Trading update21 Jan 2014 14:34
great call billytk - always worth checking for a delay in an RNS relative to the same point in the calendar the previous year. Having said all that I have topped up at 79p as I think the fall is overdone. The company has reaffirmed profit and cash projections, and the fall in revenue is a pricing issue vis a vis competitors because of a weaker yen. This could easily reverse in future months. This Is a competitive industry, but PUR are doing well, and I am impressed that they are delivering upgrades to factory capacity to time and budget. I wonder if the midday RNS has triggered some automatic stop losses, and so the fall is overdone?