RE: Results out15 Oct 2018 06:58
Yes the bounce up was rapid from 190s, quite impressive. I previously held these from around 175p though which seemed like a value purchase back then, but sold out in 240s concerned about the p/e. Subsequently the persistent weather related news, too cold then too hot..its just not a concern for online retail business models, and frankly it's wearing a little thin. I like the acquisitions the business has made & strong brands but ultimately the falling profits I see as due to particular susceptibility to a weakening macro environment so wary of the fairly high valuation here.