Member Info for booboobooboo

If its true that online consumer trends have been accelerated as a result of Covid-19 , last Septembers £750M joint venture deal with Ocado is starting to look 40% discounted .

"It will close between 78-82p.....Dyor etc"

"8p left to go.
Once sub 80p and I get few....cheers"

"I think the next result will be very bad. Food & Clothing, then the sp
Will suffer badly, gut feeling, we could see sub 70p....
I am watching on the hope to buy at 70-80p range, will
Add in drips whenever (IF) the sp is lower than 80p.
Please DYOR...ALL IMHO."

LOL

Why LOL?

Because your posts make me laugh!

94p now .

Level 2 ...... 93p and rising ..... I think you might have missed your boat son...

LOL

That Mail on Sunday tipster has a lot to answer for too...DOW Futures up over 1% so far today.I'm looking forward to seeing yet another M&S surge above 97p this afternoon .

"The Ocado joint venture relationship is an integral part of our strategy to bring M&S Food into the online and home delivery market which we expect to be even more vibrant as a result of the crisis. Since the formation of the joint venture Ocado Retail has performed strongly and following lockdown, revenue in its most recently reported 9 weeks to 3 May was up 40.4%."

Its starting to look like it was M&S that bagged themselves a buy one get one free bargain when it bought 50% of Ocado only 6 months ago.

Yes we sell shorts TOO!

2nd pair at half price !

Its incredibly volatile ATM with huge daily swings .All easy to ignore provided you can stay focused on the bigger picture .Today we have been able to pick up shares at half the placing price that took place only 6 months ago .

A £1B loan facility with the covenant affectively removed is another massive plus here.

But lets face it , its all about Ocado , Waitrose have scored an own goal there IMO.

Share be alright , I think the biggest gamble is to not be in and to be sitting on the side lines hoping things will get worse while you miss the boat.

https://www.ii.co.uk/analysis-commentary/stockwatch-ms-shares-available-big-discount-ii511625

Lots of positive feedback by the CEO regarding the September transition from Waitress to M&S at this weeks AGM Ocado meeting might explain the rise .

Its all about tier 1 ratios and we have loads of it ,I can see us tripling from here if you can wait 2 years.

Agreed I think there are hiding the facts with the endorsement I suspect of the BoE.

In the same way the BoE helped cover up Nationwides issues during the CC but came clean later.

The quarterly trading statement didn't resemble the other banks trading updates last week.

The lack of tier 1 ratio figures, impairment costs etc didn't get a mention. and for good reason I would imagine .

Much better than Lloyds but obviously not as good as Barclays but clearly the bank is not in any trouble now or in the future with a tier one ration of 16.9%.Hard to believe but in the last crisis we bottomed at 10.5p (£1.05 in new money) with a CET1 of in those days of 3% .Very different story today , you can now buy RBS at nearly the same distressed price as ten years ago but at a fraction of the risk.

Note: RBS peak average over the last 5 years is around £3, Lloy 65p and Barc £2.20 meaning RBS offers the best returns .

But thats the plan and has always been the plan , a Marshall type plan that we are all going to have to contribute to though taxes over the years in the interests of everyone .

It worked post WW2 and it will work this time too and is exactly the reason why the SP here is going to keep on rising .

Interestingly BARC profits doubling , assuming that wasn't all attributed to currency suggested we were at the beginning of a boom before this virus took hold.

Before the impact of the £2.1bn provision, Barclays £3bn profit represents a strong increase on last year and will stoke investor optimism Barclays were in good shape going into the crisis.

SW10000 You have raised a really good point there and I am surprised others haven't picked up on it.The SP went against the grain in a positive way today when the rest of the bank sector got weighed down .But the SP/chart has been spring loaded for a couple of weeks now , it shoot up 13.75% in the first 30 mins of trading the other day .I think something happening and its slowly leaking out .I wouldn't be surprise if RBS is part of that story or may be its just a short being closed?

Math, sorry meant Dyspastic and yes you are one too...

Why would they pay a 5p div followed by a RI as a utilities company?

Math

“I expect the div to be cut, but no capital raise.“

Me too. I’m predicting the dividend will be cut to 5p. This would give BT in excess of £1 billion to spend on infrastructure/reinvestment.

Judging on BT’s trading figures next month, the market should get a better idea if a rights issue is in the pipeline.

Toff = Dyspastic

NDNIC00

When the stock market goes down so does BT's pension deficit ,in the same way when it goes up the deficit is reduced eventually back to zero.