Potential Buying opportunity or any dodgey IPO, page-6

original holders still in but to be honest the company overpromised and has underdelivered. their first year after ipo was full of tricks as they got a large tax benefit and then this half has been very poor with no growth despite store numbers climbing. Too much competition eroding margins and weak cashflow. To be honest pretty average company which promised more and underachieved.

Not biased or anything as i currently have a holding in this and down a fair bit.

Probably value to be had at this price right now but not a huge amount as there is no growth and i dont see any growth in future either as their business model isn't rocket science. Too easily replicated with low barriers to entry.

Other retail businesses like greencross at least a very niche and run specialised vet services which continue to grow revenue godfreys has nothing special going for it， selling vacuum just doesn't make investors drool over it too boring as well.