RE: This Train is leaving the station31 Aug 2025 19:23
All that time to mull over things Simon yet you still can't get the basics right, let alone anything else.
Given that you don't own any shares, why bother?
Just to pick up a couple of things, because frankly it isn't worth any more of my time.
1. Auditors audit, they don't make up frilly stories
2. The results were far more likely held back due to PLT than the loan facility.
3. Plt isn't loss making now. Top Shop, with tiny revenue, no IT architecture and very limited customer IP is valued at £180m. PLT also wasnt just bought from the Kamani family, the valuation was agreed by KPMG AND Mahmud Kamani wasn't involved in the sale process.
4. I presume you are referring to Frasers as the cheaper finance? As far as we know, frasers only offered £125m and we have no indication of what terms and conditions may have applied. What we do know is Ashley only ever looks after Ashley. And whilst the terms aren't particularly cheap on the £175m RCF, they aren't massively expensive either.
5. I don't think many people other than the trolls on here would call 34% growth modest. Especially when it is offset by falling sales in the labels. Market place growth will be far higher 34%.
I could go on but you really aren't worth the time