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Connect Group – “materially” below profit warning… after an outlook “unchanged” just six weeks ago!

By Steve Moore | Wednesday 13 June 2018


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.


Last year, after an April results announcement, Connect Group (CNCT) updated on trading towards the end of July. This year, with a results announcement on 1st May – when it was also announced that “Chief Financial Officer, David Bauernfeind, has decided to step down from his role and the board to pursue a new opportunity”, a further “Trading Update” already. Uh oh…

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