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By Chris Bailey | Tuesday 2 June 2020
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Green on the screen for the markets, but little to inspire in terms of at-the-margin corporate news. The Tesco (TSCO) CFO retirement is very orderly (and not happening until next year in any case), whilst I see the hope of Intu Properties (INTU) that it will collect £310 million of rent this year. Apparently that this is ‘only’ 37% worse than last year is good news...hence a short squeeze today. Good luck to those playing that. My view remains that the banks have a choice between going full zombie on it...or forcing it into administration and salvaging what they can. Today I am going to write about Electrocomponents (ECM)...
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