In November update the effusive CEO stated that Xmas bookings were 12% ahead of previous year..Today the same guy said revenue was actually 4% ahead of last year
Markets seem unconvinced by this latest statement.. Market makers marked the shares up on the news but no real buying momentum to give further upside to SP
Agile..it's large sell,being dribbled out bit by bit..offbook...So not visible as an open trade..You don't sell such large amount ,one day beforehand,unless you got wind of negativity in trading update
Woolfman...you conveniently left out the extra tax burden of £65m coming up in next years figures..This effectively means that evokes plc cannot service it's interest on the debt pile..It is essentially bankrupt...No takers for any parts of the company???? A complete sale is ridiculous as no sane entity buys a company £1.8B in debt with earnings reduced by £65m
Lawdoc...when's company accepts a low ball offer, it nearly always means they accepted because they anticipate a long tough year ahead of trading with no meaningful recovery in short to medium term..If future prospects were good they would hold out for much more or even stay in independent
Truly dreadful set of figures today with CEO desperately trying to paint over the cracks... The online problems date back to September and still are not fixed..The sales increase is paltry,and probably down to price increases....As a previous commentator mention in mid December,the shelf's were empty of stock in the stores with still two weeks of Xmas shopping to go... Competition is very fierce in this area...It's a sell all day lon
It effectively is a mild profits warning.. Analysts have already downgraded their forecasts this morning..Next year's profits will be flat..The shorters seem to have got It right