RE: Results29 Sep 2020 12:18
Why is this dropping?
Results were OK but still losing money on sales at 71% of last year. The outlook is bad as the next October to February period will be compared to last year's stonking period and it won't look good. Many headwinds - workers now again being told to stay home and tighter regulations on movement and socialising in place for 6 months. Other headwinds - students Covid outbreaks, London to be locked down soon, more unemployment on the cards, test and trace is a joke, cold weather coming, further Covid cases and probably a national lockdown oh ... and a vaccine is a long long way off. Tailwinds of new shops, digital and Just Eat will help but will not make up for the YoY comparisons.
As a holder I don't want it or like it, but I think this will go sub £10.