Member Info for TexasPete

A nice reference to focusing on nuclear power in his speech just now

57% of shares are with top holders and only Canaccord seem to be the only II within that, so if other IIs are buying in then there is not a lot to go round, lets hope this is the case

Revenue was roughly in line with consensus plus negative outlook on prices, hence the drop

Sure, but what are the expectations of mgt, can’t see this stated anywhere?

Well hopefully that means lower rents!

H1 revenue in at $379m, market expectations for the full year are $521m, so this bodes well.

I’ll have to take a look when I find the time

Yeap. A quiet board tends to bode well. Fair value as calculated by VectorVest is 110p, my target is 92p. This is a good recovery play imo. Good luck to you.

We are on a key level of resistance, this news might be what we need to break upwards, fingers crossed

Just been looking at the chart and fib retracement levels, we are now at a key support level at 363p, if the drop continues then we could go back to 341p, worst case 314p. Fair value here is 498p so I would hope any downside if any is limited, so fingers crossed we have a bounce up tomorrow. gla

I’m going to wait to top up tomorrow afternoon, this is when the IG positions will be closed for those who cannot provide 100% of the margin. It might be negligible but if we start a move higher by then all the better.

Naked Trader has bought in, updated website earlier today

I’ve been reading up on this company prior to investing. Stockopedia has forecast consensus net profit after tax for this year at 30m, however there will be an impairment charge of 10m to hit the books, so I can’t imagine stockopedia has this right, any views on the likely result (I note a statutory H1 3.4m loss so far this year so again 30m seems way off)?

...and a Stockopedia stockrank of 99/100

Same here at 267p. Looking at FY21 consensus estimates then profit after tax shouldn’t be too far away from FY17, share price around that time was circa 350p and there are 150m less shares in issue today. Plus Kingfishers marketcap is less than book value. Focus on home improvements continue then this looks like a safe investment.

Sods law, started my research on this yesterday after spotting a positive review by PaulScott on Stockopedia and didn’t manage to get in before today’s rise. Have now taken a small position. From my experience shoe shops are a place my wife still visits, especially with the kids to get feet measured etc... so I think this is a good recovery play. Also their website was very easy to use so good option for those just wanting to buy online. Onwards and upwards hopefully!

Fully agree. I also think that this company could attract a takeover bid in the future as it gets it’s balance sheet sorted, they have some strong brands. In terms of brands, now Premier has more customers I think it is quite likely that these customers will stick with the brands that they’ve discovered during lockdown.

Good to hear. IMO I think the current broker estimates of 546m net profit are too conservative, but forecast p/e of 11 shows there is good value here either way. The key point is if the can still grow after this exceptional year. gl

https://www.bbc.co.uk/news/science-environment-54703204

I'm not a shareholder...yet

I don’t think I could have summarised the action today any better. I’ve taken a position here today and hope for a quick return to £5+