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 earlier this year gone from “positive performance in revenue & profit” to group contribution margins “lower”, Zamano (ZMNO) stated in late August half-year results “we anticipate an improvement in operating performance during H2 2016 thanks to H1 advertising spend and continuing strong UK sales performance”. Now, it's updated that this anticipated improvement “will not be achieved”. And there’s worse...
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