|philanderer: Investors Chronicle:
'Poundland losing its currency'
Shares in Poundland (PLND) have slid since the Competition and Markets Authority launched an investigation into the value retailer's proposed acquisition of rival 99p Stores, which was announced in February. The inquiry has since progressed to a second phase, but a final decision isn't due until October. Until then, chief executive Jim McCarthy says the board is "doing everything it can to co-operate" with the watchdog.
It appears Poundland's IPO bubble has burst. True, there's been phenomenal sales growth, but the share price has reverted back to the IPO price. With the stock trading on a toppy 20 times forward earnings, Poundland can't afford to put a foot wrong. We downgrade to hold.
Last IC view: Buy, 318p, 27 November 2014
|dstorey1: CMA will approve and frankly can't understand why they intervened in the first place.
Share price has consolidated nicely last fews days and formed a short term ascending triangle which is indicative of continuance of the prevailing trend. Strong probability that price will break to the upside near term. If coupled with volume expect it to "pop".
Price barrier post breakout 340-345.
No advice intended.
Good weekend all. |
|redartbmud: Comment on radio 5 live wake up to money this am. Rathbones - not surprised share price marking time. Supermarkets fighting back on price of staples, sugar & milk, where the company makes a lot of profit. Listen if you wish - 29 minutes or so into the programme. |
|jeffcranbounre: Poundland is mentioned in today's (02/01/2015) ADVFN podcast.
To listen to the podcast click here> http://bit.ly/ADVFN0099
In today's podcast:
- Alan Green CEO of TradersOwn.co.uk will be chatting abourt his holding in Teco’s and highlighting Poundland. Follow Alan @TradersOwn
- And the micro and macro news including:
BG Group #BG.
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|johnwise: Regardless of the share price I would not buy into this company..
Poor Management: Every time I go up town I look in the door of Poundland usually a queue of 30 to 40 people, the store has 8 tills and only two tills open,
Only a fool queues to spend money
Poundland's appeal to frugal shoppers boosts profits - but shares still hover modestly above 300p float price
Read more: http://www.thisismoney.co.uk/money/markets/article-2851552/Poundland-s-appeal-frugal-shoppers-boosts-profits.html#ixzz3KGj6P8YF |
|gargleblaster: Johnwise - "only a fool queues to spend money".
Sorry, but I don't think you could be more wrong. Only someone who is determined to buy what is on offer and is prepared to wait in order to do so, will queue.
If you were to say that you passed Poundland and there were four bored looking till assistants with no one to serve - then it is time to short the stock. What you have seen is surely a reason to be interested in buying. I have been waiting for the share price to pop for some time - think I may be buying tomorrow! |
|dlku: gawd help the share price if they say sales have reduced |