Finweek English Edition - - INVESTMENT -

strong in­vest­ment case. One point in Hold­sport’s favour, though, is a new re­tail dis­tri­bu­tion cen­tre, which should add some ef­fi­ciency and profit mar­gin, but I want to see the ev­i­dence first. a good-look­ing com­pany, but fif­teen times smacks of a bub­ble, and cer­tainly we’ve seen a prop­erty-list­ing boom and per­haps this marks the top of the bub­ble. I didn’t sub­scribe for the shares and don’t plan on buy­ing any when it starts trad­ing.

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