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Mar City – the fiasco to continue for the self-styled “most successful growth market in the world”?

By Steve Moore | Wednesday 29 April 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.


AIM-listed housebuilder Mar City plc (MAR) sprung to prominence in February with, having in January reported “profit before tax for the year to 31 December 2014 in line with market expectations”, it announcing that the results would now actually “be substantially below market expectations” as well as a proposed related-party property transaction which looks of questionable fit to the company - see HERE. The fiasco has since worsened further…


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