By Steve Moore | Tuesday 10 March 2015
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.
Shares in glass fibre insulator Superglass (SPGH) currently trade approaching 20% lower today, at 3.25p, on the back of an announcement that “demand for the company's products remained subdued during the majority of the first half of the current financial year” and that it “expects to post an EBITDA loss of approximately £1.9m in H1” as well as that CEO Alex McLeod is to step down. The company does express “cautious optimism for the remainder of the financial year and beyond”, but is this justified?...
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