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Imagine what it could achieve were large parts of the stores little more than 'jumble sales'. Always excuses from staff for the mess and disorder. Then there's the one till open. I often can't be bothered to shop and that's speaking as a lth.
That's me out (sold).
Seems whoever bid it up last week has been selling short since.. no rns but maybe to get in cheaper still?
Seemed a nice entry price at 132p before the auction.
Except there are rules around industrial pricing behaviour and competitive practices. Be aware that trade prices are cooling considerably now though, the "discounts" are already flowing..
Very naive to assume internet visible pricing is anything like wholesale, Eccles. Indeed, many sites are brass plate companies all coming back to the same core suppliers. The trade deals with merchants face to face, job by job. With possibly the exception of cement and some timbers, most goods have been readily available this year but at much higher prices. Wickes note this themselves. That is my point Culpepper - prices were hiked acrosx the board yet supplies were always maintained and demand readily satisfied. Daft comment from you Stefano, I'm a builder myself, we rarely get tucked up.
Highlights the pure profiteering behind the ludicrous price increases on many building materials and suspicious simultaneous increased markups applied by the sheds this year, as if anyone was in any doubt. No real competition exists in this industry, so tradespeople simply had to accept prices and try to pass them on. Government turns a blind eye conning uk that inflation is transitory. Levelling up, sure, of prices not productivity.
Putting it very bluntly though, does this proclamation improve the investment case for LGEN? Selfishly I'm only interested in my pension performance and really couldn't care about the "woke" agenda where shouting people down appears to be the main objective, so what's the financial value of this manoeuvre?
This stock's price is primarily manipulated and managed by its major backers, so if they ain't buying it drifts, imo.
4 days of significant drops in wider market, across most sectors with significant gap downs, but DFS doesn't move, seems it's backers set auction prices protecting it and themselves.
Laughable City shenanigans...wow, they got the 20% extra placed away after close at a 20% premium and despite stores all closed for foreseeable...nice work chaps.
Inevitable City driven funding (debt) bounce before 20pc equity issue. Still can't ant get 2 man delivery teams into private houses, tricky. Chinese supply chain resellers may not be UK flavour of the month going forward either..
30% off sale today! Looking more reasonable @115p..
Profits were down before Corona virus effects on retail activity are taken into account. Still looks expensive at 177p.