Member Info for SumOverHistories

There was no indication at all in the update that bankruptcy looked like a possibility. The update showed they had been managing costs well during the crisis and had good liquidity in place. They also have what looks like a reasonable transformation strategy.

Fair enough they have made a loss in the first half of the year, but assuming what they’re saying about store revenue over the past 4 weeks is an ongoing trend then they may break even or turn a small profit by year end.

Next year should see a return to profitability and perhaps the reinstatement of a dividend. At the current price and lower the potential dividend yield is very good once it returns.

I’m out for the time being because there just doesn’t seem to be much investor interest here at the moment and the price is drifting down. Hopefully I’ll get back in at a lower price. I could equally get caught out if the price spikes back up to 50p over the next week though. You never know. You pay your money, you make your choices.

I reevaluated my position based on the update they released. I still think it’s a strong buy if you’re going long and can wait until next year. There just doesn’t seem to be much interest in the stock or volume at the moment so I’m putting my money somewhere else and waiting for a lower entry point. DYOR

I agree this stock looks like a very good recovery play heading into next year. Based on today's update, I think there may be lower entry points available though. I sold this morning at a small loss and will hopefully get back in at a slightly better price down the line.

Just asking because I've noted from some of your posts that you seem to be particularly knowledgeable on this stock, fleccy. I agree this one seems to be way undervalued given the profits and assets.

Would be interesting to understand what drove the meteoric rise from 100p to 500p between 2008 and 2015. The EPS has been consistently reducing between 2016 and 2020, which I guess goes some way to explaining why the share price has been in decline for the past few years.

What’s your one year, two year and five year price target for this stock, fleccy?

It's like waiting for a bus that never turns up.

When is the next takeover rumour due?

You happy with the update then, chips?

Yes a slightly disappointing read. Encouraging to hear however that store performance has been gradually improving since reopening and LFL was down only 6.9% over the 4 weeks to 20th September.

"Better than expected trading in stores since reopening, with transaction numbers continuing on an improving trend since the period end and material average basket value gains which are holding steady, with LFL down only 6.9% for the 4 weeks to 20 September 2020"

May the force be with you.

If this company can return to its pre covid profitability then you are potentially looking at a near 40% dividend yield at the current prices. Not to mention the possibility of earnings growth over the coming years as the new management implement the new strategy.

This company has reopened its estate and the previous update indicated its stores had exceeded initial expectations. Strong buy as far as I’m concerned, but will the market take the same view following tomorrow’s update.

I think they outlined some of the transformation plans in their capital markets day update in June. Hopefully they will reiterate these plans again tomorrow. The announcement of a new CEO should also be a positive.

Completely agree that they need to further develop and enhance the awareness of the online offering. Not sure if they have done TV advertising previously, but some of their online competitors such as Moonpig seem to be quite big on this. I also like the retail partnerships and think this could be a good way for them to further expand both domestically and abroad.

I suspect it is investors with jitters getting out ahead of the results announcement. Personally, I'm expecting the results tomorrow to show a profit and be decent considering the circumstances, so I'm staying in. I also think that this stock is unlikely to be badly affected by a potential no deal brexit at the end of the year. Even if the EPS tomorrow has halved to 0.08, it would still represent good value at the current share price.

Keep your chin up and hold firm bud. Government will support public transport. Long term this will rise.

I think the 90% of revenue claim in the media was a bit misleading. But realistically the government is going to prop up public transport indefinitely. Additionally, once normality does finally resume, this company has an excellent return on equity and has good growth prospects.

Far safer bet than one of my other holdings Cineworld.

This share must be due an upwards rerate by results day surely.

Once upon a time in East London... the investroid story

Disney has got absolutely no intention of supporting their exhibition partners during their hour of need.

Thanks. That was really insightful.

Any offerings on today’s RNS’s?