Made.com Group plc

Isolation

  • Sectors : Disruptive Technology
  • Companies : Made.com Group plc

Ratings and price correct at time of issue.

  • Made.com Group plc

    Closing Price: 15.0p

  • RATING 26/07/22

  • PREVIOUS RATING N/A

DAVY VIEW

MADE.com Group (MADE) has a compelling online furniture and homeware proposition, but the offer has been hamstrung by supply chain disruption. Where we are in the economic cycle is clearly not going to be good for business. A June 2021 IPO at 200p, MADE has had a short but troubled track record of disappointing prints which, together with the CEO and CFO departures, has crushed investor confidence. This is a good business, but we initiate with a ‘Neutral’ rating and a 30p price target.

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Jul 26 2022, 16:40 IST/BST

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