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The Preston shop opened on 22nd October and has had people queuing out of the door! http://blogpreston.co.uk/2015/10/patisserie-valerie-opens-in-preston-with-queues-out-the-door/ Another store opened in Birmingham yesterday. With 48,000 likes on Facebook, Luke knows what he's doing!
Grafton Group plc Trading Update 9 July 2015 Grafton Group plc, the builders merchanting and DIY Group with operations in the UK, Ireland and Belgium, issues this Trading Update for the six months to 30 June 2015 in advance of the Interim Results which will be released on 27 August 2015. Group Revenue Group revenue for the six months to 30 June 2015 increased by 6.6 per cent to £1.08 billion (six months to June 2014: £1.015 billion) and by 9.5 per cent in constant currency.
Many thanks for all the posts MY21. Do you want to chat about WPP on Blueshare.co.uk?
Shorters meant to buy NWR shares, but have bought NEW by mistake! Now panicking, as not enough NEW shares to buy back! Monday should be interesting on NEW.
Neil Woodford included Game in his Equity Income Fund. He is known for discussing the businesses that he invests in with management, so I'm sure he'll be taking an active interest. His researchers are probably reading this bb!
They could do so much with this company! My kids love it, as you can trade your old games and buy second hand ones at a good price. Where they go wrong is not price-matching the supermarkets when big new releases come out. So many kids locally bought FIFA15 last year from Sainsburys, which was selling it for £10 less. We bought an Xbox 360 from Game, but then found it cheaper in Sainsburys and felt annoyed. The guys in our local store are really friendly and helpful, but the store itself could do with freshening up a bit and definitely a hoover (it smells so dusty, it makes me sneeze every time I go in there). The are still too many people buying through Amazon, so they need to price match. The loyalty card is an incentive, but so many of my sons's friends give Amazon gift cards/vouchers as presents, rather than Game vouchers.
I notice from previous posts that you are keen on using correct grammar. I assume it was a typo when you wrote "it's" with an apostrophe, because an apostrophe is only needed when it is short for "it is."
The share price has risen by 10% since the consolidation was confirmed at 401.5p. Am expecting a lot of profit taking over the next couple of days and for the price to fall back to 400p - 410p. Unless there are any further RNS's, it will be fairly quiet until just before the ex div date in early April.
Just to sat that iWeb's initial charge is increasing from £25 to £200 from 16th March. http://www.iweb-sharedealing.co.uk/charges-and-interest-rates/charges-for-all-trading-accounts.asp
I've been in and out of this share for years. The dividends have been good, but the share price hasn't risen much in the last year. Any thoughts about the return of cash and the effect on share price? There was an initial rise when this was first announced.
Conatus Capital Management and Emerging Sovereign Group, two US Funds, increased their short interest on 2nd Dec. http://shorttracker.co.uk/company/GB00B019KW72/all I suspect that a big US company might be interested in making a bid. Quatar made an offer 7 years ago of 600p per share. The price rocketed, but fell back when the offer wasn't accepted. Quatar are still a major shareholder. Sainsburys has a huge property portfolio, which they should keep (there's talk of them being persuaded to enter into a sale and leaseback). They haven't exploited their internet business for non-food sales and should use their distribution network to be a proper rival to Amazon. It's nuts that an American company like Amazon can just enter the UK market without any competition (apart from concerns about paying its staff poorly). Lots going on here!
If you look at the list of shorters, the UK and European fund managers have decreased their position on SBRY, whereas the US fund managers have increased it. Here's a link showing that Emerging Securities got it wrong on Europe earlier this year. They are part of Tiger, who are known shorters. http://www.bloomberg.com/news/2014-04-22/carlyle-esg-funds-tumble-with-wrong-way-europe-u-s-bets.html
It's reported on the shorttracker website: http://shorttracker.co.uk/company/GB00B019KW72/all Some are foreign Fund Managers, so have probably picked up on the fact that there's too much competition, according to the press, in the UK supermarket industry. However, they have made a mistake with Sains IMHO. The fighting is between Aldi, Lidl, Morrisons and Asda. Sainsburys shoppers are more affluent, mainly London and South East based, and don't shop there. Sains still has huge potential to expand into areas which Tesco discovered, whereas Tescos appears to have lost its way.
Shorttracker.co.uk shows who is shorting. The last fund to increase their position was Odey Asset Management on 13/11/14. Och-Ziff Management have decreased theirs on 17/11/14. I'd say the share drop is just due to being ex div. I don't think Sainsburys will be the victim in the supermarket squeeze - it's in a very different part of the market to the other firms and has plenty of opportunities to expand into non-food internet sales, like Tesco did.
Sainsburys looks like it's been the victim of short-sellers. http://www.beststocksrightnow.com/stock-news/9-most-shorted-stocks-in-uk It's easy for them to get away with saying that there needs to be some rationalisation of the UK supermarket sector.
The irony is that someone identified TW's friend, Simon Cawkwell, as a troll on the ADVFN website! http://uk.advfn.com/forum/31011028
Never realise a loss! Have just bought some NG shares to hold long term. I like the dividends.
Tesco's has got problems, having expanded so quickly, (I suspected Terry Leahy knew it was a good time to leave!). They were showing a mothballed new Tescos superstore on the tv the other day, However, Sainsburys has a different profile to Tescos and Morrisons. Sainsburys is mainly based in the south and luckily we have weathered the recessions well. Sainsburys also has plenty of opportunities to develop its online store and ought to be competing with Amazon for non-food sales. Its market capitalisation is a 1/3 of Tescos and I believe it has plenty of opportunities ahead.
I was amused that Branson's previous stockmarket flotation back in the 1980's was launched with the strapline "from the rock market to the stock market." He has taken Northern Rock this time to the stock market! I was a student at the time and invested some of my grant in the launch, which flopped, however, I always admired Branson for having the decency to buy back the shares about a year later at face value.
This is still a hugely popular company; so many women prefer to buy online, especially since Suzannah Reid says that she gets most of her clothes from Asos. With Christmas party dress season coming up, this must be a "buy" over the next few weeks