I'd agree with SurreyCarrie about retailers in general but surely this is due to the increase in goods being ordered online, I don't know anyone who's ordered a carpet online. The share price is cheap IMO and looks like a downgrade has already been factored in. I'm holding these long term so we shall see what happens after Brexit dust settles.
Most UK retailers' shares have taken a hammering in recent weeks (Next, Bon Marche, N Brown, Ted Baker and Mothercare) on subdued trading on the back of consumers holding back ahead of the referendum and for fashion retailers, because of the cool weather. Carpetright hasn't reported a slowdown yet but the institutional investors are betting that it might on the basis carpets are bigger ticket items than clothes. Downgrades to forecasts are therefore being priced in. Carpetright shares are cheap… Read More
Neptune are obviously keen to reduce, they must have some concerns - I wonder how much more they will sell - still have 11.5%. Also with the CEO publically coming out against business rates seems a little concerning.
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