Member Info for f15jcm

PS: have you even read the going concern statement?

Yes, I fully expect my my comments on the LSE board to do irreparable damage to a FTSE250 constituent.

'I find all my best investments come from supportive echo chambers', said nobody, ever.

No idea. With a decent chance of a recession, I expect many fund managers will become forced sellers due to redemptions. Might create a few bargains, especially in the small cap. space.

Why are you unwilling to entertain opposing viewpoints? Are you just here for reassurance?

I am a shorter.

If they are still around then. Conditions will likely get worse before they get better. Note the going concern statement.

The claim of 'momentum' is a stretch. Sales growth was strongest in Q1 and weakened as the period went on.

Must admit I traded quite a few on the rally but now the price has come back I've bought some of them back again. Nice when the market opens doors for you, it's been rather dull of late.

Interestingly, M&B shares are up 35% ytd. Seems to be a lot of optimism already in the price.

Not if MARS is anything to go by today

This is what worries me about consumer demand going forward: https://twitter.com/AArmstrong_says/status/1658447500036960257?t=2f5FSaq5sXT47e6npwHo_w&s=19

In answer to your question, best case a rights issue, worst case SP = 0

I agree consumer demand is still robust, surprisingly so. Question is, is this the last of lockdown savings getting spent?

Hardly surprising given the country is getting poorer and discretionary spending is under pressure

How is M&B any better? Stands to be a victim of the 'squeezed middle' and the debt position is argubly worse. They report tomorrow so we'll soon see...

MARS and MAB look like a binary bet on if there is a consumer downturn or not. I think there will be given inflation and fiscal drag and am short MAB. LFL sales aren't keeping pace with food inflation (highest of the lot) so are down in real terms.

I bought this week. Surprised by the weakness. At the same time I'm short FEVR and watching it go to the moon despite profits in reverse gear and still being valued on over 60x earnings. Market makes no sense sometimes

Investment case looks solid, share price weak, so I added quite a few this morning. Decent position for me now.

Genuinely amazed people haven't blocked him and his numerous alter egos, yet alone actually interact with him. Better things to be doing

I'd say the main takeaway from today is that Q1 has returned to being rather meaningless in the sheme of annual performance. Pointless inferring much from it though if seasonal weightings mirror 2021, it's actually a very promising start. No retrace in pricing was better than I had expected. I say we're probably not going to have an idea of where we are as a company until the Q3 update.