Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Regardless of whether or not I'm paying attention at the back Sainsbury's are about to take a dog with fleas to bed with them. Why can't they kick the tyres of a fledging smaller company, AO. would be a better fit and they could swallow that whole without risking the farm.
Of course these are my worst fears. More likely a counter offer will come forward. If sainsbury do this deal I'm out.
A buyer has already been lined up to acquire the parts that don't fit Sainsbury's strategy. The ink is already drying so if you think it's a good deal great otherwise do what you have to do.
I think the £90million is being used to pay down the debt and underscore the dividend at 6p for the next 3 years. Not a bad yield although I jumped ship a little early yesterday having bought in at 85p. Taken profits.
Mistermister. The buy-in is subjective. I'd say in the current market buy at £2.25-£2.40; and be prepared to average down in a correction. Fundamentally, Sainsbury's should be a defensive stock as supermarkets have been historically, together with gas, water and electricity companies. In a downturn people still need their services.
I did my 1/2 weekly shop in *Waitrose on Monday and I can honestly say the food in Sainsbury's is far superior than Waitrose from the delicatessen counter right through to the own brand foods including (drum roll) the crisps. I still believe there is a good future for Sainsbury's as a diverse entity, not many places you can get all and sundry, **fill-up with fuel and do your banking. As such, Sainsbury PLC represent 25% of our SIPP portfolio, eSure 10%, HSBC 10%, Braemar 10% and much smaller stakes in companies with risk/growth potential.
All the Sainsbury's stores I have been in over the winterfest have been rammed with customers, so much so they were all using staff to direct you to the emptiest tills. I converted back to Sainsbury's recently as I got tired of the *small stores, no available parking spaces and long queues which is par for course now at the likes of Lidl and Aldi. My shop isn't that much more expensive (probably £8 over two weekly shops) but to be honest that's a small price to pay for a much easier shop. *I went into Aldi the other day faced with all but the parking issues and the store was full of the great unwashed who were working in pairs to wait in line at the checkout and shop. This is a regular thing so must be acceptable for some. 20 minutes to pick up some nappies and a jug of milk - I'm out.
81 shares is a very small stake so I wouldn't worry. As it stands you've an unrealised paper loss of only £80. I have 1,000 shares as part of a diverse portfolio and can see no reason to sell right now.
Popped in to Sainsbury's earlier on this lunchtime and couldn't get parked as it was so busy, never happened to me before so went over to mcd first and walked across. All the tills were overflowing with customers so headed to the self-service where I had to wait my turn. Pleasantly surprised my £40 shop qualified me for the 1500 bonus nectar points and I am now spending towards an extra 2000 bonus points. The company isn't broken and they should focus on what they are doing right and not get into an all out price war as I believe the lost market share will either return to the big four as they tire of the discount shopping experience as they are clearly over capacity now and if some don't return then they are better off without these customers anyway. Message to the board: this shouldn't be a race to the bottom', look after your customers and your margin, get the back office in order and by all means cut the dividend. At my entry point I'd be over the moon with a 7.5p final and 5p interim.
Do you want to retract that comment? £1.1million showing in after hours trading.
Because Aldi are selling 7 indistinguishable by taste cans of baked beans for Heinz 5. Heinz macaroni cheese is the holy grail of macaroni from a can however.
I think the executives looked at their current infrastructure and realised early on that their systems were woefully inadequate hence they are recruiting for practically a whole web development team and no one else. Once the dust settles I am moving my portfolio to another provider simply can't be trusted anymore.
I got out. Bought in at 28p sold at 40p as this just shot by my target price of 25p, I'm taking my profits here and upping my stake in the RM IPO if I can stag that for 10-15% I'll consider reentry here if we have a pull back.
Store visit was during a particularly random part of the day/midweek(11am) where I wouldn't ordinarily expect to see the shop full of customers. They were also offloading bags of Viennese truffles from the counter on the cheap. I'll be taste testing them again on my next mystery shopping trip ;)
At they're going in the right direction. Popped by my local Thorntons today and it was good to see they had laid out some mega promotions prominently displayed front of store via stickered stock (usually reactionary marketing, not a bad thing as this means they are listening to us PIs). There were two people in front of me at the till and a further two customers shopping in the store (physically carrying stuff) and the well priced kids picks i.e. chocolate lollipops moved from a back shelf to the counter. Going out at half price on things such as Mint Collections put them squarely in competition with brands such as AfterEights and the quality is so much better... they were (or at least half the box so far) absolutely top notch and these kinds of promos will do no damage to brand perception as they are chocolates and not posh pens. IMO I reckon they already have a good set of financials in place to please the markets on mass/online and are having a final push on the retail side. Looks like its working. ;)
I bought some chocolates from Thornton's only to walk into a home bargains only to find I could have had 3 times the amount for the same price. Most annoyed. I still remember exactly how the Vienese truffles I used to have as a kid tasted, they were fresh... these ones certainly didn't come close and I'd guess that they now just empty the bags from the shelves into the trays as they near the use by date. They also left an oily after taste. No point substituting expensive ingredients for cheaper ones if it ruins the overall product. I agree with others that they need to sell other things in store not necessarily a joint venture with a cards co. although maybe some strategic alliances. They also have to invent a dairy milk equivalent as their chocolate is like marmite and it'd be easier to tap into mass of they had 70p bars on the front counter to get footfall.
Thorntons are trending back down to 18p over the next few weeks, not that i'm worry. I'll top up then.
Sorry larry they were assumptions on my behalf and we all know where that leads too (MOAFUs), not privy to any knowledge on the dividend front. ATB
I bought in at 9.89p sold out at 15p then went back in again at 18p as it look obvious the share was reaching for 20p. IMHO we might very well see the price bobbing between 30-40p once the dust settles. It'd be nice for the new management to get the house in order before resuming dividend payments. The economic outlook is uncertain so the business must carry little to no debt and operate much like WH Smiths who are pretty much bomb proof on downturns.
Ha! It's pretty small - a close second maybe. I'm very new to this share and bought for the vouchers above all else (hint re. first tranche ;) I will be topping up every other month while keeping this at <5% of my portfolio. Cheers :D