Abject Failure30 Mar 2022 12:11
This is no turnaround story. Since 2018 the share price has plummeted, they failed to get to grips with a salvageable Carphone Warehouse business, invested countless millions chasing projects doomed to deliver no positive outcome, benefitted hugely from the pandemic shifting shoppers to online only to realise that it was a less profitable channel, and now the 'heralded' management team are jumping or being pushed off the ship. It is not without reason that the three best performing divisions of the business are the ones without direct control from HQ— Nordics, Ireland, and Greece. The pension fund funding requirement is another major consideration.
Currys shares currently attracting short traders, only Carillion and Cineworld have higher net short positions (FCA's daily short positions report).