5 May 2016 – agm statement
The company has announced that like for like sales are marginally negative for the first 18 weeks of the year. More importantly, there has been progress with regards to a significant review of the company and how it operates. Two new heavyweight non-executive directors have been named and a new Chief Executive Officer should be unveiled soon. The results of the review are expected in the near future and we feel that this could be a positive development. The shares are a BUY.