Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
One thing that would be interesting is how superdry sales are doing relative to other lines in concession stores like Next and Sports Direct.
Thanks rupans. I dont have much to go from. A few months ago, I looked at the Bromley store and it looked very empty. But more recently, the Gatwick store looked sort of busy, and I noticed a couple of superdry rain coats being worn. Before that, I was seeing a lot more Canadian Goose and North Face rain coats than Superdry. This is all purely anecdotal, so really want to get a better understanding. Your comments + link are helpful.
I guess if it can stay in business, now is a good time, but the big question is. Is there any brand value in superdry? And what about the leases on the stores. The stores always look empty when I walk past them. Would be interested to know trends in footfall etc, and if there are any products that are gaining sales momentum.
I would imagine the sell orders could be driven by "UBS cutting Asos to 'neutral' (buy) - price target 410 (550) pence." Clients probably saw the recommendation and/or were advised to sell.
I agree, any upside surprise would be very helpful.
You could potentially get a risk-on year-end, early 2024 rally, which would benefit all the high beta small-caps. December thru Feb tends to be when small-caps outperform the most. Also if you look at Next, Primark, M&S, the consumer looks to be holding up much better than expected, so potential for that enthusiasm to spread to Boohoo. Just a thought! Although not sure about 59.5!
Yeah, I'm surprised, no comments until yours and only one a month ago before that. I think the better the stock the less comments there are! I will be looking for discussion boards with not discussions as a way to pick stocks in future!
Interesting that ABF is up 7% on stellar results from Primark and up 40% YTD, but there is just one comment in the chat. The first for a month. Not sure if there is an inverse correlation there!
Yes, looks like nothing that hadn't been discounted already.
Thanks for clarifying. Will be interesting to see how things unfold.
I would imagine asos would be obliged to comment on this due to regulatory reasons, right?
Yes, I imagine the direction will be higher today!
I agree, short selling should be allowed, it's part of an efficient market. Think Theranos, Wirecard, WeWork, Enron, short-sellers help identify fraud and poor companies earlier and improve the allocation of capital. It's actually much harder to make money on the short-side than the long side. Just hope they are wrong with boohoo!
Well, I guess if you have less inventory you need less warehousing.
Good point Newby, net debt has reduced this half.
Yeah, the rise in debt is a concern. It's difficult to be massively positive based on these results in the near-term. In the longer-term if they can turn profitable, then may be reasonable. For example, a net income margin of 3% on 3.5 bn revenues = a PE of 4.5 at today's market cap.
Yeah, maybe a few buys will come in as bet before tomorrow's RNS!
Tbh, I was somewhat surprise, they didn't short after the delay in the announcement. I took this as a positive.
Thanks for the link
To be honest, I haven't done a load of research on Unilever for a while, so interested in your comments. But just looking at the top line numbers a long-term profitability, I think just an average CEO can keep the cash coming in. I have a reasonably sizable proportion of my equity portfolio in Unilever, and don't expect to sell any of it in the next five years. If i had a load of spare cash now, I would likely add to my Unilever holding based on current valuations. Though, I should probably do a bit more research.