RE: Perky once more...5 Jun 2024 11:38
Swiss,,, just my thoughts but for me the following points underpinned my investment case and averaging down to 134p. Firstly the share was at record low sentiment with the production difficulties (now resolved and expanded) . Secondly, the market didn't approve of the cease of production of legacy models which, it has to be said was a very counterintuitive move by the company. Thirdly the market was rototing out of luxury brands in anticipation of a down turn which many companies raised as a potential headwind; WOSG were a prime example ( I bought them to).
We now have only to get over the Q3 update in August where the company has already signaled what to expect (no fireworks there) but we have a new CEO September, the new product range has been praised in the press and, the F1 tailwind which isn't my cup of tea but in branding terms probably as important, if not more so than the Bond franchise. Any how happy to hold and ride the waves GLA