RE: Big Mike at it….12 Oct 2023 15:29
*edit
Nobody is taking this private - it's just not happening unless there was an offer that made Mahmud want to sell up and turn his back on the company.
Would you want to buy this company with mahmud as the chairman?
He has lost 90 percent of his wealth in this shareprice drop and he will turn this around.
The whole industry/sector has been hit, asos, boohoo and shein have all lost revenue, they all have the same issue.
The issue is simple - revenue grew to far to fast with covid and now the dust is settling the sector will return to growth - the same growth followed by a retraction has happened every single year but covid has put fuel to the fire, the growth through covid was bigger and so the retraction is bigger.
Oline shopping is still on unstoppable upward trend though....
What ever your timetable was for exiting you can now add another year at least imo.