s gone from £13.20 on Thursday last week to £9.70 today.
That is a colossal loss with no news.
must be a distressed seller dumping at any price.
I bought some at 960. website open, 30% of shops open (post office) even a few airport shops open. high street shops should be one of the first to be able to open nationwide again very soon.
obviously this year is going to be a mess but should the price be discounted to such a large degree compared to businesses which have been completely shut down since end March and will be lucky to be open again by July.
I am purchasing more too. i understand at airports they will lose money but give it a month and passenger numbers will rise quickly,, everyone i talk to can't wait to book a holiday, me and my partner included. unless the city knows something we don't as there is not any reason for this massive full, others aren't, not even the airline. this has lost nearly 30% over the last few days !@?
Its not normally to see an FTSE comapny with high sp dropping 10% or more a day for no reason unless II selling.
Brokers Consensus:
Strong Sell
(0 of 6)
Sell
(0 of 6)
Neutral
(1 of 6)
Buy
(1 of 6)
Strong Buy
(4 of 6)
https://www.hl.co.uk/shares/shares-search-results/w/wh-smith-plc-ordinary-22-667p-shares/broker-forecasts
I think it will show some recovery before closing- I am buying!
Exactly what I’m trying to work out. It is one of the few high street shops still open (if they have a post office in them) and it is likely to swallow all the business of the other similar smaller local shops when things get back to normal. It must be the the airport and train footfall business downturn (that’s all I can think of). Just my very humble confused opinion !
so why is this getting battered??
I hope you don't mind me gatecrashing the BB, but I do think that this open letter is well worth signing. See what you think and all the very best to everyone.
To the boards and management teams of the UK’s listed companies.
COVID-19 is leading to a large wave of recapitalisations for UK PLCs. We are concerned that UK retail investors are not receiving their entitlements to participate in these often discounted fundraisings.
Here are the facts:
The FCA’s welcome stance on pre-emption rules has enabled companies to issue up to 20% of their share capital quickly and without a rights offering to broader shareholders.[1]
UK PLCs are now issuing significant amounts of shares directly to institutional investors and typically at discounts to already depressed share prices. As of the date of this letter, this includes ASOS PLC, Hays PLC, Hotel Chocolat Group PLC, Informa PLC, Joules PLC, MJ Gleeson, SSP PLC and WH Smith PLC.
The FCA Statement of Policy stresses the importance of “retaining an appropriate degree of investor protection” and that “Issuers can play an important role in delivering ‘soft pre-emption’ in the placings”
While we recognise the need for businesses to raise equity capital in an expedited fashion, we are concerned that no protections are being afforded to retail investors.
Technology exists today to run a retail offer as part of an accelerated fundraise, with no delay to the issuance timeline or impact on pricing. www.primarybid.com, for example, has partnered with London Stock Exchange to do exactly this (at no cost to individual investors).
We encourage UK PLCs and their boards to protect individual shareholders and employees by respecting their rights to participate alongside the institutional investors, management teams and board members.
This is more than just good governance
Retail investors are showing unprecedented support for UK PLCs. In recent weeks, they represented over 20% of the volume on the FTSE All Share with 60-74% of this volume being BUY orders. UK stockbroking platforms are reporting over three-fold increases in new account openings. They can and should represent a powerful source of funds for listed companies. [3] [4]
This letter requests the following calls to action:
UK PLCs consider the FCA guidance by “exercising their right to be consulted on, and to direct, bookrunners’ allocation policies” and mandate retail tranches as part of a fundraise
All deal advisors ensure retail investors are part of their thinking when structuring a fundraise
Retail investor industry bodies continue working with The Pre-Emption Group (PEG) and the Association for Financial Markets in Europe (AFME) to ensure that best-practice guidance makes reference to the importance of retail involvement in accelerated capital raisings.”
We urge anyone who has sympathy with our views to sign this open letter and draw attention to this important issue.
https://allinvestorsmatter.co.uk/
I wonder who got impaled on the spike?
this opening marginally up providing the op for an exit pre raise
Cash burn will be at least £40m a month
One day this could be a buy, but gonna drop from here.