Member Info for Nate_D

Prev close 422.10

Open 412.20

Low 410.80

High 437.70

Close 423.70 +1.60 +0.38%

Not good news for UK Retail..

https://www.gbnews.com/news/wilko-administration-latest-update-jobs-store-closures

Thanks Wayne, that's useful information.

Welcome to the party and good luck with your investment, I think 390 is a good entry price 👍

Https://www.retailgazette.co.uk/blog/2023/08/asos-rokt-partnership/

02-Aug-23 16:35:19 422.10 187,187 Buy* 790.12k UT

Yeah, 418.5 to 422.1 = 3.6 in the 💙. Can't moan at that.

Https://www.fool.co.uk/2023/08/02/here-are-the-10-most-shorted-lse-shares/

ASC not listed in top 10 :)

BOO is at #9

I've not looked at the site recently. Does anyone know when they move from selling summer to autumn ranges? I suspect at that point we will see another sale pop-up to clear the summer stock?

I think it's a fair assumption that July trading has not been strong based on the poor weather. Forecasters are suggesting this to continue through to mid August also. On that basis, I don't forsee a September trading update, I think it will just be full results in October with what I anticipate to be a drop in sales but hopefully strong bottom line.

Mitchells & Butlers PLC (LSE:MAB), the hospitality operator, is an “attractive” industry player, reckons Liberum which was impressed by its sales growth in the first three quarters of its 2023 financial year.

Falling costs and rising sales were enough to send the share price more than 8% higher on Thursday, with revenues in the year-to-date 10% greater than pre-pandemic levels.

Strong third quarter like-for-like sales growth of 9.7% impressed Liberum because it's “the first ‘clean’ comparative period, unaffected by Covid or VAT” and signalled a performance ahead of the wider market.

Liberum’s guidance for underlying profits in 2023 and 2024 increased by 5% and 8% respectively, meaning a 6.8% growth in the next quarter is required to achieve this year's predictions.

A £50mln increase to the Harvester owner’s rolling credit facility, which is now at £200mln until July 2026, and the completion of a pension buy-in has “further reduced uncertainty,” according to the UK bank.

“The shares are attractive, trading on 2023 EV/EBITDA of 8.3x, falling to 7.0x in 2024. This is towards the lower end of the pub sector, which trades on an average of 9.0x and 8.0x,” the broker said.

Based on these factors, Liberum lifted the London-listed firm's share price target from 250p to 310p, representing around a 35% upside to the current stock’s value.

Shares in the group opened at around 230p on Friday but slipped a little over 2% before lunch.

"one positive update".....

Problem is, I don't see anything coming ahead of the official scheduled trading update. This board don't appear to have any desire to prop this stock up. Personally I anticipate more director sells ahead of any positivity.

Nothing good is coming any time soon that is going to take this to 400, let alone 800 or silly speculation of 1500..... Millions of shares have changed hands over recent weeks with NO TR1's. Mike Ashley is NOT accumulating.

This is being held down and will continue to be held down for the foreseeable future, I suspect September at least

Hey guns, you may well be right re cash.

After many years of building my LLOY portfolio, I hesitantly sold the lot today, I didn't want to bail but couldn't stomach the depreciation any longer. I will be back but I fear this has further to drop.

I've plumped for retail stocks, big recovery plays... Fingers crossed!

"The rest with share price movements is just noise."

Finally, something we agree on. Maybe now you could QUIT the daily noise of your stock appreciations.

Outside of your 'another good day' waffle, you do post some valuable contributions on this BB. I and others would have far more respect for you if you could just reign in that ego. Maybe just accept another's opinion once in a while.

You miss the point LTI. Just like you skirted my direct question?

Neither your IQ, not the value of your ([cough] fantasy [cough]) portfolio is of any interest to me or anybody else on this BB. I could not care less.

For the record, my IQ is not that high, all things considered. Also, my portfolio is not that big, all things considered.

However it is 9.1% smaller than it was last month!!!

Now, I know my IQ is smaller than yours, but even I can see that that does not equate to twenty something good days!

If this is not making sense LTI, may I suggest seeing a doctor. I suspect you may be suffering with what is commonly known as "small-man" syndrome. It is treatable, though it may take significant self-investment, just don't let that high IQ or fantasy portfolio get in the way!

"The only capital value that should be relevant to an investor are purchase and sale prices."

So why do you insist on updating this BB every single day with your fantasy stock portfolio appreciation?

Maybe now is the time to quit it LTI, because you just look like a complete fool.

Are you for real?

"capital values of stocks go up and down every day - absolutely no concern to me."

But EVERY day you come on here to declare to the masses that it's "another good day" with X UP & Y UP & Z UP, so clearly the appreciation of stock values IS a concern to you!!!

For the record LTI, NOBODY FKING CARES!!!!

You make yourself look more STOOOOOPID with every post!

No LTI, No. Even you cannot be stupid enough to truly believe that 9.1% capital depreciation in one month is good.

Get off your high horse FFS, nothing about a 9.1% depreciation of capital in a single month is good.

You really cannot be that stupid.

9.1% Capital depreciation in one month. Or as LTI would say, twenty something 'good days'.

You can't teach stupid!

LTI is too stupid to know the difference between a good and bad day. It's all just fantasy in LTI world.

You in Halfords? There's a surprise lol.

No doubt later today you'll be telling us you're in Ocado too...