Seems like he might be regretting his return to the business. I remember at the time he said the move into children's clothes was a mistake by the previous management, that might be true. However many other mistakes have been made.
RE: What dictates a high PE ratio?4 Aug 2022 09:54
I think that the category of the business has a lot to with the PE as well as those mentioned. Pharma and Healthcare have higher ratings because of the perceived durable earnings.
I get the feeling this is another French Connection, resting on it laurels, lack of Innovation, perennial disappointment. Large shareholders looking after themselves. Shame could of been all so different.
Can someone please stop talking about the rate of Morrison's conversions. Its getting really boring. If it is a bit more or a bit less what's the difference.