RE: nt28 Jul 2022 12:31
he hasnt updated all his trades on his website for years .
heres excerpts from his
5th may newsletter
I shorted Card Factory. Can't understand why it went up after the statement and looks
like a business in continual decline.
Indeed if you remember last time I said Joules, Superdry and Card were all empty and devoid
of much anyone really wanted to buy when I went to Windsor and am short of all three.
Big profits now at the Joules short, more in a mo on that.
Card Factory's report came with a lot of guff about how well it'll do by 2026 but I ignored all that
and tried to find the net debt. Which was very hard!
It was all hidden miles down near the end of a very long statement helpfully found by my highlighter
system - see naked trader 5 on how to run the highlighter.
Total debt is a staggering £263m. Talking out lease liabilities it is still a massive £107m.
Given profits of £11m this has a long way to go to be a company worth much.
from his 25th july newletter :
I'm tempted to add to the short in Card Factory. Might be ok if it was an online business but no-one really shops much for cards anymore and the youth of today have given up on Xmas cards.
I sat opposite a store yesterday at peak time while waiting for the mrs to get her nails done.
Not a single sale with two staff on their phones with nothing to do.
It has a horrendous debt and if you add the lease liabilities a crazily
high one compared to profits.
The head cheese is leaving, doesn't look like a happy leaving either and you wonder if something isn't right there.
The big question is: will he get a leaving card .. sent via Moonpig
what do you mean ive never posted before? are you saying people many only post once the day a share is listed? that people may not discuss or inveat in a share unless its brand new to the market ?
I did have va short position opened at 62 but my stops closed it at 52 last week as part of risk management, and a made a nice little profit.
as im sure your aware if goijf long its prudent to enter on dip, if the markets having a bad day. when going short its preferable to buy on a spike without newsflow , it limits losses in case of a mistake.
So in summary no it is not me "smoking"
*you are incorrect about the naked trader
* im not short currently as a stop loss fired and im waiting for a spike to re enter : basic risk management.
* my posts are negative as the data shows such.
please provide some data that counteracts the negative data . id rather listen to others point of view and be wrong than lose money
from your previous post i do not believe you have learnt that lesson yet.
yourbthebone acting negative instead of attempting to belittle those with data and opinions that dont suit you as a holder. bring some postive fscts to the table. explain to me data made you choose to to buy at the price you did,( what price and when was that ?) and what reasons you still con