Member Info for Tony1957

WHL - yes apart from the very good performance of the management team the other feature I took away was the single threat on the horizon - the departure of the CEO and the later departure of the head of the VET section.

GEC were a major employer where I grew up. Weinstock ran a tight ship and what was it, 30 year of outstanding dividends, a record unmatched by any other FTSE 100 company?
Sometime in the late 90s after dinner, I was looking at the financial pages and the Telegraph had a feature story of how Simpson, the new boss, was changing the company name to Marconi. It headed up the article with the famous sepia picture of Gugliemlo looking at the camera with his radio receiver alongside him. My wife looked across as I put the paper down and saw the source of my frustration straight away - "that's not Marconi!"
"No it is the guy who has taken over at GEC - this is the cover of the latest GEC financial report."
"GEC are headed for trouble then," was her simple but accurate analysis.
She had worked for GEC for a short time at Underwater Systems. Simpson had decided that the very famous picture could be improved by superimposing his own face over the top of that of Marconi.
Lord Simpson, his ego and stupidity might have wrecked a business but sure as heck he will not be poor.
Succession - always a difficult time for a business.

I listened to the management briefing on the Q3 FY22 Trading Update. Peter Pritchard & the team were great. I particularly liked the nature of their answers to the questions afterwards. No guff and bluster, with management not on top of their figures and the reasons behind those figures, but the exact opposite. A team who could answer all questions with detailed logical answers. This is a well run business with clear, high quality strategic and tactical aims and importantly for retail, one that recognises the customer is king. Get it right for the customer and you have a good business.

I am just kicking myself that I did not break my own portfolio rules and extend my share holding in the last few days while the share price was so low and purchase more. The volatility over at the Nasdaq, for example the drop in the FTSE when the American markets opened yesterday(!), spooked me when I should have recognised what I see each time I go into town - the car park at Pets at Home is always busy.

As the NASDAQ direction changes every 10 minutes, the comments are coming in on Stocktwits. The movement of the FTSE 100 as the US markets opened, was also something, after yesterday. A loss of nearly 60 points and then putting it all back on, in well less than an hour. At one stage there I thought we were headed just one way until the close.
Denmark are thinking of removing all restrictions. As travel opens up, after what has gone on - leave it in the Building Soc earning nothing or go on a holiday - while you can? The planes will fill, profits will return.
Yesterday my wife received an annual statement on an NS&I account which notified her of the annual interest she had received on the account - £0.01. Glad she saw the funny side of it. she took my losses here at IAG and elsewhere in good stride.

Since launch there were very few trades per day but now we are rolling. I am happy to have this business in my portfolio. A product that gets changed when houses are refurbished so going to be in continual ongoing demand. That Mail article was very favourable.

This week has seen a significant slide downwards. Results due in two weeks. What other reason for the slide can anyone offer other than information on results being advanced to a few insiders?