By Steve Moore | Monday 14 December 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.
Even on a 19th October profit warning seeing shares in software and services for education management group Tribal (TRB) down more than 35% at sub 80p, I concluded that the shares still looked to be one for the bargepole as no earnings visibility + debt (£23.1 million on the half year stage balance sheet) = toxic; see HERE. A further announcement today entitled “Trading Update, Rights Issue and Move to AIM” sees the shares currently down a further 25p at below 30p…