Member Info for RickEngland

Thanks gate13boy. It is frustrating though the current share price. I reduced my holding recently to 100k lloyds shares. Bit annoyed I didn't dump more at 48p and rebought but didn't want to drop below 100k haha.

I came from a poor background, the lesson I learned very fast was no politican will give me anything. I still know people though that have wasted 30 years+ waiting for the government to hold their hands. The light bulb moment for me was when I had no chance on the council housing waiting list. Labour were in power. I bought my own place in the end. In fact they did me a favour constantly saying no.

Msch; I find it strange when socialists are interested in share discussion boards.

There's often a misconception about Tory voters, that we actually like the Tory party. Anyone that has "something to lose", such as a good job or mortgage or a few shares will generally vote for the party that does the "least damage" to their personal wealth.

Usually that's the Torys, since socialists enjoy the politics of envy. I.e. take what someone else has built and claim it as your own. These days none of parties appear attractive, although we can still buy an asset cheap, if someone wants to sell it cheap..... capitalism still rolls on. I'd still rather have that, than a Labour party that might want to take my shares or my house for so called "greater good".

I think the market has fundamentally called it massively wrong on M&S. They haven't paid a div, because they wanted to rebuild the balance sheet after covid (not because they're in trouble). That challenge is almost complete, the business is stronger for that decision (it was brave, but the right thing to do). M&S aim to be a growth business, but there's a balance to be had there with divs as well, it's the wrong time to be stalked for takeover. I would vote no at any costs right now if we became a target.

Much as covid forced their hand so to speak, with halting the div, I believe the sp will force their hand again to return it. It's got to be coming back.

I've not been so upbeat about a firm in years, the leadership appear amazing from what research I've done. Sure we're in turbulent times, although let's be realistic employment is high people have disposable income. The media appear addicted to a culture of sustained fear the last few years, it's becoming ridiculous. I'm continuing to build my holding in M&S. If I've got this wrong I'm quitting share dealing. Haha.

The market appear to rate us at covid lockdown levels. Mks not been paying div since interim 2019 has almost wiped out debt. 420m was last results I believe. I don't count lease liabilities as that ridiculous and should be spread over years.

I think if mks split that remaining debt over half year and full year, we possibly could see the div come back this Nov-22. Then we will fly.

I can see an M&S from my house windows, and the carpark is always 75% to 100% full. The shoppers are mostly like 40+. We don't market for the struggling customers.

Besides I can't stand those pre frozen yellow looking last years spuds other retailers like to peddle to the masses. I'd rather pay more for the real fresh ones.

This is well undervalued.

Rick.

The greatest political misconception that voters like or agree with the Tories, isn't true. Most people vote for the party that will do "the least damage, to their personal wealth".
In other words people that have something to lose vote Tory, which generally means those with a decent job, mortgage, some shares, and private pension. That is why they win.

If the Tory party fail to understand that, then they will lose votes. Probably by abstaining rather than vote for the socialists. I'm not a fan of Truss or KK, they both lack charisma and come across as middle managers. That's unkind to middle managers as it goes. Ok they're not leadership material. I don't get the feeling, I'd follow them.

Rick

M&S has a different customer base though, with regards to food. People are happy to pay extra for quality, and generally those people are not watching the pennies even during these times. Doesn't mean they're rich, they might have low mortgage after so many years and more disposable income. 40's upwards market. I believe those shoppers are more resilient to the impacts of the economy, than people looking under their sofa for 10p pieces. I actually have an M&S food hall 20 metres from my front door and I watch how busy the car park is. It's great for a packets of sausages and fresh baguette in the morning.

Hi T4G sorry busy at work.

I increased on MKS (marks and sparks) I think the div will come back in Nov. Then I should recover my loss on boo. I only need +8p a share and even again.

Here's what I'm into.

100,000 lloyds (my avg is 24.5p a share excluding £4k divs)
I had a lot more lloyds but had a few family holidays on that.
4600 IAG another potential div recovery £1.04 avg
4600 MKS recent purchase hoping for divs £1.01 avg
1000 ABDN my outsider pays divs but in trouble avg £1.37
They're doing buyback at moment, and will maintain div.
Even in the carnage, I'm well up, so I'm happy.

Kind of done shopping, to be honest. Need a break from markets. Good luck with boo.

Rick.

"Just handed your shares to shorts".

Maybe but the price has dropped another 2p since i sold. I limited my loss to £377 after costs on 5000 shares. I can live with that. Also swiching into another share that also dropped kind of nets that off a bit more as well.

I'm never afraid to sell. That's kept my account in good shape over the years. Anyhow I wish boohoo and shareholders all the very best.

Sorry folks I'm out. 325m Cash = loans. I can't be in a share if it's keeping me up at night. Switched to marks and sparks, roughly same drop.

I do believe boohoo has huge potential though. I juat worry about cash burn for now.

Well good luck.

Interesting re USA. I generally do lot of research before I touch a share, even fste 100 firms. I go deeper too, most youngsters do online shopping, their phones don't leave their sides. They're all addicted to click bait , Instagram blah blah. Marketers dream.

