focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
From memory, approx 12 months ago consensus had
JDW making approx £50 - £55 million on pre tax for
this financial year.
The SP decline needs to be viewed in this context fwiw.
Just reading some of the posts I wonder if people realise
what the market took fright at (rightly or wrongly)...
JDW appeared to guide towards a break even FY result on their
May update?, fast forward to yesterday and the story is different.
Lots of anecdotal reports of ..this pub is packed etc,
means SFA unless they are turning a profit.
Added on Wednesday.
That was a while back on Youngs,
I'm looking at their recent FY report on a pre tax basis.
appear to have come out of covid in robust shape,
so punters are paying for quality - whether that changes..
You might assume JDW would benefit from possibly trading
down?, but are some of those people just staying home instead..
Than pre covid.
Joe, I rate the CEO here fwiw, he got the company by
the scruff of the neck following MS's departure,
driving through efficiencies and synergies.
That being said, he can't walk in water and advertising is
cyclical.
The wider UKX could easily fall another 10 Plus,
so expect lots of stocks to be available lower down.
My current strategy is to buy small amounts of what I like
on down days, rather than attempting to time large buys
near a bear market trough. which unfortunately I'am not able to do.
Good fortune.
Bloody hope not Joe as I added today!.
I can't in all honesty click a Buy as markets are just
too volatile and we are in all likelihood now in a bear market -
MCX already there and pretty sure the UKX will follow.
In terms of under £4 a share, something quite cataclysmic would
need to occur, their 40% remaining share in Kantar is conservatively
worth £3 BN plus alone (although never say never etc!) - all in my view I should stress.
I'm 53% invested atm and don't feel brave enough to go much above that atm,
so hopefully opportunities over the next few months.
Recession looks pretty much nailed on now, what a change
in 6 months.
It's an extraordinary outperformance.
The share price was lower in August 2019,
pre covid, the huge oil price spike, airport chaos,
the Russian invasion of Ukraine and now a looming recession.
What a woeful recent performance imv.
the March 2020 plunge low and approx 20% Above
the August 2019 low.
Price getting near an interesting level again?.
I can hold the shares with duel nationality thankfully.
..
If we are moving in to a bear market proper - they
usually last 9-11 months very approx, then about
every stock is going lower.
I added today, but would not fall in love with SN.
or anything else for that matter.
Also it may pay to beware posters who are uber bullish
on a particular stock, they likely know little more
than you do , all imv as always.
snap, a penny higher for me.
the current share price that is.
n/m.
current consensus (Full Year 2022).
However consensus is subject to change!,
not guaranteed.
It happened.
If you consider a poster is trolling or spamming a board you
can flag this up to LSE. They may or may not take action as
a result.
Perhaps also fair to reflect the consensus or majority
view on this board has been too bullish over the past
few months.
My own take on the macro outlook was too complacent going in to
2022.
Yes Russia has been a tipping point, but there was already a squeeze on
disposable incomes underway that pre dated the invasion of Ukraine.
Looks to be looming large and have little confidence
that will hold - all imv Only.
Looking to add here.