• Performance

    -45.32%

  • Price at start

    34.75p

    (mid)

  • Price at close

    19.00p

    (mid)

  • Tip made

    22/06/2012

  • Tip Status

    Closed

    22/06/2015

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Tip Notes

A trading update last week showed that UK sales rose strongly, with tablet computers in particular flying off the shelves.The demise of electrical retail rival Comet hasn't done it any harm either. The company cut costs, slashed debt ad sharpened up its focus on customers and prices. However, this is reflected in the price. At 27p, the shares now trade on 12.5 times June 2014 earnings, hardly cheap for a business facing such significant long-term challenges. Having less high street competition is helpful, but the easy money looks to have been made in these shares. We'd stay clear.\\nPhil Oakley - Moneyweek

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