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Results: MRK

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EPIC MRK
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Marks Electrical – interims emphasise “well positioned to achieve our full year targets”… the already-reduced ones

UK online electrical retailer Marks Electrical Group (MRK) has announced results for its half-year ended 30th September 2022, emphasising “Continued trading momentum, resilient profit performance and strong market share gains” and that “acceleration of revenue growth in October and strong start to November leave us well positioned to achieve our full year targets”. So what’s the detail and what of a current 72.5p share price?

EPIC MRK
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Marks Electrical – states “confident of achieving our full year targets”…as paid-for researcher slashes forecasts. Hmmm!

Writing on UK online electrical retail group Marks Electrical (MRK) in August with the shares at 72p I concluded the macro conditions saw me question already the bottom-line impact and for how long revenue will stand-up, ahead of half-year update/results avoid / sell. Today it updates on its half-year ended 30th September, emphasising “Continued revenue momentum, leading to market share gains and robust cash flow generation”, and the shares have responded up...to currently 58.5p. So what’s the story now?

EPIC MRK
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Marks Electrical – argues “strong trading”, but what about bottom-line financial specifics?

A trading update from UK online electrical retail group Marks Electrical (MRK) emphasises “proud of the performance” and the shares have currently responded up to 72p. However, in November it was “pleased to announce the admission… to trading on the AIM market… delighted to welcome our new shareholders”...at 110p per share. So what’s the trading situation now?

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