Dr. Martens Share Discussion Threads

[the white house] 13/12/2024 16:19

Bought this years pair yesterday, passed buyers on their way out, which was nice. sales staff stating business ahead of last year when they had stock issues but now resolved and plenty of ammo for this year and all is well ahead had a strong morning by 11am Online sales look decent with top couple of pairs selling 350 between them daily & interesting to note that these best sellers are in the highest price bracket of 170 & 180 pounds which can't be a bad thing

[blackhorse23] 13/12/2024 15:21

Likely drop

[blackhorse23] 13/12/2024 15:20

Mcap is too high atm

[velocytongo] 11/12/2024 21:24

Clocko, management have set expectations so low that it wld be a disaster if they’re not met. And there wld have been a lead towards that in the recent statement, which there was not - quite the opposite. DMs do have a big following amongst students, goths and urban trendies. You should go and see how comfortable the new DMs are as this often puts people off.

[edmondj] 11/12/2024 16:01

Curious re. Ennismore as I have a strong conviction I read in their newsletter maybe a couple years ago, they had accumulated a long position and were positive on the business. Make of that what you will, re. their shorting lately.

But yes they have made some astute trades in their time.

[woozle1] 11/12/2024 15:59

YouGov and Games Workshop have done tremendously well in the US.

[clocktower] 11/12/2024 15:16

If the TS is as bad as some of us expect, why would anyone even consider bidding for this.

I think it is unlikely they can turn the business around, the USA has brought many businesses crashing down. The UK firms keep repeating the same mistakes in America.

If anyone is interested they will be waiting until it goes into liquidation impo.

[woozle1] 11/12/2024 15:03

I used to run a long/short hedge fund for a few years and this was always a tough time as the shorts would always go against you in December as there is limited trading as FMs tend to square the portfolios into year-end.

Ennismore will be banking on a negative trading statement in Jan. They must be confident that there will not be a bid, which is quite risky at this valuation. There are a number of US shoe companies who could take this on and be in a better position to drive US growth, in particular a company with good wholesale relationships.

The focus on comfort will finally make DMs competitive with the high end sneakers.

[velocytongo] 10/12/2024 15:59

All eyes will be on the TU in Jan. Btw ennismore are a smart bunch

[velocytongo] 10/12/2024 15:58

I know it’s only anecdotal but London and Paris are doing well. There were some amazing offers on Black Friday (I bot another pair of Crewsons) and my daughter got a 20% discount for trading in an old pair.

The new ranges are all designed with a soft leather and lighter sole and all have a two yr guarantee.

The comfort is critical if Docs want to compete with trainers.

[the white house] 10/12/2024 14:46

So the last 3 short positions are under water to the tune of 125k, 110k & 70k & original short holding from being well in profit at 73p for months was not cashed in and is now back to evenish Every penny up is costing 60k Are they going to sit on increasing losses or have buy 6 million worth of shares in the market to exit??

[castleford tiger] 09/12/2024 15:28

stay lucky boys and girls

tiger

[hamhamham1] 07/12/2024 17:47

HAMHAMHAM1 RAISES DR. MARTENS PRICE TARGET TO 150 (90) PENCE - 'PUT THE BOOT IN HERE!'

[velocytongo] 06/12/2024 16:15

I doubled down after the institutional sale so my entry price is much nearer 70p than a £1!

[velocytongo] 06/12/2024 16:14

Black Friday has coincided well with a cold spell on the East Coast. Quite a few lines no longer available in the UK. Been traveling in Spain and France and lots of Doc wearers, in particular Madrid. In fact so many I did wonder if some were counterfeits.

I listened to Ije, the new CEO, and liked the way he talked about the brand. He was asked about pushing in lifestyle/sneaker market and categorically said no as that was not part of the brand.

Here’s hoping the worm has turned !

[blackhorse23] 28/11/2024 09:23

Last year lost 100m revenues & this year another 100m lost of revenues, prices went up... hmmm , pumping for dumping???

[clocktower] 28/11/2024 08:57

The city putting the best spin on this as they can it seems to me.

They can only reduce stock to a base level to try covering the cracks but at some point they are either short of product to cover potential sales or have to re-build the stock, which if they continue to lose money will add to the debt again.

[velocytongo] 28/11/2024 08:05

Difficult to see many glimmers of light

[blackhorse23] 28/11/2024 07:16

Everything in negative, revenues down , loss up

[dealy] 30/10/2024 12:08

all the small caps are equally awful. Capital gains /IHT selling causing a huge overhang