10 June 2014 – AGM statement
Revenue for the 22 weeks to 31 May 2014 was up 26% year-on-year. In the sports, leisure and toys business, revenue for the 22 weeks was approximately 62% ahead of the same period last year, which is exceptional growth for such a mature business. Bicycles and accessories revenue was approximately 6% ahead of the same period last year. This is perhaps a little lower than expected but overall growth of 26% is commendable. With the Tour de France visiting Yorkshire we feel that there will be further interest in cycling and this should see greater attention from potential investors. The shares are tightly held and any buying interest will see the price move higher. BUY.