RE: Retirement Income sales 12% ahead of 201927 Jan 2021 20:33
I beg to differ Jatw. Revenue is key in current climate. Companies breaking even or making profit will emerge stronger and quicker with stronger balance sheets to take advantage of the growth as economy open up. JUST is my lottery ticket. We should be 150p soon. Company is making all the right calls. Significant dividend is not too far either.
It is due to Gamestop short squeeze in the US. Hammerson is one of the most shorted stock so expect more fun and games tomorrow. Shorters are panicking and closing as they know Hammerson is here to stay and will come back as economy opens.
300 million website visits annualy for £55m - Clever move!!25 Jan 2021 10:10
Boohoo has played an absolute blinder!! There is no way an online business of this size can be acquired for £55m in open market. Our online presence has been increased massively by just paying £55m. Superb!
"boohoo, a leading online fashion retailer, announces that it has acquired all of the intellectual property assets (including customer data and related business information and selected contracts) of Debenhams Retail Limited (in administration) ("Debenhams") from its joint administrators, for £55 million (plus VAT) in cash (the "Transaction").
Debenhams is a long-standing and leading UK fashion and beauty retailer with high brand awareness, and an established online platform with approximately 300 million UK website visits per annum. This makes it a top 10 retail website in the UK by traffic."
Stronger than expected Trading update and Dividend resumption soon, we are going back to normal so should the RPS share price as well!!
"As a result of the improving fee performance and proactive actions taken in 2020 to manage costs across the Group, draft Adjusted Profit Before Tax is currently expected to be in line with the average of analysts' forecasts"