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I can’t work out whether the drop was overdone or the previous rise to 140p was frothy.
Hopefully a good bounce back tomorrow.
As you say Knowbodyyouknow, the foundations are there.. and tbh I'm more interested because of their online sales focus. I was also in BWNG, and would still be in if they didn't have the awkward placing, but awarded an allocation of shares through the placing which is still less than current sp...BUT the focus over there was also streamlined towards online sales and it's now the backbone of the company so to speak. I see the same here with TED, the drop was overdone and if anything should climb back to 125p as a base before climbing further. As I said before Christmas is just round the corner and we're looking at a good sales forecast for the period.
*Back over 130 tomorrow IMO.*
Hope so.
Grabbed a 3rd of my holding back at 117p.
Bit of a gamble as I do wonder whether it will test 112p again tomorrow. Might depend on a few things:
1. Anything written about TED over night. Although, I think we've had a lot of negative headlines today, so may be in the clear for that now.
2. Noises about Brexit - one way or another.
That's why I didn't buy it all back in one swoop.
Either way, up or down, tomorrow, I'll be able to act positively.
TED needs more time - but the foundations are there.
That's my takeaway from the update.
Watch the large buy orders pop up later, taking advantage of this drop.
MMS shook the weak and moved up into close ... 12 broken stay above I am happy
Chuckle
There we go 117.5
Seems like this just don't want to break 117...
As at 11 July, net cash was £56.7m, which was ahead of management expectations. That reflects the proceeds from the sale of Ted's head office, and the placing of new shares. The group has £161.7m of available headroom on its lending facilities of £108m. An additional £25m will become available from September 2020
Drop overdone here, forward looking targets look good here.. Next few days will see TED recover back to 130p. Onloine focus is very strong.
Rise should come into close 120-125 close will be good and hope back above 130 tomorrow...
NT to buy now... MMS knocked quite a few stop losses and now will take back up...
Plus Vaccine around the corner ,this will turn from here
online sales are growing so time to buy
Well, my stop loss got taken out at 127p, when I was at the garage this morning.
Very tidy profit as my average was much lower, but I do believe the positives of this update outweigh the negatives (i.e., the headline numbers). I'll be back in if it falls much further over the next day or so.
If not, then I wish you all good luck.
TED had an unbelievable sale recently around black Friday, more than most items were sold out when I was browsing the site. Sales IMO are definitely picking up as the pandemic slows.
The outlook is "very mirky" coming in to a crucial trading time being Christmas
Excess stock inventory, and lots of stock to shift
Think the next 6 weeks will be pivotal
talk about 2 hours of mixed fortunes
Going down now. I suspect because of the negative headline numbers that are being trumpeted by the FT and other press. It's the underlying recovery that is the true story this morning, IMO.
Should be some support around here, but if not then I'll top up on the dip.
GLA.
Nice little rise. That’ll do!
Yeah a bit of a mixed bag really. I think at this stage the turnaround plan is more important than the CV19 hit, whether the market agrees is another matter.
Just skimmed through the report. Looks largely positive with more cash in the bank than forecast and an optimistic view of their turnaround progression.
Iv'e sold 10k over the last week, and like you I nearly cashed in a few more on Friday but in the end didn't do anything so rolling most of my shares. Just have a gut feeling that there may be a big upside here, a few failures in the sector should make it better for those that survive, and these shares were worth £30 once upon a time although the new 75p fund raising will make £30 in the future a dream, it could get to multiples of £1.35. £3.00 take out bid by the large shareholders maybe before any huge profits can be made.
I'm in the USA so hoping a wake up to a positive result, or at least not a negative one.
I ummed and arrred today over taking some profits but didn’t bother in the end.
So all strapped in for Monday!
Not expecting fireworks either way.
Before the lock down things looked promising. I think the rolling nature of it and online shopping means it's probably not impacted TED significantly here in the UK. And of course TED it's a global brand, so it will be interesting to see North American sales and Far East sales etc...
The forward looking should also be interesting.
They should have a good sense of where things are heading now.
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