RE: No news8 Oct 2025 09:25
@DarkAnge
As a round-up... Released RNS Reads:
In preparation for the Group's year end results for the financial year ending 31 August 2025, a current financial review has identified an overstatement of around £30m of expected Headline trading profit1 in North America. This overstatement is largely due to the accelerated recognition of supplier income2 in the North America division.
WHSmith now expects Headline trading profit1 from the North America division for the financial year ending 31 August 2025 to be approximately £25m, down from previous market expectations of approximately £55m.
As a result, the Group expects full year Headline profit before tax and non-underlying items1 to be in the region of £110m.
The Board has instructed Deloitte to undertake an independent and comprehensive review.
After the above……………….
The share price went off a cliff…
I bought in with a large position
In September, I emailed investor relations to get an update and received a reply that the review is expected to be completed by mid-November…
So the share price is at the mercy of the shorters at the moment as they will be allowed to play their game before we can hopefully get moving north again..
Now you know pretty much as the rest of us 😁