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Not in it thankfully
But any thoughts on a possible read across to TED? Seems like a bit of a minnow in comparison, but the issues it’s cites will surely affect TED.
Based on the relentless selling down trend in SP I think that's what the market is expecting. My worst performer now!!
Don't know what the hell has happened with this, any thoughts anyone?
Sector fears after Joules debacle.
I believe so.
But, from the Nov RNS:
Summary
· Sales growth showing sequential quarterly improvements in comparatives to FY20
· Improving margins and profitability as Group re-establishes premium positioning. Full price sales mix up over 500bps during H1 and Q3.
· Robust liquidity and continuing positive net cash position of £12.7m at 14 August 2021.
· The Group upgrades its target to achieve a net cash position forward by one year, with this target to be achieved by the end of the current financial year. All other targets have been reiterated.
· The Group is currently experiencing limited negative impact from the global supply chain disruptions or rising inflation. The Group has a basket of mitigation strategies to minimise the impact of further supply chain disruptions as well as cost inflation.
· Transformation Plan delivery on track, with the Group in line with or ahead of plan for six of the current financial year's operational KPIs.
We have had no profit warning (so far), and they would know now, I would think and be required to update the market immediately - ahead of the forthcoming results. However, that doesn't mean that a forward looking statement might be a bit more gloomy than the last. That seems to be what the SP is anticipating.
Don't forget however that this is tightly held and most in the hands of IIs - that means it is susceptible to falls on low volume ...but equally prone to fast paced rises should the results be good.
Yes, and when you compare TED’s miserly P/E to Joules’ crazy P/E, and that’s even after the crash never mind the looney tunes that it was before, it’s pretty galling.
Just seen that.
Does Joul really have a PE of 70?
I assumed that was before the crash? What is it now?
I had a tiny punt on them earlier at 59p, as a bit of bottom fishing.
The only stocks of mine that are not performing terribly and energy (oil/gas) and financials. Everything else sucks. I'm ONLY buying oil/gas now. TED seems to be in freefall like a lot of other stuff. I have no idea where the bottom is.
Oils & financials are stable / strong atm but may be near a ST top with the good news priced in. The time to buy these was 3 6 12 months ago.
As a contrarian I have been trimming BP STAN HSBC etc but adding to other on dips.
The travel sector will be the winner on a 12 month view from here and oil will rise near term as economies expand and then retrace a bit imho.
Who knows though.
If a stock feels right to you, top up as the lowest you can get it at.
TED here looks interesting.
The problem at this point in time is there's little positive/forward looking news anywhere in the Retail/wider economy; interest rates going up, inflation at 10 year highs, cost of living going up, COVID still active and could comeback, etc. - it's all a challenging picture of events for anyone trying to sell anything - what needs to change is the cost of living to come down, and for consumers to feel they have money to spend
Regarding TED, I feel the update will be positive for the 2nd half, however the full year will still be a loss (small), the next year (22/23) will be viewed as a profit making year, and the website will be Live which will hopefully improve things - this feels like a 12-18month play, and something which could improve or worsen quickly - Good Luck and DYOR ;-)
Hi Mary.I agree.
There’s a potential great recovery story here as well as a large holder and potential takeover for when that happens.
I’m a believer in ‘when everyone is selling, buy’..
I’m underwater here but not in any rush and happy that long term it will come good.