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A bad week for the SP.
I am confident Ted will gain strong momentum in their SP at some point over the next 4 weeks, a large majority of retail shares where hit harder than market average last week and a proportion of this is in Ted's falling SP.
The new chairman will be keen to announce an update soon to developments in strategy, I would hope this involves an agreement with all landlords to move onto turnover rents, alternatively if this is not possible then an announcement on store closures to reduce the current portfolio significantly, Once these news flows start to come out we will see an upward momentum at pace.
I think the city will be surprised at this stage that no announcements of this kind have been made but it takes time.
RNS updates soon?
GLA.
This will shoot if ANY positive announcements come. If you are investing, this is the time... You will look back 12 months down the line and wished you had invested... Not just this stock but the broader market. People will start to go out, go on holidays, there will be a vaccine.
Ted also has an online channel and they supply to other retailers. They have a strong cash position due to recent placing and UBB sale.
Things can only turn better from here.
The is only one thing that will help TED: revenue. And we are looking at the worst Christmas for retail sales for some time. TED don't need cashflow it has enough. Store closures would be welcomed. It's already making a loss last year off the back of a normal Christmas season. Reading 6 months ahead it's going to get worse before it gets better.
Yup for sure profit - which is the trailer in behind the revenue truck. Different sides to the coin
Although to be fair the way companies like this declare revenue is if they sell a jacket for £250 on sale it gets registered as £500 sale on the top line and cost of selling is applied against it.
Hawfinch.
I do agree with some of your comments, such as Ted is the next French Connection etc and I don't see Ted as a long term hold. However with all the Executive changes etc, I'd expect a lot of RNS activity throughout the next half promoting changes that Ted is making strategic improvements etc. There is a massive opportunity in the first year under new leadership to make some quick wins, Ted will not be profitable for at least 2 to 3 years but showing the current £80m loss can be reduced significantly, should be a very realistic proposition and this is what will move the SP short term.
Retail shares are risky at present but retail is not dead or dying, it is changing and in a high period of transition now led by Marketing and IT expertise rather than traditional retail skills.
Will Ted fail? I truly believe it will and probably already as. Is Ted worth investing in at the current SP during its fight? Yes as i believe there will be improvements made short term that will move the SP upwards. (FCCN Failed many years ago but many times the SP rose from an average 35p to 60p on failed optimism) As an investor SP gains are made on improvements, I think most investors will have a chance to make a good return at these levels if they sell quickly on a good SP rise.
GLA
Rioforever.
Good post.
That's why I took up the offer.
I've no intention of hanging around here for the inevitable demise.
I would only add, that it might(slight possibility) also become a takeover target in the meantime - the name has value I think.
The only update the will influence SP is an announcement to cut a big chunk on underperforming stores to reduce cost base. I don't think this company has any other card to play. A price correction off the back of a sell up appears unlikely as the business had nothing good to announce at all. 50p here we come. I fully agree TED would be a top takeover target, but in the current climate bigger stronger companies will just wait for the company to collapse before making and offer. Just like casual dining group - good brand, **** performance, **** financials. So wait for the company to be on its knees begging and offer them next to nothing. TED will live on under a new banner.
"50p here we come."
What's all this 'we' business, thought you'd sold up and moved on?
"just wait for the company to collapse before making and offer."
That might appear to be the most sensible route, but it depends how long you want to (or can) wait. There's also, the danger then that the management do manage to execute their turn around plan or at least take the company back into a profit. In the unlikely event of the latter, the price here will be much higher.
"TED will live on under a new banner."
I don't think so. The value (what little there is left) is in the name.
The most likely outcome is usually the outcome.
Yes brand will stay in place.
As I said I may revisit this share. Perhaps on a collapse over correction to 40p.
As for team spirit, I don't care. I do care about making good decisions, and I would encourage you all to do the same. Sorry if that isn't the comfort and support needed.
I don't think anyone is here for team spirit and anyone that makes investment decisions on the basis of what they read on a BB is asking for trouble.
My view is TED isn't a sustainable brand, or business - under it's current model. I've made no secret of these views.
I also don't have life changing money here either way, - only £12K or so - so I'm more interested to watch what happens out of interest. As I said earlier, I won't be hanging around for the likely demise of the company. But I do expect there to be opportunities to exit during any spike.
Also, none of the bears (including you) here have address the question of why Schroders and Tosca continue to load up since the open offer and continued to do so, all the way down here. I'd be interested to know why they are so wrong and you are so right?
I believe the answer to the Tosca question is that they have secure preferential terms on their investment reference administration or buy out proceedings. The risk profile they are sitting on will probably not be the same as retail investors, which is their right as a major investor to negotiate bespoke terms.
"negotiate bespoke terms."]
More gibberish.
The terms are clearly laid out in the prospectus - they've also been buying on the open market. If they believed it was going into admin then they've already wasted millions over the last few years. They would end up overpaying considerably, which wouldn't be a good look.
So no, you haven't answered the question.
A prospectus just needs to present a reasonable evaluation of a company, I doesn't need to present everything. I wouldn't rely on a company's own best reasonable story about itself.
As I have consistently be open for and have also called for. Is there any further comment on Tosca?
And on the topic of gibberish , as you put it. To me that would be a good way to describe an making an investment because someone else for reasons you don't understand. Selling a mystery is the last of desperate investing.
69.45p on the bid now
still ok. we are golding 69.45p support.
holding*
69.35p because you commented DBNO
i think that was bottom in for today at 69.35p
when bloodninja ready to throw in the towel that usually signals a bottom.
Ha I was just pointing out the price, not throwing towel in just yet, your relentless optimism keeps me going
69.30p UT mid-day. MMs taking the ****.
the technicals and the chart will look a whole let better if this drop goes into reverse gear.
Guess that means the technicals look good for a short? 69.10p just touched
risky for someone to short. technicals do indicate this is oversold.