What’s your big gamble?
Discussion
Halfords.
Initally it looks good with ike sales going through the rof.
Unfortuntely, the Auto part is suffering.
They are thinking that the current boom in bicycle related activity will remain and a £50 govt voucher to reair will be introduced.
The company warned it could fall to a £10m loss in the year ahead if overall falls in sales worsened to 9.5% and it continued to be more reliant on cycling-related trade, which is less profitable and more capital-intensive than motoring. In a best-case scenario the company said underlying profits could hit £20m, down from £53m in the year to April when sales remained stable at £1.1bn.
If people do start using cars more, then they could see the Autocenters up income.
SP has coe off to 145, I'm keeping an eye on this one. Not a gamble in the wild abaondon sense, but not all rosy.... esp if profits do fall as low as £20m
Initally it looks good with ike sales going through the rof.
Unfortuntely, the Auto part is suffering.
They are thinking that the current boom in bicycle related activity will remain and a £50 govt voucher to reair will be introduced.
The company warned it could fall to a £10m loss in the year ahead if overall falls in sales worsened to 9.5% and it continued to be more reliant on cycling-related trade, which is less profitable and more capital-intensive than motoring. In a best-case scenario the company said underlying profits could hit £20m, down from £53m in the year to April when sales remained stable at £1.1bn.
If people do start using cars more, then they could see the Autocenters up income.
SP has coe off to 145, I'm keeping an eye on this one. Not a gamble in the wild abaondon sense, but not all rosy.... esp if profits do fall as low as £20m
king day, again!Aiminghigh123 said:
500 Miles said:
Definitely a very red day today..
Alpha Growth and everyone’s favourite loan shark (Amigo) doing well, everything else is a bit meh!
Depends when you buy. I made 10% on BoohooAlpha Growth and everyone’s favourite loan shark (Amigo) doing well, everything else is a bit meh!
Re. TSLA, Richard Holway, who writes the often-insightful free TechMarketView daily email, is increasingly of the view that it is primarily a battery/energy storage company. This from today:-
"Tesla in first UK battery venture
Richard Holway, 09:16, 08 July 2020
I was really interested to read that Tesla was to deploy its battery storage equipment and AI software in the UK for the first time. The project is at Holes Bay in Poole in partnership with Harmony Energy and Spain’s Fotowatio Renewable Ventures (FRV). Tesla will supply 6 Megapack, lithium batteries with a 15MWh capacity allowing the storage of energy from renewable sources to provide energy to the National Grid at times of peak demand.
There is also talk of Tesla siting its 4th GigaFactory for battery production in the UK.
I’ve written several times before about my belief that Tesla and Elon Musk will be best remembered for their advances in the use of battery technology to store energy produced from renewable sources. See Elon, The Battery Boy.
The advances in battery technology over the last decade are pretty impressive - reducing from over $1000 per kilowatt hour in 2010 to $156 in 2019 and the ‘magic $100’ likely to be announced before 2023. Source - Article in Cleantechnica. Tesla has played a major role in these advances. In part because range is all-important for the acceptability of electric cars. Tesla is close to announcing a car with a 500 mile range with a battery both smaller and a tenth of the price as fitted in its first Roadster in 2010.
Powerwall‘I have a dream’
In 2016, in my last ‘State of IT Nation’ Prince's Trust speech, I forecast that by 2030 many homes would be ‘off grid’. Roofs would be constructed from solar panels (even in the UK) which would feed home battery packs (like Tesla’s PowerWall) and charge your electric car. Whole cities would be powered by renewable (wind, solar etc) energy stored in battery farms. The effect on the environment could be game-changing.
Embracing this dream could be the making of the UK in the next decade. We should aim to become a world leader in battery technology and production and its use in cars, trucks and in the home."
"Tesla in first UK battery venture
Richard Holway, 09:16, 08 July 2020
I was really interested to read that Tesla was to deploy its battery storage equipment and AI software in the UK for the first time. The project is at Holes Bay in Poole in partnership with Harmony Energy and Spain’s Fotowatio Renewable Ventures (FRV). Tesla will supply 6 Megapack, lithium batteries with a 15MWh capacity allowing the storage of energy from renewable sources to provide energy to the National Grid at times of peak demand.
There is also talk of Tesla siting its 4th GigaFactory for battery production in the UK.
I’ve written several times before about my belief that Tesla and Elon Musk will be best remembered for their advances in the use of battery technology to store energy produced from renewable sources. See Elon, The Battery Boy.
The advances in battery technology over the last decade are pretty impressive - reducing from over $1000 per kilowatt hour in 2010 to $156 in 2019 and the ‘magic $100’ likely to be announced before 2023. Source - Article in Cleantechnica. Tesla has played a major role in these advances. In part because range is all-important for the acceptability of electric cars. Tesla is close to announcing a car with a 500 mile range with a battery both smaller and a tenth of the price as fitted in its first Roadster in 2010.
Powerwall‘I have a dream’
In 2016, in my last ‘State of IT Nation’ Prince's Trust speech, I forecast that by 2030 many homes would be ‘off grid’. Roofs would be constructed from solar panels (even in the UK) which would feed home battery packs (like Tesla’s PowerWall) and charge your electric car. Whole cities would be powered by renewable (wind, solar etc) energy stored in battery farms. The effect on the environment could be game-changing.
Embracing this dream could be the making of the UK in the next decade. We should aim to become a world leader in battery technology and production and its use in cars, trucks and in the home."
Averaged down on BOO. Still at a fair loss but it will come back and I have another chunk to throw in if it dips again.
Everything is pretty much red currently - think once they recover I will be out - may even take a bit of a loss.
My big question mark is now over Easyjet. Just can't understand why they are still dipping. Currently 11% down and I thought I had bought in a dip!
Everything is pretty much red currently - think once they recover I will be out - may even take a bit of a loss.
My big question mark is now over Easyjet. Just can't understand why they are still dipping. Currently 11% down and I thought I had bought in a dip!
classicfred said:
Don't forget the prospect of a no deal Brexit is getting ever closer as well - certainly won't help some shares
Because of Covid and pretty much the rest of the world being in a similar or worse position I don’t actually see No deal causing a huge swing. . Yes the papers will make a huge deal about it and we will see some red days but i think Covid will mask a lot of the swings..
Ultimately because of Covid we wont actually ever know how bad or good the whole Brexit malarkey was.
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