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Synnovia (Plastics Capital as was) – trading statement; is a 10%+ forecast reduction really “broadly in line”?!
A (Top) hat tip (sorry!) to Chris Bailey re. mens formalwear retailer Moss Bros (MOSB), with he in March having noted serious corporate shooting yourself in the foot and suggested to look for offers from the company rather than buying the shares. The shares are lower, despite a half-year results announcement which included “early responses to the Autumn/Winter 2018 range across Retail are positive and product availability is good”…
Onto the more serious issue of the price action of Moss Bross, and it is can be seen that over the course of 2015 the shares have delivered a double top through 110p, not necessarily a big sell signal, but one which does ask us to look around for possible confirmation.
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