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Anyone care to predict H1 update. I will go with that food sales were slightly up on LFL stores but total food level due to closure stores. Probably sugar the pill by talking about reduction in prices across the range so have seen increases in volume. The Clothing sales will probably be down which will be blamed on the summer weather being to hot and closing of 30 stores. Still have a target of 400 but not by end of this year, but interim dividend will remain relatively static on last year's interim so still can get get a half decent return on this current SP. All IMO
It is bad when you have bought in at 2100, so guess depends on your holding :-)
Hi All, It is quick and easy to set up account and support the application. Just done it myself. Funniest thing though, on North Lincs council is that they have a 20 year economic plan that they want to push ahead with as they recognise the need to increase prosperity in the area. Yet they turn potentially a well that would benefit the local community
M&S continues with its transformation and will be fine. I have not been one to be to down on this share but think have been realistic. So my post today is my opinion on its outlook going forward. I believe that the board has been substantially beefed up with some strong strategic appointments. They have appointed 3 directors that all could be next CEO in Jill, Machin and Humphrey. (My bet is that it will be Jill so it looks like they are a progressive company with female at helm) Steve at this point appears to be nothing more than Archie's puppet, but this does underestimate the work that he has done in trying to transform the estate and changes to employee benefits. Forward outlook though is beginning to look a little more rosy, the cap ex debt and pay off is diminishing, the closure programme and the right offs from last year should return profits next year to c600m. At that level business should be re-rated at close to 6-7b which gives share price of between £4-5. With divi being maintained then will continue to return a 4-5% yield so lots of upside here
Hi all, I have had BT on watch list now for about 18 months but just can't see the right time to dip a toe in. Every new bottom I have thought, has soon been breached, (my current bottom price is 190) and they seem to have a continuing restructure going on. I find this share very similar to M&S, in that a British institution that has a lot of goodwill but seems too big and therefore very difficult to turn around quickly.
They have 580 mil profit before exceptional items, those exceptions have a load of write offs in. Depreciation is falling and net debt down, they have another two years of pain but after that business will be on good shape. Divi is 6% on current SP so markets will in short term will maintain range of 260-300
Hi Jed You are pretty much spot on with assessment of MKS. Divi will remain at last year's level, so at these prices 4-5%. Business profits will be pretty much as expected as not had any profit guidance from company, so c500m. Maybe SP is around 320 in short term, but if looking to make quick 20% Jed is right, that this company not the one. Think over 3 years the business plan seems robust but still has plenty of hurdles to overcome, and with it still being massively shorted (11% I believe) then not one to overbuy on. I do own shares in M&S and have regular top ups at these prices, but looking at this as longer term investment that returns me slightly better than bank interest does
Have seen this before on days where councillors discuss the applications. Some serious punt money going in before decision hoping on good outcome, only for the decision to go against us and all the early gains gets wiped out with 20% loss. Have to be honest though and say today feeling more optimistic than previously
I base that on nothing other than I'm selling today and usually after I sell the price rockets by 20/30% Happy though with profit I've made in here. Good luck to all LTH
Seems we are finally awakening from the slumber. Pressure slowly building with lots of buys. Would imagine that we will hold now around this mark with odd breakouts between .12-.14 with profit taking from people bringing it back to here. RNS was positive and just need couple of other plays to happen, wressle being main one and then should see return of last year's high of .22 My opinion anyway and hopefully LTH start to see some light at end of very long tunnel. Still think Budge though your 1p part should now be .67
News about Patrick was not unexpected. Reckon that it came about a year later than it should've done. Additional store closures will now be announced in May. Will only be on line with previous guidance about store estate closures though of between 15-20 to add to the previous 16 that have already been announced. All IMO
I think worldgoround is some sort of bitter ex employee or bought in at 700 years ago and is taking an ass pummelling now to pay the bills. I do find his ramblings amusing but not based on any real substantive basis. But that’s the joy of BB, people who can state an opinion no matter how bizarre. Oddly if he reigned in some of the numbers and toned down the borderline racism, he could be close with what is actually happening. So to state some actual numbers, 14 store closures already announced, another 16 by end of year. A pipeline of a further 70 stores that will close or downsize, aligned to an opening program of circa 30-50 stores. A year end profit of between £500-600m with a divi of around 6% Shorters still holding over 10% so SP will continue to be suppressed, this still represents an opportunity to make money at these levels, either for a relative short term investment or a decent return long term. All IMO but I continue to hold and top up. But if world can offer actual fact as to why this is heading to 99p then I’m happy to listen