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I'll have a go at your two questions. 1. Food sales LFL food sales are only just off the pace, but continuing trend is to be missing the previous year. Couple of reasons for this will be that store estate in previous 18 months has been getting smaller, where as it had been historically growing since 2001 and the introduction of 300 simply food stores. The price reduction initiative that has been implemented to compete with value retailers is now starting to come into play, but because they have not captured any footfall from the discounters they are just selling same volume for less money to the same customers who would have bought at a higher price. There would also, if any visits recently have been indicative, seem to be a lot more yellow reduced labels on the shop floor across most areas. Mostly when I shop in there it's only for that day so reduced food is a viable option for me, as suspect many other customers so potentially hurts full price sales even more. My two penneth worth
I'm normally a promoter of this share and have been very confident in its recovery. I though do have serious short term concerns to where this is heading, especially with what is looking like a shocking Christmas performance. The only bright spots are that they still have so much cost that is available to remove that profit is still going to be healthy. I do though unfortunately see further reductions maybe as low as 220
Reckon that normally that would have been an ok update, but with the hugs thing will be perceived to be bad. Still some pain to come I think on this share price unfortunately
Doubt there will be much on staff shares this year and exercising their options, the following January when the option price was 260 is more likely to be the bigger one. Option price in January will be more like 320 so can't see a raft of sells then. This year the option price would have been around 250, so if their staff are sensible then the would have dumped all the 260 and 320 for this year scheme, meaning shouldn't be a lot of volatility
I expect to see the usual here with run up to planning meeting. Speculators buying big pushing SP to 0.13 maybe 0.14 at a push. If meeting goes well and Wressle confirmed then could see us get back to our highs of a couple of years ago of 0.2-0.22, if our friends at NLC revert to type then back to 0.09-0.10. But so many things going on, just need a one to hit and we will be upwardly mobile. I'm still confident that I'll get to see subo, tassles and All, at Budges 1p party though, just need to continue to be patient. Good luck all and let's hope we finally get this one over the line
Normally reason for pieces of s hit like this to consolidate is so they can issue more shares and further dilute and fund raise, whilst keeping the board in a manner which they have become accustomed. I only have a small holding here which is about 90% down. I just wait now till it goes up in smoke entirely. Hopefully nobody gets sucked in by seeing it on risers board and think that it's gonna make them rich by investing.
This has to be one of the most played with shares on AIM. Everyday seems to have almost double digit % movement up or down. I have made a profit once when was slightly more stable, but struggling at minute to see when next to get in. Reckon there is still enough meat on the bone here to make it worthwhile, but trying to guess right price is beyond me at this present moment
Anyone can be a CEO when you start a business in your mum's garage. Last week I was CEO of a building firm until got ousted by the wife after I'd finished the plastering. Think it was a loss making business though, so she's welcome to it
Steve Rowe is not concerned by share price, he wants to put in place his strategy and is not concerned by the lack of movement. II's are making plenty out of dividend so not putting pressure on to move this up. This is a long term hold and will not go way of other department stores. Debs had 500m loss, M&S are still in profit and the write offs last year and probably this year will see them clearing 500m profit by 2020 and upwards from there. They have cleared a load of capex debt and even though website is poor, they are starting to see some volume increase there. It is a beast of a business to turn around, but more i am starting to see, more confident of a healthy return. But buyers be warned, this could still hit lower numbers than this at around 220-260 range. Reckon once get down to there the shorters will start to clear there positions though and that is when recovery will start.
When company posts on the RNS about it having to secure continuing finance to remain a going concern there are flags to be aware of. They may hit big and then not need finance, but I will stay on sidelines and watch for now, as already doubled up on this once, and that was a gamble then and still see it as one now.
Think the £1 coffee is only before 11am, which is their dead time, so an opportunity to draw some people in that don't normally enter an M&S. Probably would work better if it was better advertised though. See what next couple of weeks being but reckon may see 300 but not based on anything just an opinion. Was expecting news on further closures this week, would guess tomorrow now or won't do anything till after Xmas.
Hi Poker, Didn't blame Mr Rowe exactly. Just don't think market like him as CEO and they have not bought into his turnaround aspirations. I'm looking go add at around these levels in next week or so as believe the interim dividend makes an easy return and results won't be catastrophic to plunge share price down much further. So in short term could get an easy 10-12% return on investment. Would say that the pace of change is still to slow, when consider they were looking to close 100-150 shops over a year ago and still have only done around 30. And that's what is keeping the investors away and keeping this stock 10% shorted
Been here a while now and have a relatively decent average buy in price compared to some, but fact remains that we are supposed to be an oil producer and still do not produce. All well and good building positions in all these places, but until black stuff comes out then we are getting bugger all for our investment. Would rather that we grew the company from making profit rather than growing shares. Concentrate on getting it out of the ground and then buy in elsewhere. It gets a bit like listening to Del Boy with UJO sometimes, this time next year we'll be millionaires.
Whilst I don't think 400 is likely in short to mid term it is still my long term target. For me though Steve Rowe has seen 28% decrease in value during his tenure as CEO and that is stock market reaction to him as opposed to his strategy or results that have so far been implemented. Expect more store closures to be announced in very near future and H1 results announced in November which hopefully will show signs of recovery