Member Info for SumOverHistories

Tony Blair and New Labour said that in 1997. Or was it d:ream.

During the peak of coronavirus anxiety, it was amazing to see how quickly things descended into chaos, with people needlessly stock piling and fighting over basic items in supermarkets. Imagine how society would react if something really bad happened, such as an asteroid collision.

I think it's very likely we're going to see lower property prices in the short to medium term, as the UK navigates its way out of the current economic mess. However, having said that, in terms of this particular stock, the fundamentals of the company are very strong and the current price looks cheap relative to where it was prior to the crisis.

Hold it down boy, your head's getting blurred
I know you can't stop thinking of BARC
By all means, you can vibe with this share
But just don't mug yourself, that's all don't mug yourself

I had this debate with myself when deciding whether to buy back into this stock at 290 p last week. The opinion I came to was that what happened during the previous rally was a clear breakaway into a new pricing level and that it was probably unlikely to revisit the previous floor of 240/250 p in the short term.

I think the new short term trading range will likely be somewhere between 290 and 360 p. This definitely looks like a popular stock. When it runs it seems to go off like a rocket.

Yeah. Can't believe it. I bought into BDEV on Friday afternoon expecting them to bounce this week. I knew if the FTSE tumbled again they might be down a bit on Monday, but I didn't expect them to be hit harder than the general market.

Good luck for tomorrow everyone. Without wishing to tempt fate, I honestly can't see the results tomorrow being that bad. Based on what I have read I think the company will stay make a profit, albeit reduced.

As for the trading update, it's a tough one to call. The company has enjoyed soaring online sales and most of its workforce have been furloughed during lockdown therefore significantly reducing costs. However, the shops are the main source of revenue and they have been shut for a couple of months. On the other hand, the company does also move stock via its partners such as ALDI and Reject, which have remained open.

No matter what the outcome of the trading update, I believe this stock is significantly undervalued, has good fundamentals and has an excellent ROE, which is a great selling point. I guess it's really cheap to produce cards and you can knock them out for a few quid a shot, so the margin is very good. I think within a year it's likely the stock will have returned to 100p and above levels.

All the best.

Back up to 60 p some time soon would be nice. Could be tough though. Important results and trading update coming up at the start of June. This will likely determine our short term fate.

"You will never call the bottom and point of inflection correctly but if you buy in stages and increased amounts as it lowers for what is an investment then you get an ever lower average price"

Disciplined trading. I need to start adopting that approach. I usually end up buying in one big transaction and then find there was more downside to run.

Bought in £10K @ 380 p. I've been monitoring this stock for a while but the price just didn't feel quite right to get involved. I couldn't believe it when I logged on this morning and saw it languishing down near 370 p. Looks like the news regarding Hong Kong has spooked investors. Incredible value. Good luck everyone.

I can understand the negative sentiment from those who purchased some time ago and are still holding. It is a long way back up to even the December, 2019 levels of between 150 and 170 p. However, given where the price currently is, surely there has to be some positive movement in this share over the next year, particularly once retail gets going again in June.

They also flog stuff in ALDI apparently, which would still have been open for business during lockdown.

Hopefully they might have managed to knock out quite a bit of the seasonal Easter stock via their websites.

From the Financial Times. Not sure if this would be interpreted as good or bad news, but the share price seems to have been in decline over the past couple of days.

The Royal Bank of Scotland Group plc ("RBSG") completed the pricing of its USD 1,000,000,000 3.073% Senior Callable Fixed-to-Fixed Reset Rate Notes due 2028 ("2028 Notes") and USD 600,000,000 2.359% Senior Callable Fixed-to-Fixed Reset Rate Green Notes due 2024 ("Green Notes").

The proceeds to RBSG (before expenses and underwriting discounts) of USD 1,000,000,000 from the 2028 Notes will be used to fund RBSG's general banking business. The proceeds to RBSG (before expenses and underwriting discounts) of USD 600,000,000 from the Green Notes will be used to finance and/or refinance, in whole or in part, Eligible Green Loans, as defined in and in accordance with RBSG's Green, Social and Sustainability Bond Framework.

The offering is scheduled to close on 22 May 2020, subject to the satisfaction of customary conditions.

Without wishing to tempt fate, it does appear that this has hit the bottom and sentiment is now improving. It has tested the April lows and there appears to be significant upwards resistance around 30 p. The fundamentals of the company look solid and if they re-open their stores and get back to work on 1st June as planned then the damage to this years earnings might not even be that bad.

If the last sale price was 31 p and there is a bid ask spread of between 30 and 32 p - how do you offer 30 p? Do you have to do this by placing a limit order? I often seem to end up paying over the odds through my broker when I take the market price.

Besides the low price and prospects for a strong recovery, one of the things I really like about this company is the high ROE. This business is able to generate a relatively high amount of profit from a relatively small amount of equity. 53 million of net income generated from only 220 million of equity in 2019.

Bought in £5K @ 31p. Crazy bid ask spread today. Good luck everyone.

Does anyone know what percentage of the overall business online sales and sales through ALDI accounted for prior to COVID? I’ve been looking through the most recent reports and updates but can’t seem to find this breakdown. I’m trying to work out what shape these guys are actually in given their wage bill should currently be next to nothing and their online sales are apparently up by around 300%.

Thanks. Useful calendar. It begs the question is the market going to ignore the unemployment figures tomorrow.

I couldn't believe that this didn't manage to go up even a little bit today given more or less the entire FTSE 100 was flying. Hopefully we might see a delayed bounce tomorrow. There seemed to be quite a bit of resistance around 188 / 189. Hopefully this will prove to be the new price floor going forward.