PYX Resources: Achieving volume and diversification milestones. Watch the video here.
I guess that's the same for all large corporates. I like Unilever as a long-term hold. They have strong brands and pricing power. I just think at these levels they look good value for the long-term. I think the bar is pretty low for the new CEO, so opportunity to improve productivity and growth.
Yeah, I think ultimately, he wants to own more of the company, which is a positive.
Providing that the share price is below the strike price that is.
Also, if Frasers want to buy shares at the current price without disturbing the market. The can write an at the money put for say a month's time, they get paid for volatility and interest, and guaranteed a load of stock at that price. So this actually makes sense. The question then is whether the November put which is 4% of the market will convert into actually shares.
The downside loss is only unlimited on writing naked calls. The downside loss on writing puts is limited to the strike price x the number of shares
If you plan to acquire a stock. It can make sense to sell put options. If the strike is higher than the price at expiry then you get some extra income, otherwise you get some extra stock at the strike price, which is presumably a price that you think is worth paying for the company.
Here's the first result on google.
Audit testing's primary goal is to examine and confirm the efficacy of a company's controls to record its financial transactions. It tests the financial accounts and finds any errors, omissions, or significant inaccuracies.
https://www.wallstreetmojo.com/audit-test/
@Knowbodyyouknow
I had the same question. I hope it doesnt mean testing to see if asos is a going concern, that would be a concern. I guess it is a fairly generic statement so as not to give any information. Here's hoping its just due to increased rigour from the auditors in light of their past failures, and asos will be given a shining bill of health.
Yep, evenly balanced between bulls and bears. That's what makes a market!
Agreed, that's a key reason I invested. These people must have some idea about retail. They don't need to even grow revenues, but just need to get the company profitable again, which I believe is more likely than not, the it starts to look like an excellent value play.
Its never a positive sign when a company delays results. Hopefully, nothing untoward!
Yep, tomorrow!
Thanks for clarifying Wolf. I should probably spend some time reading the financial statements! Will be interesting to see the asos update on Thursday.
I'm long both of them. In terms of profit warnings, it looks like the asos SP stabilized after the kitchen sinking in May, but Boohoo is potentially stabalizing now after the profit warning this month.
Ok, yeah thanks.
You mean ASC or BOO?
Yeah, it seems that ASC is a few months ahead of BOO in terms of cutting costs, focusing on profitability etc. and the trend reflects that.
I think you make a good point on relative attractiveness of ULVR vs. cash now, and this explains why the PE is very low relative to its historical average. I think the key point is that you would expect ULVR dividends to at least rise with inflation or more, so you might think of this as a real yield, which is higher than you would get on say index-linked bonds. I think ULVR is a long-term hold, especially given the ability of the company to raise prices. It's never going to be a multibagger, but long-term risk/reward looks good.
Interesting! Looks like Boohoo could have a knack of staying on trend.
Hahaha, if you were a genius, why the fcuk would you be posting on here!