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Poundland Fundamentals (PLND)

Out for a tiny loss, like watching paint dry. Results were awful, never understood the concept. If Steinhof don't make a bid their credibility less than zero. Read they have until 13th July to make a bid or not, a lot can happen between now and then.

Poundland's woes started with the competition commission wanting something to do.

Then PLND made things worse by lack-lustre integration of another business nearly their own size.
Add-in the gradual slow-down in foot-fall ( Esp. when wet!) and you can see that PLND profits are likely to be hit.

Was that sp realistic at £3...? possibly not - that's was when I bought and it's halved. But still the shop is "good value" for customers and whereas Woolworths expected a per-visit spend about £3, PLND is probably £10 . . . allow for inflation that's still double . . . .

Poundland does sell tech-items "over £1" - but they are keeping that very quiet, to avoid a big-rush..... look at their Website.
EDIT (13July2016)- Seems now Dirs think 222p is a fair-price to bail-out. Huh! So why did we need expensive new CEO to manage the phones?