The AGM has some red flags that I have seen before, those...

The AGM has some red flags that I have seen before, those classic words "difficult trading conditions" and expecting things to pick up in the second half, which in my experience is wishful thinking. But Godfreys operate in a less competitive niche to DSH.

I don't hold but am watching closely to see earnings after this half and then see if they turn it around full year. Hopefully results will be reasonable and they will have gotten cheaper in the meantime.

I doubt they will go broke unless things get really bad, they are still producing decent earnings and aren't that heavily leveraged.