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Tribal Group – following previous updates, it’s quelle surprise… the news is dire!

By Steve Moore | Monday 19 October 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.


Having announced in May that “Keith Evans has informed the board of his intention to retire and step down from his role as Chief Executive” and that “our profits in 2015 are expected to be strongly weighted towards the second half of the year” and updated in August that this was partially the result of “changing software customer buying cycles and software implementation programme profiles, which we believe are likely to become a long-term feature in our markets”, it was guessable somewhat what a “trading statement” today from Tribal Group (TRB) has delivered…


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