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Lol. Probably will wait for it to breach below the £100k valuation. Never seen a spread so wide at 100%. People probably scared to buy the stock in case if they are buying double the guide price!

Given the shares are down by 80% since the peak, Molins can recover because a recent trading update suggesting the poor results is for last year. Customers were delaying orders till 2017. The second good news is their pension situation. With the UK Bond Rates (known as the 10-year Gilts) rising. Their assets pay more in cash flow to Molins retirees. The Drawback is Molins asset age in 14 years (is a record), and 60% of their assets meet that age. Their last big spend was in 2003 at £13.6m. Since 2009, Molins average £4m in CAPEX. Don’t be surprised if they spend £10m. On share price, Molins could average 80 pence per share in 18 months. But, don’t be surprised if it falls back to 40 pence because of the markets at all-time highs. For more read: http://bit.ly/2mwmyrh

Gatemore Capital wants to break up French Connection to unlock value, I guess. http://www.dailymail.co.uk/money/markets/article-4313722/Investors-call-French-Connection-broken-up.html

I contribute to JD Sports success to the financial crisis because it was a time when sportswear businesses were struggling. They were able to acquire other businesses on the cheap and earn excess profits. These contribute to the following factors: 1. RISING PROFITS AND INCREASING MARGINS; - Profits grew from £8m to £133m in 12 years, whereas margins rose from 1.5% to 7%. 2. Revenue growth grew at a compound rate of 12.2% per year. 3. The value placed by the market on JD Sports is close to 40X earnings and EV/EBIT of 25X (a record). 4. For every BRITISH POUND spent, JD manages to produce an extra £2.45 in sales within one year of implementing capex. 5. JD Sports has a net cash position of over £112m. For more: http://bit.ly/2n0sVYb

Debenhams knows how to run a department store since they have been in the business for over 200 years. Since they got relisted in 2006, the shares took a hammering (it once peaked at £2/share) as they lost close to 80% of its value before recovering to the current share price. Meaning they are still down by 70%. Some would say a company with a high yield pose a risk. They only ever do when the business has high levels of debt and crashing profits numbers, also lack cash in the bank. But, Debenhams has reduced total debt from £1.9bn to £330m. Also, debt to net earnings is less than four times with net interest cover close to 9 times. Cash earnings remain consistently the same at around £200m+ whereas operating profits declined by 67% since 2006. According to 13 market metrics, it suggests undervaluation of Debenhams shares of 45%, when assessing the 10-year historical averages of these metrics. For much more read the article here: http://bit.ly/2mjTTdz

Recently, updated my article to give it a little bit of hope and to explore the reason why Mike Ashley would purchase an 11% stake in the company: http://walbrockresearch.com/why-french-connection-should-change-course/

Sure no problem. http://walbrockresearch.com/maverick-retailer-french-connection-doesnt-change-business-model-wont-survive-decade/

Stephen Marks need to drop his ego and face up to reality because FCCN is bleeding cash fast! Having looked into the business it is clear as day FCCN got to ditch RETAIL DIVISION and focus more on wholesale and licensing because it is making £12-£15m in profit, whereas retail is making BIG losses. If they implement that, then shares could trade at £1/share! Read more: http://bit.ly/2msn4ao Maynard Paton, also has similar conclusion: http://maynardpaton.com/2016/09/20/french-connection-i-have-finally-given-up-on-this-turnaround/#comment-10924

Carpetright would make a long-term investment if management successfully turnaround the business. The performance to date has suggested it made some positive progress. They are: 1. Reducing debt to record lows of £10m from a peak £110m in 2009. 2. Management expects profits before tax of between £13.9m to £18.5m this year. 3. Now, the business operates with 570 stores, which is 130 less a decade ago, but it manages to earn a profit. I see Carpetright’s management wants to emulate WH Smith by successfully increasing profits on stagnating sales figures and is highly-rated in the market. With market valuation close to £140m an 85% drop from the heydey of £1bn, an opportunity can present itself by investing in Carpetright’s shares for the long-term. Interested in Carpetright then read more here: http://bit.ly/2kQAYBP

NEXT is an exciting business, and a rare gem to the characteristics of the company. The shares are down by 50% because of lower earnings guidance of between -2% and -14%. I feel the shares are down because the company return too much cash to its shareholders than it makes in profit. Therefore a fall in earnings leads to smaller payouts (an equivalent of a dividend cut). NEXT has a lot of competitive advantages, these are: 1. Earning 20% in operating margins and has never fallen below 10% in 18 years. They beat BOOHOO and ASOS of which its margins are between 4% and 7%, respectively. And beat luxury retailer Burberry’s 17% margins. All three businesses have higher P/S and P/E numbers than NEXT! 2. Okay, I grant that ASOS and BOOHOO are growing faster, but regarding the PEG ratio, NEXT is lower on 0.61, compared with BOOHOO’s 0.93 and ASOS’s 5.04. 3. NEXT PLC online division is earning 25% net margin helped by interest income fees from their credit card services, which accounts for 50% of online earnings and 33% of total group earnings. 4. Unlike some businesses, NEXT has to deliver the goods to justify its valuation where the EPS doubled from £2.21/share in 2011 to £4.42/share in 2016. For the not so positive things about NEXT PLC. NEXT’s management is right to be realistic (whether this reflect an optimism or a pessimistic view), this relate to the rise in input costs of 5% or specifically £29m from A. National Living Wage; B. Energy taxes; C. Wage Inflation; D. Website improvements. Other adverse points of NEXT PLC are: 1. NEXT PLC’s consistently record NEGATIVE like-for-like sales but still manage to earn extraordinary operating margins. 2. This leads to the company’s retail division reporting declining revenue per SQ. Ft. from £1,000 to £650, while tripling in sizes. 3. Despite the large dividends give away, the company cash balance is under £70m, therefore NEXT need to churn out exceptional results year after year. Where are we now On a historical valuation basis, NEXT looks undervalue from the latest financial numbers. Future results for 2017 and especially 2018 will see if this market is right to justify today’s valuation. To read more of this analysis, the full post here: http://bit.ly/2ljTHtm

