RE: Joules?10 Feb 2022 19:02
Thanks Fresdster
That does however conveniently skip over the fact that last time we were valued atmround these levels total group revenues were just 120m when we traded on those higher P/E ratios and group revenues are now 2bn
With expected growth rate of 10%,through this pandemic period before returning to 25% growth as the tailwinds ease.
We have consistently grown more quickly than ASOS and even our reduced guidance exceeds ASOS growth rate.
Once we are over 3bn in revenues I won't mind if we on still continue to deliver 10-20% growth as the cap ex requirement of all the investment being made to establish the automated distribution centres and acquisition costs of all our group brands won't need to be replicated, which will significantly improve bottom line profitability.
Equally they may decide to aquire further US brands in 2024 to bolt on additional revenue but let's wait and see.