The market had been pricing in considerable downside risk in our view, and todays update should therefore come as a major relief and trigger a bounce in the share price. BWNG is on track to meet expectations, and is well placed to deliver future growth and significant cost savings, albeit phasing will shift slightly today due to F4F project timing. Some had their doubts about changes to the strategy, but today’s figures underpin the strategic improvements and should gain support today. Given the ....
21 Jan 2016
Solid performance indicates strategy starting to derive benefits
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Solid performance indicates strategy starting to derive benefits
N Brown Group plc (BWNG:LON) | 14.2 0 (-0.5%) | Mkt Cap: 65.7m
- Published:
21 Jan 2016 -
Author:
Matthew McEachran -
Pages:
3
The market had been pricing in considerable downside risk in our view, and todays update should therefore come as a major relief and trigger a bounce in the share price. BWNG is on track to meet expectations, and is well placed to deliver future growth and significant cost savings, albeit phasing will shift slightly today due to F4F project timing. Some had their doubts about changes to the strategy, but today’s figures underpin the strategic improvements and should gain support today. Given the ....