Looking at the long-term chart, Carpetright has been a whipping dog for the market and bad for the current shareholder with the shares trending lower since the financial crisis (although they made a quick recovery in 2009/10, but quickly assume their downwards trend). But recently, the company is turning its life around when it return to profit and the elimination of debt. What do you guys think, am I missing something?

Guys and gals, You need to ask yourself this question: What is the average interest charged per customer in their Poland division? If its 80% over the loan value then the shares are oversold. At 95% of loan value than I can see why investors dumped their shares. I know that the Poland division makes up 70% of its profit before tax. My fear is this could be politics to protect people from everlasting interest payments.

I like the Argos acquisition, but Sainsbury has not made money to its shareholders for 20 years! (excluding dividends) http://imgur.com/6BRaBjT And market share in 1996 was 19%!

I like Sainsbury's acquisition of Home Retail because of the added distribution networks and cost-cutting synergies it provides. Also, its pension deficits are reasonable compared to Tesco. But the fall in GBP will expose Sainsbury because it imports 50% of what it sells. http://www.bbc.co.uk/news/business-36794302 So, it's best to keep your powder dry.

While most retailers were getting crushed by online businesses and the supermarkets, WH Smith survives. Not only that it has thrived by delivering shareholders a return of 480% capital gains since its lows in March 2009. So, what is the secret of its success? 1. Closing down unprofitable retail stores and growing its travel division stores, whereby it has improved its margins. http://imgur.com/yAvdAbj 2. Its action has improved the company's margins. http://imgur.com/b7M0iWD 3. WH pays a 3% dividend yield last year, but if you include share buyback that jumps to 5.68%. However, it was less impressive than four years ago, as it totals 14%. Though the number of shares you hold has gone down! 4. A good indicator of a sustainable business is to look at its financing section in cash flow statement because if it’s positive, the company is raising debt or equity. If negative it is paying off debt or returning money to shareholders. http://imgur.com/F4ubZbz Hope thses points help you decide if WH Smiths is worth a look at.

Feel sorry for shareholders, but the telltale signs were written on the wall for SAL because promoting in the shopping centre is in the past. Now, people know what they want or shop online before entering the store. I did a piece back in 2014 about the turning point in business when shares were trading around 90p/share saying 50p was fair valued! Now it has broken past that level. http://www.stockopedia.com/content/space-and-people-the-retail-media-expert-82996/ If you are a Boohoo or ASOS shareholder, you would understand the changing landscape of retail advertising. Given the big drop and 73% collapse from the peak, SAL is becoming a trading stock for traders!

One striking thing is Morrison's administrative expenses which came in at £134m and down from £269m last year. So, how is this possible because the size of its empire remains the same!

Don't take the following statements and facts as company bashing, but reviewing Rightmove's long-term past performance. Fact 1: During 2004 to 2015, net margins have improved from 20% to 57%, as advertising fees intake grew. Fact 2: 120m+ unique visitors go to its website per month and gets to see 1.2m properties put up by 20k estate agents. Fact 3: The company has returned £160m+ in dividends and bought back £500m worth of shares for cancellation since 2005. Fact 4: However. revenue and earnings growth has averaged the "Mid-teens" for the past four years, but share price grew at a compound rate of 28% in the past years, therefore "outperforming" Rightmove's operating performances. Fact 5: Zoopla, the competitor is building up its property list to 800k properties and has an opportunity to take market share. For more facts: http://walbrockresearch.com/rightmove-gained-1250-since-ipo-is-it-time-to-sell/ There is more of a chance for Rightmove's shares to decline by 40% to £23/share which will fairly value the business at 20 times' earnings. This will be a healthy correction for the company. Remember the same thing happened to Next when it was valued at £80/share, now the shares stood at £50/share. Disclosure: I don't own shares in Rightmove and the opinions are expressed as my views.

Don't take the following statements and facts as company bashing, but reviewing Rightmove's long-term past performance. Fact 1: During 2004 to 2015, net margins have improved from 20% to 57%, as advertising fees intake grew. Fact 2: 120m+ unique visitors go to its website per month and gets to see 1.2m properties put up by 20k estate agents. Fact 3: The company has returned £160m+ in dividends and bought back £500m worth of shares for cancellation since 2005. Fact 4: However. revenue and earnings growth has averaged the "Mid-teens" for the past four years, but share price grew at a compound rate of 28% in the past years, therefore "outperforming" Rightmove's operating performances. Fact 5: Zoopla, the competitor is building up its property list to 800k properties and has an opportunity to take market share. For more facts: http://walbrockresearch.com/rightmove-gained-1250-since-ipo-is-it-time-to-sell/ There is more of a chance for Rightmove's shares to decline by 40% to £23/share which will fairly value the business at 20 times' earnings. This will be a healthy correction for the company. Remember the same thing happened to Next when it was valued at £80/share, now the shares stood at £50/share. Disclosure: I don't own shares in Rightmove and the opinions are expressed as my views.

To quote Marvin (the mind reader, from the movie Wall Street): Sure went down the toilet with that ugly *****!