Member Info for Alessandro

I am surprised this did not fall more than 12% (currently).

Good luck with getting your 'core customers' back in your stores. This may go below 500p in the coming weeks.

Headwind plus very very poor decisions. Wasted a hell lot of capital in store renovations and deadly mistake to pivot away your core fashion business.

- One of those who dodged the bullet.

Here you have Unilever immune to the election of the new government.

A strong Pound may pound the dividend as is it stated in Euro and converted to GBP (that is if GBP gets stronger)

Sold today as the London Exchange and AIM are rubbish with some stocks. Despite previous highs, Water int. may turn into one of those unloved stocks, of the likes of Somero.

I would't be surprised if they delist. Listing a company in London is simply masochistic (just like investing).

Is the AGM today?

This will drop further if tomorrow update is aligned to Nike's forecast

Saying "the prices of many assets such as shares and bonds have gone up" is laughable. The FTSE100 has been underperforming for too long, this is just a blip in a long lacustre period. I am curious to know what the BoE thinks about the SP500

Apparently for the BoE the FTSE100 is due a correction, with asset valuation overstretched. I thought the exact opposite.

Here is the link:

https://www.msn.com/en-gb/money/other/be-prepared-for-a-ftse-100-correction-says-the-bank-of-england/ar-BB1pg0Ak?ocid=entnewsntp&pc=DCTS&cvid=37e44311482d4d07a6a60b78dc60622d&ei=9

Hopefully it gets to the final!

Does anyone know the breakdown of revenue by brand?

Thanks TheTrotsky

Lol I bought for 500p as the yield is too good to ignore, I can easily offset losses with such a high dividend. I guess retail investors would be more comfortable/less suspicious with a high price, but institutions must know more than a common person knows about valuing a company. They are the main drivers of share price movements.

My position is small, I'd add more but I was wondering if anyone knows any cause of concern.

Should I be suspicious about the high dividend yield, if the dividend was secure/forecasted to be well covered, I would expect a higher share price and a lower % dividend, 5-7%. What's putting investors off?

I was quite lucky with this. In a few months, bought below 300p, sold just over 400p, back in at 355p and now sold at about 415p. My second purchase didn't compound as I reinvested a smaller amount.

Been too many times in a position where I deemed the stock undervalued and held too long while in profit, to then go back into losses. JD sports is a primary example. Bought it long time ago around 145p and held it through the peaks to now end up stuck in a low.

Does JD provide a trading update with the AGM (which is scheduled for the 4th of July)?

Does Burberry primarily sell in store or online?

Nike market cap is still way too high, of a growth stock which Nike is not.

Nike wiped a chunk of its market cap equal to 5x JD current valuation. Crazy!

What's wrong with Unilever in these days? Why the drop?

ULVR... never a joy since 2021 (when I bought my first tranche).

The sportswear giant's strategy to sell its products through its own stores and website instead of wholesales like Foot Locker hurt sales, Reuters said.

JD should benefit from a fail of the direct to consumer nonsense.

Interest rates will eventually come down but not as much as we hope. Assura will take the hit, higher interest cost in a few years. At least £20mln pounds extra in interest expenses imv.

5 REDUCTION IN AVAILABILITY AND/OR INCREASE IN COST OF FINANC

RISK

A reduction in available financing could adversely affect the Group’s ability to source new funding and refinance existing facilities. This could delay or prevent the development of new premises. Increasing financing costs could increase the overall cost of debt to the Group and so reduce underlying profits.

In their risk assessment I don't see a clear strategy (e.g., pay down debt, rebase the dividend, etc.). It seems we are in to take the hit. That's already reflected in the share price.

MITIGATE

The Group actively engages with a range of funders to ensure a breadth of funder and maturity profiles. We continue to explore financing options with other lenders as well as maintaining strong relationships with existing lenders

COMMENT

Current market conditions have meant that capital markets are more volatile and debt is more expensive. However, all drawn debt has fixed interest (average 2.3%) with long maturity (weighted average 7.0 years) and Fitch Ratings have

affirmed our A- rating with a stable outlook. As at the year end, cash and undrawn facilities stood at £243 million.

43p but I have a small position (£4K)

Donkey Starmer hasn't won the election. Promising to bring economic growth is not the same of actually bringing economic growth. Besides about half of the revenue comes from the US (no Starmer there to save us), which is badly battered by inflation, Future has lost significant business in the US recently.

There is room for further weakness based on forward PE (lots of uncertainty there), but on current PE is cheap.