date:Oct 24, 2012
M, assuming an effective Christmas 2012 campaign; as the company states, Christmas is an important trading period for the company.
Shore estimated a current pre-tax profit of 67M after 21M of restructuring costs. But continued cost savings could lead to a upgrade.
Rating expansion
Shirley and Black retained their Hold advice, commenting: In a competitive supermarket segment, we will retain the luxury of watching and waiting, although for the more brave, Premier may be closer to rating expansi