Boot (henry) Share Discussion Threads

[aos] 07/12/2004 15:39

Off Advfn Home page today:-

London shares - midafternoon features

FTSE 100 risers
BT group 25-1/4 up 4
Sector rally
Yell Group 442 up 8
Sector rally
mm02 121-3/4 up 1-1/2
Goldman Sachs positive; new 3G launch yesterday
Smith & Nephew 542-1/2 up 6-1/2
Sector in play on consolidation
Compass 230-3/4 up 2-3/4
Peer Sodexho credit rating raised at S&P
Wolseley 886-1/2 up 9-1/2
'Outperform' - CSFB
BP 517 up 4
Sanford Bernstein positive
Boots 646 up 4-1/2
'Trading buy' - Teather & Greenwood
Prudential 442 up 5-1/4
'Buy' from 'hold' with target upped to 486 pence from 450
BG Group 349-3/4 up 1-3/4
Sanford Bernstein positive

[aos] 07/12/2004 13:46

Jedi Shorter - many thanks for the article. Sorry to here that you are shorting. On the other hand, I bought at 6.43 a few weeks ago and have had to sit this one out patiently, so I am looking for a further rise. Good luck and happy investing ;)

[aos] 07/12/2004 10:48

There definitely seems to be something afoot this morning. The price is rising nicely and just hit bid of 647. I have tried getting online quotes from Stocktrade, but there seems to be spme restriction at the moment. Is there some news about to break? Happy investing ;)

[jedi shorter] 06/12/2004 14:34

Coffee to be smelt soon imho.

UK: NOVEMBER SLUMP RAISES CHRISTMAS RETAIL FEARS
The British high street suffered a brutal sales slump in November, heightening fears that the retail sector is set for its worst Christmas in a decade. Data from the British Retail Consortium showed that like-for-like sales in November fell by almost 1%, the first year-on-year decline for 11 months. It compares with a modest rise during October of 0.5%, and a 2% uplift a month earlier, sparking fears that consumers are tightening their wallets at exactly the wrong time for British retailers. "November was a horrible month because it was so variable for most chains," said a senior industry source. The BRC data will reveal that "big-ticket" retailers, such as electrical-goods stores and furniture chains, were hardest hit during November, while fashion retailers - with notable exceptions such as M&S - did not fare as badly as some had expected. Although some analysts had forecast that the like-for-like sales fall would be closer to 2%, the reality will be sufficient to deepen the gloom. "The position is incredibly precarious," said an executive at one of the UK's biggest fashion chains. "Everybody is nervous in a way that we have not seen for years."

[jedi shorter] 02/12/2004 14:49

likely another buyback of there own shares, there spending an awfull lot on this and each time there cancelled it has the opposite effect of dilution, its what propping the price up imho, mm may be aware of there large buyback and want more for it, they got the last lot for about 627.

[crammy] 02/12/2004 13:30

the news sections show some purchases of their own shares - might have created a short false level of buying interest and if more is to come then mms may lift the price a bit

cant see it lasting though (famous lasst words)

[jedi shorter] 02/12/2004 10:53

its very media sensitive, cbi report of a naff xmas knocked the price the other day but was countered by another report forecasting an increase in this years xmas spend.

also said people are rushing to bargains and boots is doing a 3 for the price of 2 product range, im still convinced there xmas turnover is going to dissapoint but we need the media to confirm dismal trading across the retailers.

[aos] 02/12/2004 10:42

Jedi Shorter - It sure has been quiet here of late. Has anyone any idea why we are seeing a 1.5% recovery this morning? Is it because people think that the share has been oversold or are we just being dragged upwards with the rising trend? Maybe there could be something else waiting in the wings. Happy investing ;)

[jedi shorter] 02/12/2004 10:34

?????

any comments will be welcome.

[jedi shorter] 30/11/2004 13:16

WWWWhhhhhhhhuuuu hahahahhahahahha BDEV revisited imho.

[jedi shorter] 30/11/2004 11:22

Still happily short on this, more media reports are coming through forecasting a dismal xmas for all retailers and for this one in particular will suffer.

only prob is my current short expires mid december by which time the price will heavily reflect the lack of high street footfall, then ill open up another short right the way through january.

[alphorn] 30/11/2004 10:41

Rob - very good post. Boots is certainly in a difficult position like several "old" high street names - times have moved on and the reason for their continued existence is not clear. Their retail outlets are too big for pure pharmacies but not big enough to take on the supermarkets. Still have my 700p naked calls in place.

[churchtower] 30/11/2004 08:18

Rob - excellent contribution. Sorry I have nothing to persuade you to close your short ! It supports what an article in Moneyweek said several weeks ago giving a target of sub 540 by Spring next year. They also mentioned the possibility of a profits warning early in the New Year. Whilst not necessarily advising others to short this share I would certainly recommend that those already invested or thinking of doing so remain on the sidelines until the picture is clearer. CH.

[jedi shorter] 29/11/2004 13:24

This weekend was supposed herald the xmas rush for the retailers, there are plenty that are worried and i dont think the weekend really happened, if next weekend if equally as gloomly then this should breakk 600p.

Seems still in denial at present, boots keepon buying back shares... just hope they can afford them as a dismal xmas wont help the balance sheet with all these buybacks going on.

[jedi shorter] 24/11/2004 11:16

Thanks for that.... im off for a ciggie and to find somewhere discreet to violenty throw up and projectile vommit.

[churchtower] 24/11/2004 08:39

Sell into this bounce.

[ricardox] 23/11/2004 22:17

comedy/drama/factual? .... better not be reality tv!

[jedi shorter] 23/11/2004 17:33

yes looks like time to open another position tommorow morn, looked in this morning and it seemed like a little bounce was on so i left it, been so busy typing a 20 page BBC proposal ive had my eye off the ball

[churchtower] 23/11/2004 17:27

JS - Probably all they can afford ! My confidence for sub 550 gathers pace by the day. 595 next previous support level to be tested. One would expect some sort of bounce on the way down but the chart is now looking very sick indeed.