The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Smith, I believe JD will post a Christmas trading update in the beginning of January
I think JD will post much better results than Nike. Nike has a much larger exposure to the US market, which was only partially offset from India and SEA. The currency headwind for Nike (strong dollar) could be a tailwind for JD, as it will help with the earnings in North America.
JD is growing fast in Europe, sales in the UK look very robust. JD is also seeking exposure to the Middle East where I believe there is a huge potential, although at lower margins (in my view, considering JD will operate a different business model based on franchising in the region).
At what time is Nike releasing results today?
During the crazy period with Jope the dope, Unilever went on a spree of acquisition of minor brands with the short sighted hope to turn them into multibillion established brands. Crazy how they forked out 1 billion pounds for Dollar Shave Club, which turned into a failure and the fresh management had to clean up the mess by selling it off at a loss.
I trust the new management, no more purpose to brands, no more woke culture, no more crazy acquisitions of small brands, most of which belong to oblivion.
I expect Ben and Jerry's to be sold off in due time, the Ben and Jerry's independent management has only given ice-cream headaches to the parent company. Overpriced products, despite the recipe may be considered good, customers can't digest it due to the politics packaged in it.
JPMorgan raises JD Sports Fashion target to 211 (210) pence. Terrific increase!
No much explanation was given regarding the loss of revenue in the US, apart from the "challenging environment", which says pretty much nothing.
Not much was so said about why they need to invest 30 millions in their GAS program. What has changed to require such a capital investment?
The growth strategy relies a lot on M&A, which is okay but suboptimal.
Lots of questions unanswered and a degree of uncertainty. I expect more weakness of the share price till the next trading update.
What is the story about the Dutch subsidiary that filed for bankruptcy?
A fifth of the business was lost in the US. Not much to understand for the layman.
"US revenue declined by (19)% on an organic basis with softness in Media revenue as a result of greater concentration in the consumer technology verticals as well being less advanced on the execution of the strategy in comparison to the UK business."
What caused the drop in revenue in the US?
"US revenue declined by (19)% on an organic basis with softness in Media revenue as a result of greater concentration in the consumer technology verticals as well being less advanced on the execution of the strategy in comparison to the UK business."
What does this mean to the layman? That's a loss of a fifth of the US business. That's quite savage
Has Victoria ever made 1 pound of net profit? Why is this company rated quite highly against, in my opinion, quite poor performance?
AbjectPerformer, apparently you will soon get another chance to top up around 265 or lower.
No takeover bid with director buys, that would be inside trading (which is illegal)
Shares were trading at 50 pounds per share in 2019, how did the market get that sort of valuation back then? maybe lack of opportunities in the market. In 2022 pretax profit were 25% higher and the share price is now 25% lower.
Anyone noticed how busy JD was for the black friday?
I just started looking into this. Debt is atrocious, £2 billions! 888 is walking on egg shells
Why did JP Morgan lower the target price to just over £6? That's quite harsh considering the business made 300million pounds of net profits last year.
What a satisfactory profit before tax would be for the next trading update?
Does the outbreak of pneumonia in China have the potential to cause new travel restrictions?
Apologies in advance for the dumb question. Is the deal sensitive to movement in the BoE interest rates?
How could a drop in interest rates to pre-pandemic level affect L&G with regard to the deal?
Not that much of a breaking news, but published as one, I guess.
Note: The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
https://www.reuters.com/breakingviews/brandings-corporate-titans-face-moment-truth-2023-11-22/
Is it the end of brands for food, beauty, consumer goods in general?