No idea! Numis have given a target price of 30p, I can see this dropping to 18p, a bit of news like Marks stepping down or a strong AW update is the only thing that is going to stop the decline over the next 3 months. I have held on and if it does go below 20p I will buy in again with the view to holding for 18months+
28 Sep '15
Any thoughts on the current sharp price ? Still think there is value in FC at 15p-20p ?
18 Sep '15
Was supposed to be today, I believe the fact that it has been delayed to be a good thing. I see no reason to delay bad news as it is expected. My gut is winter has kicked in big time for fashion retailers v. last year therefore the delay is because they can give a stronger update on current trade. I could be wrong we will see!
10 Sep '15
More big volume going through
8 Sep '15
I am back in
I have bought back in this week. Yes a big gamble. I believe the update will be a disaster in uk retai, LFL's circa -5%. US Retail doing ok, wholesale revenues storming. Current UK retail trade looking promising and website re-launch showing strong signs. I believe there will be some board announcements and an acceleration on store closures so expect an update on these. Discount nothing on this front, it would not surprise me if they have had considered getting rid of prize leases on Oxford st & Regent st. But this share is not for the faint hearted so invest what you are prepared to lose.
1 Sep '15
My buddy reckons there is board changes/announcements coming up here, no idea if that is true, although something is going down.
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