Joules Share Discussion Threads

[goliard] 18/3/2020 08:42

Going to wait until next week before deciding to buy more or not. Everything feels cheap day to day but we may only be at the start of the problem and ftse could see 4000 or even lower.

[nocton] 18/3/2020 08:29

"All 50 states have the corona". Presumably 'states' means 'US states'? What has that to do with the price of fish or Joules shares? Joules should benefit from more on-line shopping, even if it a few stores are closed for a while.

[onjohn] 18/3/2020 06:37

All 50 states have the corona

[goliard] 18/3/2020 05:34

Sorry but I don't really understand much or any of that. There are no financials to study except historical ones and I have applied a 50% drop in profit not just for this year (which will probably be bigger than 50% drop) but every year going forward and also added in more debt to cover some one offs and it still seems cheap. I guess time will tell. Market looks like opening sharply down this morning so interested to see if the JOUL sellers are out in force again.

[goliard] 17/3/2020 20:39

Hi ONJohn. Always interested to hear opposing views on any investment I have. It would be great to hear your thoughts in more detail as there isn't much I can do with those words. Certainly priced as if it is going bust so I agree with that, but the financials I have studied don't reflect the same position. If anything I see a fairly easy upside here although I am hoping for a bit more weakness to add unless there is bad news from the company.

[onjohn] 17/3/2020 20:06

Looks bust

[goliard] 17/3/2020 19:06

Hi Adam. Will check those but I am super defensive at the moment and I don't think they fit my limited list. Chancellor's announcements should help Joules tomorrow which is great in some ways but I am kinda hoping that everything goes lower from here and I can pick up more for less. Have 45,000 is these around 50p today. Would like to double that but retail is so awful I might just stick with the initial punt.

[adamb1978] 17/3/2020 15:25

Hi Goliard

I had a quick look at these last week when the price was around 100p, and made a note to myself to look at them again if they dropped below 70p, though only half expecting them to do so! Incredible fall in a week, and without any company specific news

I'm in a similar position to you - moved into cash 12-18 mos ago and now starting to slooooowly move back in. Bought CLIN and ABDP so far, as well as a couple US companies.
I'l ahve a look at Joul in the coming days

Adam

[goliard] 17/3/2020 14:24

Decided to buy in here at 50p. Assuming a 50% drop in profits not just this year, but going forward and another £10m to add to debt and even then this appears to be on a pe of 10 even with an assumed £20m debt factored in.

Doesn't appear to be a banking covenant issue, but the drop today suggests it is going to go into administration.

I have been 100% cash since December, more by good luck than anything else, and am starting a drip feed into the market with this, SSE and AGR today.

[fillipe] 13/3/2020 14:45

JOUL - we've maybe seen the bottom, today.

f

[biteherbutt] 24/2/2020 11:45

Virus could now be becoming "wild" Look at Italy - Cannot trace the source of infection - Incubation period now suspected to be more than 14 days - So possibility of general world slowdown - New target sub 55p - (BWDIK)

[bookbroker] 20/2/2020 19:56

No chance!

[onjohn] 20/2/2020 18:11

What we want

300p bid from cufflinks


When we want


Right now

Edit I will take dollars Dirhams and drachmas just sign 300p on the dotted

[bookbroker] 20/2/2020 16:34

No chance, just a technical bounce. Why would cuff links buy a predominantly British business, particularly when they are investing so much in their home business, more likelihood of Joules himself taking the business private. It’s reached it s peak in this country in any case.

[onjohn] 20/2/2020 16:29

Chinese take away 300p?

[bookbroker] 20/2/2020 15:10

Much might have been on the basis of stock from China, so maybe they have had reassurance on that front.

[bookbroker] 20/2/2020 15:09

Has fallen a long way, was at all time low, so probably deserved a technical bounce!

[kemche] 20/2/2020 14:34

No one knows anything I presume!
Righty ho.

[mammyoko] 10/2/2020 18:30

Designed in UK, made in China

[onjohn] 10/2/2020 16:55

They making in China

[mammyoko] 10/2/2020 16:52

Worries about China supply-chain issues?

[elpirata] 20/1/2020 21:30

watch out for the exceptional logistics costs in 2020 too - shouldn't joul have rns'd this too?