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PEACOCK: WORTH HOLDING ON?? (PEA)     

xmortal - 01 Jan 2004 15:42

Shares of leading companies which trade in the same market as Peacock are going downs as retailers issued low sales forecasts. Peacock had an outstading run up to early november, then some directors sold their stakes. Looking at the charts and the fact directors sold their shares it seems there is all indication to get out. However, i have not heard any news of sales forecasts coming from Peacock itself. Investors Chronicles suggested to sell. Shares Mag suggested to hold on.

I have visited PRIMARK another cheap clothing retailers and people are spending, QUEUES LINES are always massive. Would be interesting to see NOW how people are shopping now at MATALAN (no shop near me) so can draw any conclusions.

We have to look at it in the medium term. What about the next 6 months sales forecasts, consumer confidence??. I feel this share can go either way. If the forecasts are positive for the next 6 months then we are on track. Growth in the UK at highest when compared to continental Europe. The UK is a shop-alholic nation. Credit card companies are giving away CC like crazy. All your points of views will be gratefully appreciated. Thanks

pericles - 22 Feb 2004 11:13 - 9 of 10

Final results announced 26 May, per FT Free schedule of results and divs which covers all coys except AIM and is an annual insert with Saturdays FT out about end Jan.

gallick - 27 Feb 2004 17:38 - 10 of 10

Weird

I sold on the day of the trading announcement whan thy were down about 1%. They fell about 4.6% on the day, and since then it has been upward only.

Moral of the story: if in the current market a share has been falling prior to results and falls subsequent to results.... wait a bit, then buy heavily.
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