RE: Pre close trading update10 Sep 2019 19:31
WARNING : January 2014 the SP was 2590. I know coz I sold them then. Been in and out since then ... buy low sell high, etc. Days of £36 long gone. Historically they're on a 5 year downturn. They are still overpriced right now and 2000p would be fair price for a company who can't grow LFL sales. I will dip back in at that level. No, it doesn't make sense to open new stores - the initial risky overheads are massive and then you're into a cycle of declining LFL sales. Also online clothing retail is predicted to double in next 5 years . Go figure ... Primark will be left with a load of empty units.