Member Info for chilting

The US is still going to want cheap crude, especially in a recession - if it cannot get it from its own reserves it will look to other sources - Brazil is increasing production all the time and Venezuela may be down and out at the moment but the country has huge easy to exploit reserves.

Hello Jan
Yes, I certainly agree that this is going to go on far longer than anticipated even a few weeks ago.
The idea of a V shaped recovery seems a distant dream now and we have to reshape our thoughts especially as the US is suffering so badly.
I can see this sort of sharks teeth pattern lasting into 2021 with volatility on the peeks and troughs. Brent will I think follow the same pattern - hopefully not falling away like it did earlier in the Spring but staying between $39 and $44 for the foreseeable future. That means I think that Enquest's SP will also stay at current levels.
Eventually when we do get a recovery all the borrowing will build inflationary pressure all around the world so that will bring its own challenges.

The whole market fell away at the end of trading - not sure what spooked it but M&S just finished blue on decent volume - so some improvement.

The whole market has gone into reverse - not sure what spooked it.

That's good to know Johnny - lets hope that they take advantage of the new Government relaxation in the planning laws designed to make it easy to turn retail into residential and also make profit on the sale.

Post covid has changed everything.
Even to the extent that it may not be the answer to simply increase food area in a store.
The better option may be to close the main store and open a smaller store elsewhere in the same locality that is better positioned to take advantage of footfall and more economical to run - especially if it has easy parking.
The adage is always take advantage of a crisis - M&S now have the opportunity to do just that and turn a negative into a positive.

Big news today that John Lewis is to close 9 stores, including Birmingham and large scale job cuts at Boots. John Lewis are also talking about a big switch in their business to online.

This begs the question - when will we hear about M&S plans for store closures?

We have all been looking to September when M&S products launch on Ocado Retail to boost the SP but the big game changer that could really boost the SP would be a break with the past and a LARGE SCALE closure of unprofitable stores.

Solid progress - especially with Hydrogen.

https://www.londonstockexchange.com/news-article/CWR/trading-update/14608640

Don't worry they will - the opposition is nowhere - still in the era of Grenville's Bike on Open All Hours.

They just sold 50% of Ocado Retail - the online supermarket in the UK.
The main part of their business is Ocado Technology.

Ocado Retail -
https://www.youtube.com/watch?v=4DKrcpa8Z_E

Ocado Technology
https://www.youtube.com/watch?v=bY0nNPT75xY

The pent up demand for Ocado Retail is enormous and it will increase even more when M&S products are added.
Its difficult to see just how much extra capacity would need to be added to satisfy the current demand, especially when you consider that other supermarket groups are not accepting new customers at the moment.
How big can Ocado Retail get in the UK and what market share will it have in 5 years time?

Stock out on loan at end of June 2020 was as follows - source Euroclear.
M&S 8.93%
Ocado 10.83%

He was right

https://www.itm-power.com/hgas1se

https://i.imgflip.com/s8xx6.jpg

One nice surprise would be Andover open for the Christmas rush.

Bottom line is that unless we get another bad spike in coronavirus in the winter Brent will carry on going sideways on the sharks teeth until sometime in 2021 when the world economy starts to turn more positive.

Market cap of £1,819m is ludicrously low.

Another good opportunity to buy on the dip today.

Well spotted Therapist - Heather Knutsen has just come out of dry dock in Portugal - hence the long time frame.

At least M&S do have the chance to recover with the Ocado partnership - a lot of their other retail will just be managing decline.
That in itself will give M&S opportunities.