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I don't really do charts but a descending wedge can be quite bullish I believe.
The turnaround plan just needs to be on track. Nothing special from the board. Just got what they said they would.. then the market should start to gather some momentum behind the 'turnaround story'.
It’ll be let go eventually Nate.. when this turns around and the bottom line starts to feed in on top of macro improvements it will become an unrelenting juggernaut. At that point they can have mine at c£15.. imo lol
Aye just looked over there this morning. Really well, better than expectations. Well managed company. To think ASOS used to be up there with next in terms of valuation. Obviously a huge gulf now though lol
And that's why we are here- I believe the company can do it. A full turnaround can take years from the beginning of the decline, and unfortunately the majority of PIs think being invested in a stock for 12 months equates to a long term hold. I've bought into the story, done my research and happy to sit on this for years if needs be aslong as the updates show the turnaround making progress/fundamentals getting stronger. :)
The FY2025 projections (6% EBITDA on £3bn revenues (bottom of guidance)), if achieved (and granted there's some work to do) will see 450p a distant memory - if the company hasn't been bought out or taken private before then... with those kind of numbers a concerted move upward would be irresistible.