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And now I read Rihanna is taking her billion dollar lingerie business into brick and mortar.
The company is now turning to physical retail for growth, opening its own stores in the US next year.
European locations may follow after that.
Bloombergbusiness.
The CEO of Parade , Cami Téllez, in a recent article announced the company are planning to open their first brick and mortar store. This will be in New York and should open in November.
https://yourparade.com/
Rising Treasury yields in the US force the NASDAQ down 2.8%.
DOW down 1.6%.
Could be a top up day tomorrow.
Opened a position here at 290p this afternoon, courtesy of the general market sell off.
Very happy with the price and looking forward to some serious compounding!
Whatever happens in China or with gas supplies may impact the sp but shouldn’t affect the business.
A company lists on AIM for a number of reasons. Primarily it allows access to raising capital, no problem with that.
What stinks are the leaks to those in the know who gain an automatic advantage.
First experienced this in Autumn 2019 (from memory.)
I bailed and recouped my losses trading the backside off this in spring 2020.
I hope all comes well for those who have put their hard earned money in the company and their faith in DB.
Without doubt covid has had an impact on ABF and a big one at that. And yes, market uncertainty still exists but I can and intend to hold the right stocks for years.
I am highly encouraged about the future of the company and feel the long term story of ABF will be a success.
Today’s highlights for me are:
Twinings and Ovaltine continuing to make strong progress.
Silverspoon and Westmill sales significantly ahead of pre covid levels.
AB Sugar had a strong Q4 with revenue expected to be 7% ahead of last year with savings made due to the ongoing performance improvement programme. Demand in the European market to he ahead of production.
Work to restart the Vivergo bioethanol plant is on track.
Illovo revenues to be ahead of last year. Efficiency gains to be made from the performance improvement programme.
Operations in Tanzania to be expanded and when completed to more than double sugar production.
Ingredients revenues up on last year and the expansion of the Brazilian yeast plant is well underway.
All businesses in ABF Ingredients experienced an acceleration of market demand.
Agriculture, adjusted operating profit is now expected to be ahead of last year.
Retail, like for like sales are expected to be 3% ahead of two years ago and the school ranges and Autumn wear have started well will margins improving. Fifteen new stores worldwide with an expectation of eleven new stores next year…with an acceleration in new store openings.
Implementation of a new digital platform to enhance functionality.
Substantial net cash balances with Board approval of a financial leverage policy….I wonder that means.
Net cash before lease liabilities is expected to be up by £0.3B to £1.9B, DESPITE covid.
Next did a similar revamp a couple of years back to ensure stock accuracy within stores and from all accounts with great success as well.
Decent run up in Friday’s share price.
Hopefully bodes well for Monday.
Referring to Ikea’s purchase of the premises once inhabited by Topshop in Oxford St.
“Flatpack giant could help spark a post-pandemic town centre revival.”
Smiths Group has found a buyer, ICU Medical, prepared to pay $0.4B more for the Medical division, plus a $0.1B earn out.
Market seemed to like the news and if it hadn’t been a red day all round this would have closed up 5%.
Well, its been a great hold for me and have returned a good profit.
Decided to cash in and will recycle the monies into a couple of healthy divi paying companies on any Autumn correction or drama.
There used to be a good number of posters who would update this board on contracts, products and general information relating to the company.
Unfortunately they are no longer to be seen…or are far less frequent.
Quite sad as I thoroughly enjoyed the reads and appreciated their time and effort.
I have to admit that with my high paying dividend shares I just collect the divi, eat sleep, reinvest and repeat…
Always the worry that the sp doesn’t drop enough.
I think that may have been the case with DLG recently??
I’m especially wary if I’m happy with my original purchase price.
However, reading a number of posts about other high divi companies it does seem to work more often than not.
The “ethical” sector are avoiding O&G, mining, tobacco, cheap mass produced foodstuff…the list goes on…
Good luck to them, but many of these new green alternatives aren’t as yet showing a profit or have ridiculous valuations.
According to the Daily Telegraph:
Boris Johnson is next week expected to announce a manifesto-breaking tax hike to pay for the biggest overhaul in social care in a generation and bring down NHS waiting lists.
Possibly good news as long as the rise in the value of my holding is greater than the rise in my taxes…
Obviously SN products won’t be used to clear all waiting lists but the news could be a boost to income.