Member Info for lland

Cold weather on the way. Last brief spell had increased sales for a few days in September. Hopefully the October/November blast will produce some good results.

Came back in today on the dip, but small position.

I think we're still at wait and see. Feels like close to bottom with still good numbers, so lots of potential upside with limited down, but I've been wrong before.

Actually I was commenting on the possible motivations for the Board. I’d love him back and agree with you. The B&Q guy needs the help.

Possibly ineptitude, arrogance, pride, protecting reputation, etc. None of which would be legitimate reasons.

You may be right, but perhaps he’s in a position to force their hand with the right backing?

Times piece this morning. Dunkerton doesn’t like the current direction and wants back in. I’m reminded of INTU at this point.

Sorry folks, I've had enough.

Three 3% SP swings in three days with no news and 14.3% shorts. It's criminal what's happening to this SP, but the shorts seem to have control at the moment. Managed to average down the other day and sold at break even earlier today.

Despite the concerns with regards the pace of vet growth and profit, this is a solid company with a good strategy and should be trading at least 30% above where it is now, but a small investor can't fight the big boys alone. If I had a bigger pot to play with, I'd stick it out for the big win, but there are better positions to open at this point without the significant headwinds from the shorts that this is going to face. Good luck all!

Time will tell. Certainly does feel like strings are being pulled somewhere.

I notice on the House of Fraser website today that there are Mulberry items available for sale again. Seeing as a substantial contributor to the fall in the SP was the loss of concessions at HofF and outstanding debt from them, and they're back in stock there, I'd say this is a good time to invest. IMHO.

No debt, continued forecast growth, brokers continue with a Buy rating, good dividends. The shorts have easier targets.

Great post S19gls. At last the voice of reason.

moniman - interesting article. Would break open the champagne to see the PETS shorts get stuffed like this.

In a normal world, I'd say that the failing of yet another competitor whilst TCG's airline is doing well would be excellent news and demonstration of the company's strength and experience in the sector. This is however Brexit and shorter's world, so your guess is as good as mine.

Well, I'm already properly committed at this price. Like you say avocet123, at the very least they'll soon realise the opportunity cost of them wasting the money trying to push this down will be all the other sure bets they could be in instead. Just going to take some patience.

Wild 3% swing today between 124.6p and 118p, with no specific news and favourable broker ratings. Manipulation or worse?

I was thinking that too, despite the injustice of it, as the airline part of TCG is doing very well.

Here's the presentation from their website. I think they're on the right track, they've just hit a bump in the road this summer. Autumn/Winter season will be very interesting.

https://corporate.superdry.com/media/2534/cmd-presentation-oct-2018.pdf

It seems that a lot of the poor sentiment is around the city's concern on how long the veterinary businesses are taking to get into profit, and the knock on effect on cash flow and profitability. In addition, the Home Office doesn't have vets on its list of shortage occupations at the moment, which may result in a shortage of veterinary staff from the EU post Brexit, which may dent growth.

Personally, on both of these points I think they're way over done, especially with a 14% short selling ratio. A good proportion of the current vet practices are due to reach maturity and profitability shortly, nothing is set in stone with regards the Home Office shortage occupation list and the business fundamentals are sound. As said before, I'm more than happy to wait this out, enjoy the income and enjoy the SP leap when the shorts vacate.

Is this going to be the shot in the arm that SDRY needs? Hoping that they'll be showcasing a more compelling female offering and mentioning some better numbers.