RE: Fundamentals6 Jan 2018 12:35
Mulder I know all that but it gets a bit tiring sometimes for people to be posting strong buy recommendations all the way down to this price! Just random thoughts. Somebody posted a while back that they are not appealing to young people. They have umpteen concessions in store like Miss Selfridge and Office. I know one under twenty year old applied for a Debenhams credit card and was approved when in there Christmas shopping. He is awash with cash from a zero hours contract, no tax, no NI, no course fees in Scotland and a student loan with the promise of a job with big bucks in a few years.. Somebody says they are bhs but I couldn't by �50 face cream in bhs. They are not Hof F either, Mike knows that. The only time I have gone to H of F in years is to see the Christmas lights from the outside and to buy some discounted Jersey Pearls on line. Sir Hugh will be spinning in his grave! I did clear a John Lewis wedding gift list for a couple this year but they went there because others were paying and they wont spend any of their own cash over the next 50 years in there. And as for Standard Life's smartness. They bought a sizable stake here at funny money prices and have a puny wee short position to recoup some of their losses. Maybe if they were that smart they would have taken a stake when the price was on the floor which is what the real big boys have done but not reflected in your source which I presume was the FT tear sheet. But for me whenever I see them invested anywhere I will not really have much trust in them in case they start shorting the next week. Same goes for Old Mutual sadly. Reputations in shreds!