Bonkers value of the week: Ramsdens and Quiz
Our bonkers valuation of the week strikes a more positive tone on this occasion, covering two companies whose valuations now have evident appeal. With AIM experiencing a period of indiscriminate and sometimes irrational selling, it’s a good time to look for bargains.
Like many businesses exposed to the tortuous UK high street, the share price of ‘omni-channel’ (who conjured up that ridiculous term) fast fashion retailer Quiz (AIM:QUIZ), has taken a beating over the past few months. Its October profit warning and collapse of House of Fraser (where it had concessions) certainly haven’t helped sentiment, but the stock market appears to have ignored Quiz’s rapidly growing online business. What’s more, the stores business isn’t quite as…
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