Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
I bought into AFB this week for a number of reasons.
One of the reasons being is that I believe the shift to online is being overdone as far as retail is concerned.
Yes, buy your weekly shopping on line at Tesco because the weekly shop can be a chore…
However, there is room for a high street presence because as humans many of us enjoy going out with friends and family to buy clothes/fashion items.
Sometimes we make a day of it. And if the number of opportunities keeps decreasing then Primark stands to gain whilst other brands carry on with their online dog fight.
I have to agree that the trend is moving away from the High Street. And that’s one of the reasons why ABF is trading just above its lows of last year when the fear of C-19 was at its greatest.
It’s up to management to navigate Primark’s route successfully.
Online? Flagship stores…who knows, but they’re the ones paid the big monies to find solutions.
If they do, £30 a share will be cheap.
Surprised about the scale of the drop given that this news was expected.
The board obviously see better growth opportunities elsewhere and so we must trust their strategy as they hopefully have their finger on the industry pulse.
Decided to open a position here.
c 10% off 12 month ATH.
This week’s update states: “The year has started well, with a continuation of the good demand seen in the second half of 2020/21. In the first quarter we delivered strong sales¹ growth of 63% year-on-year….Sales have returned to pre-pandemic levels, and operating profit is ahead driven by more volatile and higher average precious metal prices.
“Given the strength we are currently seeing in our end markets, we now expect at least mid teens growth in underlying operating4 performance at constant metal prices5 and constant currency.”
Low debt level.
Hopefully the market was waking up to JMAT Friday afternoon.