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Just got home and seen the nonsense price action today. HTG is now a very clear buy so will open a position tomorrow. I understand people get frustrated by stupid downward moves like this. Don't! See it as a real buying opportunity. Do you think in a week's time this will be above or below £3? And in a month? A year? GLA.
Hunting promoted to the FTSE 250 is now official. This share will just keep getting better and better.
Chairman will go tomorrow.
Anheuser Busch has lost 8 billion since that article. I suggest it was written prematurely!
If Peter Flavel goes the rest of the Board may just save their skins. Chair going next year of course. He may even step down early to staunch the bleeding. I know many have said this on here so sorry to repeat but these are self-inflicted wounds by people who are paid top dollar. It is shameful. There seems little honour out there at the moment. Executives promoted above their skill level who believe their own hype. God I'd be angry if I worked at Nat West. Thankfully I'm retired so blood pressure not as high as it could be!
According to SKY the Board is still backing her but will take this into account when reviewing her remuneration! Really, you can't make this up! Do they honestly think that is an appropriate response? This will now merely drag out even longer and make it a hotter topic than it was this morning. Idiots!
And in the final few minutes here comes the rush to buy. They know what's coming....
Buy tip for Hunting today
First class rise today when you take into account the wider market falls. Had today been an up day generally we could have seen +30% here.
At least the Curry's tea have been able to spend time celebrating Pride this year. That's got to be worth...um...well, it's...er...
Google showing SP at .77p! No idea why.
More weakness in the SP today. Not surprising given you know who said you know what. Can't help feeling the coming weeks will be one step forward then two step back as we drift lower ahead of the next results. I don't believe the divi will hold at this level as it goes lower. There's more and more backlash now against this woke stuff, the Rye College secret recording being the latest. I see there's another one out tonight of a Scottish school with the teacher castigating a pupil saying there are only 2 genders. This is why I don't think this will go away for Wickes. It has stupidly got itself caught up in a far larger backlash that takes in a great swathe of anger from American lager to the indoctrination of schoolchildren. The tactics of Wickes senior management to hide hoping it will blow over will soon look a very poor decision. Sub £1 and I will go back in as it will become a takeover target which I believe is the only way now that this self-inflicted mess will be resolved.
To stay invested here means believing it was all a storm in a teacup and will pass. I personally believe the anger was such that enough people will take action over the coming weeks/months and in turn that will affect profitability. I could be wrong but I do sense the public are starting to fight back on these woke companies. Wickes might have got away with this six months ago but this time it feels different. I'm not expecting huge daily drops but would like to see revenue for this period before jumping back in. Dividend yield at this price is about 9% and that high a divi is quite often a red flag rather than an opportunity.
My worry re div is if Wickes suffers the same way Anheuser Busch did over Bud Light. There was a small reaction in the share price when the whole Dylan Mulvaney thing came out but a month later when the sales figs came out the stock was dumped. Could easily happen here and if it does that divi will be the first thing to go or at least be reduced. Plenty of big hairy builders will come across this story this week as it broke late last week. Customers are clearly leaving Wickes but is it a trickle or a flood? That's the gamble now with this company. All will be revealed in the next set of results of course.
Is it true that the CEO is meeting the Chairman this weekend to try and resolve this? Anyone else heard this? Could be panic stations next week. Loads of people will be on here claiming to wait for a sub £1 entry point. Could happen I guess if the critical online noise continues to grow but surely the damage won't be that bad will it?
I fear the SP will tank further next week. Social media outrage is snowballing this evening and off the back of things like Bud Lite (Anheuser-Busch InBev down again today) there are now more people willing not just to talk out against this woke nonsense but also take their money elsewhere. All the COO had to do was promote the company and its products. This is a HUGE failure on his part. Will be interesting to see if any action is taken against him in an attempt to cool things down. Personally, I'd throw the kitchen sink at him. Wickes has enough of those....
My broker has a closing SP of 266.45! Anyone else getting that?
Apology accepted CWWX
CWWX - happy to accept your apology once you've realised how wrong you are. Easy mistake to make for a novice so won't hold it against you.
228 close confirmed