I've already heard it's around £120m from the NI. Would have been better not to have it but it isn't a deal breaker. M&S have already told the government they are going to pass it on with higher prices and they needed to say that because if retailers keep absorbing the NI and higher minimum wage then the government will keep finding more £20bn black holes. The gov needs to know
their actions will be inflationary.
Additionally if you look at broker consensus forecast they have risen since the results, that tells me that M&S can out run any drag iff there was any imo.
Never beat yourself up about missing out imo, that just makes you chase more silly trades imo. I try to keep totally emotionless re trading. I'm more emotional about proper long term investments.
I think there are issuers with CARD in as much as the seem more and more reliant on gifts that are bought in, and don't have the margins of their vertically integrated card business.
Also, with so many stores and staff they take quite a hit from the NI rise and minimum wage rise imo. The chart is also still declining so in my book it's better to see a clear upturn then buy imo.
Hi Cockney. Re Jim Fairburn new director at Bodyvote......he worked for a company called Howden which isn't the one which makes kitchens which is what i think you have graphed.
Great article Richard to kick off the weekend . Nothing shouts out louder and clearer that you are a true professional Trader in you resigned acceptance on "missing out" on the Burberry Bounce. Impressive. Thanks as always Richard.
Hi Richard. I heard you on u tube sometime ago talking about Card Factory with Paul, is it a better BUY now that is dropped or has it got big problems- any feedback please mate , cheers
How does a company moving from small caps to FTSE 250, improve its price is it 250/100 which is at leat 2.5 % per cent in shares bought by funds, example being Paypoint , just curious ...
I've already heard it's around £120m from the NI. Would have been better not to have it but it isn't a deal breaker. M&S have already told the government they are going to pass it on with higher prices and they needed to say that because if retailers keep absorbing the NI and higher minimum wage then the government will keep finding more £20bn black holes. The gov needs to know
their actions will be inflationary.
Additionally if you look at broker consensus forecast they have risen since the results, that tells me that M&S can out run any drag iff there was any imo.
Thanks rebel. Are you still in Funding Circle (FCH) out of interest?
Thank you.
Never beat yourself up about missing out imo, that just makes you chase more silly trades imo. I try to keep totally emotionless re trading. I'm more emotional about proper long term investments.
Okay, I stand corrected then, scrub that bit of positivity. :-)
Watch out for the trading update though as the chart definitely says watch imo.
I think there are issuers with CARD in as much as the seem more and more reliant on gifts that are bought in, and don't have the margins of their vertically integrated card business.
Also, with so many stores and staff they take quite a hit from the NI rise and minimum wage rise imo. The chart is also still declining so in my book it's better to see a clear upturn then buy imo.
Perhaps they can prove me wrong though.
just FTC and W7L as small positions now until Aim develops an up-trend or at least some firmness.
CMCX I banked but am watching.
Hi Cockney. Re Jim Fairburn new director at Bodyvote......he worked for a company called Howden which isn't the one which makes kitchens which is what i think you have graphed.
Great article Richard to kick off the weekend . Nothing shouts out louder and clearer that you are a true professional Trader in you resigned acceptance on "missing out" on the Burberry Bounce. Impressive. Thanks as always Richard.
Hi Richard. I heard you on u tube sometime ago talking about Card Factory with Paul, is it a better BUY now that is dropped or has it got big problems- any feedback please mate , cheers
I think my question didn’t send for some reason
Are you still in CMC, FTC and W7L?
Thanks
Thanks Rebel
Are you still in CMC, FTC and W7L?
How does a company moving from small caps to FTSE 250, improve its price is it 250/100 which is at leat 2.5 % per cent in shares bought by funds, example being Paypoint , just curious ...
Rebel what do you think about the budgets impact on M&S? Alot of min wage staff and could potentially get hit by higher NI?