Can see the gaps @52 & 54 be filled in the short to medium term. Share also looks safe for the long term - excellent dividend and lots of cash. The most positive for me is the Directory sales going up as a result of improved stock availability. This is a sign that they work to improve their shortcomings. As for the SP drop today I did not expect it and my explanation is speculation and perhaps that some market participants had higher expectations. Can see this back into the 50s soon and have trust in the CEO.
...and bought some back today at 242. I still think it has lower to go, but that might be a top up opportunity. Despite the concerns (Argos, competition etc.) SBRY is a well managed business that can pay dividends for years to come.
all of those bad news and yet the price refuses to drop further... is going slightly up at this moment and big investors continue to buy (see todays RNS). Perhaps is too early to say, but the worst might be over...
Indeed there are many catalysts to make it go up in the short, medium and long term, to name a few: short covering stronger pound possible takeover increased consumer confidence after avoidance of brexit rainy summer - people will want to escape cheap oil easing of terrorim fears
The FTSE and the DOW have taken a big plunge in the last half hour, but TCG is refusing to fall further (sp gained over 1p. during the same half hour) This might be a positive sign that there is support here.
Actually your concerns are valid, however as a fan of the share I could not resisting topping up today. My prediction is double bottom from the 7th of Jan today and then we go up. Even if I am wrong, BRBY is not a bad buy now at 1074, given the board's commitment to the progressive divident policy.
Sell posted here 14 Apr. Not regretting selling SBRY of course and my opinion is still Sell to 240 for the same reasons mentioned (though I am not sorting the share). Bought some MRW instead for the same reasons posted before, plus MRW will do business with Amazon (thing of the future) whereas SBRY with Argos (thing of the past). Don't get me wrong though I still Believe SBRY is a well managed and solid company and I would buy some back when (and if) the SP drops to the 230 support area. This is only my opinion, always DYOR and good luck if you are holding.
Well what can I say. I hope you are right 2reincarnated and if the share still exists and goes below 2pounds at the end of the year I might even buy some back as a speculative buy. However at this moment I just feel that there are better shares to trade out there rather than trying to catch RTNs bottom or waiting for it to bounce back.