Not bad analysis ...especially if aimed at their own investors to keep them in touch with what’s going on.
Shame about the voice though
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Im waiting for brexit turmoil, but i might buy a few prior, then average my very small parcel down if they drop.
Part of me thinks that they might enter a new, higher range to cycle in due to expansion. Also, I still has a suspicion that brexit won't be bad and the end of Mr Trumpingtons shutdown or trade war could set markets ablaze. So i don't want to miss out.
I suppose the sensible thing is to wait for them to drop back from this upper quartile, but i like having a small hold to have a hand in the game. Keeps me interested and sooths my desire to build my base of bottom draw shares.
Might as well wait for the early February trading update as with all the retail sales data out its likely to be very disappointing.
Whether that's been factored into the share price already is a key question but there's also the overhang of the Gallghar (or whatever their name is) institutional holding of about 5% which if the recent sales rates by them are any indication will take them about 8 months to sell down their remaining stake. I think their overhang is a very pertinent factor in deciding when to buy. I think this is a late 2019 story...
I agree it is prudent to wait for the February update,before making any buy decission.
While all retail can be down, sometimes there is a retailer who goes against the trend.
This happens as competitors get nervous and customers can smell their fear.
Customers like retailers who show no fear,and who always present new and exciting fashionable gear.
They only very recently went under the 5% disclosure threshold and volume has been light since then. 1.85m shares = ~ 3.1% of the capital so I would think they still have ~ a million still to be sold, (even if it was them selling this lot).
Had wonder thru Glassons in One of Melbournes CBD Malls yesterday, was one of the busier Fast Fashion stores I saw in my travels yesterday, I was surprised considering all the doom and gloom comments I had been seeing on here of late.
That said foot traffic also doesn't necessarily translate to Sales. But I thought it was encouraging, KMD looked relatively Dry in comparison
Not long to wait for the trading update...I can't see it being good news. The $64,000 question, (a lot more for some shareholders), is has this already been factored into the price at $4.00 ?
Wonder how challenging it has been for Glassons in Oz
December retail a bit weak ..clothing got a special mention in this article
https://www.smh.com.au/business/the-...05-p50vqm.html