Member Info for NickRubens

Briny "Why the drop in SBRY and TSCO today"

That's what happens in a market. I added a few around that time, and looking much better today, for today at least!

Final results on 17th April, so I expect the SP to be higher approaching that date because the results are going to be really good for the last full year, though the market will then focus on what Sainsbury can do to mitigate the NI rise facing all employers.

After results being so good. Took a few yesterday but wondering if I should have got a boot load?

The market must think it's going out of business or something?

Took the opportunity to sell this morning for around break even from my last purchases . I would love the company to grow again, but it's been continually selling property assets and I find that Midas share tips are useful for exiting shares I'm unhappy with. Still, I wish the company and it's shareholders all the best and I may be back again if company fortunes look to be improving.

Cheers Stupmy, I bought some shares soon after posting that because I think it's in the price and all retailers will be clawing back in price increases. The only unknown is if overall demand drops as price increases kick in post April, but that affects all retailers and Sainsbury's, Asda, Aldi etc have all indicated they have to mitigate with price rises and possible job losses and/ or reductions in recruiting.

Well that's the thinking though I might get cold feet if it doesn't start moving up or even increase my holding on any more weakness, such Is my mind changing like the weather! lol

Stupmy... Yes the shares look cheap but the market is nervous ahead of April's 'headwinds' as described in the last update (ie additional NI costs). Most or all employers will be facing similar.

The reality is, a massive shift of what was once shareholder's (Company) money, to the government coffers, but will eventually be paid for by consumers and the public via inflation and job losses.

When executives buy pitiful amounts of stock, it puts me off even more. The market valuation seems to think SWG are eventually going out of business or there is no future in it's current listed status. Is this stock price the bargain it appears to be?

Iraq coming back to the limelight would be transforming, so hoping for something there. They did employ an insider local to negotiate what was happening with their licence. I've had these that long that I forget the name of the oilfield on the spot.

JG68 I think we all share your frustration with UK plc. Shorting is an interesting activity as I understand those shares being sold belong to someone who is effectively 'hiring' them out, so by the time they get them back I wouldn't have thought they would expect too much destruction of the SP or at least expect it to be only a short term or ill judged activity with a recovery afterwards.

The shorting that concerns me are those horrendous dilutive forward sold placings that the AIM market micro cap companies have been poisoned with for the last decade or so.

Like Senator1 says the shorters are just future buyers in waiting, so as long as the company isn't on course to fail or decline operationally, they are only a shorter/medium term hindrance.

JG I'm waiting for a buy opportunity here to trade shorter term as like you say. long term ownership of companies seemingly brings no rewards unfortunately.

I think it's been around 30 years now since the decline of the UK started. No matter how hard people work or invest, successive governments seem to be hell bent on destroying any chance of anyone benefiting from their own hard work and risk taking.

JG68 "Share price now lower than 19/20 and we're making double the profit. "

Value will win out in the end. B&M operates in France as well as the dysfunctional UK. Reeves's NI increase will be passed on in higher retail prices and job reduction. Working people will be squeezed further with inflation and tax but that money will find it's way to non working spenders so I don't think there will be a decline in overall grocery spend in the UK. Either a working person spends his money or someone else takes it via the benefits or public sector and spends it anyway.

It's the potential economic and societal decline overall the UK faces that is the bigger concern.

Just sold my CNA after more than ten years holding them (at a loss) and bought back in to B&M!

Only nibbling at the moment in case it's not the bottom, but looks oversold to me. B&M have the lowest staff cost (or among the lowest) in retailing in terms of numbers of staff ( according to their recent update).

I believe after April's NI rise gets added to retail prices, B&M will see more footfall for bargain hunters, so hopefully they can keep their prices competitive to retain that expected increased footfall. B&M also plans more additional special dividends along the way. So those are my reasons to hold and especially after the recent relentless falls.

That's my reasoning, for now at least. GLA whatever everyone does in uncertain indebted Britain.

I keep thinking the market has got this wrong with B&M, allowing it's mkt cap to slip away like this, but time will tell.

Having said that, I sold out myself shorter term because I suspected the market would get nervous ahead of April's NI rise ( whether justified or not ), especially as retailers having been asking for a more progressive implementation of this huge NI rise, over a few years.

Can't see there will be any real problem with the special dividend being paid to everyone.

Was looking good this morning and now seemingly falling out of bed or something? They have though just paid out 12p a share .

This NI rise this April is holding all retailers back with uncertainty on how it will affect spending once they try passing the increased cost on.

POSTI The market must be looking ahead, so despite these better than expected numbers they must think these are the last ones after years of annual cost cutting and the 'expected' (for a few years now) decline in profitability will follow.

It does look cheap on the face of it, but the market is afraid to own it at a price that treats it as a potentially growing company.

Thanks borrowfunds for the up to speed state of events here. It's on my keep watch list now and I'll take note of company updates from today.

But perhaps not surprised at the share price today after many years of following Black Vodka (Blavod)which I thought was genius back in the day. Any long tern holders able to give a state of the finances here? Debt etc?

To me the SP is suggesting a fund raise will be needed and hence dilution, but I've not checked accounts yet.

Mekas "This company needs a decent rising profit to get back to where it was share price wise."

Yes, that's the tough part and for many companies with highly paid executives and staff, almost impossible and in many cases not possible hence a big industry working in administration and receivership.

I keep looking at this company but never feel confident I'd ever see a return on my money or even my money returned, but hope I'm wrong for long term investors here, and hope I'll get on board in time should I be proved wrong.

I used to own shares here what seems like decades ago until it lost it's earnings momentum. I see things haven't changed, though I do note it's risen strongly from historical lows of around 30p not too long ago.

Not one I get too interested about anymore.

"It makes you think what is the point in buying more"

It's a had a good run the last few days. The good earnings will help underpin the business. Headwinds post April won't help as with all employers and slowdown in economy ( ie NO GROWTH ). This looks like one to keep an eye on and buy any dips should the market allow as long as no bombshells emerge. You never know with this Lay about Gov.

Have looked at this on and off before and residential property looks a good bet on the face of it, but with these higher interest rates pushing up borrowing costs, this is the only reason I can think of for the shares coming down in value.

Seems to be a lack of interest here on the discussion board also of late.