The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
"Should have bought Debenhams after all"
I'm sure the shorters would have loved that! LOl Imagine what state they would have been in now....
In the words of the Immortal Brian Blessed.....
Ready my Hawkmen...
DIVE....
GL
Begins at 8am
Should have bought Debenhams after all
HOF is a complete basket case on its own - as expected
Z77 we will soon see in the next 10 hours
We'll see if there's any more fallout out today from Friday's shambolic performance from Sports Direct, when it failed to produce its results on time, having already delayed them once.
When it did publish the results, there was an unexpected £605m tax bill from Belgian authorities.
"This is amateur week... it is frankly a pathetic way to run a business," says Justin Urquhart Stewart, from Seven Investment Management.
"Mike Ashley doesn't care about the City [investors] very much. As far as he is concerned he is used to running a business his way."
House of Fraser, which Sports Direct bought a year ago, "is a mess and really needs sorting out", Mr Urquhart tells Wake Up To Money.
This was 280p before the shenanigans. Why would it drop 50% from 230p. Again being too negative.
Remember mm will be looking at taking out your stops in the morning.
Margin calls
I see this minimum 40 - 50 % down on Friday close.
Did buy small amount of Shares here it did not realise this is now disaster
The Telegraph tonight states that the auditor was only told on the day! (Friday?)
So that auditor can't ask for a provision if they don't know about it!!!
How the heck did Grant Thornton let them get away with not putting a provision for the 600m in their numbers. I can understand why the Big 4 barge pole SPD, not worth the hassle, they will be glad they did.
Ocelot some info has passed you buy... whatever the paper lose dump when out of auction this is a week straight down
They would be if they had to accrue that £650m
Bit of an exaggeration: its earnings took a hit, but the group isn't in loss!
Sorry to break it to you, but the real risk is of Banks and Suppliers refusing to offer any further credit. Which would have only one ending. Not a shareholder (thank god).
150-160 by close I hope, anything higher a bonus IMO. GLA
How did this ever get to 900p in 2015? will seem like a pipe dream at 8:30am tomorrow.
"I dont own any shares but with MA this could turn into another Debenham."
That would be ironic on so many levels.
Which is below 130
Agree, the market will price in the shock then recover.
I think you are all being too negative. How the heck can the Belgians take 50% Mcap of a company just for transfering goods through their country.
What Mike Ashley did on Fruday is unforgivable. The city witnessed shambles furthered by a rant in the face of gloom. I dont expect the city to have sympathy Monday. I dont own any shares but with MA this could turn into another Debenham.
lol.. you mean turning to bust not dust
Can see share price falling to around £1 mark or lower everything he touches turns to dust
The company can only buy back 25% of the daily volume
The daily volume is normally around 500,000
so do the maths even if you multiply it all by 10 I think the buy back may support it to a certain extent,however I dont know what the price may be to do this
As an outsider to all this he currently seems to have turned from someone with a Midas touch to the exact opposite. Everything he touches turns to....er…...poo. Monday will have no effect on me I'm afraid, the SP could become 10p and I wouldn't touch it, because I can see no logical basis to value this mess.