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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dr. Martens Plc | DOCS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -2.60 | -4.66% | 53.25 | 15:24:05 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 58.95 | 53.25 | 58.95 | 55.85 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Top Posts |
|---|
Posted at 25/9/2024 07:11 by blackhorse23 Chinese institutional investors are shorting this stock |
Posted at 24/9/2024 08:16 by woozle1 Not sure about going private but most placed with one investor, who would likely have had detailed conversations about the trading before buying. just waiting for permira to announce. |
Posted at 22/9/2024 11:11 by blackhorse23 https://www.sharecas |
Posted at 21/9/2024 13:46 by disc0dave46 Fair points Mr5KBut, and it’s a massive but!, Goldman’Sachs are one of their joint brokers!. Have been since April 2021. Plus in Jan 2022 when Primera wanted to sell 6.5%. Once again Goldman Sachs did the secondary placing and the COMPANY issued an RNS to inform the market. Zero difference this time!. Edit: whether the placing was for a group of investors or a single investor it makes no difference, the Company’s own broker managed the placing so the Company had to know what was going on and should have informed the market. |
Posted at 20/9/2024 13:22 by woozle1 Another warning would not be good given that the current forecasts imply a kitchen sink job for the current year and to give the ceo/cfo team a chance to change the business momentum. Having worked in investment banking for 20 years, investors taking the stock would have needed some comfort that there are no nasty surprises.Seeing any changes (other than Permira) to the share register will be interesting. |
Posted at 20/9/2024 09:45 by woozle1 The counterargument is that private equity companies are now pressured to return cash to investors. The industry is sitting on lots of unquoted companies (and taking large fees) and the mechanisms for monetising like IPOs, leveraged recaps, and selling at inflated prices to other funds, have substantially reduced.This is the headline from the article: Private equity is doing badly — however you measure it Investors desperate to get cash back are putting pressure on funds to capitulate on sales This looks like a capitulation or, maybe they know stuff we don't. Anecdotal data from the London stores was that the cold snap got people buying boots and the stores were busier. |
Posted at 22/4/2024 08:48 by woozle1 The highly reliable source!Dr Martens is being circled by various firms looking to snap up the embattled footwear retailer. An anonymous hedge fund investor told This is Money: “We met with management and there’s something in the offing.” |
Posted at 16/4/2024 12:19 by itisonlymoney new ceo seems to have been in charge of marketing - not a great success given the sales. not exactly new leadership; tainted by failure i'd say. i reckon there's a fairly big question mark hanging over this promotion.i'm also not seeing much of a 'dead cat' bounce. almost totally flat since the fall at the open. one other little thing; i wanted a pair of steel toe cap boots but the DMs were those stupid things with a little rectangular piece of leather cut away to expose the steel. i've never seen anything so stupid and incoherent in a boot. i had to buy timberland boots instead. my individual reaction to that is possibly a common market reaction to DM marketing and design missteps, reflected in poor sales. i'm looking for an entry point here because it's a great brand and will either succeed on its own or get bought, but if investors let this drop to 30p, that's where i want to buy in. watching and waiting for now. |
Posted at 06/1/2024 16:46 by woozle1 We started buying at 110 and have been buying more. We like how they invest in the brand. Not thrilled about discounting but this only happens in the fashion ranges at the edges and there does not appear to be discounting in the core boots (that would be very bad news). It's a global brand and has a long runway.It has similarities with Games Workshop in the sense that there are plenty of kids who buy these when they are young, but then there is a hard core of people (who see themselves as rebellious) who remain brand devotees for life. There is the issue of comfort. It used to take a while to wear them in, which is particularly hard for kids who have worn trainers all their lives. The Airwaves are designed with this in mind. A further similarity with GAW is problems with the US and sorting out the wholesale. It appears that this channel was probably jammed with inventory for the float and that this is taking longer than expected to unwind. That said, it has only recently sorted the warehousing (also a GAW issue). In a recent statement, the company said the wholesale channel was low on stock which should bode well when demand returns. The valuation is also compelling at 4.1x EV/EBITDA, p/e 10, and 6.9% dividend yield (so you are paid to wait!). Also, think that investors are thoroughly fed up after 4 profit warnings in 2023 (well done people who got that right in the Times quiz) and we are reaching a point of maximum revulsion. Some of the stocks that were floated in the pandemic loss of investor sense were rubbish but companies like this and Victorian Plumbing are jewels that will eventually re rate. All that said, the UK market is desperately cheap and it's dragging down stocks like Burberry which is on a similar p/e and 5% yield. So you can take your pick at the moment. I guess that we'll start seeing bid activity from global competitors trading at 50-100% ratings premiums. These are only my thoughts. |
Posted at 27/12/2023 20:05 by smcni1968 The stores are full of worried investors doing due diligence and ending up wondering why sales are collapsing even though the shop was packed |
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