RE: From bad to worse14 Aug 2025 07:02
Well not good news. I have continued to follow the SP and I only checked in on this early this week as I was passing the usual shop. I had seen it had dropped to 80p, and as I passed the shop, full of shoes and sale banners smacking me in the face, there were no customers as usual.
I said in May I saw 50p coming and with the latest RNS, I think this will be on free fall the next few days. Something needs to change and right now that’s going to be a real tough ask imho.
The first priority would be to look at t/o in the league table of physical stores and for those that are non profitable, take action by either revising strategy or close it. The BoD needs to get closer to reality and get their hands dirty.
Good luck to shareholders and I hope I’m wrong but this won’t have a good outcome unless they take decisive action and grow or close the loss making stores.
BRV Capricorn