Member Info for Zanab

Also, if no business should pay the minimum wage, then we end up in a cycle of infinitely exponential increases. That is a wage spiral that leads to persistent high inflation.

Last time I checked, card's wage bill was over 3 times it's net profit.

The fact is that it's not these businesses on typically modest margins that are responsible for exorbitant energy and rent costs, and yet the tired argument that they are bad business models always comes up if they can't handle double-digit annual costs to employing someone. I'm sorry, but it's lazy and somewhat emotional

Sure, look at supermarkets. Their wage bills are huge, and their profit margins around 5%. Just to make that margin and give a significant pay increase means everyone else has to pay higher grocery costs, which is exactly what happens! And then it just becomes a cycle that feeds off itself. Let's face it. The government raised taxes in stupid places because they all want favours from tech and finance. Otherwise, they would have gone there. We just got a bunch naive teenagers group thinking.

It's bonkers that we have one of the highest minimum wages relative to the median, and a young person is better off getting an unskilled job in Poland .

SP, as far as I was aware, many of us did complain. Also, you need to consider that the government takes much of the wage, even for minimum wage employees. Contrast that with a country like Poland. A young person entering work on a low wage basically gets more because they don't pay any tax. This government hiker taxes.

I didn't say I was going to sell but I do think it is entirely possible that the price ends up back where it started for me. There's been nothing in the immediate environment that gives me grounds to believe that a significant improvement has already happened .

Everyone tries to rationalise a price movement to be inline with what they want. I'm saying the opposite. I can't think of a reason that definitely sticks.

My shares don't typically go up 20% a few weeks after I buy them on no news or developments.

I don't think we'll get an earnings surprise, but the balance sheet should remain strong. I know I sound like a doubter but I'm up 20% on paper on no news. That just doesn't make sense in my mind. Just feels like a pump.

That buzz could just be the flies around the more unkempt customers tbh 🤭

Bushbat, sure. So, FMCG is the core of the business. That needs to show positive signs. They claimed good sell-through and gave a specific lfl number on seasonal but not on FMCG.

It's impossible to know the number, but I don't believe it's positive. Investment in prices means reducing them to be competitive. That's the right thing to do, but it means lower margins should be expected as the norm. A stable l4l on that front is encouraging for those who could find themselves out of a job if it didn't, but I can't see a drastic improvement in profitability. This is the new norm potentially imo. I assume others will differ.

The debt in the mix adds risk obviously should things get worse.

It should have dropped more yesterday. It was what they left out of the update that tells the story. A lot of noise on the board though.

Am I missing it or did they not breakout l4l on FMCG?

Tbh, it feels like a pump before the announcement in the next few weeks to me.

I'd love it to be because of something tangible but I can't see what that is.

Absolutely no idea why this is rising on no news. Seems like it will just drop on the expected update, and we'll be back where we started.

The US 10 year yield is closing that gap with the UK. I anticipate demand for new issues being weak to close that gap this year.

How ironic it would be if we end up paying less than the US...

It's an illiquid share, but that is very wide.

It's ironic that Canada has increased its trade by being forced to do less with the US. I think this is part of why he is so annoyed. He didn't realise that other countries exist. Countries will sell the dollar, not in full, but it is already happening.

The 10-year us bond is coming closer and closer each day to the UK's. Countries are selling the dollar. The US is becoming more and more reliant on short-term debt, which is what happens when you can't borrow long-term at the rates you want. People don't trust the government.

I've solved The Trump Problem. Get lots of countries to withdraw from the FIFA World Cup, create a new organisation. Then Greenland can change its name to Epstein Island, and we host the inaugural 2026 World Cup there.

😂

Let's just start a viral trend where don't refer to it as Greenland anymore but Epstein Island. Guaranteed he stops talking this rubbish and then pretends he doesn't know anything about it.

Trump certainly hasn't 'lost the pot', as you say. If anything, he's found it.

Nom, agree that the supreme court will partially disallow tariffs on allies.

DJT, the kind of guy who needed more punches in the face as a kid.