RE: USA Stock Market Rally1 Jul 2023 10:29
Looking at the annual report it makes for an interesting read.
Huge spend on CAPEX last year but will pay some dividends in the future, I particularly like this statement.
We began the automation of our Sheffield
distribution centre in 2021, and this is
now fully operational and delivering to our
customers. Post automation, the site is
regularly processing around 860k units per
day, an increase of 147% pre-investment,
and is realising a 49% reduction in
staff costs
It's been a torrid few years investing in BOO and the UK in general but there will be a point where value starts to be realised here. Possibly where the US market becomes vastly inflated in valuation. I would not be surprised if private equity comes knocking here, especially when the US distribuition centre is fully operational.
With the portfolio of brands here and the economies of scale on offer this could make for a very attractive proposition.