Member Info for Beo1

Fears of global inflation and recession due to reciprocal tariffs

If you bought 10 Shares at £1, your avg cost is £1, you 5 of those shares for £2, you realise a gain on those 5 shares of £1 each, so £5.

The shares drop to £ and you use your £10 to buy £10. You average cost is still £1 (5 shares at £1 + 10 shares are £1 = 15 shares for £15 = £1 avg cost). You can't fictionally create a negative cost, you have realised gains and unrealised gains. you can't throw one into the other. The tax man would crucify you for that way of accounting. As you pushing realised gains (taxable) into unrealised gains (non taxable - for now!)

I'm not saying to not add and trim, I'm saying the way you are accounting for them is incorrect.

I shouldn't bite but can't resist. You can't get the average cost to £zero, unless you get them for £zero. Taking Realised gains against the original cost value to create a £zero position is just bad accounting. You have a true cost value and you have realised gains, muddying the 2 and claiming you have a £zero cost price from it is just misleading

🤡🤡🤡🤡🤡🤡🤡🤡

Doesn't the strike price indicate a sale!

Oh No! Does that mean all the moaning from you when it doesn't happen

This aged well! 🤡🤡🤡🤡🤡🤡🤡

Mmm, looks like rate of decline in retail increased compared to that in the H1 results that could be badly received, but you could argue that was priced in with all the retail sector drops we have seen. To maintain guidance is good though, but I've seen better updates punished, so I'm worried.

Or to put it another way, are you able to share what % was bought recently. Not trying to disprove but interest in how much they bought most recently

69.35

Seems the price increase was in part driven by the new 5% owner.

Unfortunately a large part of their demographic are the type of customer who refuse to use self service. EG Older!

Assuming H2 is similar to H1 then what's changed is net debt down from 32b to 26b. the PE trading at 8-8.5. With a further reduction in shares of 10% to push that PE further down. UK Merger passed in that time frame too. I believe once we start seeing the Earnings Reports of NewCo, it will translate to better ROCE and FCF and that will help the SP

Do you feel like you got the 1.5b of shareholder return so far?

Really struggle with the broker prices at time. Yes I understand the maths behind the drop, but how can they then say the SP is that low.

Not saying M&S is the benchmark, but 7.7b mkt cap on 800m pbt. Yet we are 4.3b mkt cap on 900m pbt. Both are going through good growth, m&s being more organic, but in a lower margin environment for a big chunk (food) and only UK, yet JD are materially below that value even at the previous broker price.

where's your ******ed speech gs? you sound normal here, not like the imbecile you sound like on vod

Im guessing more sells than buys down over 2% already, this is painful at the moment.

915m on a normalised basis, x75% =686m PAT

4.2b market cap/ 686m PAT = PE of 6.2 on a normalised basis.

Including one offs such as acquisition fees and movements in puts and calls normalised basis

No hes not

Its the panama canal he's spouting off about

Why entertain him? He was on a wind up, he has no long interest here!