Member Info for Skindle

Goldman Sachs - conviction buy - old price target 1291 - new price target1367.
Credit Suisse - reiterates outperform - retains price target 1200.

Very pleasing to see senior members of our board of directors taking the opportunity to buy more shares in RR. A very good sign that we have reached the bottom of this trough.

Not a good start under the new name. It’s disappointing to note that drunken shambles of a business that Mr Ashley runs has robustly held its share price since the results debacle yet the share price of our immaculately run business under Mr Maudsley continues to fall away. Where is the logic ?

This looks to be a good entry point Arsenal 17 ?

What can I say Grayling, you were spot on with your prediction.

By enlarge the results were okay, the negative aspects being the decline in free cash flow and the increased costs over three years of the Trent 1000 in service costs according to analysts. The free cash flow decline is only temporary and will correct itself in the second half of the year and the Trent 1000 issues are being resolved.

In conclusion I believe that the share has been oversold today partly as a consequence of the above but also as a result of the recent and sustained decline in the performance of the FTSE 100 over the last seven sessions. I remind investors that the RR share price was 891 pence one week ago while the FTSE 100 reached 7,728 on the same day. Tonight the FTSE 100 closed at 7,171.

To endorse Arsenal 17’s point I believe this share is cheap now and so do UBS who reiterated their buy advice today with a target price of 1160 pence per share.

Golly Grayling, very negative sentiment the day before our half year results publication. I was rather hoping for a positive set of figures and a bullish note from our CEO tomorrow to send the share price back up towards 900 pence.

Shiny new name. No mention of a strategic review of Findel Education.

Yes I too smiled when I read that acronym. The vomit in the fire place incident is alleged to have happened during a drinking contest with that city worker Blue.

Unfortunately I can’t see Mr Ashley selling his stake in Findel because it is the only investment that he has made in the last five years that has proved to be a success, no thanks to his input of course. We are stuck with the man I’m afraid so let’s hope our board can turn this into a positive. Announcing the sale of Findel Education would be a good move.

Following the calamitous release of the Sports Direct results last Friday, their earnings per share figure is now 17.6 pence. Based on the current SPD share price of £2.21 their P/E ratio is 12.61.

If you apply 12.61 to our EPS, our share price should be £3.40. I accept that SPD are a much bigger operation than us but their performance is very much on the decline, while we are in The ascendancy. Why are we only worth a P/E ratio of 8.56 while SPD trade at 12.61 ?

Much as I despise Mr Ashley, I cannot disagree with the SPD opinion of Findel. It really is time to sell Education.

Well said Ejackson. The open hostility that Mr Ashley deploys to all those that he employs/invests in will lead to his downfall in the end. You cannot treat all around with such contempt without retribution.

The irony is that Sports Direct delaying its results again this morning appears to affecting our price by association.

The bigger they are the harder the fall..........I refer to the company of course ! Every dog has its day.

I find it difficult to comprehend that Sports Direct in its capacity as our largest shareholder has voted against the re appointment of Stuart Caldwell our Chief Financial Officer over concerns regarding our accounting policies. Sports Direct have failed to publish their own accounts by their chosen date so they are hardly in a position to challenge the way we present our accounts. Those in glass houses should not throw stones.

With the half year results due in less than four weeks, I am hoping that the company have been able to contain the bulk of the various premature engine wear resolve and repair costs in the disappointing 2018 financial year. If that cost burn has continued into 2019 we could be in for another half year of negative numbers. Mr East recently stated that 2019 has so far been in line with expectation but in saying that I think he is referring to revenue rather than cost management. In July 2018 the share price was at least fifteen per cent higher than our current price rising post results to a multi year peak of 11.04. The forthcoming half year report on the 6th August this year will have to be exceptional to propel the share price back to these levels. Judging by the recent movement of the share price, the market is not anticipating a strong set of results. Fingers and toes crossed that Mr East can yet again produce the unexpected.

Special resolution number thirteen at the forthcoming AGM resolves to change the name of the company to Studio Retail Group PLC. Following the meeting, I wonder whether the board will decide to undertake a strategic review of the future of Findel Education.

Very pleased to hear that. We are the self appointed reserve board. Ejackson, 1GW_, Columbo, Skindle and EvaRose as the non exec. What would the main board do without our sound and solid advise ? : )

Are you still with us or have you sold your Findel shares ? Disappointed not to have read your views on the final results.

Don’t blame you, profit taking is always the pleasurable part of investing. I am seeing the bigger picture now though. Even at 400 pence the P/E ratio is still less than 15. I really don’t understand the purpose of those small share transactions. Why not one transaction of 600 shares rather than sixty transactions of ten shares each.

It looks like the Capital Markets event has stimulated further interest. Well done EvaRose, you called it correctly.