RE: Lost a bundle10 Jan 2020 14:53
Cfds could not be supported. This stock has dropped around 50% in the past month or so. Make up your own minds but simply follow the patterns of other high street stores that have fallen. This is the same. Clearly not enough of a market, morrisons opening up card and gift shops in stores, high debt, increased national minimum wage, increased business rates. With the SP fall they will probably breach bank covenents meaning higher borrowing costs. They have already been thrown out of the FTSE 250 do institutions will happily dump the stock. I would love to be wrong and it's not sour grapes for losses. It's just looking at the reality that this share is going only I wau and this is down. Keep watching 5 to 10% per day as the short sellers put the final nail on the coffin. The high street is doomed at this rate and this will be just another casualty I hope if rises but look realistically not on hope.