Even if we drop tomorrow, it's more about time to develop markets. But i think boohoo will surprise us, the media are addicted to fear... it's nevrr ending it seems. I think they miss covid haha. Competition is good too, keeps a firm focused, I don't fear shien. I'd bet on western firm for fashion over an Eastern one, within western markets .

T4G Shorters can be a blessing in disguise. Thanks to them I loaded up on lloyds in the 20p's. Its annoying when the pain is flowing though once bought in. As Mr Warren Buffett says "if you're not prepared to hold for 10 years, why invest for 10 minutes". In other words we see long term potential and value or we don't. I see value in boo, the battered sp don't scare me at current prices.

Mmmm. I bought IAG other day, one of my recovery potential div payers. I see big upside there. Bought some MKS (marks and sparks) this morning in the dip, again other potential div payer soon.

Not to bothered about boo down today, impossible to call the bottom, I'm only 2p off myself anyhow. Tomorrow will be interesting.

Based on last accounts boo had net £1.3m cash. They had 100m loans netted off with £101m cash. Plus a new £325m credit line. I don't see liquidity as an issue, sure they pumped alot of investment into distribution etc. Amazon did that and no one is complaining now.

I guess the sp took a battering due to cash, and if current revenue can deliver more cash. I think evenue ill be wuite good, although if not liquidity is strong in my opinion.

Was busy working, might have topped up at 37p earlier, but looks like I missed that.

I'm still pretty confident the market has called it wrong on boo. Females love to shop, and keep shopping.

That said I've stepped outside of the safety of income shares for a change. If I called it wrong, so be it. Couple of days to go.

Good post T4G. My apoligies, sometimes all the Brexit bashing clouds my vision, i misunderstood your view. Sure Brexit is not perfect, although as you say still many opportunities to latch onto. Have a good day.

OK since this thread is about Brexit, let's talk about a euro share. IAG. You have to pay Spanish tax when buying on lse. (Smiles).

I've been watching IAG or a few years now, waiting for the time, divs could potentially come back (the 2019 div was cancelled) and a price around £1. I'm not a fan of airlines to be fair, but when a firm is trading this low, it needs a rethink and research.

I was nervous about 10bn euro debt, but they're also holding 10bn euro cash... OK cool. What really tickled my interest though is cash generation. Omg the firm can pull in insane amounts of cash, that makes debt look almost insignificant.

I decided to take a punt, well quite a decent punt actually.
I was one day too early though, could have got under £1 if i waited. Maybe I called it wrong, time will tell. But even as a leave voter I don't despise the EU, I just don't want to be ruled by them.

In other news good luck to our boohoo next week for the results. And I wish all my fellow investors the very best of luck. I think I've said enough, so I'm out. Enjoy the weekend.

Maybe T4G some people's minds are suited for a Brexit world, and others remain with a trading or business mind stuck in the past.

I really do not understand how people struggle to make money since Brexit. I don't like to gloat, but kind of forced too, so I can get my point across. The fallout of covid, was like a holden gift to me. The money I made on the recovery after it bottomed out was obscene, and I could of made much more if I was brave enough to take bigger risks. But I mainly went safe with uk banks, that were loaded with capital and no one spending either. In fact (not that I recommend it) I doubled down and borrowed money from one bank, to buy into "their bank" at stupidly low interest rates haha, the div alone covers the entire loan at least twice over.

We're so lucky to born in this country, with all the opportunity available to us. I won't be casting our great nation aside as a failure. The market is awash with bargains right now. I've been loading up.

Padd1: Regardless of all the politcsl spin, labelling leave voters in the nasty camp, even if i actually would be poorer voting leave, I "still" would've voted leave. I think many ref losers simply can't accept, people wanted their country free from EU political ownership to write our own destiny. I see it as quite brave actually, much like trading shares.

As a kid i was in the very poor camp, i learned pretty fast that No government will provide personal opportunity, you need to go out and win at life yourself. I guess you could say I'm in the top 5% of earners these days, not that I'm rolling in it, but comfortable. Not bad for a kid in care, with zero prospects (written off by everyone).

But back to boohoo. I'm actually even on boohoo, after a few in and out trades. I think they can deliver growth, cash flow was my concern, but they have a new £325m rolling credit facility as backup, so doom is not pending. I believe boohoo will bounce back after all the recent investment. I wonder if there's probably a few market makers that are left with red faces after ramping it too hard too quick, so now they have the guns out for the firms. My personal research suggests the firm has legs. I'm only in for 5000 shares anyway, it's just one of my smaller plays. GL, glass half full right.

No regrets thanks voting to remove an entire level of pointless politicans feeding off tax payers on insane salaries and perks. I believe if the EU didn't view the UK as a little council estate to boss around at their will, it might not have come to a referendum (but they did, so hey ho). But it is what it is, I can now vote for UK politicans that have some meaningful power over a sovereign nation I live in. I feel really good about that.

Anyway so this about boohoo right, who also trade in the USA, it just so happens the USA are not a member of the EU either, they seem to cope just fine. Onwards and upwards.

I actually just popped in to reread trading update, so I best get in with that.

19th Aug ...grrrr.