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Jessop = Buy Avoid Sell? (JSP)     

SILVA - 21 Jun 2007 22:46

Should buy?

hangon - 20 Feb 2008 15:09 - 11 of 17

Not sure these comments helps this thread . . . .
JSP will sink or swim on good management and the profits they produce.
Just don't know.
((Incidently, whilst Wheat, etc is set to rise, it has been boosted by the "unfortunate Bio-fuel use" - this may be reduced in future as it's not in human-interest...although another driver remains - that Asia/China is getting used to eating meat - which requires much more cultivation.....
However, this market has raced ahead and some have made good money from the rush to buy - next year it may not be so good - I'm not convinced Punters should be into this.....plenty of scope for scoundrels, eh?))
H

Back to JSP!

driver - 27 Feb 2008 10:07 - 12 of 17

Heading back to 7p theres got to be some up side here soon.

cynic - 27 Feb 2008 10:30 - 13 of 17

WHY?

hangon - 27 Feb 2008 16:59 - 14 of 17

USB buys 7% and sp rises 0.25% - that's almost unbelievable!
Still it means I'm nearer to break-even......maybe soon, eh?

OR,
Does this mean the MM's have stacks of shares in their cellar?
Not sure, but it shows someone thinks the stock is worth buying - it can't be the dividend, can it?

hangon - 29 Feb 2008 12:20 - 15 of 17

Anyone wanting a High-Street presence would do well to look at JSP

- the Mkt Cap is under 10m and maybe it could be taken out for 12 million - that's pretty cheap for saleable stock ( probably worth the 12m, if sold carefully) ....and then you have 200-odd modern shops waiting for your make-over.
((Say, 200 shops might cost 5m after all -- that's 25k per shop (=leaseholds), which is unbelievably cheap. Excluding the Debt!))
Probably not mobile-phones, but maybe new technolougy widescreen TV's to catch the Olympic=Mood ( and other sports) - an Instant network of Sky-Shops - - -- although they have enough on-screen exposure - - - so maybe a new broadcast/phone Player?

It's unlikely to be Tesco - they have enough exposure to the High Street, although I heard they want to expand into "Electricals" - and Jessop stores are quite well placed; with good foot-fall. Anyone know what has happened to the few storew they closed-down? Are they a "New Corporate Player" - or stuck in the Commercial stock?
//////DYOR////
Don't give-up on JSP just yet, it's only the old Management that's not up to much!

halifax - 29 Feb 2008 12:33 - 16 of 17

If Tesco want to take on Currys and Comet they wouid need greater floor space than Jessops has in their shops, better to buy Woolworth's 800 stores with all their underutilised floor space.

hangon - 04 Mar 2008 00:41 - 17 of 17

Halifax, my suggestion was just an "outside runner" - but for anyone to take out WLW, they'd need to bite into a Mkt Cap=160m, - - - whereas JSP shops are high quality, not too big ( if the electricals were selective) and could be taken out for maybe 12m, since JSP Mkt Cap is just 8m . . .
So in terms of a buy-out "bargain" I'm saying JSP is quite an interesting play....

What do you think of the 7.5% investment of UBS - hardly moved the sp....no, I don't understand it either.
Was this a private purchase, through the Broker? _ or a broker-broker share-swap, hence the sp stayed "put"?

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