Profitable Update Incoming9 Feb 2022 10:05
Think back to this time last year.
Lockdown had been in force and things were closed down, nightclubs, cinemas etc.
On the last trading update BOO quite rightly guided for lower expected growth for the 4th quarter period as they were anticipating yet another lockdown due to omicron.
Everyone was anticipating a lockdown at that time, it was sensible to put out the guidance that they did. Not surprised the short jumped on at that time. Omicron was an unknown quantity.
Non of this has come to pass, we have sorted the ESG, supply chains will begin to ease as the world gets back to normal.
Pubs, clubs are now rammed each and every weekend. The world is returning to the office and new outfits need to be bought like never before.
We haven't seen a lockdown, so expect a profitable trading update, doesn't need to set the world on fire as so much negativity has already been priced in.
Expect growth increase further as we head into spring/summer.
There is billions of potential revenue growth to pick up in the USA over the next few years and we will be establishing new ATH's at that stage and everyone will be scratching their heads thinking why didn't we pick up more sub 100p.
GLA