Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I like researching for unloved, out of fashion companies with good turn around potential.
PZC certainly fits the narrative.
I decided to open a position here sub 200p last week.
The main driver factor for me was the appointment back in 2020 of a new CEO.
Jonathan Myers started with PZC in May 2020 and his company readout and experience is impressive.
Outstanding even:
Avon
Procter & Gamble.
Kellogg.
He has had a lot to deal with and get right but he’s the calibre of CEO to add value to this company in 2022 and beyond.
@TheThinker. Couldn’t agree more as regards folk having to watch their pennies.
From my reading a lot of the big retail boys seem to have got their act together earlier on in the year and placed their Xmas orders in good time.
The big supermarkets have to offer a balanced selection of stock for the “weekly” shop. Shoppers will soon moan if they can’t buy the milk, bread…these items can’t really be substituted.
Milk is milk.
However, BME hold an advantage when stocking their shelves because whilst there are certain products customers will expect to see in the store, most empty spaces on the shelves can be filled with items that aren’t necessarily replacements but will entice the shopper to buy them anyway.
Almost akin to “job lots.”
Keeps the tills ringing.
As per the recent trading update, the CEO stated “We have responded decisively to supply chain issues….as a consequence we are fully stocked heading into the Golden Quarter.”
I decided to open a position today sub 575p.
Lets see what the next trading statement says…personally, I think it could be very good.
Given what the world is going through not a bad update. “On track to deliver at the lower end of full year guidance.”
Obviously supply chain issues but that’s across most businesses and no real surprise. Interesting to see how the market views it all.
The vast majority of divi paying companies see their share price fall more than the actual divi.
Some investors like me who are holding for the income just ride it out whilst others prefer to sell their holding before the ex dividend date and look to buy back in cheaper.
Horses for courses.
Article in The Guardian reporting the Christmas advertising this year will be significantly higher.
UK advertisers poised to spend an extra £1bn on Christmas ads.
https://www.google.co.uk/amp/s/amp.theguardian.com/media/2021/oct/28/uk-advertisers-poised-to-spend-an-extra-1bn-on-christmas-campaigns
If it drops further and touches 1650p then I shall considerably increase my exposure in ABF and raise a glass to those who are selling so cheaply.
Click the link in my previous post and see what’s happening over the water.
https://www.retaildive.com/news/pandemic-rebounds-5-retailers-that-bounced-back-in-2021/608189/