I have seen so many random broker reviews over the years that my faith in them is zero. I don't buy the conspiracy theories, personally I think the authors are simply tied up in knots by "what if's" that their actual conclusions are meaningless.
RE: Back up to 120 pre Ocado deal10 Aug 2020 12:05
You have to watch the macro Neil - a Covid-19 vaccine will change everything. Shorts will be aware of that and will probably reduce ahead of an anticipated launch - could be a big game changer. I think that makes it impossible to predict where the SP will be at anytime over the next six months or so.
An interesting aside to that is the use of cash. Many retailers, including me, have now stopped accepting cash because of handling concerns but I think this may become permanent if we can get away with it. Cash is such a hassle to handle regarding security, trips to the Bank and accounting that I think for the few customers we may upset it will be worthwhile just accepting electronic payment especially with the new £45 contactless limit.
RE: And there lies a story.........08 Aug 2020 08:13
psmith A sell judgement is a bit harsh based on your analysis - ITM certainly was over brought before the last results came out but now it becomes a macro issue if that is still the case.
What really maters to long term holders now is how successful the company will be in attracting orders to sustain the new factory. Judgement on ITM should be based on this issue - personally I am still unsure.
NO is waiting just over 10 nautical miles to the south east of AK, she is now not expected at Scapa Flo until late Sunday evening, so it like we can expect a hook -up later tomorrow morning or early afternoon.
Navion Oslo is now slowly making her way towards AK for a hook-up that still looks to be scheduled for late today or first thing tomorrow. Arrival at Scapa Flo after hook-up scheduled for lunchtime Sunday. Saturday hook-up would be 11 days since the last tanker left.
Loosing Waitrose customers is a bit of a red herring. The demand for online grocery shopping is so great now that any customers lost will very quickly be replaced. It could actually be a benefit because more loyal M&S customers could quickly get an online account. Also I guess Waitrose are probably operating at more or less full capacity anyway so customers may not find they can easily switch.
Valueplay you are looking at everything in black and white - online white - bricks and mortar black. The retail market will never develop that way - M&S are closing unprofitable locations and in many cases opening new modern stores with a bias for food. To have assets in online and bricks and mortar is the way forward for British retail - the market isn't black and white - its grey and it always has been. .