The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Thanks for the link IDoMyBest! Looks like Q4 sales were inline / slightly better than expected, tho still bad! So interesting to see how the market reacts. I have a holding in Burberry, still see it as having a long-term future, and at these prices look good value, tho could take a few quarters to turn things around.
To be fair the sp is flat over six months, and flat over the last week. So pretty much saying its not completely doomed, but neither a stellar growth stock.
Yeah, cant see the shares sky rocketing on open.
Surely LVMH must be looking.
Yeah, I just bought a few for the first time. I gotta say they look so cheap right now. Got to be a sitting duck for someone like LVMH or an activist.
Will today's UT trade be more or less than 40p?
Given current momentum, might start showing up as a buy on some trend following algos
Personally, for what its worth, I didn't think the Dr Marten's results helped. I think the selling tends to be a more general play on a bearish outlook for the U.K. economy, and picking the weaker companies within that.
@alex1621
or as the late Charlie Munger said.
“Investing is where you find a few great companies and then sit on your ass.”
I think at these levels, you will start getting the bid talk again. LVMH could hoover up Burberry and not even notice it.
What would you recommend Spidey?
To be honest, when I go out, the bars and restaurants are pretty packed, complete contrast to late 2008 when everywhere was like a ghost town. I guess the question is whether there will be delayed reaction from central bank tightening.
Not sure if that applies to the shares or just the clothes.
Https://www.hellomagazine.com/shopping/508041/asos-best-sales-deals-discounts/
Not much volume generally since U.S. closed today for thanksgiving and half day tomorrow for black Friday. Yeah, I agree, probably not much will happen for Boo the rest of the month. Would imagine things will pick up in December and January. Still see it rising over 40p by end of Jan. Not a 100% certainty tho!
The way we've seen a move to risk-on since end of October, following very negative investor sentiment + Israel/Hamas war looks contained, oil prices down, yields down, looks like santa rally, so quite possible BOO will be greater than 40p in next couple of months.
Another point is the reason monetary tightening works is that it destroys demand. Falling inflation and rate expectations and yields could also be signalling rising unemployment and a recession, which would not be good for consumer discretionary stocks either! What you need is falling inflation, falling yields, stable employment and rising real incomes. That's a big ask!
Good point.
I bought in at around £1.40. I am not selling, but have already spent enough on DOCS shares. But if I hadn't, I would buy at these levels, though could make sense to wait for the trading update first.