Member Info for WolfofWarks

Dan re H2 waiting. Stock and other variable costs will be weighted to H2 as well. By owning properties we have less rent commitments round our neck.

We’ve not gone from making tens of millions of pounds to the financial dog house because returns might be up (or rather normalising) and air freights taking longer.

A profitable company shouldn’t be sitting on £100m. They should either be re-investing it or returning it to shareholders.

Jam tomorrow growth tech stocks are always going to struggle in a high inflationary environment which inevitably leads to interest rate increases which in turn, due to the way investors/analysts use dcf modelling, reducing their returns viability when compared to interest bearing instruments or stocks with real returns. Plus most of them have high multiples, are a bit frothy and most of them likely overvalued when looked through a value lens.

If I was going to pour money until the Nasdaq now I’d be going for the bigs guns with decent profits - Apple, Alphabet, Meta, Nvidia, etc.

There’s been been too many IPOs this year especially in the US and all the spaces on top as well. They’ve largely performed ****e as well.

Nice car for the wife ….

Dan are you factoring in that boohoo actually makes money on an ongoing basis.

Plus they could easily sale and leaseback property, which to be fair I would have done in the first place.

They have loads of levers to pull.

It’s funny I popped into town at the weekend and it wasn’t busy at all. Went to the local retail park at lunchtime today and it was absolutely rammed. They have opened up a large M&S recently though so my guess is that’s helping to drive traffic.

No one knows Dan, anyone that tells you they know are lying.

I work for a group that’s waiting on 40 containers of stock from the Far East that we would have usually bought in the spring.

A month ago would anyone have thought we were likely heading for another possible lockdown?

Kallu - over the long term ABF hasn't been a very good investment.

So come on how long have you been invested?

Traders didn't get any placing shares as far as I am aware. They went to sticky hands and as far as I am aware we haven't been advised that their positions have been reduced.

In terms of small caps I'll be building a position in HE1 again is it starts drilling up again. There's stocks like SNG that could have massive news coming and COVID clearly isn't going anywhere.

With inflation and higher interest rates next year will be about the boring defensives and anyone paying a dividend.

Energy, utilities, etc, anything that has real earnings and no jam tomorrow. Buy the growth dips though when they are beaten down.

Problem is Poor you're right in term of we should have been at £2.50 with the momentum we had at the start of the year.

The problem is we've had director sells at the peak and a couple of rounds of dilution, plus pretty committed expensive capex for the foreseeable. Nasdaq wasn't the golden goose we were expecting. Debt is also being ratcheted up, although preferable to further dilution.

This could hit £1.50 pretty quickly again on a decent btc bull run at $70k plus.

Butchers - how do you know the placing shares have been moved on?

They went to iis and we had two tr1s at the time and unless I’ve missed it we haven’t had any tr1s to suggest their positions have been reduced.

Kat

I’ve sliced twice on these big moves.

I remember earlier in the year and went from massively in profit to deep, deep in the red. Come out and went back in and have bid my time since.

There’s always a retracement.

Boohoo do advertise but it’s digital or if it’s TV it’s in between shows like love island or on channels like ITV 2 or channel 4. It’s targeted towards our demographic.

Very is on in between Corrie so tells you everything you need to know about their target market.

Debenhams in the other hand is heavily advertised in the same kind of slots as Very.

I thought you didn’t watch the SP?

When did you first invest in ABF?

You made the point far more eloquently then me Hexham.

Btc’s in a weird place at the moment. I can see a place where we could walk into certain stores and pay in crypto. Could I see a payroll for example being paid in btc, definitely not.

The test will be when all the new entrants suffer there first big drop will they run a mile? There will be the true believers, the mainstream punters (I’d put myself in this category) and now a mix of various institutions.

You could use two different dates and prove the opposite though.

What you’re proving is that it’s volatile.

A idea of it being a hedge is that it goes up or is stable when inflation is high, so you park your money there. The rise you have mentioned is little to do with inflation but rather it being a decent general investment or an even better trading position.

That’s clearly not happening here.

The good thing about the current position is yes we’ve got a couple of big deals - but we’ve had a decent run of new deals from tier b/c customers as well, which reduced of risk by not having all of our eggs in one basket. Providing these smaller contracts are not immaterial and have room to grow.

The thing is it’s just the start of this new advertising stream.

If anything it’s acting like a high growth tech stock - completely susceptible to inflation.

More like an anti-hedge.