Well I made little bit on money on this earlier in the year. Have bought back in today as the drop seems to have brought another chance to own a solid shipping stock. I’m obviously expecting a very good update in November half year results and the divi is likely to go up from last years 5p.
I think the share price is telling us that tomorrow this is going to this hit £2, probably will finish over £2, I would say around 2.03-2.04 I guess. Knocking on 189p for third time so looks like with Ocado update on the way. Thankfully yanks keep helping us at 2:30pm.
They earned £9.05B profit £105m, only, market cap is £7B. So based on that M&S fair value is over £3.50. Mks will earn closer to £11B with 3x the profit. Plus improving proposition, better online offer, better food sales, cutting bad stores etc etc. So based on that, never the same again program and stake in Ocado- mks fair share price would be around £4 per share. At £3.50 we only match Morrison’s.
If you bought at 195p sold some at profit, Your average is still 195p. Your average doesn’t change. You only made some profit. it’s ridiculous to say your average but price is 162p when it’s actually 195p.
Also you are misleading people on purpose, You clearly says that satellites are a viable alternative to 5G. That is misleading. You know that’s garbage. Also to give the impression that 5G is not part of evolving tech is badly misleading
All you need to do is dead the trading update. Says it all. Food sales up 10% - best food IMO Clothing back on track - benefits from reduced store numbers etc. Also sentiment is positive now finally- and that’s the most important thing for the share price.
No he has completely lost it. “Mobile phones will never catch on” Really? He must be living under a rock or Mars. “Be on right side of change” I.e. saying go with satellite connection not 5G… That’s pretty deluded. Just to let you know satellite connection is only being tested, 5G is already here and Vodafone is leading the change along with companies like Nokia networks. “Cheaper to make a call from the office” Really? No one cares, mobiles are primarily for connectivity and internet and only secondarily for phone calls. Mole-man is fantasising of a world where people use “office” for phone calls and satellites for intermittent connectivity…LOL People are working more from homes anyway. Mobiles are “all in one” devices with EVERYTHING on your fingertips. People are paying lot of money for the best mobiles- because it’s what they want. Mole-man mistakenly think people want cheaper mobiles or such…LOL People want mobiles that can do it all, the cost is not as impossible as to what it can do - anywhere that is. So 5G is key here and so are apple and Samsung and such with their superb mobiles. Mole-mans wet dream says he’ll run to the office to make a phone call! Haha
No people do NOT go to office to make a phone call because it’s cheaper. That is called INCONVENIENCE. People will always want an all-in-one device in their hands. I recommend mole-divi get a smart phone, you might actually like it better than your landline
According to Mike, 5G is not a new technology… Lol, you couldn’t make it up. Now apparently you must buy musks satellite connection otherwise if you stick to the stone-age 5G you are stuck in the past. Congitive dissonance? Mole-man think the future of 5G is already history. It’s like in Orwell’s book 1984 where they changed history as they wished, mole also proceeds to change the future!!!