A rather surprising update comes today from Stoke-based ceramic specialist Portmeirion (LON:PMP) as a profit warning comes out on the back of international problems, specifically Korea. Shares are 25% down in early trade: Portmeirion have been a bit of a success story in recent years, so this warning is surprising to say the least. Unlike… Read More »
Funeralcare provider Dignity (LON:DTY) suffered a blow this morning as a lower number of deaths than anticipated in the first half of the year has meant unless there is a recovery in the second half, profits will miss expectations. The share price slipped by a morbid 6.66%: Bad news has affected Dignity for some time… Read More »
Shares in digital audio specialists Frontier Smart Technologies (LON:FST) halved today as it cites several factors for a reduction in revenues and profits. The share price immediately reacted: This has been really a latest in a long series of declines for this company. Checking back through the history is fairly illuminating. Last year it put… Read More »
Share in touchscreen manufacturer Zytronic slipped by almost a quarter today as a trading update revealed that a slowdown in the conversion of interest to ordered had slowed, mainly due to its Gaming sector. The share price reacted heftily: There are perhaps several reasons for this. The profit warning was in quite couched terms –… Read More »
Gift card and incentive retailer Park Group (LON:PARK) today slipped to a profit warning as new accounting regulations mean revenues are deferred. Considering that this may only be a simple case of recognition in a different period, the market has reacted strongly to this and the shares were down 11%: We can note that this… Read More »
Infrastructure provider Nexus Infrastructure (LON:NEXS) today put out a profit warning in a trading update as it revealed that ongoing issues in its Tamdown department would ‘materially’ affect profit this year. The share price fall was in the region of 30% in early trade: There are several interesting aspects to this. Firstly, Van Elle Holdings… Read More »
Here is an oddity: a company can warn on profits, yet its share price goes up instead of tanking. That’s what happened today to Van Elle Holdings (LON:VANL). In early trading it might have seemed like a familiar pattern might emerge, but there has been a remarkable comeback: Given the low of 42p in early… Read More »
Shares in Laura Ashley Holdings (LON:ALY) today dropped to a new all-time low as a fresh profit warning spooked investors. The damage has been done here over a number of years. Today’s warning might have had a fearsome impact on others, but the effect here was relatively benign. That will of no consolation to holders,… Read More »
Shares in housebuilder/constructor Galliford Try (LON:GFRD) tanked 25% on Tuesday as further problems to its construction projects has meant cost overruns eat into profits. The share price action was immediate and sustained: As in common with many companies offering profit warnings nowadays, this does not show the extent of the destruction of value for shareholders,… Read More »
Business brokerage and financial services group K3 Capital (LON:K3C) shares dropped today as it released a trading update trimming its expectations for full year profits. The share price tanked 20% on open, but this does not tell the full story: As we can see from the chart, the share price has been tanking for some… Read More »