All good until you come to the outlook where it states "Group expects a modest sales decline in Q1FY24 before normalising in Q2"
I hope I`m wrong but I think that could send sp into the red.
For the following reasons I have sold my holding
1) ITVX .. overhyped and not going to attract many paying customers.
2) recent broker downgrades
3) Allowing sports pundit to use platform to spout his political views.
I have sold out.
Might be connected to Inspecs having Chinese manufacturing facilities.
Fall in sp in my opinion is overdone.
Do investors know much about this manufacturing partner?
It appears from the RNS that they haven`t kept up to date with recent good manufacturing practice.
The FDA may not be to blame .The partner may have taken its eye off the ball.
It would be nice if POLX clarify the situation.
For years we have heard the "jam tomorrow story"
Maybe this time we will see tangible results, that might get the sp back up to 35p.
The market seems to have over reacted yet again.
The Chief Executive , who has been excellent is leaving, but not for a while yet.It is not a sudden departure.
No doubt she will be involved in the process of choosing a successor and arranging a smooth pass over.
I have topped up.
The statement "the Company is completing its going concern analysis " has spooked the market.
Why did they put that in the RNS?
I have just doubled my holding. IMHO this will be up 15% by the end of the day.
Surprising that some people were selling today. Were the "get rich quick boys" expecting massive gains based on an interim results RNS? Alot of the gain had already been priced in.
Recovery is clearly underway and the Company has a much better strategy and management team.
Price imho will go to 10p/15p /20p but it wont happen overnight
Before investing in a Company you should do some research.
This is easy with retailers as you can get personal experience of their stores.
As an investor and customer of Sainsbury for many years I now conclude that it is not a pleasant experience shopping there.
At my local store some of the arrangements put in place during this period of lockdown are silly, resulting in long queues at the check outs. Couples are not allowed to shop together ..so to get round that ,husbands and wives now go into stores separately. This means 2 trolleys being pushed round ,bigger queues to get in ,or get out ,and slower packing at check outs .
In future I am going to shop and invest elsewhere.
I have reluctantly sold my shares.
Jet 2 is a great brand but the Government were slow to take action and now are over reacting.
Nothing is going to fly until housebuilding returns.