PauL Scott - Small Cap Value Report - COMMENTS AGAIN22 Dec 2020 09:44
I'm not at all convinced that Mike Ashley's strategy to buy up failed High Street chains is a good one. Hopefully this development might make him think twice about bidding for TopShop? I'd like to see Boohoo (LON:BOO) (I hold) pick up that one, and bolt it onto their machine to drive continued growth. The march of the online retailers seems unstoppable. BOO is the best one, and currently good value because of ESG fund managers being forced sellers. Once the supply chain issues are resolved (work-in-progress), then all those fund managers are likely to become buyers again, driving up the share price. That's a tremendous money-making opportunity for us, in my opinion, it's my top pick for 2021, and largest personal portfolio position. I'm not going to apologise for banging the drum about what I believe to be a tremendous opportunity. Last time I did that, when it was below 25p, readers here made millions, a very happy outcome.