Member Info for Carrington

Barclays raises Rolls-Royce to 'overweight' (equal weight) - price target 270 (239) pence - nice start to the day - a blue one me thinks

gla dyor etc

"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

gla dyor etc

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

gla dyor etc

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

gla dyor etc

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

gla dyor etc

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

gla dyor etc

"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

Wow that was an absolute shocker - I didn't see that coming tbh - the management have screwed it up good style - had to take the loss on the chin, when there is this much bad news it is hard to tell when the fall in the share price will end

gla

Terrific results from Easyjet this morning, airlines doing well usually creates a favourable response for RR. - alongside decent UK GDP announced this morning, should be a good day here, lets see

gla dyor etc

From Kantar this morning - "It was also a more positive period for Ocado Retail, an online grocery joint venture between Ocado Group PLC and Marks & Spencer Group PLC. Sales rose 9.6%, as its market share edged up to 1.7% from 1.6%."

John Lewis must be ruing the day it gave up on Ocado - these figures augur well for Ocado and Marks in the run up to Christmas

gla dyor etc

Agree Badland - my old Dad used to say "there is never an ill wind that doesn't blow some good" - nobody wants to make money on the back of someone else's misery and my heart goes out to those in Isreal and Ukraine - we must all be grateful for the life we have in the UK

gl