Member Info for mick-b

Inflation in the U.K. eased to 3.2% in March, the Office for National Statistics said on Wednesday.

That was slightly higher than the forecast of economists polled by Reuters of 3.1%, but was down from 3.4% in February.

FTSE100 FLAT

https://www.ig.com/uk/indices/markets-indices/ftse-100

https://www.baha.com/Europe-mostly-lower-premarket-ahead-of-CPI-reports/news/details/61867884?internal=1

Looks like the US aid may be approved.....it's being broken down into bits

By the end of the wee.

Beeb reporting....

"he Norton Nemeses is a pre production prototype that was made in the late 90's with claims of a 200+mph top speed from its 1500cc fuel injected V8 engine. "

Blimey that's flying‼️

Https://twitter.com/cookieninelives/status/1780209457764470789/photo/1

The Mayor of Brussels has given an order to shut down the National Conservatism Conference

Nigel Farage and Suella Braverman are in there and will be removed by the police if they don't leave.

FINGING BRILLIANT

Stockopedia's Paul Scott opinion -

This sounds grim, and I won’t be tempted to catch this particular falling knife. DOCS clearly has lots of problems.

Is it likely to go bust, or need an equity raise? The last (Sept 2023) balance sheet showed only about £99m NTAV, and hefty net bank debt of c.£275m. So investors need to look carefully at the terms & covenants of the bank debt. Banks don’t like funding excessive inventories that aren’t selling, and DOCS will have to figure out how to shift its excess inventories (that means discounting, which lowers profit margins of course).

The trouble with holding shares like this, is the temptation to average down because it seems cheap. However, at £666m market cap with little asset backing, and a big profit warning today (FY 3/2025 profit could be up to two thirds down on FY 3/2024), I’d say it’s actually not cheap. DOCS looks like an opportunistic float at an over-valuation during the pandemic boom.

The CEO says he will step down and hand over to the COO this year.

I think it could take a year or two to sort out this business.

Overall, it’s a mess, so it’s an avoid for me at the moment

BBC News - Superdry to quit London stock market in huge restructuring

https://www.bbc.com/news/articles/cl7ledeq02wo

"Long-term sickness hits record high

The number of people out of work due to long-term sickness has hit a record high, official figures show.

There were 9.4m people economically inactive in the three months to February, according to the Office for National Statistics, which is the highest since 2012.

Of those, 2.83m said long-term sickness is the reason they are out of work. "

26% of Brits are obese.

BAN JUNK FOODS

50p live price

FTSE100 🔻 1.2%

https://www.ig.com/uk/indices/markets-indices/ftse-100

https://www.baha.com/europe-lower-premarket-ahead-of-eu-trade-balance/news/details/61859212?internal=1

‼️BUCKLE DOWN - SEATBELTS ON - WILD RIDE‼️

FTSE100 🔻 1.2%

https://www.ig.com/uk/indices/markets-indices/ftse-100

https://www.baha.com/europe-lower-premarket-ahead-of-eu-trade-balance/news/details/61859212?internal=1

‼️BUCKLE DOWN - SEATBELTS ON - WILD RIDE‼️

THREE more criminal trials....

LOVELY JUBBLY .

"Dark matter which, despite being invisible, contains 95% of everything that exists."

mind blowing

Stockopedia comments

down 82% to 0.425p (£1m) - Corporate Update -

Says it’s struggling to raise more cash, and that alternative options won’t leave any value for shareholders. That’s it then, looks like it’s a zero. Obviously we don’t cover the resources section here in the SCVRs, but an 82% share price drop today caught my eye and meant I had to do a spot of rubber-necking. It’s been around a long time, listed on AIM since 2006. Tried to develop nickel projects in Brazil.

TERMINAL

The first criminal trial of a former United States president will begin today at 10 am ET with the jury selection in the case in which Donald Trump is charged over alleged hush money payments to adult film star Stormy Daniels.

Trump was indicted by a grand jury in New York in March last year on 34 counts of of falsifying business records in the first degree in an effort to "conceal crimes that hid damaging information from the voting public during the 2016 presidential election." He is accused of instructing his then-lawyer Michael Cohen to pay $130,000 to Daniels 12 days before the 2016 election to keep her quiet about their alleged affair. In 2018, Cohen pleaded guilty to multiple crimes, including two counts of making unlawful campaign contributions, and was sentenced to three years in prison. He later said he is willing to testify against Trump.

The former president has pleaded not guilty to all counts and unsuccessfully tried to delay the trial, claiming the decision to schedule it amid the 2024 primaries was "election interference." However, he did say he is willing to testify in court because he wants to "tell the truth."

Baha Breaking News (BBN) / NP

Looks terminal...

💪 💪

FXPO

A vital Ukrainian asset.

Maybe Putin sees that too.

So spares it...he doesn't want to takeover a barren land.

FXPO

Plant could be blown up at anytime.

A vital Ukrainian asset.