RE: Fools and there money24 Jan 2019 17:41
Interesting that I'm not the only one to have this on my mind today.
Whilst I agree with what you say regarding the huge cost savings on rent, staff,etc, I'm not at all confident that I should have anything to do with this retailer from an investment perspective. I bought in during the last bounce at a point that was too high. SP was climbing fast and seemed to have good momentum, however, like a steam train with no coal, it ran out of puff very quickly. I then took up the option to buy at 19p on the offering to raise the £32m. Since then it has done very little, other than slowly decline into the early teens. I know the business quite well and I know people at HQ. It's not a good picture at the moment and I think trading has been poor in the last 6 months. Wrong products and the lack of consumer confidence on premium products like Prams, Car seats, Furniture has reduced revenue significantly. Overseas I have less insight so maybe that will save them a little?