Mcls & foot9 Mar 2019 08:41
Amazing how many said I was wrong and that mcls at 50 odd pence and foot at 25 odd pence were risky plays and not worth investing.
If you think those two were undervalued this at 16p and 20 million mc is truly one of the greatest opportunities that has ever represented itself.
My target here is still 60p in the short term, some may laugh and ridicule but I am highly highly confident this will be reached by the end of Q3.
There is absolutely zero risk here, with the no debt, 9 million in cash, going global, growing sales apart from the recent minor blip, profits equivalent to the entire market cap since 2016 and above all a real chance of a takeover.
After the Directors pocketed 90 million on the listing, surely they would take a 60-80 million with a cheeky offer?
Boohoo, pretty little thing, misguided, Next, Arcadia etc etc now is your chance.
Personally I would like to see them going purely online and shut all but say 10 stores in prime locations.
This will lead to far greater returns by 2021, compared with a buyout but I can see the former happening at this level.