By Steve Moore | Thursday 7 July 2016
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 “unchanged” expectations at its 13th May AGM, Brammer (BRAM), which describes itself as “Europe's leading distributor of quality industrial maintenance, repair and overhaul products”, informed on 29th June of a “reduced level of profitability”, seeing that “the group will be close to its net debt/EBITDA bank covenant at the period end”. Now it’s “Directorate Change” ahoy! …
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