Member Info for bendipa1

"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.

Think you'll be rather lucky to see 4800 by July. ULVR sp still fundamentally weak, and having difficulty staying above 4000, but we'll see.

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

There isn't any news, certainly no RNS news regarding active share buying. Some people just like to voice their speculation in the forlorn hope that it will get others to panic buy. Quite laughable really.

There's about as much chance of a takeover as travelling to Mars by pogo stick.

". . .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.

Here.
https://www.sharecast.com/equity/Marks_Spencer_Group

' 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.

Don't think it's panic in this case. The BoD have royally screwed this company from the moment it went public well before Corona. Yet another case of a company run by individuals who shouldn't have been let near a directorship. Sadly this is becoming increasingly common with British companies.

I think you guys might be underestimating the substantial life assurance payouts if a lot of people were to snuff it if a serious pandemic occurs here. Not saying that will necessarily happen, but a definite possibility considering how ill equipped the NHS would be to deal with such a situation, which increases that risk.

It's unlikely to drop anything like as far (160p). That was a shock scenario then with the ref. result. A lot of gloom and doom is already in the sp and it offers good value now.

They can be legally bound. Doesn't mean the company won't disregard the law or regulations. Too many big-name examples of this in recent times, CLLN being 1 classic example, BBY another back in 2012, which led to the resignation of CEO and Chairman, Tesco , HSBC, BARC. . .need I go on?

Clearly COST has some big skeleton to fall out the cupboard which so far they're keeping tight-lipped about. Insiders already have wind of it. The sp has crashed by 2/3 over the past year. It's not a co-incidence.

We saw the same thing happen in recent times with IRV, KIER, CLLN etc. Management deny there's anything wrong at first, then eventually they're forced to come clean. No difference in this case.