The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
...I am amazed that this SP is holding up as well as it is. I am surprised it has not tanked well below £1.50 by now and should be down, IMPO, around the £1.20 mark. I suspect the next thing we will hear will be of some staff cut-backs and perhaps some offices closing. What should I buy for my £1.55 - a London estate agency or Morrisons? Probably neither.
I wonder at what point both SBRY and TSCO decide that the cost of running their loyalty cards is out-weighing the benefits to them? Significant expense running either I would imagine. It would be ironic that just as MRW is spending vast sums to get their own system up and running that both SBRY and TSCO decide to ditch their own ones. Let's face it, both Aldi and Lidl are showing that the cards are not needed - if you have cheap prices.
Minor bad news? That is hysterical. They will lose a lot of customers over this. I can see the SBRY SP below £2.00 before year end. A diehard SBRY customer friend of mine, who is very snooty, finally said yesterday that she needs to change to Aldi and Lidl. Judging by the thousands of comments on numerous national newspaper websites in tue past 24 hours she is not the only 'loyal' SBRY customer thinking this now. Minor bad news? Either a sign of how desperate they are or one of the stupidest management decisions ever.
When TSCO cuts its dividend the SP of SBRY and MRW will fall along with TSCO - that is the relevancy. I have sat here this year watching numerous numpties posts that what happens with one supermarket is not relevant to the others - all 3 are still very much in decline and are affected by each other.
I thought so. Personally, I don't believe the Chinese data. 'Fake data makes a complete farce out of rosy Chinese trade data' http://www.arabianmoney.net/banking-finance/2014/10/14/fake-data-makes-a-complete-farce-out-of-rosy-chinese-trade-data/
Many miners are down last night and this morning and it is - perhaps - a sign of where the price of gold and silver is going.
Overnight RIO have said that they have no interest in a merger so if you can get about £35 this morning it might be the best opportunity to sell out? I can't see Glencoe having the resources to do a hostile take-over or get the buy-in from China. Not investment advice DYOR.
I think this will go below 700 but where it stops between today's SP and the 52 week low of 658 I do not have a clue. Let's see what happens with the price of gold this week and whether it breaks the 1187 price at close and takes silver down with it. Strong dollar. Everyone seems to be thinking that the US economy is recovering re Friday's US jobs numbers so it looks like a pile back into shares today. Commodities to be hurt again this week?