Another busy Friday on the markets. It is all good fun especially with regard to my holdings in Reckitt (RKT) and SIG (SHI) shares both of which produced positive updates. So a quick appraisal of the good news first…and then I will move onto the continued comedy at AO World (AO.).
It is another manic Thursday with plenty of global market news and volatility to enjoy. Obviously I completely love it. In terms of the UK there are about ten different names I could write about today, but I will just leave it to four. After all yesterday I loved-up easyJet (EZJ) already and today’s first quarter numbers hit nearly 12 million passengers, nearly four times the level a year ago.
Previously writing on online electrical retailer AO World (AO.), at the start of last month with the shares at 170p I concluded hopefully my prior warnings were heeded and still a sell with the valuation still looking much too high even without the doubt that measures to help mitigate logistics challenges will be sufficient to enable more heavily weighted than usual second half profits. The shares last closed at 124p... and today half-year results and they currently back around 100p! So why is it again ‘A..O… Oh No!’?
Previously writing on online electricals retailer AO World (AO.), in April with the shares at 323p I wrote a lockdown winner… but now to be a share price loser?, concluding with also demand concerns as lockdown measures are eased and economic realities start to bite, at anywhere around the current valuation I’d still sell. The shares last closed at 217.4p and today a “Trading Statement” – and the shares currently more than 20% further lower!
Previously writing on online electricals retailer AO World (AO.), in November with the shares around 390p I concluded a lockdown winner, but the valuation much too high on what can be reasonably expected currently from here. Today a trading update… and the shares currently at 323p...
