RE: Barclays Capital Broker Rating21 May 2020 16:29
Correction. Will be about NINE weeks of lockdown (started 23rd March:-
"44% potential upside" says Barclays Capital reading the article dated yesterday, which can be found googling:-
barclays-capital/412823604
I believe the mistake the market is making is although the stores are closed until 1st June, so it will have been about 9 weeks, approximately 85% of the running costs would have been wages. BUT the UK Government are paying these. So PcWorld would be keeping as many working as possible by re-deploying to help the web service side which had more than doubled (RNS said 125% more), so yes, more than doubled. Thus you have everyone who is working busy. If you get busyer you un-furlow some. Get less busy you re-furlow some. Very efficient if you play your cards right.
The WEB site must be screaming busy with laptop orders and mobile phone orders driven by the lockdown.
When they open IN TEN DAYS TIME it will be even busier with those PLUS the computer repair side will be swamped.
All IMHO.