Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just bought another 5000 shares after 8% drop today. Have taken the view you eother believe the management that the widening of the vat probe only has a remote prospect of the fine goung up or you don't. If no worse then 8% drop is over reaction. In their words they have taken processional advice and don't think there is much prospect of liability increasing.
Small < 1% ISC , cosiderable I would assume being > 5 % ISC. Not sure still being in business is a measure of future success.
I was not talking about AIM being full of fraud. And no you can't get fraud cover for what I was talking about which was the Invoice Finance Industry. i am well aware of how to diversify a portfolio ta.
I have a small stake in this business. However, i used to work in this industry with one of the UKs largest providers of invoice finance. What GLI are doing ie financing individual invoices is a very risky business others have tried this route before and come a real cropper. It is so open to fraudulant activity by the client and very difficult to spot. Added to that debt collection in france is very hard late payment is a way of life. So having read this I will see if there is a little more steam left in the upward momentum of this stock then I am cashing in. Hope for others I am wrong and perhaps Gli are smarter than I ever was at this type of finance.
Useful post thanks. I invested in Cello about a month ago. The management look very capable of managing a business ten times its current size. They seem to make good acquisitions that fit well without braking the bank and paying top dollar.
Good question. In fact its probably in the top three that SBRY need to address. The problem I see is these rental yields aren't sustainable given long term yields on just about everything is almost half what is was 5 years ago. Additionally, the typical supermarket space/premises is no longer today's long term model. A few might attract a premium on full sale if they could be converted to housing, some local authorities might be interested in some joint venture to promote affordable housing as quite a few are in brown field areas. Trouble is its no good SBRY waiting too see how things pan out. The risk is they may all want to offload this type of space over the next 1-5 years. My own view most of these supermarkets are just toooo big, no one wants to spend hours going up and down aisles anymore. Personally, I would turn at least half of them into mini malls and sublet especially if they have parking and cut the size of the store itself by 50%. I think that would also give SBRY a strategy that would be much harder for TESCo and others to follow but only if they got on with in NOW.
....uuum I did read in carefully and there is nithing substansively different from what the DT said days before. Of course they announced their fund raising having said they were going after SBRY shares. Annoucing it means no more than them having already announced they will take an activist stance with SBRY. In short a PR exercise. When they start getting loaded up with some actual cash my interest would change. As for saying its dated today so what? the media are always rehasing old news stories and that's what's happened here.
This is now old news. i am not sure it means anything at all. The DT did a very good analysis the other day ...but maybe that's just because I agree with it! Here's the DT link worth a read.. http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11277855/Activists-plot-share-raid-on-Sainsburys.html
dear Cello. Not sure NAV is now anything like 285p. Shorters have already priced in an assumed 20% oversupply in total market. Assuming all keep their present market proportion then about 20% of SBRY are redundant. That I think is also Goldman S logic 'cos it gets SP down to about 180p add stock w/o and you could get down to 150p. Of course this all assumes they will all shrink at the same rate which of course never happens one will topple and others probably surive. That's why shorters are just sitting as they have shorted all the vulnerable players. Strategically as SBRY sitting in the middle of the road guess they must think long term SBRY will come off worse.
Correction typo spread was 84 - 87
Thanks che. You set out all the good reasons I bought. Interestingly you can see my share trade of 10,000 shares today but LSE shows it as a sell not buy!! Easy to spot as so few trades. Interestingly as you say the spread is quite quite I was show 84 to 85 bid to offer. I deal through TDW and put in a fix or kill of 85p and was surprised it got taken!
Hello chq and dyn. Just bought into this company. Liked the fundementals, Ceo looks strong and has relavent background to grow this business bigger. Good cover on divi and interest. Looking forward to a good future I hope.
I hold shares in rival electrocomponents that has seen similar drop in last few days. The CEO of Electro is leaving. Given similar size and activities one of the institutional shareholders must surely be asking for them to merge the two businesses. Got to be a lot of overlap and synergy.
Well we all waited for new CEO to opine on the way forward today after the sparse trading statement last month. As Cello, tawse and others have commented on here I have to agree what a load of waffle. Hardly the cut and thrust of a hungry retailer looking to grab the market by the short and curlies. Sounding and behaving like the Woolies of old. On a local level our large local store has had its car park revamped - the new version is a complete nightmare you can get in but takes hours to get out. Perhaps that's the new strategy?
...actually they made a loss not a profit after so called exceptional items. Never a good sign in the long run. Amazing the press haven't really picked up on a massive one off charge for contract issues......sound familiar?