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fleccy, the problem is that what you say makes sense but the board of BT doesn't. Last year year the nice but dim management discovered that the Italians had had their hands in the biscuit barrel and robbed the company all ways to Sunday. The result was that the SP fell from 350 to its current level of around 220. I am not sure what the value of BT is, but I am pretty sure it isn't 500 a share. So, I while you may well have a point were the board of directors capable of running a hamburger stall, the problem is that they ain't.
"Have you got rid of yours ? If so why are you here ?" I don't know about anyone else,but in my case it is probably summed up by Proverbs 26:11 KJV. At this time last year the profits were a quarter less than this year's estimates and the SP half as much again. God knows what is happening to this share and I bet that even He is pretty confused, but I am buggered if I know what is going on.
"What a dog share this is turning out to be, if I had a can of dog food I would feed it to it. Woof Woof" This board needs a bursts out laughing icon. This is the first time in a long time that a BT post has made me crack a smile.
DC's shares are currently among the FTSE's top ten losers. To be honest I don't think that I can afford any more good news about this company.
"With all the good news from analysts and brokers and the company working hard to sort out the US issues, ..." Not wishing to be a downer, but it is the same board that bought the US company that is currently churning out the sarnies that no one wants to buy. And if there is a takeover, it will be at fire sale rates as befits a company trading on a 5% profit margin. I agree that 150p a share is due although not this week and that it should be 156p. When that happens I will jump ship. GNC is like that girl we all flattered and paid lots of atention to, but who never came across.
"so much for my hopes of a small rally at close." The company's worse case scenario is earnings per share of 14.7p while the market hoped for 16.6p. So (takes off shoes and socks and does some sums) the fall should have been about 14% rather than the 30% we saw today. That being the case the share price should clamber back to about 156p. Or maybe not. After all, it did take the board 2 years to notice that no one was buying its bloody sarnies.
"Patrick Coveney was in greencore prior to his brothers assent, " And CEO when Greencore bought Peacock Foods in 2016 and which appears to be a major part of the company's problems.Apparently they are sending Coveney across the pond to sort matters out in the US. Whether this is for real or they just want him out of the way remains to be seen.
It will probably continue to nose dive for a couple more days and then settle at between 130 and 170 next week. It was not entirely unexpected, but it would be nice if Irish politicians could park their dimmer family members somewhere other than on the boards of public companies.
"one would think that @patrick_coveney would have more important things to do than grandstanding on Brexit and politics." True, true... What this board needs is an "I agree with the other poster in spades" icon. There seems to be something about ex public companies in that the management don't see to realise that their job is to get out there and hussle for custom, not come out with arsenumbingly obvious banalities. I have been buying into this share since it was 290 in March 2016. I reckon that the share price will have to fall lower than a snake's belly before it begins to even out.
Some time before Christmas Virgin mention that it expected a slow down in the mortgage market, so further confirmation was pretty much to be expected. Actually the only real surprise was how long it took for the various analysts to pick up on it. I think that I will sit tight and wait for the upturn.
As far as I can see, neither the company nor Patrick Coveney the CEO have done much of anything for the last three years. That said, neither have screwed up too badly either, so working on the basis that my money has to stay somewhere and most anywhere is better than the bank, what is the feeling on the SP? Will it fall further or bump along where it is?
When I was younger, I spent a lot of my time standing under the clock at Waterloo station waiting for girls that never turned up. They were remarkably like Greencore. I will give it a couple more days and then go find another prospect.
I like Motley Fool, but I can't help thinking that it is written by a bunch of fourteen year old economics students who prefer it to getting a paper round. Sometimes they are right and sometimes they are wrong, but mostly it isn't their own money they are risking. It is a horrifying thought, but the best folk to advise us on our investments is ourselves, because the average economic forecaster could not tell a bull stock from bear****. That said, all I want is for this wretched stock to hit 255 so that I can jump ship. Is that so much to ask?
"yeah....really missed you too..and your optimism for DC.." To be fair, with Dixons share price heading for its natural position at the bottom of the heap, DARKKNIGHTMYARS might have the right attitude.
If my old grandmother were on the board she would have said that the metal was part of the Christmas sixpence and that there was no extra charge. And the SP would have probably risen by 6p rather than fallen. I am beginning to wonder if the management of Greencore really are Irish.
The SP has dropped 6 points. Does anyone know if it is just to pay for Christmas or something important? I am a bit nervous about this company. Its board is packed with the great and good, which is usually a bad sign (one day, when the world is ready I shall tell the story of the University life Assurance Society and the cold cherry soup) and seems to spend most of its time doing deals rather than selling sandwiches. Hopefully I am wrong, the SP will hit 256 and I can jump ship
" Where do they get these analysts from" God knows and I bet that even He is puzzled at times. The analysts appear to just skim the press releases, which would not be so bad except thet some of the information they have is widely out of date. That said, although the management of Dixons is deeply uninspiring, the SP does appear to have hit bottom and with a bit of luck and a following wind might reacht 312p in about another 6 months. Or maybe not.