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£7 is a bit ambitious, I think £2 target is fair in the next few months.
Brought a smallish holding of Ted Baker shares today but got of to a poor start because of the large drop ...However Simple Wall Street seem to rate Ted Baker as way undervalued with their fair valuation at over £7.00 a share... so I will keep on increasing my position size as time goes by ...I also just wish to thank previous posters who provide some essential easy to read information about Ted Baker in their post as I need time to learn more about the company as I go along .. Regards All...
Quite good figures presented badly,but still surprised about the fall today.I think in the morning there will be a bounce upwards as these shares are clearly undervalued and if they do not climb in the morning it will not be long before they climb as someone will take them over
It's been an understandable frustrating day for shareholders as the expectation was the results would bring some form or reward due to the ever improving trade/financial position, however as with all things the market can react in an unpredictable way and as such we're sitting on a 6% loss for the day
I think the thing to take away from this is the figures are no worse than expected and that a line as hopefully be drawn underneath the near 3 years the stock as underperformed the market - the way forward and hopefully upwards as started
It will take a year before the results reflect the language being used by the BoD, which in turn should mean a profit and a Dividend
Todays backdrop for the results was not ideally either, poor UK growth figures, high US inflation (yesterday), and COVID challenges resurfacing (however those challenges seem be daily) - if anyone can they should hold these shares for the medium term as the recovery is in play and if it continues there's no reason why the SP can't be in the £2/£3+ range
Good luck all and DYOR ;-)
Today! I was very exciting but very disappointed. I still keep the around 26k (GBP) because I guess, toscafund bought shares around 2GBP(just my opinion). However, I have already kept the shares for over one year and getting tired.
I just wait for the next result then sell all of them.
Anyway, toscafund sell it under two pounds? or not?
Market does not like it....unless you didn't notice.
Excitement about reopening. Sometimes the journey is better than the destination.
I’m hoping by this time next year RO can turn around and say job done.
Sorry this was terrible on my phone I’ll repost:
We’ve got revolving credit facilities of around £100m so I don’t think a cash raise is necessary. Especially if we can be cash flow positive in twelve months time. Looking at the balance sheet and cash flow statements we have increased stock by £14m and debtors by 18m which has tied up cash. Provided the stock is sold at the new increased margin and we don’t suffer any major bad debts the working capital should improve over the next twelve months significantly.
So I would say the cash burn isn’t pi55ed up the wall, so to speak, but the working capital balance has shifted back to stock/debtors from cash.
If you recall back to last year a large effort was made to turn stock into cash by heavy discounting - this is a reversal of that policy in my opinion. Also the reason why online sales are down so heavily.
They got revolving credit facilities of around £100m per year so don’t think a cash raise is necessary. Especially if they can be cash flow positive in twelve months time. Looking at the balance sheet and cash flow statement they have increased stock by £14m and debtors by 18m which has tied up cash. Provided the stock is sold at the new increased margin and we don’t suffer any major bad debts the working capital should improve over the next twelve months significantly.
So I would say the cash burn is pi55ed up the wall, so to speak but the working capital balance has shifted back to stock/debtors from cash .
If you recall back to last year a large effort was made to turn stock into cash by heavy discounting - this is a reversal of that policy in my opinion. Also the reason why online sales are down so heavily.
Looks like this ship is going backwards and I will have to average down when the SP settles.
A good long termer Canetoad for the reasons I posted earlier- our goldies are flying :-)
I thought the update was good, but I did notice the cash burn.
They had £60.7m end August 2020 and £12.7m one year later. That's roughly £4m/month cash burn. At that rate, the balance would be close to zero by end of this month. Obviously they'll have some debt facilities.
It cannot even hold its price today.
Ive been interested in this for a while, but not brought anything yet, I did think this would be closing near to £1.50 today. Very surprised its almost 2% down.
There must be allot of small profit takers onboard.
All that is known abs was pretty much known before the RNS- this is ripe for a takeover- the brand remains incredibly strong which is he hardest thing for anyone fashion retailer to crack- if an offer comes in it will jump vastly and be too late the get that increase… remains a hold for me- very good update and I expect it continue to rise
But I have exited with my trades at 1.45.
I can see incredible potential here but a few very unnerving statistics came out.
Revenue is down 36% from 2019, online is still work in progress, they have lost 25 million plus the big one they had 12 million left in the bank in august.
How much cash have they got left now? I would say a few million tops as September/October are the highest rates of cash burn due to restocking.
This company has incredible potential but I am highly concerned one last rights issue is required before they enter back to profit from next year.
Will watch and wait
At last, the wind is blowing and the ship is moving forward.
Need 149 for breakeven. Come on Ted. Don't let me down. Pleaseeeeeeeeee..
Very good results, corner turned. Sometimes is takes a while for a low volume stock that has been bashed over the past couple of years, for new to permuate through. and gain traction.
Fingers crossed...
Very good update , corner turned, takes a while for news to permuate to gain traction on low volume stocks where they’ve been battered like this one. Patience…
Results better than expected
I suppose at this stage the BOD are doing what is expected of them.
There’s probably a lot of cash going into M&S and ABF at the moment.
They were quite robust but it seems that the management do not know how to communicate them in a really positive way as considering some of the year their shops were closed but they have been able to bring forward their plans is very good indeed.I am sure they will be taken out soon as really the shares should have soared this morning
And hardly any movement.
GOOD
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
How did this peak at £2.17 in lockdown? amazing