Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Slightly inept as to why they didn't bother to check who were releasing their TU today before publishing their own TU date. Anyway, hoping it is nothing more than that as have seen Amazon moving their earnings dates before too. But, does that mean not many will be reporting next week on Asos's TU day and we will centre of attention!
So far, it looks good but I am wary of the shorters who probably will try to bring it down. Ocado was one of the highest shorted stock in UK just couple of months ago.
Also, inflation data out tomorrow and interest rate decision on Thursday will set the tone. Perhaps, that is what is holding Ocado's upside momentum today.
* Retail sales GBP569.6 million, +7.2% y/y, estimate GBP555.2million (Bloomberg Consensus) (2 estimates)
* Retail sales +7.2%
* Average orders per week 381,000, +1.9% y/y
* Average orders per week +1.9%
Sees "marginally positive" EBITDA, with the shape of the year expected to reflect trends in volume and revenue growth
If the above does not look positive to you then what does!!!
Nice one Mike
How come the reduction in such a large short position has not impacted SP positively? There should have been a spike on Friday but all we saw is drifting down from high of 260p to 255p close approx.
Valueplay,
Depreciation and amortisation are non cash items and can be projected even before results are out.
It is EBITDA that is more important than anything else as it shows how the business has been performing, hence the rise to 1000p + in last update. I am focusing more on that and probably the market too. Not long now!
I for one have never used or heard of Misguided brand other than today. Maybe too old or young for this but good to sell it to Shein if they want it and focus more on the future of UK online clothing companies namely Asos, Boohoo etc