RE: Still valued at £1 Billion24 Feb 2022 10:42
I remember Tesla trading at 40p a couple of years ago....but that doesn't really mean anything either.
This suffers from the exact opposite of hype. It's hysterical negative sentiment on top of the valid headwinds we all know.
Their growth rate in their main market the UK is still very good, they're still making plenty of money, and mostly have had issues abroad due to the logistics crisis.
The chances of private equity* taking this over, or trying to, are probably rising by the minute, as it gets to silly prices (buy up some shares at the lows, make an offer, even if it doesn't succeed they'd probably make a packet on the shares they'd already bought).
(*who'd have the cash to sort foreign distribution centres quickly)