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. Watch out for Simply Wall Street if you use it to guide investment. I do not think their analyst forecasts take into account the recent usa situation. In my opinion their analysis is out of date. I think their 'fair price' is up the creek!
just want to add my request for the Board to issue a detailed rebuttal. why the delay? it destroys confidence, and as along term holder, I want to believe in them
If you are concerned that 47 million losses will prevent dividends when afc starts making profits, don’t be, because it has a 47 million share premium amount that it can convert and WIPE OUT that big loss. So the near future looks as good as the future does!
By 'dodgy' forecasting I refer to their using just two broker forecasts for the first two years and then their own DIMINISHING yearly forecasts for the next ten. Why on earth they think Tristel is going off the boil year after year beats me. Putting in more likely figures results in a much higher valuation than theirs. If you use wall st at all do check how they made their cash flow forecasts every time - and feel free to disagree!
The website simply wall st uses a dodgy way of forecasting future cash flows which results in it undervaluing shares, particularly Tristel. Its method has been taken up by other websites, copying its forecasts and being wrong as well. Sooner or later folks will wake up to this and ignore their predictions. That's my prediction anyway!
Neil, I was very pleased to read that they are using new size data. Perhaps my bombarding the directors over the last year had born fruit.
I look forward to the shares reflecting it in the future. Good luck with your suit!
Did you find your size when you last visited an M&S store to buy clothes? I doubt it. They are using 1952 data to make and stock their clothes. They think there are lots of tall thin people and few portly shorter ones. A new survey is available from the govt. it costa £20,000. Surely M&S can afford that! If only they would make and stock the right sizes, then clothes sales would make a comeback.
Although phe has very big losses it also has a big share premium account. It can convert this and wipe out most of those losses. So it will not have such a big hill to climb before it can start paying dividends from its ‘soon to be’ generated revenues. So I do not think it as big a risk as it seems at first when you look at its balance sheet
One problem ignored by m and s management is the mismatch between the distribution of sizes in the population and that stocked in the shops. That is why they are out of stock of many sizes and overstocked with others. For example, height and girth are uncorrelated. M and s do not recognise this. It is a myth that there are moreg short fat men than tall ones and this is equally true for tall thin ones.
They need to adjust their size ranges. Even the government figures are wrong, out of date. A new set has just been produced and m and s should be investigating it.