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Swingman that is a foolish uninformed post and shows you have zero understanding of the business and the long term plan that is now well down the line.
For starters the order book is currently £5805million. A pipeline of orders stands at£7.5bn split between Experience and public service.
New contracts value won in the last 2 years is £6323million..
The plan to dispose of none core businesses will reduce debt to zero and allow them to concentrate on these huge core areas.
Cpi getting positive press coverage this morning, ive read articles in the Times and Independant, all positive. It will probably see more press over the weekend.
Not so long ago 40p looked cheap so Id like to think this will rerate well north of 50p. It tested 50p a couple of times in the past year or two. Surely now it can reach and break it.
Been to busy to check in. Will read results in detail later. Nice uplift so far. Surely has to go on a run up now. They are in such a better financial shape than when the sp was last at 50p. See where it goes in the next couple of weeks
Rather clutching at straws - look at the facts from the half year report.
We have increased adjusted revenue, profit and free cash flow; and further reduced debt and strengthened the balance sheet.
“Operationally, we have remained strong, continuing to deliver successfully for our many clients in both the public and private sectors.
“As our reputation for delivery and digital transformation services increases, we have secured a series of important contract wins and renewals, as well as growing the amount of work won with new clients.
“We are well positioned for growth in the second half of the year and beyond; and our full-year commitments remain on track.
*
(If anything had changed from that they would have to notify the market)
I sold last week at 41.75 tbh. Been well under water for 12 months. The Alliance and Fraser buys allowed me to sell at a small profit. Big buyers could resume any time but they know what they are doing and will no doubt wait for the inevitable retrace to finish.
There is actually Hardly any selling. 335k bought v 39k sold. Whilst not completely accurate its a decent guide. Ive not checked but its probably overbought.
Might be some pi,s sells later this afternoon as is common to fridays but big buyers are hoovering them and some.
Im Happy to ride the trend up whilst that is in play.
https://www.business-live.co.uk/retail-consumer/shares-n-brown-continue-rise-26126215.amp
If Fraser group were to have a bid accepted for Nbrown that would short cut Mike Ashleys need to get a financial service regulated as NBrown have the financial lending arm well established.
Ashley has £305mil from the sale of Newcastle FC burning a hole in his pocket.
Net asset value at Nbrown of 64p so this still looks incredibly cheap should a bid be made.
I suspect the Alliance family will be pushing fir a price north of 70p per share.
Interesting times here.
Saturday's Telegraph:
Mike Ashley’s Frasers Group is finalising plans to lend customers as much as £2,000 and let shoppers buy products on credit in a major push into financial services.
Mr Ashley’s retail group is preparing to launch a suite of financial offerings under a new “Frasers Plus” brand, spearheaded by chief executive Michael Murray.
A senior City source said: “Ashley’s really excited about credit. He reckons Frasers’ bottom line could be boosted.”
Frasers Plus will offer two main products: a buy-now-pay-later facility that will let customers pay for purchases over time, with Frasers Group covering the cost up front; and the ability to take a loan through the app that could be spent across the group’s retailers.
Customers will also be able to combine multiple buy-now-pay-later purchases into a single loan through Studio Retail, formerly known as Findel, the Financial Conduct Authority (FCA)-regulated business that Frasers acquired out of bankruptcy a year ago.
Technology developed by Tymit, a fintech startup in which Frasers has a 20pc stake, will be used for online payments.
It is believed that Frasers Plus could offer loans of as much as £2,000, which could be pooled for purchases across all of the group’s brands such as Sports Direct, Flannels, Evans Cycles and House of Fraser. Final details have yet to be agreed with regulators, however, according to industry sources.
Mr Murray is understood to believe that Frasers Plus’s standing as a regulated entity, through Findel, will set it apart from rival buy-now-pay-later providers such as Sweden’s Klarna.
The decision to offer financing in-house is a departure from rivals such as JD Sports, which relies on buy-now-pay-later payments provided by outside companies such as Klarna.
Bringing financing options “on balance sheet” will allow the company to boost sales while still retaining funds that would otherwise need to be paid to third parties in fees.
Frasers is hoping the initiative will enjoy similar profitability to other major retailers that offer purchase on credit. Next generates around £150m of pre-tax profit annually from its credit offering, Next Finance, for example.
Mr Murray is understood to believe that being regulated by the FCA should help soothe concerns that customers could be persuaded to buy unaffordable items.
“To be regulated is an enormous process,” said a source familiar with his thinking. “You need a track record of prioritising customers and treating them fairly.”
Https://www.telegraph.co.uk/business/2023/01/28/frasers-group-boss-mike-ashley-plans-major-push-financial-services/