By Steve Moore | Thursday 31 March 2016
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.
Online retailer of major domestic appliances, AO World (AO.) has updated that its “UK business performed strongly during the fourth quarter with revenue and EBITDA ahead of our expectations” and that also “European adjusted EBITDA for the full year will be slightly better than expected”. This has helped the shares currently more than 5% higher to 182p - but wait, they were over 300p little more than a year ago. Hmmm...
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