IS THERE ANY HOPE FOR JESSOPS AFTER THE STOCK NOSEDIVE?
KEITH BOWMAN HARGREAVES LANSDOWN
“It’s a difficult place to be and the group’s £60m debt position has made life particularly difficult for it. Competition from online retailers has also dented the group’s trading. Yesterday’s comments from the board on the value of shares obviously provoked aggressive action from shareholders.”
NICK BUBB PALI INTERNATIONAL
“The group has suffered a long saga over its refinancing and has been on the brink of going under for some time. I think it will survive in some form in the future, otherwise the money the bank has already invested will be lost completely. There should be room in the market for a decent specialist.”
AM HART CHARLES STANLEY
“The stock has become a penny share over the last 18 months. It has been on its knees for ages and it comes as no surprise that the board has been forced to issue that statement. The business model is broken and, if the business does topple, shareholders will lose everything.”