Enabling crime DOES pay – Weedy FRC ruling on Grant Thornton & David Newstead over Patisserie Holdings fraud
Previously writing on building products manufacturer Epwin Group (EPWN), in May with the shares at 107p I noted “indicators of consumer confidence strengthening”… but value here?. The shares last closed at 106.75p but are currently above 110p on the back of a half-year trading update. So what’s the latest?...
Self-styled “leading manufacturer of low maintenance building products, supplying the Repair, Maintenance and Improvement, new build and social housing sectors” Epwin (EPWN) is “pleased to report that trading in the year to date has continued to be strong… revenues for the first four months of the year… 9% ahead of 2019”. Why then are the shares still currently at 107p?...
Having been heading towards 85p at the start of June, shares in “manufacturer of low maintenance building products, supplying businesses in the Repair, Maintenance and Improvement, new build and social housing sectors” Epwin Group (EPWN) closed yesterday at 72.7p. Today a half-year trading update including “the board anticipates adjusted profit before tax for both H1 and the full year to be in line with market expectations” and “we have made significant strategic progress with new product launches, the continued reshaping of the group's footprint and the acquisition of PVS” – though the shares further lower towards 70p. Hmmm…
Epwin Group (EPWN) has announced results for the first half of 2017 emphasising as a first highlight “sound performance in challenging market conditions”. The shares have responded, er, currently approaching 4% lower to circa 70p…
From the same stable as Entu (DISGRACEFUL: having only IPO’d on AIM in October 2014, now “all of the proposals received attribute little value to the equity”), a “Half Year Trading Update and Notice of Results” announcement from Epwin Group (EPWN)…
In the case of Epwin Group it looks as though we can point to a robust near-term situation given the way that the stock is trading in the aftermath of a bear trap rebound.
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