Member Info for Johnnydurex

White goods are a necessity and go wrong on average every 5 years regardless of the state of the housing market

Great update and pleasing to see the investment into Digital making a significant contribution

This business will do well in a recession and from August we should see some strong numbers plus as MCL haven't accepted any government assistance the dividend should resume.

Imagine his embarrassment when West Newton proves its potential.
Anyway we don't need any further dilution

Now Boohoo supplier says it underpaid by £10m https://mol.im/a/8523459 via http://dailym.ai/android

To demonstrate faith in their stewardship of the company

From experience even in the better circumstances dealing with Thai and Nalaysian bureaucracy can be lengthy

Working on a project for the King of Thailand they once misplaced 2 tonnes of cargo at the airport

Seems premature to sell off right before some good news - Q2 production update now due plus riding POG and potential new,project details

Yes the results should be good- with a late surge in IT sales and sharply lower costs

The Nordic stores have continued to trade through out too

Wonder if any Directors will dip their hands in their pockets?

Germany remains a disappointment- and a drag on profits

And hard pressed Brits will carry on buying cheap clothes for sure so I'm adding tomorrow

Why would anyone accept such low than the minimum pay unless they're here illegally or claiming benefits- so perhaps the tax payer is the real victim

Results due at end of month- really requires clarity following Witecard / UAccount debacle - although accounts were only affected temporarily
What's hopeful is that MCL haven't found it necessary to Furlough any staff and while some may be saving Morses Club is a lifeline to others in these uncertain times
With the company not in receipt of government funds a dividend is much easier to justify although at 50p this is clearly very cheap

My average is 6p with this one - I'm justing for a whale like Disney to swallow it up for 50p

Interesting appointment of Zeus Cpital as Nomad - a good sign of positive news flow

and bye bye preachers of doom oh but wait "BooHoo have a 70% sale on" - I guess if you've been social distancing or possibly just had your head in the loo bowl you might not have noticed that just about every other retailer have similar promotions!
There's a mega profitable business here with 350 million on the balance sheet and loads of customers who will carry on buying regardless even if it was true that Boohoo were exploiting workers which they weren't. Look at Sports Direct BooHoo is in the naughty corner in comparison

In the annual report it said M&S have a new Director of Property who will be seeking to renegotiate leases and look at re purposing some larger stores into a mix of office/residential where they have too much capacity.
Landlords must realise that M&S generates premium footfall that is a fact. - the last thing they would want is for the shutters to roll down. Plus M&S own the Freehold to about 40% of their stores - an advantage not shared by the likes of John Lewis, House of Fraser, Debenhams

Gold is at $1794 with much more to come I think

**** poor RNS following AGM with am obscure footnote confirming 150 stores now operational

Then hold for the news - Q2 update due this month plus news of the new project could be strong catalysts

https://uk.reuters.com/article/uk-ssp-group-layoffs/upper-crust-owner-ssp-warns-of-5000-job-cuts-due-to-restructuring-idUKKBN2424RG