Member Info for Franalex

Do agree which is why, having set a bottom price of £3.25 ( with positions closing every couple of pounds on the way) when it was trading at £20+, I may be a buyer once that position hits. However, much depends on their next briefing. If it turns out to be less than positive then I will call it a day with this stock.

Blabla.

On the basis that the stock market reflects the future outlook. How do you explain the share price performance of THG, ASOS, Boohoo, Revolution Beauty etc against those I mentioned, many of which are also giving investors a return in dividends? All those on-line only retailers I have mentioned have rewarded long term investors with huge capital losses.

Agree the Next multi-channel gives them a huge edge over Boo Hoo and ASOS and PYT (remember them) but they are also massively better managed.

Your continual predictions of quick, large upward price movements for this stock have been almost always wrong.

“High St is gone”.

Look at the performance of Next, Dunelm, B&M, Marks and now even John Lewis showing improvement. On-line retail is going exactly the same way as Dotcom. Massive over valuation of stocks followed by huge correction with the best surviving but most going under or being swallowed up.

Have been following this down using IG index since £20. My last position closes at £3.25 which is now looking distinctly possible. Then need to reassess if I am a buyer or out.

Hope you are right but remember exactly the same comments when it fell under £10. Some people still believed it would get back to the £35+ figure of 2017. Those top-ups they claim to have been making are now 95% down. This is falling knife and gambling territory.

Was expecting 75% cut so OK on the dividend but the mess they have made over the Tender offer is not likely to instil confidence.

Unbelievable when you consider it paid an annual dividend of over 66p in June 2017.

A contract is only valuable if you can make money on it and Capita have been woefully poor at doing this; that and grossly overpaying for acquisitions is a major reason they have seen a total collapse in their share price.

Not if it has the same effect as the last RNS!

Truth is nobody knows. This was trading above £35 only 8 years ago and people have been predicting a bounce at every point from £20 downwards. Remember seeing posts that it could never drop below £10 and was a massive buying opportunity.

So many comments similar to that on the Boards of those two in their last few weeks.

Anybody thinking this could not go to zero should have a look at the latter days of Carillion and Interserve, both huge businesses with what proved to be insurmountable issues. This is now a pure gamble which could give big returns or a complete wipe-out.

You have your view. I have made a lot of money from what I have observed on this anecdotal evidence.

I agree that it is not just the on-line clothing sellers. I am old enough to remember the ludicrous prices of dotcom businesses and the eventual outcome. The best survived but most went under or were forced to accept low offers. Same is happening with this sector now.

I am merely giving a reason why the share price has been in free fall. It is industry leading on returns, it has to be given the amount it gets. Lost a lot of money on this when it looked to be the future but based on what I witnessed, I have made far more than I lost by following it down from £20 using IG Index. My last position is set to close at £3.25 and unless they issue something positive I am pretty happy to leave that in place.

A disaster but predictable if you look how their main demographic use them. As I have posted before, my daughters and their friends use them as a changing room. Order large amounts and return almost all. The end of year prom was typical, between them they ordered several thousands of pounds (pretty well all from ASOS now) and returned every single one and bought their actual outfits on the High St. That business model can not work and has been reflected in the share price for a long time.

Never underestimate their ability to disappoint. Amazing to think the share price was over £35 just 8 years ago.

Just when you hoped the era of dire results was behind us, along comes this set. Even leaving aside the inevitable kitchen-sinking of a new CEO, they are pretty awful. Next thing we know is that some bright spark will suggest a share consolidation to make the price more attractive to the markets (look how well that worked for Diversified Energy and Renewi, to name just 2].

Admire your bravery. Did exactly the same many years ago with Marconi, the industrial giant “too big to fail”. Ended up losing far more than I could afford at that time and have never chased a dramatically falling price since. Hope your fare better than I did,