From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Studio Retail Group – hopefully my warning of “funding crisis ahoy” last month was heeded as now it’s ‘Intention to Appoint Administrators’!

By Steve Moore | Monday 14 February 2022


Disclosure: I own shares in one or more of the stocks mentioned. 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.


At the end of last month despite Studio Retail Group (STU) stating “expectations for Adjusted PBT for the full year are now likely to be in a range of £28m to £30m” and CEO Paul Kendrick that “we will continue to drive the long-term profitability and success of the group”, I noted profit is a matter of opinion and it’s funding crisis ahoy. Should the management even all be in place to even have the chance to “drive the long-term profitability and success of the group”? I’ll review again on further developments but, at this juncture, natch avoid / sell HERE. Now there are further developments… shares suspension and “Notice of Intention to Appoint Administrators”!

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

ANP

Anpario – a recovery Buy?...

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

Time left: 15:27:17