Film financier FFI Holdings (LON:FFI) warned that a poor H2 would impact profits to the tune of $6m in the FY19 accounts. The share price declined another 40% in early trading: This does not show the whole picture and it has been a rather disastrous downturn for the company. It IPO’d in 2017 at a… Read More »
Shares in Telford Homes (LON:TEF) fell 15% today as there was a trilogy of notable events for investors: a trimming to full-year forecasts, a profit warning for years ahead, and a change in strategy. The share price reaction was kind, and arguably a lot of the news has already been baked in: Despite the company… Read More »
An already tricky year for Ted Baker (LON:TED) today got a little worse as the fashion retailer warned on 2019 profits. The share price movement was a little bit restrained and fell 15%, but we are still above the level reached upon ‘hug-gate’: Most people would be aware of Ted Baker – a high-end British… Read More »
Media publishing company XLMedia (LON:XLM) today issued a strategic update which had bad effects for profits for the next year: a change in strategy to move away from lower margin markets will be reducing both revenues and EBITDA. The share price immediately declined: In truth, this does not show the full picture, and the share… Read More »
Financial derivatives trader CMC Markets (LON:CMCX) today issued a trading update warning that revenues of some of its products, namely spreadbets and contract for difference (CFD) trading would be lower than initially anticipated. The share price immediately fell: This comes as no surprise, as the markets hate mid-day warnings. There is no good reason for… Read More »
Online property agent Purplebricks (LON:PURP) today suffered a near 40% drop in its share price as it revealed today in a trading update the departure of two members of senior management alongside a significant revenue miss. The drop in share price was immediate today: Amazingly this does not tell the whole story. In 2017 the… Read More »
Cleaning product manufacturer McBride today announced a rather benign update in which rising costs were blamed for a fall in profits, which was estimated to be around 10-15% in the financial year. The markets reacted fairly badly to this, and in early trade the share price tumbled by 30%: McBride is not a name familiar… Read More »
Ventilation systems specialist Titon Holdings (LON:TON) today produced a rather vague update which warned that profits in its South Korean operations would be materially lower than anticipated. The markets took the predictable route out, and the shares were marked down over 30%: a very costly RNS: However, this has been a rather good micro-cap stock… Read More »
Management consultancy WYG (LON:WYG) today issued up one of the worst profit warnings this year, forecasting both lower targets and imminent missed covenants. And if this wasn’t bad enough, this was released during office hours at 2.30pm. The share price reaction was volatile, with the price dipping to 14p at one point. By the close… Read More »
A profit warning came today from one of the better performing companies in the market: Plus500 (LON:PLUS). Fuelled by the cryptocurrency boom, they have been growing at a stellar pace, and even though the results were good on paper, the cut in outlook decimated its share price today: The share price moves in this share… Read More »