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the most recent director sell was in April and about 94p
i find it very odd that the board would accept 80p now
Does 18% above current price mean they’ve valued stagecoach at 80p?? Isn't that really low?
Does that mean the price will keep falling until we approach release date of next set of results?
Really can’t understand this anymore! Seems that the chap (Cyrus Nyaga?) who predicted a sharp downward trend in the short term was actually correct!
Prior to the first lock down and therefore the first quarter results (last year), our share price was in the region of where we are now.
Since then we have not only grown our traditional brands but we have made major acquisitions and are expanding via international markets too. The local high street competition is dropping away and the range of products we now offer is increasing.
What I see changing is the usual price hike leading to results and sell off afterwards . It’s become too predictable or expected and the sell off is now happening a lot earlier as pi’s don’t want to get caught out. What is probably needed are more long term investors than traders for a sustained rise.
GLA
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what was the share price exactly a year ago? 387 ish
are we a better managed company now than a year ago?
are we a bigger company now than we were a year ago?
are we growing despite lock downs coming to an end?
are we debt or otherwise burdened?
do we have cash for quick acquisitions?
cant answer why the price is currently where it is. no one on this forum really knows, its all just speculation.
GLA
Moose is correct - it is clearly stated in the document you are referring to.
And per my understanding (do correct me if i am wrong) since that document was produced the share price has dropped further therefore the PE is even lower and you can refer to my earlier message for what i beleive the figures to be
at current share prices the pe for asos is 43.5 and for boo its 36.
if boo were to be at the same pe ratio the price would be 385
if boo were to be at a pe of 40, the pe would be 355
if you then consider the 25% increase in revenue expected, the figures even at a multiple of 40 for boo get to 440
Buffalo
You seem to be a very seasoned investor with truck loads of patience! I wish I had that quality.
I’d be interested to know about other companies you invest in with similar opportunities. If you’re not willing to share this information I completely understand.
Good luck with your investments
buffalo i am interested to know if you have considered the following as well
1. the high street now is more empty buildings therefore competition has reduced. Arcadia group gone plus reduction of house of fraser outlets as well for instance.
2. online shopping is forecasted to continue to grow
3. boo has acquired debenhams and loads of brands that they will no doubt turn around very quickly and generate much more sales than current
4. with lock downs being eased, more varieties of products will be sold and items that will probably generate better returns
based on the above plus a general consensus that there will be a minimum 25% increase in turn over you still feel the price is too high presently?
At current price the PE is apprx 37
i think someone stated asos is at 41 which would put us at about 355p without any other considerations
assuming the forecast being 25% higher earnings we should realistically be looking at 400
as the sp hasnt spiked like it has in the past, it most likely will not slide either.
the past issues that have held the price down seem to have been ironed out to a certain extent.
the company has positioned itself well with warehouse and office acquisitions to handle a major growth plan
it now has debenhams under its belt and can turn that site to bring big sales
the high street is opening up but the future will always be online
and who remains unscathed on the high street anyway? loads of stores closed so the high street competition is reducing
Most clothing in the US is probably from China and South East Asia.
Does anyone believe that Leicester has more slave labour potential (let alone reality) than in that part of the world?
Honestly very shocking that this company keeps getting battered like this.
Ive bought some more this morning, but Im certainly not happy about the garbage being thrown around especially with the recent changes being made public with respect to the company sourcing standards.
GLA