Member Info for AllAtSea

..cheap, says Liberum.

"‘We continue to see Wickes as one of the best ways to play the UK RMI trade,’ he said.

‘Trading on a current-year 2021 price-to-earnings ratio of sub-10x, the shares remain far too cheap for the high-quality growth, profit momentum and strong cash generation on offer.’"

https://citywire.co.uk/funds-insider/news/expert-view-aveva-bloomsbury-strix-wickes-and-on-the-beach/a1574146?ref=citywire-money-latest-news-list#i=5

Bought in before XDD. Our local store has just been well refitted and the footfall is very encouraging. By all appearances the supply chain seems to be holding up. A bit of foresight kicked in there:

https://corporate.dunelm.com/discover-us/building-our-supply-chain-for-the-future-in-stoke-on-trent/

I am hoping for a dip. I have cash waiting.

"Seem to remember folks sold their M&G shares and bought more PRU .. so the former went down and PRU went up.....initially"

I never made much money owning the PRU and sold it just before the split. I then bought MNG after at 90p a share. MNG has made me a lot of profit since then.

With GSK I am in too deep to sell all at this price unless I was really pessimistic, but I'm not.

“SEGRO to build UK's first multi-storey urban logistics unit”

https://www.shdlogistics.com/property/segro-build-uks-first-multi-storey-urban-logistics-unit

Onwards and upwards..

Lack of Lorries, I guess.

Bought quite a large slice this morning with profits from elsewhere - when one sp has gone up, sell and buy one that's down. Sometimes it works.

Bought a few more this morning. Although JP Morgan had a target price of 170 yesterday FWIW. Brokers targets never have a time scale - does any one know where their horizon is? And they can change their minds like the wind.

DIvi for me. Buy-backs seem a lazy way to do business. Management should be capable of making the cash work and produce profits thereby boosting the company value. Simply buying back shares lets them off that hook.

The British have always distrusted inventors and innovators. We have had brilliant minds coming up with new ways of doing things and all to often their ideas have had to be funded by overseas investors who then reap the reward and leave British companies trailing in their wake, stuck in their traditional ways. We despise clever people (a.k.a. 'experts!)

At this price it seemed worth a punt. Many of the factors forecast to hit AO. will affect others but the market seems to have picked on AO. Other than that I think I will have to sit on my hands.

“Veteran US activist Nelson Peltz has been named as one of those who may pressure the board to break up the business.

Peltz recently made more than $1 billion (£730million) after a campaign against Unilever rival Procter & Gamble.”

https://www.thisismoney.co.uk/money/markets/article-10028459/Unilever-adds-2bn-value-week.html

“Activist Bluebell takes stake in GlaxoSmithKline to push for change at top
Hedge fund is pushing for chief executive Emma Walmsley to reapply for her job“

“In a letter to GSK’s chair Sir Jonathan Symonds on Wednesday, Bluebell demanded the company immediately launch a “thorough and robust process” to find a leader for the drug and vaccine maker, after a spin-off of its consumer health division next year. It also said the board needed more scientific experience.

London-based Bluebell manages a tiny €100m compared with the $48bn in assets at Elliott Management, but made waves this year after running a campaign that toppled the chief executive of French food group Danone. Its stake in GSK is about €10m.”

https://amp.ft.com/content/539c077d-6ac2-4e79-9e0f-8080a31c5530

We used to have a great Wickes, good layout, plenty of stock, well situated, good staff. A few years ago they moved it next to Travis Perkins, MKM, Jewsons and similar. It's poorly laid out and a lot smaller, obviously a cost-cutting move. Still busy and better than the nearby B&Q which also too small but has to cram in its bigger range.

“BlackRock and HSBC funds boosted Evergrande holdings as crisis loomed”

https://amp.ft.com/content/87fddf09-ef69-49b3-87bc-1a2d84fffd91

As far as I can find Av. is very unlikely to have such exposure thanks to its lack of interest in Asian business generally.

“SEGRO has been named as the development partner for a plannned £300m food production and manufacturing facility near Derby.“

https://www.constructionenquirer.com/2021/09/21/segro-to-start-300m-derby-food-production-hub/

Many AV. holders have been in the stock for years, like me. Last year I dumped the lot and used Covid volatility to recoup my losses. Now I am a holder again because on paper it's a no-brainer. If AV. can't make a go of it from where they are today then we'll know there's something very fishy about the company.

Nuri, I hope you are wrong as I just bought a stash for 3.90801. Falling knife? Maybe..

Quite a moderate reaction. Some priced in already?

That's an excellent question! But since the Evergrande fiasco has gone global I think the answer is that every one does. If the Chinese govt steps in then not so bad but it seems unlikely they will because that will send the wrong message to other profligate Chinese companies. Chinese economic slow dow is invevitable it's just the degree that's crucial. When the Chinese economy slows the knock on is of course global. Worst case - it's Chinese Lehmann Bros.

https://www.forbes.com/sites/russellflannery/2021/09/20/hong-kong-stocks-drop-as-evergrande-rout-deepens-property-banks-plunge-as-contagion-spreads/?sh=48786a424450