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Toffee - I said in my email on the 27th that Next will be a good guideline in terms of if recent clothing sales have been impacted by unseasonably warm weather, - this appears not to be the case so MKS ticking up on the back of this - I added to my holding here at 216p in anticipation of the shares being bought back before results day on the 8th - fingers crossed this will play out
gl dyor etc
Decided to buy a tranche here yesterday at 98.5p - the results were exceptionally good imo a few weeks ago, and the shares have pulled back from a 115p high - trading update on the 16th Nov - I think the shares will be bought back ahead of this in anticipation of a good update -lets see
gla dyor etc
Nettles - to raise the target price to 270p which is over 20pct more than the current share price is a pretty big call from Barclays with around 4 weeks to go before the RR Capital Markets Day - they are either very very confident going forward or are privvy to information we are not - either way I will not be selling a penny of my holding here
gla dyor etc
Added this morning at 76.2p
gla dyor etc
Barclays raises Rolls-Royce to 'overweight' (equal weight) - price target 270 (239) pence - nice start to the day - a blue one me thinks
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"H1 FY24 results are due in next Thursday and BT has a tendency to drop on results day. Does anyone have any thoughts on price action for the upcoming results day?" - Fleccy - personally I think it will drop regardless of its perceived value - if you look at recent statements from companies, the latest being IAG today - they are being hammered down on the macro economic backdrop - this will continue imo - I sold half my stock here a few weeks ago in anticipation of this and have done the same with other holdings - with the objective being to add shares back at a lower price at some point after the results have been announced - gl dyor etc
The only fly in the ointment for Marks could be recent clothes trading - the unseasonably mild weather may well have stalled sales a little - Next have a trading update on the 1st Nov so this will be a guideline
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It is going to be good JJ very good imo - Marks changed their clothing fortunes by taking on concessions and placing them right next to Marks clothing in their shops - Hobbs, White Stuff etc are far more expensive but not a lot of difference in quality - customers have recognised this and it has been reflected in Marks market share - a master stroke from Archie Norman - they have also taken market share in food from Waitrose who are floundering under the numbscull that is Sharon White - I have added to my holding recently and am looking forward to the 8th November
gl dyor etc
In Feb 2023 — Analysts at Citigroup said ITV Studios could be worth roughly £3 billion - the current MCAP of ITV is now around 2.5B - I have added to my holding today at 62.4p - if the value is not realised by an improvement in company performance it will be realised by a takeover - potential suitors will not stand by if this keeps falling
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Added more to my holding this morning at 60.5p - looking at the overall enterprise value of NEX it looks like ALSA and the UK Coach service is being valued at zero which cannot be right - either this goes up or gets taken out imho
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Added at 376.5 - tend to agree with Avocet here - plenty of money about in the demographic that fly - MKS is proof of this as their sales continue to go through the roof - the demographic still have plenty of money and people with money will continue to fly - will continue to add if this falls further -
gla dyor et
Added at 61.3p
gla dyor etc
The colder weather returning will help MKS big style - cashmere flying off the shelves there atm - they open up their mega store in Lakeside on the 15th Dec - it is the whole of the former Debenhams store - I have been told by people in the know that it is absolutely spectacular - just in time for Christmas - results in a couple of weeks boys - looking forward to it
gla dyor etc
Added to my holding here today at 216.5p
gla dyor etc
Just added at 397p - shorts reduced over last 48 hours from 1.2pct to 0.67pct - EZJ is in play as a takeover target at this price imo
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https://www.shorttracker.co.uk/company/GB00B7KR2P84/
I have just bought back a small amount of some of the shares I sold earlier for 60p - the share is now trading at half of the price it was just after covid was announced when it bombed to 133p - there has been heavy buying below 60p which I am assuming is shorts closing positions - lets see
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"MCG is not in distress. If it was the the Euro Bond would have been sold under a false prospectus" - Euro Bond sold before the results were announced - the results have put MCG in distress, - as Poker points out they are now forced sellers - THAT IS Distress
The problem with the sale now is that any purchaser knows MCG is in distress so what price will they pay - not a lot imo - that is why I took the loss on the chin and got out - gross mismanagement has played out here on a grand scale - this could end up as a fire sale
Touched 60p a few minutes ago - jesus
Bought at 417p
gla dyor etc