Forward Guidance??27 Jul 2019 12:41
Lack of forward guidance is the big worry for SPD and analysts always need this from the company to support future valuations. Tough one to call, but analysts will be pulling their hair out trying to work out what the company clearly cannot do and MA is clearly unable to do this. Maybe he wants Mr Market to do the sums and work out how good the Business is in one years time.
Valuations will take into account HOF cesspit, further Debenham write downs, Belgium bums, High street bloodbath, lack of divi and Brexit.
It really is a TOXIC mess. If it opens up 10p down, Im shorting £50pp striaght away on the basis of forward guidance which is clear as mud and the bad news is not factored in.
Bargain hunters will be disappointed by mid morning if they buy early. I will buy too for the trading range as it will swing wildly.