The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Yes I noticed the same thing, and briefly I wondered if this was the start of a general pull back in the markets after what has been a very good run recently. It appears to have been a blip? Markets although down at close of trade, certainly recovered from where they seemed to be heading.
The latest industry figures from Kantar show total grocery market growth of 11.7% to £11.6bn in the four weeks to 27 December, with sales of grocery goods jumping 13.6% among supermarkets and dedicated food retailers.
Kantar’s four-week market figures seen by The Grocer show almost all of the major multiples in double-digit growth during the period.
Tesco, which has yet to officially report its Christmas figures, was the leading big four player, with grocery growth of 14.3%, followed by Morrisons at 14.1% and Sainsbury’s at 13.8%. Asda was the only big four player to lose market share over the period, with growth of 9.8%.
From the Sunday Telegraph. "Supermarkets have toasted a record-breaking festive season, fuelled by tightened pandemic restrictions that shuttered “non-essential” shops, as well as pubs and restaurants".
Well we all new this anyway, but lets hope current non investors in Tesco read it, and it gives the share price a boost before the trading update on the 14th January! GLA
I invested last week at 1337.00 in both my wife and my own SIPP, as well as both our ISA's, so a fairly hefty investment overall. Not sure, if the share price as reached bottom ( wish I had a crystal ball !)but l don't think were far off. I hope for a full recovery in the share price in the second half of 2021, and happy to hold on that basis as well as the expected continued favourable yearly dividend. GLA
In the last set of annual accounts they created a £17m bad debt provision for Covid 19 related debts, so it's possible they have already accounted for the expected loss of some of their client business, next year. They also have circla 1.2 billion of cash and liquity. I think that this business may be one of the recovery plays for second the half of next year, so currently I am happy to hold. Always DYOR, gla.
Yes, I've bought in today,in both mine and my wife's pensions and ISA's, so a sizeable investment. Expect some violitilty over the next three months or so, but surely GSK performance will benefit from a surge in medical procedures once things hopefully start getting back to normal mid 2021, and if they maintain the dividend which has been rock solid for many years, it shot entice more Investors. GLA
In my opinion, the business fundamentals are sound, and as previously mentioned, investing in Cloud - based technology can only enhance the fundamentals further. I am happy to hold and wait for an uplift in share price.
But as always DYOR, gla.
Well, hopefully we have a number of positive RNS coming our way this year, starting with the Q1 trading update in a couple of weeks, and then hopefully confirmation of the pension arrangement and then hopefully the Hovis sale.