A CMCX comment today that might explaIn the fall. At CMC Markets, we are proud to partner with StrikeX, a dynamic and innovative leader in blockchain technology. We believe strongly in their vision and the transformative potential of their solutions, including advancements in self-custody, tokenisation, and blockchain infrastructure through StrikeX Labs.We would like to address a recent news article which misrepresents our commitment to StrikeX and its strategic objectives. The write-off of our initial investment is purely an accounting decision and does not reflect our belief in StrikeX's technology or potential, nor does it indicate any change in our partnership.On the contrary, we continue to integrate StrikeX's services into our offerings and see our relationship deepening further as we collaborate on Web 3.0 developments. The team at StrikeX has made tremendous strides in this fast-paced industry, and we remain excited to grow alongside them, supporting their mission to reshape the future of finance.CMC Markets is committed to fostering innovation and partnerships that deliver long-term value, and StrikeX remains a key part of that vision.
Couldn’t believe the negative response to CMCX over the last two days. Bought a few more today.
I’m looking forward to FCH’s next update which will hopefully deliver a more positive response than CMCX, although Lisa Jacob’s seems to have stabilised the business and built momentum…..hopefully!
Any thoughts on JD Sport as a trade given the big drop this week?
Some great tips on the macro this week Richard, thanks. The FTSE seems to be looking for an excuse to slump encouraged by Rachel from the Tea Room. Xmas though is the season of good cheer and #MKS seems to be leading the way. My biggest punt at the moment. Their stores are busy in West London and my wife thinks the clothes options are excellent. I know you are a fan of their food section and I confirm their aged Ribeye at £11 is excellent value. A class act imho.
MKS was my second largest holding after FCH. Sold a few MKS yesterday
MKS has great momentum at this time imo.
Even my daughters admit the clothing offering has improved hugely…. something that would never have been said until very recently.
The food, food presentation in store and online speak for themselves and they must be continuing to take market share especially having made basic essentials more competitive too.
The Capital Markets Day for @MKS was really impressive. A long watch but the mgmt team is strengthening and they appear to operate like one too. MKS is building a high performance culture in my view. Some specifics that stood out for me:
1) They're fixing the foundations, (it's no use having the best food or clothing if you haven't the infrastructure to get the right qty into store at the right time)
2) They're going full on with IT including AI which if succesful will turn them from a laggard to a leader*
3) They've identified what's wrong in International, it's basically a lose-lose and they need to find a win-win with their overseas partners*
4) Ocado only works as part of the greater good, obviously they've hurt Waitrose, built buying volume, spread awareness and geography, but on it's own it won't reach a meaningul contribution, therefore at some point in future something will change.
*New execs now in role.
I especially liked Stuart Machin's final line to the analysts where he asked them all to shop M&S this Christmas. Every penny counts.
Thanks Rebel. Yes it’s been a grind this year, but as you say you need to dig thru a lot and there are some gems out there to unearth. Watching Avon T as I think they’ve also expanded their customer base which was US military focused b4. Keep up the great work and down tools and enjoy a few bevvies over dinner. Paraguay
More wise words Rebel, thanks as ever for your weekly update. Are you sure about inflation for retail? It seems to me that supply chain inflation reduces manoveruability for discretionary price increases to cover the Rachel Thieves raid. Either way we're talking about more than one pressure on prices.
A CMCX comment today that might explaIn the fall. At CMC Markets, we are proud to partner with StrikeX, a dynamic and innovative leader in blockchain technology. We believe strongly in their vision and the transformative potential of their solutions, including advancements in self-custody, tokenisation, and blockchain infrastructure through StrikeX Labs.We would like to address a recent news article which misrepresents our commitment to StrikeX and its strategic objectives. The write-off of our initial investment is purely an accounting decision and does not reflect our belief in StrikeX's technology or potential, nor does it indicate any change in our partnership.On the contrary, we continue to integrate StrikeX's services into our offerings and see our relationship deepening further as we collaborate on Web 3.0 developments. The team at StrikeX has made tremendous strides in this fast-paced industry, and we remain excited to grow alongside them, supporting their mission to reshape the future of finance.CMC Markets is committed to fostering innovation and partnerships that deliver long-term value, and StrikeX remains a key part of that vision.
The website financemagnates.com records the write-off of the outlay on StrikeX.
Thanks Richard. Looks as though the recent fall has been well overdone on this information.
When very well thank Pauls, great night, loads of bubble :-)
Not in any significant way at the moment, just a watch holding.
Spot on.
Agree, excellent store and moving in the right direction.
Ta for the info.
Thanks, and I agree re MKS
Cheers
yes, remains to be seen, inflation at the point of retail is hard to predict due to so so many factors like the $ and shipping prices too.
At the moment I feel it's in retailers' favour until the price wars start when they see sales dipping imo.
Job cuts definitely coming imo.
Thanks Rebel
Couldn’t believe the negative response to CMCX over the last two days. Bought a few more today.
I’m looking forward to FCH’s next update which will hopefully deliver a more positive response than CMCX, although Lisa Jacob’s seems to have stabilised the business and built momentum…..hopefully!
Any thoughts on JD Sport as a trade given the big drop this week?
Some great tips on the macro this week Richard, thanks. The FTSE seems to be looking for an excuse to slump encouraged by Rachel from the Tea Room. Xmas though is the season of good cheer and #MKS seems to be leading the way. My biggest punt at the moment. Their stores are busy in West London and my wife thinks the clothes options are excellent. I know you are a fan of their food section and I confirm their aged Ribeye at £11 is excellent value. A class act imho.
MKS was my second largest holding after FCH. Sold a few MKS yesterday
MKS has great momentum at this time imo.
Even my daughters admit the clothing offering has improved hugely…. something that would never have been said until very recently.
The food, food presentation in store and online speak for themselves and they must be continuing to take market share especially having made basic essentials more competitive too.
The Capital Markets Day for @MKS was really impressive. A long watch but the mgmt team is strengthening and they appear to operate like one too. MKS is building a high performance culture in my view. Some specifics that stood out for me:
1) They're fixing the foundations, (it's no use having the best food or clothing if you haven't the infrastructure to get the right qty into store at the right time)
2) They're going full on with IT including AI which if succesful will turn them from a laggard to a leader*
3) They've identified what's wrong in International, it's basically a lose-lose and they need to find a win-win with their overseas partners*
4) Ocado only works as part of the greater good, obviously they've hurt Waitrose, built buying volume, spread awareness and geography, but on it's own it won't reach a meaningul contribution, therefore at some point in future something will change.
*New execs now in role.
I especially liked Stuart Machin's final line to the analysts where he asked them all to shop M&S this Christmas. Every penny counts.
Thanks Rebel. Yes it’s been a grind this year, but as you say you need to dig thru a lot and there are some gems out there to unearth. Watching Avon T as I think they’ve also expanded their customer base which was US military focused b4. Keep up the great work and down tools and enjoy a few bevvies over dinner. Paraguay
More wise words Rebel, thanks as ever for your weekly update. Are you sure about inflation for retail? It seems to me that supply chain inflation reduces manoveruability for discretionary price increases to cover the Rachel Thieves raid. Either way we're talking about more than one pressure on prices.
Hi rebel, are you still in Funding Circle (FCH)?
Hope the dinner party went well, Rich!