Tom Winnifrith Bearcast: Fragrant Prosperity. It's 'avin' a Turkish, more like the sickly smell of weed
July-announced results from interior decorations group Colefax (CFX) emphasised “exceptional performance from the Decorating division” and “continued growth in the core US market should underpin the group's expected performance in the current year”. Today an AGM statement commencing “since we announced our year end results in July the group's sales have performed in line with expectations”. Good news then?...
It is relatively easy to see from the daily chart of Colefax Group how the shares have been in an overall bull trend for well over two years. The real issue though is how far and how fast further progress may be achieved?
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