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.
Shares in Distil plc (DIS) traded more than 20% higher, at just over 1p on Friday, on the back of an update that “we remain confident for the fourth quarter of the financial year and expect full year performance to be in line with the board's expectations” and a rare placing at a premium.
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Comments
turbograndad
Was in here, but got investor fatigue, far too crowded and competitive market place, with the likes of Morgan, and Bacardi, on the rum side, will always be on offer to get sales, and reduced margin. Some how expected the placing, too much of a little fish, in a big pond, GLA.