Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
The troll is a failed seller of military tat on ebay. Makes sense kallu sells old tat no one wants. A bit of an old relic himself no one wants around. The way he goes on about old-school businesses which are going through a transient period, just like online are but are out of phase 180°. Call it the last 'hurrah' if you like before the slow and certain decline of brick and mortar retail whilst online will continue it's upward march.
Actually trying to argue that primark is more trendy than boohoo is pure trollery. I have it on good authority that the age bracket in question "wouldn't be seen dead" in primark gear and that it is a "form of social suicide" to be seen in primark attire. Not my words! Once you get to your 30s it becomes a little less incredulous to be seen with a primark hoodie, but certainly have no primark gear in my wardrobe (except for one of those cheap ass suitcases you get for 30 quid where the wheels come off on the way to the checkout). Not saying boohoo quality is better or worse, but you cant argue that it is 10000x more fashionable. And fashion sells haven't you noticed....
Stocks are at their most dangerous when consensus believe a movement is a "sure thing". I always play against the herd and have been rewarded far more times than lost. ASOS could catch everyone off guard tomorrow! Can't see how any forward statements could make much more of a difference considering everyone and their pets know about the headwinds, so not exactly a surprise to hear asos report about them either.
At 15%, I believe the owner has the right to apply to court to object to a variation of share class rights. Judging by the sale, t.rowe want to stay just below this threshold to avoid any responsibility within the company itself
Not surprised at this dropping back this afternoon given the history of this stock tanking on results.
Let's hope results are decent and forward statement as expected. Then surely this stock will go up with a little tailwind from wider market
If forward statements are the same or similar to others in the sector, growth holding up well and the traders/bedwetters want to sell their holdings tomorrow and cause this to dip 10%+, I'll be lapping them up. Whatever happens tomorrow, unless ASOS have been particularly affected which doesn't seem likely, its a win win situation for me.
Downside risk comes from forward statements. However the challenges the sector faces are extremely well documented and several companies have already reported challenges faced in the coming 12 months. So ask yourself why, when it is very obvious that ASOS will have the same problems, will this cause a drop unless they are affected particularly bad which is unlikely. Nothing is going to be new news RE forward statements, so this will cause perhaps a minor blip from traders/bedwetters but that's about it.
Positive things can be growth holding up well in key geographies, especially US where infrastructure is in place, so growth should really be holding in these regions. Also an update from finding a CEO should be forthcoming.
To summarise, unless something unexpected is reported that has not already been documented by other companies regarding the challenges faced in 12 months, you shouldn't worry too much about forward statements. Things to watch are growth in key regions and how well they are holding up compared to boohoo for example, particularly in regions where they are not relying on expensive air freight like the US. Also I am expecting margin degradation to be less because of this. If ASOS is holding up well, the SP will rerate as currently, the company is priced for the worst outcome. Guilty until proven innocent!
The market loves punishing traders that think an outcome is obvious. So I won't be selling this afternoon and trying my luck in the morning.
GLA
Kallu is definitely one to be binned. Applying old world metrics to new world stocks is as much use as replacing an f1 car with a steam engine.
Maybe what he says can be related to other stocks like SHOE, ABF, TATE, NG ect but this poster lacks the knowledge of what growth companies are about, and perhaps a bit miffed about missing the decade long bull run in growth. That and the poster is a few shillings short of a pound. Nice to see this particular poster to not spam the board so much.
It's easy to spot those posters with genuine concerns and grievances (there are many) and just as easy to spot trolls who try to trade this and fill the board with bile depending on what side of the fence they are on.
Double bottom would be a nice indicator of a base at least....assuming results are at least what the market expects and doesnt cause the SP to crater further. After all we are not exactly priced for glory and fully expect forward statements similar to that of boohoos in terms of headwinds ect. ASOS growth should hold up better than boohoo though due to having infrastructure on the ground in key geographies such as US.
If this went sub 20 before results I would certainly buy more. The way today went, its not beyond the realms of possibility for this to happen. Dreadful day for online companies for little apparent reason.
Indeed. I was in SGC, NEX, MAB, MARS all at their very bottom. It felt very similar to this, utter despair and frustration. But with these companies, things at that time were far more uncertain as anything could have happened. ASOS, BOO ect are actually solid companies in a much better position than companies back then
and have just experienced a temporary slowdown and squeezed margins due to record headwinds. Soon as things ease, these companies have nowhere else to go but up, just as travel and hospitality did back on that faithful day in Nov 2020 when everything boomed.
