Yet another time I should have come to Strawman and read before writing a straw. Putting thoughts into words does help with the thinking though so you still get this one but be sure to read Strawman thoughts below.

Not held, but this is one I keep hearing about, so on the back of their trading update released this morning I thought I’d look. Stating the obvious, the market hated it with shares finishing the day down more than 20%, but why?

It appears lockdowns and supply chain constraints do have real world impacts. They point to costs of retaining staff during mandated store closures and good on them for that, but what a tough place to be.

In December they acquired Focus on Furniture which was a sensible pickup in my viewpoint. It has yet to add much to the sales estimates (around 5% for less than a month of ownership). This is similar to that in H1 and a major improvement from H1 FY20.

At least two of the board were buying in December and today's announcement points to a positive message on executing against plan. After today's fall it is looking attractive, however, the sector sentiment concerns me. On the watch list only for now.