RE: Massive Fall7 Jan 2020 16:58
Probably should be locked up but isn't the fall from 40-50p caused by shifting the stake of Arrowgrass (a shuttered hedge fund being liquidated) against the backdrop of a delayed roll out / growth story and zero interest in the stock?
Operationally the business looks like it has found a reasonably good formula in its existing 8 stores, in a growing space ... it is priced for disaster at the moment, which does not look right. If the UK sites have reached maturity trading targets then the equity story looks interesting as new sites roll out (assuming at some point the unit roll out rate actually happens). Feels scary but that is when the best opportunities are available apparently!