Member Info for Uncle_Doug

Bad day for the Irish.

Looks like we dipped below Double Doug. That didn't last long. Getting back to 8€ in no time.

I guess we may see another raid on the supermarket shelves in light of no deal being the more likely outcome. Tesco are already getting prepared for import delays. I'm planning to stock up the garage with loads of items next week when Sunday's no deal is announced. All should be good for Tesco's sales.

https://news.sky.com/story/brexit-tesco-stockpiling-long-life-products-in-case-of-disruption-12156246
The chairman of Tesco has admitted it has stockpiled long-life goods in preparation for possible supply disruption at the end of the Brexit transition period.
Speaking hours before PM Boris Johnson was due in Brussels for last ditch trade deal talks, John Allan was unable to rule out the chance of temporary shortages in some fresh foods from 1 January but added they should only be for "a limited period".
He said the UK's largest supermarket chain had moved to spread imports across UK ports to avoid a reliance on a few points of entry, including Dover, amid warnings of long freight delays.

Keep up with the news guys ... British holidaymakers will be barred from the European Union from 1 January under current Covid-19 safety restrictions, with the EU commission indicating there will be no exemption for the UK.

Only a handful of countries with low coronavirus rates are exempt from rules that prohibit nonessential visitors from outside the EU and European Economic Area (EEA) – with the UK included only until the end of the Brexit transition period.

Full report here: https://www.theguardian.com/politics/2020/dec/09/uk-holidaymakers-could-be-barred-from-visiting-eu-under-covid-safety-rules

Well of course - the 2 days grace period is just for Boris's mates to cash in all their shares. There is no deal - tbc on Sunday. I wouldn't buy back next week. There's already widespread disruption at the ports. Wait for the total chaos on 1st January and beyond.

Looking at Boris's face compared to Ursula it was pretty clear that after dinner he'd been handed his ass on a plate. Scotland will be off next as the UK shrinks further into insignificance.

Made a profit at least. Markets seem positive early doors. CEO seems very upbeat. Dividend of 4p reinstated next April (bit stingy IMHO after losing out on our 16p divvi in 2020). 30% rise in E-commerce sales.

Miles Roberts, Group Chief Executive, said:
"I am really proud of the commitment, professionalism and flexibility of our employees in this extraordinary time, keeping all our plants operational and responding to our customers' needs throughout the period. This has enabled the Group to perform well in the context of an unprecedented environment. Q1 was particularly impacted by Covid-19, but pleasingly we saw real momentum in corrugated box volumes and profitability through Q2 and into H2, together with continued excellent cash flow generation. We have maintained our track record of winning market share through our fibre-based offering focussed on FMCG and e-commerce customers, where the seasonal period has seen solid growth. Growth with our largest customers has been excellent and our US business has seen good underlying progress during the period, reflecting the recent investment in our new plant in Indiana and the award of a number of significant supply contracts from major FMCG companies."

OK you're right, I'll sell then. Now, will you go away?

Boris has blown it. No deal is going to hurt Ireland big time.

Why are you even here? You're obviously not invested. Best to ignore the sad troll.
I repeat : I'm happy with Mears SP atm - above my target, momentum is good, future positive.

Nice try troll.
For the actual shareholders, here's my view. I thought the trading update was good. They're finally getting debt under control and things are looking up post Covid. There's a focus on only taking contracts that provide a decent margin. There's no liquidity in this share and it is under the radar of big players - so, it can take months doing nothing or can suddenly rise 70p in a few days. I believe it is massively undervalued and could double from here in a year and treble in 2 years. The SP is above my target so I'm staying in for the goodies (I hope) next year.

I would've put sage in my Xmas carol but as he never posts these days it seemed best to leave him out.

Hark ! The RNS will sing
Glory to Mikey our King
Ramping boards and mercy mild
Hulme and Daytrade going wild
Passenger Numbers never rise
The junk status of the skies
With low load factor I proclaim
Christ , the cash burn is insane
Hark! The Cornwall Clowns will sing
Glory to Mikey our King

(with thanks to VOG for the inspiration)

Lots of posts for admin to delete tomorrow . LOL.
No Brexit deal will be devastating for RYA. Just saying...

deal or no deal - we'll still need food, etc.

Stop Press. My contact in Brussels tells me that Boris is gonna be sent home with his tail between his legs. No deal is my predicted outcome. He'll fly out there so he can say "Look, I came out here and I did my best, etc". Then he'll try and blame the French as is the English tradition the last 500 years. Always goes down well with the gullible public. This no deal will seriously dump on all Irish shares, especially banks and pig farmers.

never heard of Liberium. Fake news.

yeah - what he said. In the RNS tab you can read the statement from 8th April about cancelling the interim dividend.

Never mind attacking IAG - O'Leary should concentrate on improving that loss of 82% of passengers and stick to running his own company. Every month we get a new downgrade from the Irish horse racing enthusiast O'Leary. This month, O'Leary tempered his previous optimism about the timing of an eventual travel rebound. Ryanair still expects to lead a strong recovery, “not necessarily in the summer of 2021, but in the winter of 2021” and onwards, he said.
Wow - he's playing it very safe there. Well, you heard it from me first and now Mikey agrees with me - Summer 2021 will not see a return to normal. The guy makes Boris look good. Strong Sell.

Some high street shops (e.g. Primark) doing 24 hour opening but still footfall last weekend was down 25%. I guess many people just don't want to risk being in close proximity to others while infection rates are still quite high. Boohoo results will be amazing. Current SP is a bargain.