Walker Greenbank (AIM:WGB) – luxury products, cheap valuation?
The Group’s luxury product offering is not evidenced in its seemingly cheap and cheerful valuation?
The “luxury interior furnishings group” whose brands include Sanderson, Morris & Co., Harlequin, and Zoffany issued a reassuring AGM update today but on closer look the shares look modestly valued.
While its’ clear the shares have had a good run over the last few months the current multiple of only 7.5x current year estimates looks mighty cheap.
Is there a fear of problems lurking in the luxury world and a slow down in the Group’s…
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