Action's like-for-like ("LFL") sales growth was 10.3% in the year (2023: 16.7%) and 352 net new stores were added compared to 303 in 2023. Not only is pe low for growth stock. Plus pay not bad divi. Store openings are accelerating. Price to book of about 2 but then nav is going up. So of fundermentals still seems like a buy.But then i am a happy holder. In your position i would have nerves too. Would be nice if one of their other investments did a similar thing, though most of them doing ok too. |
Don't 'price anchor' it's a great investment. Just buy it. I said 40 by Valentine's and here we are already. In a years time 45, easy. The sky's the limit, the trend is key. I love this share. |
Incredible climb, i just cant bring myself to buy. My mistake it seems... gl. Be ready next time;-) |
CHC15
Thanks for reiterating your point about broker notes 😊
Certainly broker downgrades often have an impact on price, often it's useful to know what may have caused, albeit perhaps short term, share price declines.
So I'll continue to post them as and when.
GLA |
Boom there she goes, before valentine's day too, what a beauty.x |
I've said before, ignore these broker notes, they are pure trash fiction. Just can't keep this stock down for long, 40 incoming.. |
*RBC RAISES 3I GROUP PRICE TARGET TO 3650 (3450) PENCE - 'SECTOR PERFORM'
I wonder if they take a look at the current price....?
GLA |
The opportunities to top up are numerous. More purchased this morning. 40 quid by Valentine's, better than a box of chocolates. |
Bank of America raises 3i Group price target to 4,300 (4,200) pence - 'buy' |
*RBC RAISES 3I GROUP PRICE TARGET TO 3650 (3450) PENCE - 'SECTOR PERFORM'
GLA |
DEUTSCHE BANK RESEARCH RAISES 3I GROUP PRICE TARGET TO 4410 (4285) PENCE - 'BUY'
GLA |
3i is becoming action. It won't be an exit. More a de-merger!!! Will only happen when the two worth more than the one. |
Nah, don’t worry about the destination, just enjoy the journey. Remarkable operating performance at Action, Burrows has a plan, I am sure, but giving away the ending would probably hurt the share price |
Be nice though to have some idea of what their exit strategy for Action might be. |
Stunning Q3 update. Onwards and upwards here. |
Crossing 39, January is always interesting, institutions need to put money somewhere, prob a new big buyer out there. |
Great to see a reflection on your decision. Emotion and the markets don't work. Respect it but be indifferent to it. A great indicator is the recent short and the hype associated with it. Fear and greed. Meanwhile 3i goes up. Hopefully 'price anchoring' won't prevent you from reinvesting. GLA. |
Well must confess I got nervous and bailed out a year ago with a two bagger, worried about the size of the Action holding then. So much for that worry! |
We at all time high now? |
action will never go into the uk under present management. they know well not to touch it. look at pepco and the problems they are having with poundland while the european pepco and dealz ops are doing just fine. uk is overcrowded and over regulated leaving too fine profit margins. |
How your short going? |
Indeed, Action isn't in the UK..yet. Went into a store on my hols, it sells amazing stuff, I was impressed. Check out tiktok to see Action products for yourself. |
Not sure what state of country has to do with it. Main business is in EU and growing like the clappers. |
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