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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
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 73.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 73.00 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Top Posts |
|---|
Posted at 22/4/2024 09:48 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 13:19 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 23/1/2024 18:20 by itisonlymoney ...the webcast of our FY24 Q3 Trading update, which will take place on Thursday 25th January 2024 at 09:00 GMT. |
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 |
Posted at 03/12/2023 13:02 by woozle1 I'm hearing you, CT. But like Dart/Jet2, I don't know the bottom. Started buying Dart at 80p and bought all the way down to 16p. I'm now out of that one but I like these floats that came at silly prices and now priced for no growth. It is beyond me that investors still buy shares from private equity companies. Time and time again these businesses have been starved of investment and a top line juiced for growth. Vic Plumbing has a similar driven CEO to Dart with the energy and drive to really grow that business, as does MindGym. |
Posted at 14/11/2023 08:50 by john09 New thread for sharewatchers. General chat about SCSW followed stocks so investors can discuss 2024 etc. No sharing of subscriber only information |
Posted at 06/6/2023 10:49 by ny boy Just a series of dead cat bounces, not surprised really no compelling reason to buy equities, markets are just treading water and we have entered “sell in May & go away”Summer trading until September US 2 yr treasuries are yielding 4,5% ffs, investors don’t need to look until the autumn and by then, we will know how Severe the global slow down is, China is already in trouble, dead bounce after reopening. Huge structural problems especially with debt mountains everywhere. More like stagnation building. |
Posted at 02/6/2023 11:27 by srichardson8 A decent reply but also lacking some of the hard fact I have just read in two articles in The Times today.Dr Martens gets a kicking from investors after another profit warning Docs smarting at profit margins Both refer explicitly to unsold stock in the USA.That is surely too much inventory in any language. I do take your point on the fluctutations in demand from the impact of the pandemic and volatile consumer demand. I personally am not impressed by the company declaring a buyback when the stock price remains so much higher than TNAV and there are important trading issues to be sorted. But I also applaud the pretty candid self examination by the CEO and board of the obvious errors made. I did not honestly realise the US market was so crucial to DocM until this morning. And I sincerely hope they succeed in turning round what is an iconic brand even if they have to sacrifice some of the GPM if non-boot sales continue to form more of revenue. |
Posted at 26/1/2023 08:30 by castleford tiger dealyinvestors bought it valued at 3.7b and then pushed it to 5b. So you might be right tiger |
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