Broker comments5 Jan 2019 10:15
As a result, analysts slashed their target price to 500p from 1,000p while cutting its pre-tax profit forecasts for 2019 by 69% to £0.8mln.
“It is difficult to see the shares coping terribly well with the downgrades, even if the policy of prioritising winning market share is well known, and it may take a couple of solid earnings prints to reassure investors that the margin picture has truly stabilised.”
Could take some time confidence severely knocked....