Sorry wrong board , should be EVOK board |
Wrong board mate !! Read RNS and news ! Growth rate 15% each year, EBITDA 310 million which doesn't have some FTSE100 companies |
free stock charts from uk.advfn.com |
50p was the low and UK only accounts for around 10% of sales. |
One tricky pony recession imminent in crime ridden blighty
Outlook is dire, no growth, soon job layoffs to pay for Labours zany policies |
Was 45p not that long |
listened to the call and it seems that Xmas discounting was rife in Germany and UK. It's good they resisted (they discount non core items) to maintain brand integrity but sales were a bit softer.
encouraging signs but still too early to call orders for aut/wint 2025. Wholesale inventory levels are low in the us (which has been the case for a year) and represents an opportunity. Asia (Japan and China) was strong. and they are set to hit the inventory reduction target.
i like ije and the way he talks about the brand and appears to be on top on the business. i bought early and doubled down when the market got frightened about the placing. as someone has said, turnarounds take time (a lot longer than one anticipates).
going forward, this is a global brand (which they are taking care not to trash) with a global runway and with scope to grow.it's easy to see 20p in earnings with a 20 p/e in the next five years and growth. That's a share of 400p.
dyor |
Worth a punt at 55p ish |
the ship is defo stabilised. the only concern remains US wholesale which was still down but only low single digits. the comparatives get much easier from here. also good news is that they are on track to substantially reduce the inventory position, which was another concern. strong growth in asia is good news as this geography contains the largest number people on the planet. japan is an excellent market with such a large proportion in urban areas.
on balance there is much more upside than downside at these levels. |
I'd get a pair of glasses and have another read |
Agreed, serious signs of stabilisation & turnaround with positive news already from USA, Japan & Wholesale markets. Given other high st commentary, trading conditions & share price the worst may be behind |
Disagree with the above, turnarounds take time, still a strong brand. |
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 |
Likely drop |
Mcap is too high atm |
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. |
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. |
YouGov and Games Workshop have done tremendously well in the US. |
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. |
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. |
All eyes will be on the TU in Jan. Btw ennismore are a smart bunch |
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. |
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?? |
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