Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"If you are not holding a stock, why would you be bothered what it does, or does not do."
Nail banged on the head! Probably holds them and bought at too high a price and has a paper loss, or might have sold them making a nasty loss.
MRW's latest trading figures yoy aren't exactly encouraging.
If anyone takes them over they will still have to compete with the discounters, and we all know who have been winning that battle over the past decade and more. Food retailing in the UK is not the same as in the US as Walmart found out after they bought ASDA and have now been trying to get rid for the past few years. And in any case why would the CMA approve a bid from Amazon, about the most anti-competitive company on the planet.
https://www.standard.co.uk/business/leisure-retail/morrisons-takeover-kantar-b941904.html
"There have been rumours about Morrisson being bought for years, nothinh has happend. Do not invest based on this."
Absolutely this! People are already assuming a bid has been made. It hasn't. The vast majority of times these stories are put about nothing comes of it. When bids do happen as a rule they are announced out of the blue.
At last beginning to show a decent profit on GNC. At one point I did not believe I'd ever break even, at best for a couple of years later if I was lucky, but then at the time a vaccine was barely on the horizon. A full dividend restatement would send these flying, but realistically that's not going to happen this year or even next.
MRW's under-performance has little to do with shorting. You only have to compare it to Tesco over the past 12 months to see that Tesco's sp has fared even worse, and there are barely any shorts in that stock. The food retailers simply continue to be out of favour, certainly one of the worst performing sectors for 2 years running. Until recently banks had been about the worst for years. MRW's colossal debt mountain of £2.8bn doesn't exactly help sentiment either.
https://imgur.com/a/jLnFcPh
". . .we have had rising cases but minimal deaths in comparison to earlier this year."
The reason we appear to have fewer Covid deaths in relation to number of infections, compared to 6 months ago is down to the amount of testing. Last March/April when deaths last peaked, about the only testing being done was confined to hospital admissions and key workers. Since then the number of tests have vastly increased, so naturally a lot more positive cases have been discovered since. It doesn't correlate that Covid is killing fewer people.
'10 directors bought a load in the placing in May all at £2.30p.' Then 10 directors made a mistake, not that it will hurt them too much as they're probably all multi-millionaires anyway.
' Return to the ftse within a year and we’ll be heading to 3.00 and beyond.'
Aw man! There's optimism, then there's complete delusion. They'll be very lucky to get anywhere near 2.00 within a year. FYI eps is forecast to crash by 55% for 2021. That will be 6 straight years of declining eps, with stagnant or falling turnover and no recovery in sight.
The market is getting nervous with the impending retirement of Dave Lewis in October, the guy that rescued Tesco from near disaster 5 years ago, and now the retirement of the CFO announced today. Will idiots be replacing them and screw up the company once again?
It would be highly unlikely they would drop to 170 unless they're hiding some skeleton in the cupboard. I've always found MGAM to be an honestly run company. Bear in mind that divs have been scrapped for this year and possibly for next year too.
News out today and as expected it's bad. PTP for 6 months down 17.5%. Final div scrapped, also interim for next year. They said their business is stabilising, but one doesn't know if that's a BS statement just designed to calm things. Hopefully things don't get a lot worse.
It's hardly a bargain if the oil price continues to fall. This is largely down to what the Saudis and Russia have cooked up, not just Covid-19.
With the oil price at the level it is now ($31) BP are barely making ends meet, and the oil price is destined to go sub $30. So no, you'd be daft to buy now.
COST used to be run well for many years. Now it seems the management have screwed up big-time in more ways than one. No excuses as BBY also reporting today had very good results. Very bad start for newish CEO Alec Vaughan.