Latest Views & News

Primark Sells Now't in the Lockdown, but the Crashed Shares in its owner could be an Opportunity

By Malcolm Stacey | Wednesday 22 April 2020

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Hello, Share Sifters. Some bad news from Primark. Though it sold £650 million worth of stuff in the previous month, the company says it’s made nothing since. This is because this High Street set-up - one of Britain’s most popular clothing stores - doesn't have an online operation. A badly mauled share price has reflected this...

You must be a registered member to read this story
ShareProphets is reader-supported journalism

Join us for free and gain access to three articles per month

Or become a member starting at £5.99 per month for all articles, the Bearcast, and our seven year archive.

Filed under:

Subscribe to our newsletter

Daily digest of our latest stories.

Search ShareProphets

Market News

Complete Coverage

Recent Comments