George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Intersting to compare EBIDA level returns across each business over the past 3 years.
The AO team has just signed up to take space in a small number of Tesco stores, taking space previously used by DC.
Be interesting to see how that goes.
Context. Small investor only hold 3800 shares, average buy price £2.31.
Would be interested in guidance to confirm a couple of points and to check my understanding.
There was reference on here to a minimum of £10,000 investment to be able to take up the offer. I can't see that on the presentation pages within the deck they state: 'Fully pre-emptive, all shareholders able to participate (subject to certain restricted territories)' (taken from the investor ppt on the RR site) Am I missing something ?
Ether way I had £8.8k in and now paper loss of £4.1k (46%). If I did buy in on 10 for 3 I'd have put in another £4.1 to take me to £12.7k and be carrying a future of average of 76p per share...against there estimated value of 45p (the 32p after 41% discount stated) So, still down 30p per share or £5k loss...
I guess the story there would be hold for 3-5 yrs in the hope of a climb to nearer £1 to give a 31% uplift on overal investment
Questions then are, did I miss the £10k minimum investment element somewhere and are my maths right ?
Thankfully dont require the funds in the near term. Sorry for basic investor 101 post to those far more qualified than I.
They put a statement out yesterday pressing for the case to be thrown out as many within the class action did not actually make any purchase and also that the actual retail purchase prices represented strong value and as such no one missed out
Key challenge is the timing as it was known prior to refinancing round. No further comments on when to expect further news
Retail week article on it dated yesterday below:
Boohoo has asked a Los Angeles court to dismiss a $100m (£79m) lawsuit after it was accused of deliberately offering “fake” discounts.
In the latest of a string of scandals, Boohoo and its two subsidiary brands PrettyLittleThing and Nasty Gal face civil claims that they ran fake sales duping customers into thinking they got a great deal, as originally reported by The Telegraph.
The group is accused of inflating original prices to levels they would never previously have expected customers to pay and then offering big discounts.
One of the three court cases was filed in April, but not disclosed to investors before the group undertook £197m of fundraising in May, further adding to the scandal.
Boohoo has asked the court to dismiss the case on the grounds that, whether they were victims of deception or not, customers were not left “out of pocket”.
I'm one of those who thouhgt RR would pull back from what was then a value share @ around £2.40 average, seeing a build a month ago came in and now standing on a £2.31 average and a paper loss of -36%.
I'd consider this a 5 year turnaround with a hope of north of £3.00 and I'd take a 6% gain per annum over the next 5, although to get there at what is now a 100% increase is stretching my even my positive imagination...
Thoughts on 5yr point ?
I’d say the strength of this weeks update and the already known closure of the standalone stores would net this out. Simple fact now is Dixon’s is now broadly been measured as a single Currys brand again, and on those terms is good value. I’d hold for now and see where it goes. I came in at 78 with a small volume with the view of £1.00 in 2 years.
Been great to see the conversation following my post, thanks all.
Learning everyday in reading the boards from some wise thinking.
One thing is sure, the ups and downs can reflect trends, news, thoughts, views and occasionally facts.
As long as the house isn't on the strength of these investments, I'm happy to learn.
I am considering topping up a little, to average down below £2.50 for a clean mark, then hold for 2 years as I hope to see around £3.50 by then. I feel that looks possible as still less than 40% of the last 5 year average at that point. May end up a 5 year hold to be £4.50 but again, long term is fine and that would still see a very healthy return vs banks of 16% per annum
Given the chance I had on Tuesday to realise a small profit (bought in at £2.58) I am frustrated I didn't make the call to sell and re-purchase on this mornings news, preferring to test my resilience as I'd said I would hold when first buying in.
Now down 8% I see this as a longer hold to recover, but won't knee jerk at the current loss. Missed a good chance.
Was always going to be a risk stock in the current climate, could need a year to see profit from here in my opinion
Holding well on a difficult day, nice to see, should give some confidence of future growth of i'd say another 5-8p in the coming weeks as more is known about the benefits of the cost cutting programme to lower the cost base
Agree with your view of below £3 offering strong value,
I'd hope that to read £3.50 at some stage post results so a good time to top up. I'm only a small investor in here at 2.43 for £6k invested so already seeing good returns. £3.50 in the calendar year and I'll be very happy.
Its all about not knee jerking and holding nerve when we see the tougher days, looked promising around 11am
Pleased to have bought in just in the upturn at 2.22, looking for a medium term of 12 months to be around 3.40, everything is so volatile at the moment, some real rollercoasters. I’m also in RR and IAG, all now thankfully above my buy in level (just), I know the red is only a loss when sold but not good for the blood pressure !
LIBERUM RAISES DIXONS CARPHONE PRICE TARGET TO 150 (135) PENCE - 'BUY'
Some confidence there
Thought the same, perhaps the results have given everyone a lot a think about !