The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Good to see the upward pressure in price after what I always felt was an overdone drop. Looking at heading north of the IPO price within the next few months is my hope, but it'll be a long term holder for me - a good solid company and we just love to pamper our pets, as that last trading statement shows!
Tuck it away and see how it looks in 5 years was generally my thoughts. Or, sell if the economy looks like going belly up before then. I think it's a share to be patient with and reap long term rewards, rather than a get rich quick share.
Last time I needed carpet, I looked in at Carpetright and the store was empty, and the goods seemed a little pricey. In the end I used a local independent whose Customer Service was way better than Carpetright's, and whose services cost me less. I see problems ahead for CPR - perhaps a new Head Honcho will revitalise what seems to be a struggling business?
Mr Bobs, *All* of the Nightstar stock went to Canada I think. As for the traction provider for Serco, I think it's GBRF providing Class 92s for the Glasgow/Edinburgh-Euston legs. Lord knows what they have in mind for the Edinburgh-Aberdeen/Fort William legs. I expect First will keep Scotrail as well for what it's worth - too bad Virgin's PR machine contrived to mess up the WCML contract win.
Mr Bobs, The Sleeper franchise was a bit of an irrelevance quite honestly - 4 core trains per night. It is only commercially viable courtesy of heavy subsidy from the Scottish Government and the Mark 2 and 3 carriages used are somewhat ancient and in need of replacement (franchise winners Serco are apparently ordering new carriages). I expect the market shared my view that not having the Sleeper franchise was actually a blessing!
Hmmmm, the ECML is viewed as a good franchise to win, yet it has been the subject of defaults by Sea Containers and NatEx after they overbid. I'd not be surprised if First won the ECML franchise as compensation for the utter farce that was the West Coast award and subsequent cancellation, and any franchise win would boost the share price for sure. Shortly after that, I think I'd sell up for fear of lightning striking the cursed ECML for a 3rd time!
Seems to be a lot of selling activity today here. I'm presuming those who were hoping to make a fast buck are bailing out. In time, I can see this being a nice steady safe share to hold with solid but unspectacular gains, but I do believe it's a little overvalued at this point in time. Good luck to all holders here, it's on my watchlist to perhaps buy in in the future.
Anyone else see this being a repeat of Pets At Home? I stayed out of this IPO, though my retired old man told me he was going to have a punt - I almost feel like betting against him and opening a short with a target of 150ish from where perhaps it might or might not be worth going long. Ponder....