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it's going up too quick! I didn't get my money to put in yet :(
More seriously this looks like a great growth company, especially the way they have been able to flip to online sales and do so well in what must be the most challenging possible environment for a coffee (hot chocolate) shop.
Bodes very well for they future and am looking to start adding a position here. TBH expected this to drop over next few weeks with increase in virus over the Xmas period causing severe lockdowns so have been putting money more into mining stocks of late. I won't say this is the next Starbucks as "The next" of anything never is, but they do have a good niche in the market currently and even if other chocolate shops spring up it's hard to overtake the leader (hence SBucks is way bigger than Nero, Costa, etc). Plus they seem to have loyal customers and the ecommece side shows in any market they can do well.
DYOR as always but I see short term volatility but long term very bullish on here and will certainly be building a position early next year.
I guess it depends what interest they are getting on the debt.
Interest rates are rock bottom so expect there will be a few M&As in the next year or two.
On the plus side at least they are adding assets rather than just using it to buy back shares or similar.
Price o this government
"The UK will fail to achieve a target of offering gigabit-capable broadband to 85% of the UK by 2025, MPs have warned.
Initially, the government had aimed for nationwide coverage within five years.
But targets were scaled back when it emerged that only 25% of the promised £5bn funding would be available."
Hopefully BT did not assume the promise of funding was real, like with everything surrounding this joke cabinet they overpromise to get the headlines then underdeliver. The saddest thing is how many people keep allowing them to get away with it.
the FTSE Xmas sales are here.
Lots of companies over 5% down who do barely if any business in the UK, that's where I'd advise looking for some discounts.
Boohoo and THG not dropping or i'd be going in there. Stay away from hospitality and travel stocks as too much of their business depends on decisions out of their hands and now are all carrying uncomfortable levels of debt.
Enough good companies at great prices so IMO no need to go up the risk curve to gamble on heavily indebted companies who may fold (or in RR case get nationalised).
good day to have some extra cash lying around.
Plenty of companies down 5%-6% plus who do hardly any business in the UK.
Hopefully down again tomorrow when I'll have some to go shopping in the FTSE Xmas sale
ooh I knew this was crazy oversold on news that won't really affect it.
Under 400 was very reasonable if anyone got in. Alas I couldn't be bothered to get out of bed until now.
Nevermind, we'll see if a lack of Brexit deal or any other bad news brings it down again.
I have a few thousand here and long term bullish, but happy to go shopping in any Xmas sales
Hopefully not too quick!
I've got my bonus at the end of the month so a quick drop for me to get in followed by immediate return would be good :)
Going well though, I would expect commodity companies like O&G and miners to do well next year as inflation goes up.
Just bought some more today, wish I'd put in more earlier, already 60% up there, got to let your winners run as they say.
UK lockdowns and even Brexit won't have much affect here but might pull the price down if everything drops so @lucklu you might get a lower entry, but then you might not :)
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.
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
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
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.
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 .