Dr. Martens Share Discussion Threads

[kaffee] 30/11/2023 10:11

It's not even a brand issue... it's a quality issue. Look at some DM tear downs on Youtube. Comparison with models of yester-year show the cost cutting that is in place.

When it comes to comfort.. you don't scrimp !

[aishah] 30/11/2023 10:08

Director bought £400k worth at 129p in July. Just goes to show it's not always follow the insiders!

[salpara111] 30/11/2023 09:57

Glad I waited!

[dealy] 30/11/2023 09:50

shares were 140p a few weeks ago. surely this is overdone?

[blueball] 30/11/2023 08:23

All time low.

[bookbroker] 30/11/2023 07:27

Nasty, 70p open?

[disc0dave46] 24/11/2023 19:41

CTI'm well thanks. Frustrated with the UK market but what's new!.Their interims are the 30th so should be interesting.

[castleford tiger] 24/11/2023 19:12

106 this morning to buy!

[john09] 24/11/2023 10:30

Dealy I’m not seeing new lows in small caps I’m seeing bowls forming generally

[salpara111] 24/11/2023 10:12

Waiting for the results next week, a positive update could see a pretty quick run back to 160 but that is not a given.

[dealy] 24/11/2023 08:26

the small caps in general are still hitting new lows this week. looks like an endless dumping by pension funds

[john09] 24/11/2023 08:17

Tempted at this i like the story. Assume it’s being shorted though?

[john09] 17/11/2023 06:44

Morning all

Just a reminder any SCSW followers we have a new unofficial thread for ADVFN folk to keep in touch with each other and discuss shares. 15 have joined so far. Please favourite this thread to your shortlists and like the thread so we can keep approx tabs on numbers!

Note that no subscriber only information should be shared eg new tips and write ups etc

[castleford tiger] 15/11/2023 18:13

471

good thanks and you i hope
tiger

[velocytongo] 15/11/2023 16:33

100 sounds like the law of big numbers, CT. Also, people who say they'll buy at 100p then say, I'll wait until 90p and on it goes.

I've no idea whether it will hit 100p but the current valuation is 5x EV/EBITDA and 6.5 x EV/EBIT is just way too cheap for a brand like DMs. The DTC strategy makes perfect sense to control pricing and protect the brand. Jamming wholesale boosts revenues and profits (to help the float!) but damages the brand. Docs end up becoming destination stores in major retail areas. Just check out Covent Garden. It's interesting that Permira has not offloaded shares into the buyback.

I suspect that sales and profit growth will be slower going forward. So the share buybacks should boost EPS and buying them back at depressed levels makes perfect sense from a capital allocation point of view. I suspect that they will be spending £50m or 50% of free cash on buybacks as long as the business continues to perform.

The reservation I have is that debt is now quite expensive and will depress the impact of the buyback on EPS. I suspect they may stop buying back for this reason.

This is one of the few UK-listed companies that has a genuine global runway and lots of potential in the US. My friends' daughters in the US all love them and they appear to be a right of passage among middle-class kids in N London.

Apologies for the ramble but the final point is that this would be very attractive of another brand focussed company.

[disc0dave46] 15/11/2023 09:43

Hi CTHope all is well.Doubt you will ever hit your target tbh, came close though, c 5%.

[seagreen] 14/11/2023 21:42

Tiger unless the IBK in charge of buybacks shorted the shares prior to their buybacks I do not get the share price movement but they may well yet be proven to have hit a home run with their low priced share buy backs...presumable because they are very confident they have enough spare cash?
Otherwise they would be committing financial suicide?

[castleford tiger] 14/11/2023 19:05

i think 6p dividend is possible.

so at 100p a 6% return.

thats my target

tiger