Member Info for WarrenBJunior

There is a strong herd mentality at the moment , everyone is chasing the COVID companies, it reminds me of the dot com boom and bust they are almost fanatical that the share will come back and they continue to pour more money into them . Take Genedrive and Novacyt , Genedrive have just done a fundraising with a staggering 40% discount and yet people continue to buy more shares . Mind you I have been there , poured thousands in Psion and Marconi and ended up loosing £80k , it was a good lesson .

Stunning results from DFS this morning , bodes well for our license revenue which is pure profit , torn between a quick profit from a takeover or let’s build this company back up . In the long run we will probably make more money due to the great potential of this company .
Should see a decent jump this morning.

Another positive day , if we break 25p tomorrow hopefully be a nice move to 30p .

Only 12 more shopping days till the results.

Another good day up again , building nicely!!

Another fashion partnership , this time Next and the Gap .

A share which I own which is a good example of undervalued shares is French Connection. It has a valuation of £20 million which is ridiculous for what is still a very respected brand .
Please do your own research you will be impressed with its potential to recover, results out on the 12th October .

This is like 2000 all over again with desperate fund raising from companies from desperate investors.
I lost a fortune back then on a company called Marconi and kept putting more money in as the share price collapsed.
The best and most important lesson I learnt back then was never never try to catch a falling knife.
Valuation Valuation Valuation, there are lots of undervalued companies out there .

Another good day 4% up , not long now till the 12th October, look at Superdry today , cracking rise.

I don’t think anyone will get a chance to buy these shares at 21p.

It’s going to be a very very merry Christmas!!!!

Corporation tax is going up considerably over the next 5 years , these guys have the ability of earning £21 million without paying a penny in tax , that’s more than the entire valuation of the company.
Tomorrow I am going all in and selling my other biggest holding Carclo and putting it into FC.
It’s either going to be a happy retirement in the south of France or living my final years on a till at Tescos .

To be fair considering the company was in a formal sales process recently and after nearly 2 years and considerable cost it came to nothing, if that was to happen again I don’t think anyone would ever take Marks seriously again or risk wasting money . I think last time you probably had a number of chancers like Ashley trying to buy it on the cheap , Marks probably made it quite clear unless it’s a decent offer don’t waste your time as he has the deciding vote . At 74 and nearly 50 years in the business I would imagine he knows if the offers are decent it’s probably the last chance to sell the business. Last time he turned down 40 plus pence so we should see a price north of 50p .
I am amazed this hasn’t caught the attention of the small investors as any amount of decent buying will cause the share price to rocket .
News will leak before the 12th October and the price will rocket , any purchaser won’t rise waiting for the trading update in case the price shoots higher than what they are hoping to pay .

I did contact the company and question the lack of news flow and was told it would be inappropriate while they are in a formal sale process.
While there is no guarantee of a sale I am not sure they would have gone this far if there was no decent interest plus for the overriding issue is Marks , he must realise he needs a succession plan !!!

Just reading up on the previous results and noticed they have cut the wage bill by £4 million, which is pure profit. While this pandemic has been dreadful for everyone, business’s have had to be quite ruthless and cut costs .
The effects on the bottom line can be immediate.
This company could have a valuation in excess of £100 million!!!!!

Now we are starting to see some action on the share price, the sellers are gone and any serious buying will lead to a big jump in the price.
This is the last time you will see 21p .
When the results land they will look stunning.
They have knocked £4 million off the wage bill.

Stunning figures from JD’s results and I love the statement “we will continue with further acquisitions “
I am now convinced the hunger for brands by all the big players will lead to a sale eventually.

Fenwick also stocks FC and even Boots have 40 lines listed with glasses.

The more and more I research the wholesale side of this business I realise the future is wholesale and licensing .
It will not take much to make it dramatically profitable and understand based of the recent financial information the valuation is way off the mark .

If they have right sized the retail portfolio and closed all loss making stores we might be very surprised by the figures .
I kicked myself for not loading up on Carclo which is my other largest holding when it was 6p and now it’s 40p I am not going to make the same mistake again.
Valuation is what it is all about , I watched with with no surprise Genedrive get hammered on Friday a hugely overvalued stock and yet to my disbelief they continue to buy more shares .
You don’t give a 40% discount if a share is not 40% overvalued, it’s a shame all those goes don’t jump on board as they stand a better chance of getting their money back with French Connection.
However I have seen it all before in the dot com boom I continued to buy beaten down tech stocks instead of grossly undervalued utilities and ended up losing a fortune.

Matalan , JD Williams their products are available on multiple sites plus their own site across Europe, Uk , Australia and of course the US .

Wholesale is booming , Next , John Lewis , ASOS, Bloomingdales,Nordstrom, David Jones they are selling products on multiple sites , pure profit no overheads .
Add in the licensing from the likes of DFS the profit potential is HUGE !

Looking back pre pandemic 2019 French Connection made a £10 million loss on their retail sales but a whopping £13 million profit on wholesale sales. Now that the retail business is under control, head office costs reduced we should see a dramatic turnaround.

My share price prediction is now 78p , not long now till the 12th hold on everyone it’s going to be a very very Merry Christmas.

Looks like HMJ are out of the running and they have just offered 28 million for Jigsaw.

So the big question is who is left and what are they willing to pay , while I appreciate it is very frustrating waiting for news but it will just drop at any time.

It might be a turning point HMJ showing their hand , so who knows any day !!!!!!

Just over a month till the interims which will look amazing , I am somewhat intrigued over what is happening with any potential bidders. If the results look great the share price will rocket as we all know it doesn’t take much , surely you would want to put the cards on the table before then.

It’s all quite bizarre??????????