This company is a British retailer specialising in products for mothers and children.
Not a lot of chat on this which I always see as a good thing.
Mothercare went through a painful restructure already. Recent years also had covid and Russia impact.
Now with China reopening and it’s a country where they have the 3rd most stores, I think they could get a decent bounce. Much better to play the China reopening story than getting involved in Chinese companies which is saturated.
India and Malaysia already had good sales after covid restrictions relaxed.
Franchise model also makes it easier to scale quickly.
Positive FCF, net debt reducing, reasonably clean balance sheet, positive earnings.
Could be a bagger.