French Connection10 Oct 2018 08:54
Just as a quick comparison, yesterdays speculation of French Connection being put up for sale and the SP increase, prompted me to look at their last 6 months results. Their revenue for the half year was HALF of that of FootAsylum, down year on year, and they made a loss of £5.5M for the six months. No real increase in online sales, and dwindling like for like sales in stores, with plans to close more stores in the future. Cash in the bank pretty much the same as FOOT. Market Cap? £50M.
If that doesnt provide a stark contrast and highlight the value in FOOT with its vastly increasing revenues both online and retail stores, £12M positive EBITDA last year and projected £6M this year (lower based on investment in store openings, infrastructure etc), I dont know what does.