By Steve Moore | Saturday 13 June 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Having listed on AIM on 30th March this year, wind turbines technology company Windar Photonics (WPHO) announced results on 29th May including that “during the last financial year we have managed to meet our sales targets and are now well positioned in the current financial year, particularly in the Chinese market”. There is now however “a trading update based on the company’s performance during the first five months of 2015” which includes that “the directors anticipate that there will be a material revenue shortfall in this region (Asia) for 2015… this will have a consequentially material adverse effect on the group sales and losses for the current year ending 31 December 2015”. You what? …
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