Dallo - in recent years, no Director buys have been anything like big enough to suggest the slightest degree of confidence.
Most have been at or around the £20,000 mark. For IMM's Directors - based on the salaries they receive (note receive, not earn), £20,000 - even £60,000 - would be peanuts. Hardly a vote of confidence.
Nothing speaks louder than Directors refusing to back their own company. Even after a major drop in the share price.
Adastra - and don't you think it might just be telling that NONE of the Directors is buying in?
Bazaaman - I take it you didn’t follow any of ST’s buy recommendations on TEK then.
Barno61 - you do realise JD's been back in charge for some time already. And the turnaround's yet to make any great impact.....
Anyone who followed Simon Thompson's buy recommendation on TEK would have lost a fortune so far.
Just saying.
He frequently gets it wrong, despite his arguments often sounding quite logical & sensible.
Littlened - That percentage doesn't look right.
And in any case, 6 months is an even less relevant timeframe by which to judge SMT, IMHO.
Littlened - possibly, but you make one very big assumption there. Namely that past performance is a guide to the future.
Which, as we all know, is something every investment tells you not to assume.
I remain cautiously optimistic about SMT. But not, primarily, as a result of its performance over the last decade.
Gotrader - a) the share price ISN'T holding at 20p & b) nobody cares about Citigroup or any other institutional holder.
They care about IQE's sales & profits. Which at the moment aren't anything like forthcoming enough.
Sea - odd how the "rubbish tasting alternativers" you refer to get overwhelmingly positive customer reviews.
Just Google "low sodium salt", then point to all the reviews which say they're rubbish tasting.
Talk about never letting the facts get in the way of your unfounded rant.
Gotrader - nobody cares.
N1shares - sure, but Next is consistently making money. And growing.
Superdry? Not so much.
Lambo222 - who said anything about a 1p placing (other than you)?
You really are SO transparent it's a joke.
Go on sell your holding & give us a rest.
Martinu - yes it IS too early to say what you said.
Things are moving in the right direction. But they're moving slowly. Whilst Stephen could open his sweetshop shutters today, he'd have no customers waiting outside yet.
Let's see if that changes by the end of 2024.
N1shares - Sure, but Superdry's PERMANENTLY doing markdowns.
It holds frequent sales on its own website and a constant one via its ebay outlet store.
More tightly managed fashion retailers (like Next) aren't always having to mark stuff down.
The basic stock issue - in my eyes - is that they offer far too many similar styles within each product range. So whilst a few might take off, the rest languish until they eventually have to be marked down tpo make way for new lines. They must know by now which colours / combination of colours sell best year in, year out. And the proportions by size. Yet still they nearly always seem to be left with S & XL and the whackier colours in menswear.
Less is more with Superdry right now. Perhaps counter-intuitively, fewer stores, fewer staff (sadly) & less choice might well equal more profit.
IMHO, this article gives a fairly balanced account of where we're at. And how a more benign economic backdrop in 2024 might shake things up (assuming it comes).
Mind, the author does own shares in SMT. So he's not exactly neutral.....
https://www.sharesmagazine.co.uk/article/what-should-investors-do-with-scottish-mortgage
I don't hold SDRY shares. But I do wear their clothes, as I like their style & quality (less so the price).
TBH, I'm surprised there was any share price bounce here today. The RNS about press speculation simply confirms it's correct and that they ARE - as we already knew - in talks with advisers.
Friday's update is truly dire. For any retailer - particularly in the run up to Christmas's key trading period - a 23.5% fall in sales is fairly calamitous. And whilst the update only covered to end October, things sound like they haven't improved through to January.
Blaming the weather is just desperate. Next & M&S had exactly the same weather - and look at their results.
Sure, SDRY is right to be cutting costs - & stores - dramatically. Question is why it's taken them all this time to realise.
Trouble is, costs can't be halved overnight. And whilst a £40m saving a year might sound a lot, it's really not enough in Superdry's case. Plus, there's only so much IP they can sell off. And they can obviously only do this once.
Maybe Superdry will survive. I certainly hope so. Not least for all its employees & suppliers (though most of the latter are probably Chinese, so I'm less bothered about them). But assuming it does, it'll likely be a shadow of its former self. More a lean machine with genuine fashion & brand innovation. Problem currently is that its core market has largely deserted them. At which point, continuing to slap prominent Superdry branding onto most of your garments becomes an abject lesson in self harm.
D.monies - thanks. You pretty much answered Seamanp911's question for me!
No - I haven't sold my stake as I'm still hoping to claw back some of my losses. Being realistic though, I can't see breakeven ever happening in my case. Reduced loss at best.
I suspect sentiment towards the type of holdings Tek owns may improve in the year ahead, as inflation plummets and interest rates slowly but surely react. However, as I've said multiple times now, I think Tek's strategy of holding long term, rather than part-selling out around IPO stage is DEEPLY flawed. And Tek's share price suggests I'm right. Never mind the fact it seriously jeopardises our chance of EVER receiving those much vaunted (but never issued) special dividends. Which was the main reason I invested here in the first place.
Hookumhall - It's an inexact science. Transactions are logged as buys or sells, based on whether they're priced north or south of the midpoint. Also, you do realise the London Stock Exchange only logs genuine transactions as opposed to fantasy ones?
Lordmakealot - as I've said before, unless anyone intends selling their Tek holding the day Microsalt IPOs, it's largely irrelevant what Tek's share price does on the day.
Sure, it may climb a bit initially. Then when Microsalt's SP drifts/crashes back to earth - as both Lucy & Bell did - Tek will be left in much the same position as before, ruing the day it hung onto its full stake. This will be followed by further dilutive fundraises as Microsalt raises cash for future orders. Who knows, Microsalt may end up doing OK (though I doubt it, given Tate & Lyle's lack of success with a near identical product). Either way, Tek will be left holding an ever-decreasing slice of the pie.