Similar will happen here. Bravery and patience required is all. Easier said than done though with days like today.
Lol nice try maxage. Not saying £1 won't be retested, but it's not happening today. 15% drop for a 1.3bn company in one day for no reason? I certainly wouldn't mind a second bite of the cherry sub £1 for a medium term mean reversion recovery play so bring it on.
Despite the extreme value to be had with boohoo and asos, negative sentiment still hasn't been shaken and inflation panic is still in the air.
Another horrific day for uk online retail for no specific reason other than some words that was said half a world away. Drop massively magnified by sentiment today, and next results were decent so bodes well for asos with infrastructure in place in key regions.
Not sure I am confident enough to top up further pre results however despite the urge as I have a fair amount in boohoo at the moment too. These companies just cant seem to please these days and no doubt will sell off even if they post 100% growth lol. I'll see the results first before buying more.
Spot on RTN. Only the most basic TA such as SMA, RSI, psychological numbers such as whole numbers, previous stock peaks/troughs, very obvious channels or when two of these indicators intercept are of any use real use due to their self fulfilling nature when selecting a buy/sell point, and only in the absence of any fundamental news on the horizon.
However the usefulness of the most basic and well known TA rapidly loses its self fulfilling prophecies when you try to make things more complicated as less people will know about it. Humans have an amazing ability to create organisation from chaos and some are better than others at doing so, but this doesn't give them powers to predict the future or have any greater insight into the future, it only allows them to make the past look more explicable which in this game is not very helpful.
And of course, when fundamentals come into play, TA goes out of the window. It may give you an indication of how high or low things can go if there is a well known technical indicator nearby like an SMA, but that's about it.
Yeah, an odd day. Tech and growth getting clobbered across the board. Easy to see why oilers are up, but everything else is odd....not that I am complaining as I'm up big today.
Online retail was lethargic in the morning. Maybe because of the news in Russia over gas prices? Odd that boohoo should be down if the market feels so upbeat about omicron. Online retail can't seem to catch a decent bid these days regardless of general market mood.
I was just talking about the trades that go through the book every time an rns drops. There is no appetite for these shares whatsoever with the investing community as can be evidenced by the matching trades, buy in the morning and sell at a loss by noon/early afternoon. Its punters taking a gamble.
I never said the company cannot turn things around as anything is possible. However with current management, historical performance and nothing of note changing, why would anyone expect things to miraculously get better. Why would anyone expect contracts to land out of thin air? Why would anyone expect a 15 year trend of dissapointment and loss to randomly reverse?
The best thing here would be an RTO with an entirely new company in a completely different industry with new leaders and rip down the MDZ banner. Clear the decks and start afresh. The only value to be had here is the listing itself. MDZ is basically a shell company.
Of course I am interested here purely for the abnormally low mcap which makes interesting things happen on AIM. But that's it.
We all know kallu is a fruad. I mean honestly, who would spend literally their entire life on a bb if they were not extremely interested in the company.
The troll used to sell military tat on ebay until ebay started raising postage fees, then the troll went on some crusade against ebay haha. Can see the cheap tat thanks to a thing called Google cache, which displays the idiots personal details too. I mean, how stupid can you get.
Go back to selling tat on ebay and cribbing about ebay increasing postage by a few pence. Leave investing/trading to those who actually make a decent living from it and know what they are doing. Should have stuck to what you are good at; selling cheap tat. Perhaps you wouldn't be stuck in the hole that you are in with ABF ;)
Our kallu is known for imagination that is more whacky than trump on acid. Kallus eyes must be like 50 pence pieces (the old ones) after staring at a computer screen non stop for 2 weeks.
Go back to selling medals on ebay and cribbing with ebay over postal costs haha. Growth stocks go way over your head
Speculative bs is the trolls modulus operandi. Of course, the troll could never answer why UK growth is smashing it and was smashing it in the US before covid hit doubling the lead time despite the fact that no infrastructure is in place there. It obviously appears that us as well as vast swathes of UK population who shop at boohoo disagree with your garbage.
Answer us troll, what is it the UK population LOVE so much about boohoo? Growth data simply doesn't lie.