Member Info for Carrington

Decided to sell half my holding here first thing this morning at 609p for a 20pct profit - wait and see what happens now on Tuesday with the results

gla dyor etc

A word to the wise - The key figures with MCG from a macro economic point of view will be at 7am on the 19th July when the UK Inflation figures drop - the shorts are playing the macro economic card for all it is worth atm - it has backfired today with the US figures - if and it is a big if UK inflation comes in better than expected on the 19th I expect a big uplift here and with other beaten down UK stocks - put the date in your diary guys

gla dyor etc

US inflation figures just dropped and better than expected - UK stocks should get a lift from this, lets see

gla dyor etc

I have to say I am rather glad I held onto my recent buy here, - I think the narrative has changed somewhat on Ocado - the short positions have dropped quite dramatically over the last few days, now at 4.75pct - the Ocado model is the way forward in terms of home delivery no question - that is why Kroger have continued their expansion in the states - supermarkets that deliver without robots have to pay their employees to do this, as well as give them holidays, sick pay and inflation busting rises - last time I heard the robots weren't asking for a pay rise - these costs eat into margins - it is no coincidence that Marks and Spencer is the fasting growing food retailer after the budget brigade which they do not compete against anyway - Ocado is helping to facilitate this - Ocado patents are also watertight as Autostore have found out to their cost numerous times so it would be extremely difficult for their model to be replicated - so I don't think a potential takeover of Ocado is just hot air I think it is real and will happen, it is just a question of when and how much is paid - I am looking to triple bag here so around £14.40 will do for me

gla dyor etc

Decided to add some at 95.4p - savage market reaction today but inflation is heading downwards and rates will follow - the market will wake up this eventually asmarkets are forward looking - most analysts predicting December for the peak in interest rates - I am happy to wait it out - as Buffet said when people are fearful be greedy

gla dyor etc

As of cob on Friday MKS were in automatic FTSE promotion place at 97 - the cut of point for assessment is the 18th Aug - MKS will go well above 2 quid imo if it gets promoted as funds will automatically be buying in - looking good boys and girls

gla dyor etc

http://www.stockchallenge.co.uk/ftse.php

Delta Airlines raises guidance this morning - should auger well on sentiment for AIG

gla dyor etc

https://www.marketwatch.com/story/delta-air-lines-raises-guidance-for-2023-and-reiterates-2024-targets-ahead-of-investor-day-23b4ca0a

From NIQ report today - "Marks & Spencer's sales rose 15.4%, keeping its spot as the fastest growing after the discounters"

That is techno speak for fill your boots - poor old Sharon White at Waitrose must be close to calling it a day.

gla dyor etc

UBS cuts BT Group to 'sell' (neutral) - price target 120 (146) pence -

Perma bear Polo Tang at it again - I added this morning at 123.9p

gla dyor etc

Better than forecast retail sales numbers out this morning - hopefully this will augur well for MKS today, barring any macro-economic issues overriding that is - lets see

gla dyor etc

https://www.forexlive.com/news/uk-may-retail-sales-03-vs-02-mm-expected-20230623/

Report out this morning re Online Grocery market in the US - That should help concentrate the minds of potential buyers -740.88B - that is a hell of a number - hoping to see a bidding war here - lets see how it plays out

gla dyor etc

https://www.benzinga.com/pressreleases/23/06/n32979649/the-online-grocery-market-to-grow-by-usd-740-88-billion-from-2022-to-2027-the-rapid-growth-in-e-co

More rail strikes announced - how many of these people who use buses/coaches will go back to trains? - if there is a recession people will be cutting costs accordingly, buses far cheaper than trains last time I looked plus they run on time and you are guaranteed a seat -

gla dyor etc

https://inews.co.uk/news/july-train-strikes-announced-rmt-2429895

Added some more this morning at 101p - this is one of many shares on the UK market that are ridiculously priced imo - Ocado was another and that has soared this morning on bid speculation - fortunately I have a stake in Ocado but held for over a year - sometimes you just have to be patient - happy to keep waiting here for either recovery or takeover, either way it is a possible double bagger.

gla dyor etc

The huge upllift for Ocado today should push MKS higher - lets see

gla dyor etc

Showing up 20pct now on IG - surely some shorts must have capitulated - these are colossal losses for them mounting up -

gla dyor etc

At last some good news on an otherwise crappy day - I have said in posts on here before that this may be a target at some point if it keeps falling and it has proved to be the case - I hope the shorts get a bloody nose - bring it on

gla dyor etc

Unfortunately this will tank some more today along with most other UK stocks on the back of that inflation number

gla dyor etc

NEX is easy meat for the shorts to feast on short term - sentiment is against NEX with interest rates rising, inflation still not falling at the required rate, the war etc etc - the shorts will have to cover their positions in the lead up to the NEX results however at the end of July which will imo be good - RR. shorts got massacred when they held their positions and the results went against them - I expect NEX to keep testing 110p maybe even the 105p bottom level on the 30th May over the next few weeks but then rise on the lead up to results - lets see

gla dyor etc

Gengis "NEX is a global company in the FT250, which is dominated by companies that address the UK market.. Its similar to some of the larger corps in the FT100 :-)" - yes I am aware it is a global company, one of the reasons I have invested in it as it spreads risk - not sure of the point you are trying to make - inflation, interest rates etc are macro economics that currently affect ALL countries that NEX has a presence in - the US are ahead in terms of controlling inflation/interest rates compared to Europe/UK , which will hopefully auger well for the NEX market in the US going forward, with inflation falling and with interest rates being closer to a peak over there - this can be seen with more market commentators in the US predicting the start of a new bull run - will have to see how it plays out

gl dyor etc

Pogo001 - You need to read my previous posts - I have been a supporter and am currently a supporter of ITV - I just dont like a company with very little liquidity making themselves more iliquid - next time you post on here about someone find out what they have actually been posting otherwise you make yourself look like an idiot

gl dyor etc