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Whilst I'm invested here, and generally would consider myself more right leaning than left, I sympathise with the strikers.
Big companies continue to pay their upper management and directors extortionate pay, but when company starts to realise that headwinds against them, they go for the easiest targets.
I don't know full ins and outs of a BG engineer contract, but if the terms that they were on was considered fair market value when offered then company should stick to them. If CNA now believe that they can get job done cheaper, then new engineers get paid what they believe the company need them to be on. Turnover and performance metrics on existing engineers would deliver same outcome in 2- 3 years.
Having worked for company that doesn't have union support, and seen the way benefits have been removed from the lowest paid workers, I think that making this kind of stand is sometimes and regrettably the only outcome.
Been a good food Xmas for M&S. Expect them to announce sales up on year, out of date food well down on last year so profit margins significantly improved. Imagine Ocado maxed out on its delivery slots. Clothing will been a struggle due to covid, but online will have grown. Be interesting to see if they include New years week in the figures, as that was clothing sale, they don't normally include these, but trading is very different this year so may want to.
With regards to Divi payments, imagine September half year, one will be back, especially as Steve and directors getting bonus based in divi payments. That won't be announced yet though.
To be fair, the drop that is currently happening, still has taken it below its placing price, so not to bothered by some slight variance in price. If you got in at 30+ then understand that there is probably a little frustration or fear at these prices and seeing continuous drops is a bit worrying, but sit tight and look forward to the new year
Thank you all for answering my question. Been on board before but had missed previous answers As not invested so not spent much time on here. I'll look elsewhere unfortunately as can't be arsed to change trading companies. Have previously been in UJO but no longer trust them after diabolical placings. Thanks though and good luck here
The extended opening whilst is a good headline is not necessarily great for staff. Especially if there is limited public transport as safety and cost for staff to work is not great. Nice touch from them though to close all stores on Boxing day so families can spend time together
I have been here a long time now, and today we have hit the magic .14 again. I call it the magic number as that was my first ever buy. Have bought quite a lot and managed to fortunately average down so now sit at .129.
The assets here are potentially phenomenal, but as I have posted previously, the management have truly screwed PI's over. Luckily after the first debacle of a placing saw the second one coming so managed to sell 70% of stake and made nice profit.
Whereas originally I agreed with some other LTH's potential price of 1p, first placing I think made that a lot more difficult so readjusted top at .64, at second placing have reset top price as around .4.
I will add a few more if this gets belie my average as still an opportunity to make some decent money, but with way markets have gone during covid, easier and less risky money to be made with FTSE companies in the short to medium term
What is peoples thoughts on top price.
I bought in a while ago at 3.07, I de risked yesterday by taking out my original investment and three times that. Leaves me a nice holding but is now a free ride. My thoughts are still at least double again from here, have seen some that think a great deal higher. Not planning on selling anymore at moment but nice to already to have a multibagger
Food business continues to out perform last year, excluding Ocado. Once that is added then M&S doing well. Clothing sales and store space continue to drag the price down. November update will be positive and under a quid a share won't be available again I think.
Hi again Value,
The store estate is aged, but they are addressing this. But they do have a substantial number of stores that are over 15000 sq ft which is medium sized Tesco etc store. They are also re-organising estate and in Dec have two existing stores that are under 10k sq ft relocating to bigger sites. Believe there are another 4 pipeline stores coming as well, which is mixture of relocation and new. It has taken them to long to adjust to the fact that existing estate didn't fit, but it is now. With a lot of the relocation stores also gets rid of large clothing stores that don't return a anywhere near enough income. In 5 years or so, they will probably only have 100-150 stores selling clothing and a further 450-500 selling food only.
If you are in M&S for a quick buck, then won't happen, but long term the business is putting itself on a good footing. Unlike JLP Mark's is still a profitable company, and will continue to be
ShanJo
Don't think anyone has said that those that participated in the placing will sell at a loss. Few have said that price will drop, and others have said that those that did place will flip quickly at 10%, which is only .176
Hi Lenin,
In long term I think it is probably worth the gamble. Just the way last two placings have gone have been a real kick in the plums. I managed to sell out 70% of my holding at .3 and only have average of .129. Was looking to re-invest what I'd taken out, but will at-risk that now and gamble half in here and the other half in our partners RBD. I believe in the assets, just have lost faith in the management. Which is sad as DB seemed to be better than other AIM bosses.
Still not buying at these prices though as think it will drop to my original buy in price of 0.14
Hi valueplay,
Most of your statement is correct, however would pick you up on store estate numbers. Whilst there are 1400 sites, M&S is only liable for around 650 with the costs associated with them. The rest are all franchise. Whilst lack of travellers will have an impact on those stores, they won't be a cash drain on M&s, just will dampen profit slightly. But as they only account for around 8m a week, the offset from Ocado is picking up that slack.
M&s digital presence now if on both C&H and food, so further lockdown can be mitigated more than at start of this. (Also M&S did Xmas levels on food in first couple of weeks and has continued to trade up on year in its wholly owned sites)
The rest of storecestate us rapidly transforming and would imagine that Clothing stores will be reduced from c300 to c150 in next 5 years. This is still long term hold, but sub £1 a share was bargain basement price
Reckon so. I am still in and sold a considerable sum at 0.30, with intention of rebuking there. But as this is second time they have shafted PI's, makes you question whether they deserve money. Was gonna split my proceeds between here and there, but may just go all in here instead now
Now we know one is coming, two questions, at what price and what will be new low point. I reckon get it away again at 0.15, and low of 0.13.
Spivs have done it again to the share price and shat on us from a great height. 2nd time that this has been poorly managed, at what point do you have to call DB out as having shafted people
Hi Slack,
I am an investor and have been for a long time. To claim this will multibag is now a very big call. Still has potential, but current top price is now 0.4 for me. Still good double up from here, but the mass dilution makes multibagging a lot hard now. A further placing, unless for further acquisitions would again diminish the opportunity for its ceiling price
I believe that M&S product from Ocado last week was north of 10m in a 5 day trading week. Which if true is about 8% of total food sales. All that extra on top of normal sales. Obviously profit on that not as great as store sales, but encouraging if correct
I ha e been here for 4 years now, and this has a distinct feel of previous placings where some people in the know get out at the top price and re buy again on the placing. By all accounts DB has done a great job securing assets and potential, but either he or someone in his team is leaking info to their mates. The last placing followed this exact route, spike to 0.35 with great news RNS's, whilst price dropped. Everyone denied placing rumours and tried to silence dissenters. Then lo and behold a placing at considerable discount.
I don't mind placing tobraise funds ad they have been used to enhance the assets and business, what I don't like is that we are getting the shafting as PI's again.
I sold some at a profit at 0.3, and that was intention of buying back in again at 0.25, but seeing how this has been gorged again, might now wait till sub 0.2.
1p share price was the party price pre placings. Broker ratings between 0.64-0.88 were also pre placing prices. Placings have added 9b shares here. in fairness we have increased assets, but they are not proven. (Speculation and reality 2 different thing) the 1p Mcap pre dilution was around 60m. Therefore on current day as we sit here a fair max price is probably 0.4p.
If WN is as big as stated and either sell or produce from it then it has potential to further growth. But that is still not a definite. I am still in the corner that this has more upside than down, but talk of 1p is very fanciful due to all dilution that there has been