Just registered to this site. Been TED holder for a number of years now. Unfortunately I still haven't seen any profits, I've had the terrible case of buying when I really shouldn't have. I thought after the latest trading statement, even in a poor market TED showed great strength, it wouldn't drop below 3000.
I do wonder what the long term upside is here. In say 3-5 years.
Despite the strengths of Ted Baker which I have mentioned previously, I am concerned that the company now has so many headwinds that it is time to sell. Today's update from Next has shown how even the highest quality retail companies are finding it difficult to make progress, particularly as the migration to internet buying continues apace, with some internet retailers such as boohoo.com continuing to boom. Whilst Ted Baker's internet sales are growing quickly, they still amount to less than a quarter of total sales at last count and I can't see how the company's expanding portfolio of shops can avoid suffering from the trend to internet sales. At some stage it will be time to buy Ted Baker again as it is a brilliant company but for now I am playing safe because of the transformative changes taking place in the retail sector.
"Ted has announced a strong trading update with sales growth in line with our expectations. Retail sales in the first 19 weeks of the financial year grew by 12.7% on a reported basis with Wholesale up 7.3%. Ted is outperforming the peer group both in stores and on-line, we believe, as well as through the wholesale channel. Sales density including online rose 0.6%."
Liberum's note from this morning, taken from research tree
Read Panmure Gordon & Co's note on TED BAKER, out this morning, by visiting https://www.research-tree.com/company/GB0001048619
"Several highly-rated consumer stocks have capitulated over the last quarter, reporting weak like-for-like sales growth over the comparative period. We think Ted Baker (TED) will be the next. Our analysis shows that TEDs underlying sales densities in each of the territories it operates in appear negative in the latter half of the prior financial period. Our valuation analysis shows the shares to be worth ... we therefore initiate on the stock with ..."
"The Dow Jones and Ted Baker tooA client asked about LSE:TED:Ted Baker and we immediately came out with all sorts of doom and gloom, pointing out 2,250p is a logical bottom on the current price cycle. But, as we completed our email reply, we took ..."
" The DOW JONES and TED BAKER (LSE:TED) too.Â A client asked about Ted Baker (LSE:TED) and we immediately came out with all sorts of doom and gloom, pointing out 2250 is a logical bottom on the current price cycle. But as we completed our email ..."
I particular like the 74% increase in online sales just reported as I think there is plenty more to come here. I also like the fact that ROCE has hovered either side of the 30 mark for the past 7 years as this shows the the company is generating value by reinvesting its profits in the business. I also like the fact that the founder has retained a huge stake at this stage of the business as that should ensure a disciplined strategy. Plenty of scope for international expansion as well.
"LSE:TED:Ted Baker has shrugged off the threat of warmer weather, the cause of numerous profits warnings across the retail sector, and reported a big surge in sales. And that's even before its peak trading period has begun. The market is clearly ..."
"Fashion retailer LSE:TED:Ted Baker announced an 18% jump in sales for its last quarter on Tuesday, but it was not enough to stop the shares falling and again this morning they tumbled by another 2.65% to 1,879p by mid-morning as investors took ..."
Date Broker Recommendation Price Old target price New target price Notes
24 Mar Jefferies International Buy 1,814.50 2,300.00 2,500.00 Retains
20 Mar N+1 Singer Hold 1,814.50 2,100.00 2,200.00 Reiterates
14 Jan Cantor Fitzgerald Buy 1,814.50 2,350.00 - Reiterates
10 Jan Liberum Capital Buy 1,814.50 2,300.00 2,300.00 Reiterates
09 Jan Cantor Fitzgerald Buy 1,814.50 2,025.00 2,350.00 Reiterates
In case of any of you followers (and holders) were, like me, getting a bit nervous about the recent move down, I can assure you that the message from CFO was as reassuring as ever when met a friend of mine last week. Sounds like sector rotation is slamming a whole load of growth sectors right now, and this looks like a forced seller(s) hitting the name. And yes, the multiple of TED was always looking a bit hopeful above GBP22, but it sounds like this is a great chance to add to positions down here. The clothes aren't exactly my cup of tea, but I think this is still a great 10-year story in terms of premium fashion and international expansion.
Bl00dy hell Nick, 15 yrs in 1 share is impressive. You must of been in almost at the start of the initial PLC offer. Hope you made a quid or 2. I'm 3 years in and things to be building to a critical mass lately.
I was looking at their timeline which is a great read in terms of a company growing organically and sticking to their ethos throughout.
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