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Tesco shares have been shorted to a level beyond most expectations, at the current price it's just as risky having a short position, therefore it's highly likely traders are starting to take Long positions as the weeks go on. Morrison's as well, has fallen considerably, but also note they have a 6% short position against them still. Ocado another one too watch has 4% short position against them. It's an industry wide issue, not just JS
Leonasdad - I have no idea where you are getting your information from, but quoting a prediction for Tesco's market Cap to equate to a valuation of £700,000 is beyond ridiculous, and quite laughable.. Despite the recent troubles in falling sales, market share and profitability they still own a sizeable market share equating to 28%.. I have a lot of confidence in the new CEO - Yes, it's going to be a while for a turnaround, but they are addressing they key issues and after he has set out a clear strategy and share with the wider market, this will only have a positive impact to the current SP. The current book value of Tesco assets is very sizeable, the secondary businesses outside the grocery market are valuable and they are still the UK number 1 retailer, therefore please stop writing nonsense in your posts. Traders value a company on both book value, assets, future growth expectations, profitability and speculation... it's not just a number, its the combination of allocated shares x market price based on the principles I've outlined. Anyway, this is a JS BB and the current Short positions equating to 11% is quite considerable, especially given most of the companies behind the shorting are hedge funds. My expectation is that they are unsure on 3 things, as Xmas trade picks up, how strong competitions within the market is going to impact margins and of course profitability. Secondly, given the recent accounting issue with Tesco, whether this is a grocery wide issue and JS may have similar issues. Thirdly, overall concerns surrounding the retail industry as a whole.
I think the company understand they have strong competitors, but by addressing their supply side model and investing in growth has had an impact on underlining profit and margins. To shareholders this isn't what they want to hear, but honestly I think Asos are well placed to challenge competitors and create some serious growth in the next 3 years. I think this share has massice upside and limited downside. If I was to put a support line on the share price it would be £30, moved up from my previous £25. However, I think in 3 years we will be seeing £50+
Haha maybe. My theory is that this may drop to below 2500, at that price i'll stockpile.
A lot of money currently tied up in blnx with an average of £1.05. But I am looking to get into Asos over next few months, just hope it stays this price so I can join.
Not currently invested here, but been watching the share price recently. What I can say, that at this price ASOS seems undervalued. They have a strong business model and are a growing company, investing in their supply side and operational model is because they are looking at a 5 year business plan. Costs have increased, but would you not rather ASOS be set up for expansion that drive profits in the future, than have a short term gain and depreciate over the coming years. I wouldn't have the expectation of months for a turnaround, however this would be a great price to get in and although I'm looking 2 years+, I wouldn't be suprise to hit 70's again.
https://uk.news.yahoo.com/super-strong-graphene-achilles-heel-153518645.html#xdewhLr Not so good for Graphene producers, Cientifca may be lucky as it's consultancy based..
Visited Cientifica's stand and spoke to their representative who came across as very knowledgeable and had a great understanding in the current Graphene Market. Was aware that their hasn't been many updates on current progress, but mentioned that there is a lot in the pipework and to keep an eye on their share news. They were keen to state that they were not going to move into the 'Graphene production business' by this I mean making products using Graphene Technology. Instead they wanted to remain a consultancy business because as the Graphene industry becomes competitive and the value of Graphene use depreciates, they will be able to maintain their monetary value for the service they offer. This sounds very sensible and given the experience and knowledge that the board have on the Graphene Industry, I remain very hopeful with this company. Given the recent news about investment in Graphene they mentioned the rise in companies entering this market has vastly increased and they can capitalise on this by offering their services. Look forward to watching this company in the up coming weeks/months.
This is going to rise today at that SP.
This share will move when their trade show meeting details are published. The App technology they have produced is in a trending market, therefore in demand. I can see this share growing to 8-10p within the next 2 months...
Lots of buys coming in. 2p+ today?