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Does anybody know the official closing price? Can't find a UT and different platforms are showing different prices
I think 70p is very conservative. I'd agree closer to 100p simply because of the macro of more high street retailers facing problems (most recently debenhams) but also because of it edging around 90p in feb/march which was obviously before the july trading update which was rammed full of good news. Might just be wishful thinking as 85p buys me a new car lol
It has been noted on this BB already but BWNG is likely to be a multibagger. In 2017 the SP floated around £3 with pre tax profits of 44m (or something around that). FY20 report posted a pre tax profit of 35m with a SP of 52p. The business had a revamp which is now 85% digital. Next week is the last time to buy under 60p
September 10th, as per N Brown official website :)
Good rise today. Up 5.05% whilst the FTSE was down 1.55%. Shouldn’t be too long before this is back to the near vicinity of £1
Could be. It does sound like an old fashioned name, but then again their target audience is more middle/elderly aged whereas boohoo and asos have a younger target audience.
What's everyone's target SP for BWNG?
Yeah I share the same concern. Strangely the US markets are actually on par with the levels of pre covid - although it is being propped up substantially by the successes of big tech - many other industries, predominantly tourism and leisure are not disproportionately overvalued. I have a little punt on the Ishares clean energy ETF as i see the clean energy sector booming in a post covid era
I was in AML until selling my holding at a small profit. If it jumps back to 58/59 i may have another short little punt as its due good news, but the manipulation on that share is so off putting. Looks like e-commerce and tech stocks pave the way for the best results as of now.
Amazon, facebook and google all beat expectations in their results, meaning that the dow will be dragging up the FTSE. Could see a little tree shake for AML specifically with MM's trying to get some discounted shares ready for Monday's expected rise but I think 59 would be a great result. IMO (:
I’m at work at the moment so can’t check intraday data. I know the markets are down today but as far as I know where’s no tangible reason for this fairly substantial drop? Are the MM’s shaking the tree trying to trigger stop losses or what? Can someone let me know
@cremebrulee - If you’ve got the funds, Amazon is a good LTH but it probably will dip up and down before a big climb
In other news, good performance from BOO today. Looking like 270 could be the new resistance! Still not satisfied about the state of the wider equity markets though, especially as the FED continues with QE with will increase short term volatility for the dollar (whether that impacts us or not is another story!) Good stuff today everyone, enjoy your evenings
@Ringers
Lovely comment. All Investors, but especially the LTH and people that have seen the mid 40s, deserve a mini celebration today as theoretically it should be onwards and upwards from here (although we know the markets are full of surprises). Good stuff today guys!
@Thecouchman
I’m not going to directly advise you on what to do because I’m not qualified to do so, but there is a tendency for investors to be too stubborn to sell at a loss which consequentially causes further damage to their portfolio. Weigh up the risks vs reward for
both options and come to a sensible conclusion and hopefully it’ll work in your favour!