Member Info for OracleofOldham

To be fair standing still today is actually a good day's work for a share.
ASOS down almost 2.5%, FTSE100 down almost 2% Aim down almost 1%

just because you aren't doing a budget this year doesn't mean you have time to be on chat boards!

Read interesting research from Macro Ops which is US-trinsic but broke out a few points.
First that a LOT of 'smart money' (at least in US) is still on the sidelines so whilst we have a correction going on over there it's unlikely to fall too much (10-20% tops (and S&P is already about 10% down this month)) as they are waiting for a pull back before getting in.

Secondly that the area of maximum despair at the moment is UK stocks even a fair bit worse than Energy and Bank sectors.
If you are a contrarian then UK stocks maybe the place to be adding to as over time everything returns to the mean and cash, US stocks, tech and healthcare are already in the max conviction range.

DYOR

sounds like Rishi is going to extend the furlough scheme in some way.
Making a statement tomorrow regards supporting jobs.

Given the way the goverment has led us however who know he might just say as a freedom loving country it's good we are all getting released from our jobs.

Anyway any support should be good for retailers as more money to spend, especially online.

I'm afraid that's likely more down to them now able to fill one plane rather than 5 or 6.
I am long bullish here but out at the moment as I see better options in the short term.
This and the other travel stocks desperately need a vaccine. It will fly once one passes final trials even though it will be months before the vaccine is in the general population.
Could be by end of year but with the other macro events of US election, US federal budget about to run out (Oct 1st) so could all have wages stopped again, possible further lockdown measures AND Brexit and (currently) end of free-travel there is just too much against travel industry at the moment for me to come back in.

Obviously do your own research.

sounds good news that Boris is saying everyone who can work from home should do.
If you aren't at work you are less likely in a pandemic to go out specifically to shops especially if you are used to buying online.

Good news for Boo, Asos, AO etc though still plan to trim my gains in a few weeks to benefit on drops in other stocks.

Hello Just bought in here (will this morning).
Actually the company I work for build the database some of Clipper's apps are underpinned by which brought them on my radar.
Hopefully this can be where Ocado is in the future. I'm in no rush but people have got use to ordering anything online (like at AO, who would buy a fridge online 6 months ago?!).
Looking to tech-up my portfolio and very confident this is a long term winner though of course with normal short term volatility.

just to clarify I'm not selling now (actually bought more today) I'm selling a fair chunk after what I expect will be a good bounce from next week's report.
I agree this is a good stock (otherwise I would be selling out completely) but it's not the only game in town and there are quite a few price alerts going off today on a number of stocks I've had my eye on so IMO it makes sense to buy those. I agree share price doesn't always follow revenue but with the other macro events on US election and Brexit it's may well be a winter of discontent.
Perfect for picking up good companies on the cheap!

BTW won't sell anything until after results

I think everyone is focusing on a possible lock down and forgetting a definite cliff edge when the furlough scheme ends.
In the summer 9 million people were sitting at home (and sometimes Bournemouth beach) not able to go to shops BUT still picking up 80% of their wage.
I would guess 4-5 million of those people at least will not be getting their jobs back which means I can't see the next 6 months sales being as strong as the last 6 (even with xmas and black friday).

I won't be selling all my shares for sure (maybe 30%-50%) and will be looking to reinvest those I do in other companies for when the recovery comes (rather than sitting in cash), but whilst I expect boo to do better than many other retail companies, the next 6+ months for any company that relies on discretionary spending will not have strong sales.

Bought more here today.
Bad news in general but good news for Boohoo and any other technology or online company.
Should be good rise in a week's time though not sure if we'll hit the 400-450 considering the market in general but hoping to make a quick buck then skim the proceeds to go shopping as the FTSE is definitely on sale.

oops didn't mean to post that and seems you can't edit of delete.
never mind

https://www.thetimes.co.uk/article/boohoo-checks-out-new-look-ksdtn0v8g

I would say their moat is the infrastructure they hold that all the other companies have to pay rent on to use.
Also size is a moat and their global reach means they are more protected to geographic upheaval (fortunately pandemics don't come around every day).
Also also :) Their move into streaming and broadband again makes them seem well placed to do well in the digital world we now live in.
Finally with 5G and the internet of things all telecommunications companies are going to get a big boost especially from 'line' rental (connected car makers for eg are more likely to pay a vodafone or similar for connection rather than pay to try and build their own and they'll only use those who have very wide coverage areas). Will be interested to see if they look at moving into the cloud space too.

These are all my own thoughts from my research so obviously do your own research maybe you'll decide different but I see a strong future for the likes of Vodafone and BT (if they don't get picked apart by a private equity company) and Brexit and Corona are giving us (well me anyway) to get into some great companies at amazing prices

yep always like when a good company has a pull back for no real reason.

However I'm holding off any buys right now (could change if I see a big opportunity) as I expect things to get very volatile over the next few months with US election and Brexit (again!).

With FTSE 100&250 lagging so much compared to other markets I feel I can afford to miss out on 5-10% rises and still get in at good price.

I certainly see Contour as a strong long term stock which should (as a business) be safe from most things the world throws at it but if I can get it cheaper that's even better :)

A Kodak moment used to mean a great time that you wanted to capture forever.

Nowadays it is being used by companies to mean the moment they realise they are behind the curve and need to quickly adapt to the new (esp digital) environment or technology else they will fall into obsolescence.

I think Cine is facing that moment which is why, even though there is a chance to make money speculating on it, I have no confidence it won't be going the way of say Blockbuster.

Best way to go broke is gaining a bigger percent of a dying industry.

Obviously like anything this is an opinion so make your own choices.

I think you also have to take this price in context of the FTSE which is hugely under performing other markets.
I would guess it's the fact big investors are still unsure about the UK because despite what's been said by gov brexit is still not done and no one yet knows what it's going to look like in 4 months (or if it's extended again).
I feel VOD is a massive buy at this price (anything under 150p for sure) so will be topping up (obviously don't just follow suit make your own choices) as see 5G as big for the whole industry and even if it only follows the main market we should get a 20%ish rise over the next year once (IF) the uncertainty of brexit is over one way or the other.
If we go no deal i'd expect everything to drop sharply in the short term but probably FTSE back over 7k by end of next year if that's your time frame.

Well the div is about 4% and the FTSE is down about 1.6% so together that's not too different to this drop.

Good luck on your buys I might have left a bit of a gap (weeks) between adding more shares unless it collapsed but in theory at the FTSE's current level almost all the stocks are at a big discount so you should do well (hopefully!).

On another note and though I pay little attention to broker prices but "Evraz: JP Morgan reiterates neutral with a target price of 500p." If they really believe it will go up 50% in the year I don't see how that can be a neurtal stance?!

I am long term bullish for IAG but would be interested in the thought process of anyone who feels this is a buy prior to the looming RI.
I get if you have shares you might as well hold but for why would anyone buy new shares now if in a couple months they are going to be available for considerably lower?
Are people gambling on the RI not going ahead (personally i think it will even if they don't need the money just so they have a bigger war chest to pounce on other struggling airlines as with air europa)

As I say I'm long term bullish but interested in the mindset of anyone here who feels the current share price is a buy?

also just to keep expected gains in check, 296 to 399 is 34% rise not 74%!