Next stop year end reporting late Aug unless early unaudited...

Next stop year end reporting late Aug unless early unaudited results release. Random walk until then.

Market slowly ‘learning’ the brand and unlevered business and naturally wants to see more information on growth outlook before it bids up the price.

Remarkable in some ways City Chic brand could grow so profitably as a subset of a larger struggling stable.

Now with full focus and attention by all augurs well for executing on its global potential. Only brand to discuss at monthly board and Exec management meets.

Suspect sums are being run by private equity and industry players on bids, contemplated inclusive of debt funding, where geared perhaps up to 4 times ebitda off market not unrealistic and supporting outsized IRR over the next 3 years. That’s the beauty of ungeared and fast growing business.