RE: Mike Ashley2 Aug 2024 21:56
This same pattern happened last time Barclays released a downgrade and dropped their price target a real sell-off occurred and then it rebounded swifty into the mid 30s. I don’t see the debt here at the minute being a problem at all as we have around £130m of uncumbered property. Morana even mentioned it is always a blessing when a business has such a substantial debt free property portfolio. Sale and lease back would clear all of the debt here instantly. I do find it bizarre how Big Mike has been able to accumulate 25% of the company and the share price has declined substantially…Some real dark forces at work here currently.