Member Info for stuzeeuk

I was wondering the same thing, perhaps there are some whispers, as I think they are due a trading statement soon. Or maybe with the markets having a bad day they decided to give this one another kick.

I actually think this stocks problems are easily solved, but just like pulp fiction, ego is screwing with a perfectly good stock. If it paid a dividend it would jump 20-30% overnight. If it addressed the corporate governance issues even more. I can't help but draw parallels betwen Maxwell and Ashley, and not just that they are/were both 'chunky monkeys' :-) I mean that in a jovial sense ....

I hope we don't become another Ukraine. Thailand really needs a stable government, and a few smoothe transitions between parties. Lets hope they can sail a safe passage. http://www.foxnews.com/world/2016/02/11/thai-deputy-pm-sets-july-31-vote-on-charter-2017-election.html

I am now back in the black and ahead if you inlcude dividends. Lets hope news of the economy picking up support this one http://www.thanhniennews.com/world/thai-economy-expands-more-than-forecast-on-government-stimulus-59254.html

The takeover of Austrian sports gear retailer Eybl/Sports Experts by British discount shop Sports Direct has turned into a financial disaster. Sportsdirect.com Austria GmbH posted a loss of over EUR 45 million (USD 50 million) for FY 2014/15, with the revenue shrinking to EUR 188.7 million, WirtschaftsBlatt reports. The bad news just keep coming ....

The pheonix is clearly taking a wee rest ... maybe it will decide to go back to the ashes :-)

Its not so much the penalty that is the problem, its the continual scrutiny. If your preforming well, paying a dividend, you can weather the storm. When you have neither of these things in your camp. It can be a long road. Its not so much the court case that is subduing the price, (IMHO) its the profit warning. The only danger of the court case is that there is more scrutiny to follow.

Dead cat bounce?

big mikes PR machine in full swing (run by our colleagues ast KBA PR) the headline could have read mike 'dumps unsellable goods' If SPD have so much unsellable stock that would explain the profit warning...

The conflicts of interest is on the company website, as is the remunertion and nominations commitee being more than half the the leadership team. Mr Llambias on the BoD of Keith Bishops, where his son works is on the KBA website. The MASH avaition helicopter contract and the luxury chalets is on open source in the media and the annual accounts. Mr Ashley's large bonus scheme was confirmed by the company in its RNS. The working conditions had a full TV documentary. The no dividend policy is confirmed in the accounts and on the fundmentals button above. The alleged asset stripping at USC was widely reported on open source in the media and in paliamentary select committees. Mr Forsey's pending court case is covered by most major media organistaion and legal statements. Apart from its another great post Disco, I am glad you are a musicman and not an investor :-)

Correct me if I am wrong but last time I looked at this one it was significantly invested in Kuwait and Nigeria, now it appears to have diversified pretty dramatically. This looks much more interesting (with the exception of Kazakhstan and Caribbean,which I am not mad keen on) Benchmark Sector Analysis Gross assets(%)* Country Analysis Gross assets(%)* Financials 34.8 Bangladesh 10.4 Consumer Staples 20.1 Argentina 10.2 Telecommunications 9.9 Pakistan 9.6 Energy 9.1 Romania 8.1 Utilities 6.0 Kuwait 7.8 Health Care 5.5 Sri Lanka 7.7 Industrials 5.1 Kazakhstan 7.3 Consumer Discretionary 3.6 Ukraine 6.0 Technology 2.1 Morocco 4.9 Materials 1.7 Kenya 4.9 Information Technology 1.4 Vietnam 4.3 ----- Nigeria 4.0 Total 99.3 Eurasia 3.1 ----- Caribbean 2.6 Short positions -1.7 Slovenia 2.2 === Estonia 1.9 Other 4.3 ----- Total 99.3

54% invested in the USA Holdings % NAV 1. Simon Property 7.0 2. Public Storage 4.9 3. Equity Residential 4.5 4. AvalonBay Communities 3.7 5. Westfield 3.5 6. Land Securities 3.5 7. Welltower 3.2 8. Mitsubishi Estate 3.1 9. Link REIT 3.1 10. Mitsui Fudosan 3.0

Let's hope this one reaps the benefits ! I think the best economies for investment are - India - Nigeria - Vietnam - Thailand (perhaps), although its definitely in the duldrums at the momennt.

I am dancing to 'I just called to say I love you' Pretty much the same as the calls big mike is making to MP's !. As well as trying to explain away the poor working conditions at the 'gulag' and asset stripping allegations at USC. I wonder if MASH aviation will fly the MP's up there by helicopter, at sportsdirects expense. Mr Forsey's trial will be interesting, I wonder if more will follow. That's the problem with these things. Big mike needs to get money into his favourite party's coffers !, not invite them round for tea and toast at 90% off. IMHO

Inconsequential profit warning?

Sports Direct’s young fashion fascia Republic narrowed its losses from £27.7m to £8.5m for the year ended April 26 2015. Sounds like great news till you learn ‘During the period it acquired 28 of USC's 60 stores from West Coast Capital’ Not sure how that is going to play out in court on asset stripping allegations. Looks like more fuel to the fire. When is Mr Forsey due in court?. Does anyone know the potential penalties? Could the company be sanctioned? Or is it just jail time for Mr Forsey? Have any civil cases been brought by the landlords who lost out?, or is that likely to happen after the criminal charges have been concluded?. http://www.theguardian.com/business/2015/dec/11/revealed-how-sports-direct-stripped-usc-assets-before-it-collapsed If the above is true, you have to give it to big mike and the alleged gulag controllers. It was a job well done.

I was in Ghana a few weeks ago, we got to meet with some economists there. Due to falling commodity prices,gov spending, poor tax revenue they will begin an IMF programme soon. The currency has devalued and the short and medium term outlook is bleak. I know this doesn't have great exposure to Ghana but last i looked it does in Nigeria. If you can do some research on the macro enonomy in Nigeria it may be useful , Ghana is its neighbour (elections due this year and Liberia and Sierra Leone, Ebola countries, in the region). Please do your reserch on this one. Good luck chaps, I still have it on a watching brief.

So I assume SPD made a contribution of 590K for mikes helicopters?, thats nice of them :-) That would have made a nice contribution to a shareholder dividend though. Oh we dont do them anymore. The bonus scheme is through SPD, no need for a bonus scheme at the MASH companies. He owns all of it. MASH made a nice profit for mike, that will off-set the aviation losses after SPD's contribution and ease that pesky tax bill. I see Mr Llambias is on the Board of Directors at Keith Bishops where his son is employed. With mike giving his daughter's boyfriend a property consultancy job, at his compnay, its getiing all very cosy in here. :-) If I was a shareholder id consider do-ing walking away ....oh wait ... the share price has halved, it looks like most people have.

Sorry Queeny I missed you. I got into CSN some years ago, and it has plateau'd at 100% profit and 5% dividend. Granted it been a bit dull now for a while, but thats what a portfolio is all about. ANW looks like it may be worth a punt again and NII is a decent long play. BRFI is interesting although I haven't yet taken the plunge.

So you just post here for the love of mike and the 70% off price tags. Happy days :-) I think you can only filter people in thread view, which doesn't seem to be your strong point.