Member Info for OracleofOldham

IDK and wouldn't advise you just take my word as gospel.
However I would expect it will as UK stocks are still very depressed compared to almost every major index in the world.
FTSE100 for eg is still about 20% down from March whilst, US, China, Japan, Germany, France and others are all either above or near where they were so from that I would expect, once Brexit is determined one way or other that there will be general rise and no obvious reason why this would not rise too.
On a fundamental side the company looks sound, I would expect it going over 400 at some time next year but (maybe because it's an aim stock) it is very skittish and doesn't take much to fall back.

DYOR

Seems to bounce anytime it goes below about 270, in general probably anything below 320 if you are buying to hold. Probably wouldn't go much above 320 until a 'full break' of 400 as seems to fall everytime it gets near there.

@Flags we can't eat 3 ties a week as there's not enough british boats!

Funny how there still is Scotish fishing, could it be because they kept their quotas whilst the English sold theirs to foreigners?
Talk about trying to have your cake and eat it. Like selling someone farmland then 20 years later wanting it back because the land is in your country, I remember Zimbabwe tried that with their farms, worked out well for them I recall.

@cneighbour, the whole 'fish' thing is because every other 'real' thing they said we would get from Brexit, money for NHS, easiest and best deal in human history, german cars will save us, have all been shown to be bull so all that is left is abstract stuff brexiteers can keep chanting 'soveringty', 'take back our borders (apart from the only land border we have that we are going to leave open and put boarder in the Irish sea (and have EU people running the port customs in Belfast).

The idea that fish are Bristish, or French or any other country's as if they are grown and stay only there like wheat of cows is so ridiculous and shows what a sham the whole thing is.

Should be good though if you have any money on the side as stocks should fall and this won't affect your Shell, Glencore, etc so I'll be going out with a bucket

Retail Gazette
"Arcadia administrators seeking bids of £200m for Topshop"

seems worth a cheeky bet.

Getting harder to stay here.
When you have dividend stocks out growing this growth stock it makes you wonder if you're on the right horse.
It helps in in profit I grant but I think a few people on this board are in love with the stock which is not good as blinds you of the issues and lack of progress (3.90 not long ago). I'll stay in a few more weeks hoping for a kick up from the definite strong trading I've black Friday and Xmas but my money here dies risk missing out on stocks that offer growth and dividends which are currently putting Boo in the shade

I think any company that is primarily UK is getting hit today because of drop in pound so their revenue counts less.
Likewise Shell, BATS, etc who are not UK centric are going up because their dollar revenue is worth more

sexy dividend though!

The plan for most countries seems to be build our way out of the recession so if that holds (big if still considering national debt levels) Ferrexpo and miners in general should be at the start of an upcycle.

Regards 'cheapness' the current market cap is £1.5B and net tangible assets at end of last year were £1.3B so at current share price you are getting the business with almost no risk.

Obviously DYOR!

I don't think it is too depressing, though I'm not heavily in Boo as a % of my portfolio as perhaps others are.

The way big companies in the offline world are at ridiculous prices meant there was always going a big move of money from tech/online plays back to these when there was an end in sight from the pandemic.

BP, Shell, Glencore and others are currently worth less than their intrinsic value from start of the year.

The main thing is, does your online/tech company have a future next year when we are back to normal life. Companies like Zoom for eg will still be there IMO but much reduced to currently.

Alternatively Boo is still in a strong position. Highstreets can't compete with them and more and more retailers will go bust over next 6-12 months as the drop from this year means they can't pay rent and especially business rates which will not be lowered as Gov are desperate to start bringing more money in to the treasury and rates are easier to keep or raise from a political perspective than say VAT.

I will be using any decent drops in the first quarter of next year to increase money here and others like Ocado who have strong futures.
However the last couple months and the next one I'll be mainly topping up on my 'old world' stocks or mining, banking, oil and gas, etc where I still see strong growth potential and ongoing dividends.

All my own opinions make your own decisions .

"The brands in Sir Philip Green's fallen empire are likely be sold for less than half the £800m they were worth just months ago, experts have said, amid growing speculation that Boohoo is the frontrunner in the race to buy Topshop"
Telegraph - DYOR

what is going on?
I'm not used to this share going up! :)

"Boohoo Group PLC (LON:BOO), easyJet PLC (LON:EZJ) and Marston’s PLC (LON:MARS) are some of the stocks most likely to double in price once the economy recovers, according to Peel Hunt."
Proactive investor DYOR

I like your enthusiasm but not sure due moves from tech/online stocks to undervalued and cyclical stocks, plus the continued messing about with Brexit which has held everything down compared to other indices.

That said, as expected online smashed it for black Friday so this is a good stock, just (incredibly) doubtful it will jump 30% in 5 days.
https://www.cnbc.com/2020/11/28/black-friday-traffic-in-stores-craters-52percent-during-pandemic.html

I'll sell you mine for $19000 :)

a shame from our perspective that retail will be allowed to open from next week, but black Friday is online only and I'd be amazed (and worried) if the usual crowds go out to the highstreet Christmas shopping so no reason the money doesn't keep pouring in here. Now we just have to worry about Amazon.

what an exciting ride this morning.
Looks to be heading back up I guess it was just people taking profit to put into travel and other beat down stocks that they think they can get a quick rise from.

well look at AO, finally making a profit and gets dropped 14%!
Only 3% down now but I suspect people are just moving out of online and tech and into high street retail and travel.
It's only .5% down though people are watching this way too closely if they are worried about that kind of move

I think the main thing for UK stocks is Brexit.
If you look at most main markets, US, China, Japan, Germany, France they are all above or near to where they were at start of the year.
Only FTSE that's still 15%-20% down is the lagger and that seems the obvious 'UK' only issue.
Hopefully when we get some sort of deal even though it's going to be worse than what we had before it will give the market certainty one way or the other.

From Proactive investor on today down under, hopefully will give a boost here too

"In Australia, the S&P/ASX 200 rose 0.34% led by the big miners as the price of iron ore surged by about 10% this month to a near 6-year high."