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”!
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