RE: Share price keeps dropping....24 Jun 2020 12:18
I entered a couple weeks ago at 1.80 and it's dropped almost 15% since. No I'm not sure either, the business is selling every single bike they can get their hands on. The stock isn't even getting chance to hit the stores before it sells. Yes they could be selling a lot more but that's no reason for the SP to be dropping. They'll already be increasing their order size with the suppliers, not to mention all the bike accessories, repairs, Government grants, flat car batteries and servicing picking up. Camp sites were given permission to open on 4th yesterday too, and Halfords are the largest seller of camping gear. Expected this to have a positive impact on the sp but it's still dropping.
Trying my best to hold on but it's getting difficult..