Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Valueplay - "Will be another disappointing results release tomorrow imo. Further basket size shrinkage at Ocado retail. Lower market share. More losses" - no problem to have an opinion Valueplay but just man up and come back on here and tell everyone you got it wrong, badly wrong
gla dyor etc
Managed to buy back half the stock I sold for slightly less so a profit on the short and big profit now on the hold - good solid numbers here - any potential bidder had better put their hat in the ring now as it is going to go higher imo - shorts indicating this by closing as Chilting points out -
gla dyor etc
Basket size increased at Ocado - augurs well for MKS today, think we may go past 2 quid - lets see
gla dyor etc
Quantas - "Wow that was a huge mistake hammering up shorts closing." - not all shorts closing, still a heavy amount of shorts retaining their positions - by selling half my stock now for a profit I retain the other half so in the event of a sell off on Tuesday I can buy back the half sold and make a profit on the short buy back - if the share rallies on Tuesday I make the gains on the half stock held - that is simple hedge trading, not that I trade as such I invest long term on most of my stocks but this stock is volatile so I have made an exception here.
dyor etc
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 -
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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