RE: Share price9 Dec 2021 13:57
I used to work in the domestic appliance industry and believe me the margins achievable on the products were terrible, single digits at best. In addition there is no profit in delivering the products first off and any returns scupper any profit from multiple sales. The only money to be made selling domestic appliances is on repair/replacement insurances & why buy one of those when you can buy a new machine cheaper than paying a policy for 5 years? Even at 95p these shares are imo are overvalued, at 20p they just might be worth a punt ?