I have decided to take profit and see what happens from here.
The shorters keep increasing which "suggests" to me that they are waiting for Lighthouse Capital to reach their target buy level , at which point they may well begin selling down again.... maybe LC will buy more..who knows...
13.49% short is only the declared shorts over 0.5% - but I prefer to be cautious against that level of shorting
I dont really see retail picking up until the autumn .... economic uncertainty all around, increasing number of home owners on extended mortgage holidays too ....
With M&S it looks increasingly likely that it can weather the storm without further fund raises and using cash flow from food profits .... self survival being the first priority at the moment ...and they have strengthened the senior management ready for the challenges ahead ...another positive
Other clothing outlets looking more in need of financial support in order to strengthen their balance sheets IMO
From customer spending point of view..I think there are positives and negatives....many M&S customers may well have lost out recently from lost dividends on the shares they own...money they may usually have expected for treats ... but closure of restaurants and social events will no doubt have moved cash from that area towards home family food entertaining instead
Home holidaying, picnics, days out instead of foreign trips will also boost sales I can imagine during the summer.. and "takeaway" ordering if required through Deliveroo
For clothing it is all about being careful with the buying margin and careful with the discounting ...
I do expect some more store closures in some more towns however.... decisions in the pipeline IMO ..
At present I am just content if they can go a few metres in the right direction...that is better than a few miles in the wrong direction ...with things the way they are ...
The whole financial system is being held together by sticky tape and bits of string right now....in terms of the debt levels and the ability to service those debts .....and with China declining to give any GDP expectation for the year, that now suggests that it is going to be a slow, step by step move through the unknown, for months ahead
There is just no way of knowing how much more cash has to be set aside for loans going bad....
PLUS : " China’s ruling Communist Party has proposed a controversial national security law for Hong Kong to ban “treason, secession, sedition and subversion”.
I have no investment in banking or Financials at the moment and it just looks more and more difficult to assess the earnings potential on financials quarter on quarter at the moment ..and HSBC are still carrying those job lossess that they wanted to start shedding but have now postponed ...until when exactly ?
Pure guessing game ?? ..is the answer just more and more Government stimuli ...how much more can China and Japan deal with ??
Good luck if you have bought today.....
and you just know that the next kick in the nuts is going to be the release of Options for the BOD ..
" The Board is encouraged by a number of ongoing discussions with potential investors which the Board is working to conclude in the near future."
Can you believe it...that "encouraged by a number of ongoing discussions with potential investors" translates into a shafting of 75% dilution and retail investors treated like this....
The world we live in is just a front to fake news, and verbal gob s*ite from every f*cker in a suit and tie
These 0.25p shares are just going to be dumped on the market in June like confetti by initial investors who have no interest in them except to make a profit for their "ability" to buy them in the first place
This share is just being attacked by lots of TINY share trades, driven by algorithms.
Totally manipulated by trend-setting algorithms to bring the bid price down
Trades today of 2,11,4,30,7,13,34,32,29,13,8,6,23,14,80,80,80,1,1,1,1,,40,99,41,5,5,9,28,16,33,60 shares
It is totally uninvestable whilst these games of manipulation are strangling this share
believe me we are all merely seconds away from being a fool in this game, with just one careless press of the buy or sell button....and you dont become clever in this game without first experiencing being a fool
" I am trader and happy with 5-10% swing. If I buy at 75p then 82p- 85p ..."
with respect you dont have to wait until 75p to get a 5% swing .... and to buy at 75p you are going to have some "fear" event that has to cause that..which wont make the buying any easier, because you will be experiencing the event too
long term ?..how long is that?...a week, a month ,6 months 10 years....
..I am neither really..I making decisions depending on the external factors that affect the business as they come up and whether the SP gets to an oversold position......at present I am willing to hold until the autumn, ....whether events change that remains to be seen...
" The Core is still rusty....imho... The clothing is in a dire state. And the result of the new tie up won't be known till the next
Update, could go either way. "
you can have your concerns but it does beg the question why you are even looking at M&S then, if you feel it is so bad...
why would you even invest at all , let alone at 70-80p ...??
You must believe that it can be turned around..otherwise you wouldnt be bothering at all
Card Factory expects to announce its preliminary results for the year ended 31 January 2020 on 2 June 2020.
The Group intends to hold a virtual Strategy Update on the afternoon of 28 July 2020.
07th May : " I wouldnt panic on this one for long termers, we are going to come out of this and in the months to come those whe held will be the winners.. :) "
6th May : " this is a very important company for britain..."
and then he moans on British Land forum at anyone concerned over there, yet feels happy enough to moan over here
the guy is just a headless chicken
"2p Looks a forgone conclusion from here ."
your comment on MTR Feb 10th 2020 ....by 23rd March the SP had sunk to 0.775p ( before later recovering)
so you see fit to "LOL" Falkland Investor's personal opinion and gut feeling to which he wasnt asking anyone to follow ...yet it seems you clearly arent so smart with regards to predicting sudden drops or market moves either... no one is 100% of the time
market moves are never "foregone conclusions" and before you "LOL" others it is always best to check your own record ...
M&S said 365,000 of its existing customers had used its website for the first time during lockdown while another 315,000 had either tried it out or returned as shoppers.
All this online shopping is also happening earlier than usual. Peak shopping hour is now four hours earlier, at 3pm, and desktop visits are up by nearly 40%.
There has been a lot of selling before the results looking for the bottom....clearly there has been a bit of a scramble to either buy back in or just take a position...and added shorter buying too, no doubt...
The initial sell off to mid March took the SP down to 97p so "maybe" it will retrace to that kind of level before needing more sector news
" I have no experience in share dealing "
Welcome , Barry13, but to be honest the best advise is to follow the market from the sidelines for 12 months and learn,learn,learn before you throw any sizable amount of money into the stock markets.
There is sooooo much to learn and be aware of ...and the less you know, the more stressful it can be ....
Long holders can think it is easy in a rising market....but.... things can soon change and ...wham..you then have to draw on experience and knowledge to survive and make the right decisions.....and the decisions end up having to be made fast...
Tread carefully would be my advice...make sure you know the basics ..otherwise you are merely a little fish in an ocean of sharks....the rank amateurs mix with the pros in this game..they dont compete separately...