Further to recent guidance that timing of order placement has become increasingly difficult to forecast, the group has seen a material decline in trading in August as the impact of the lower activity in the global oil & gas sector catches up with Rotork, suggesting the “late cycle” nature of group earnings.
18 Sep 2015
Profit warning = buying opportunity
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Profit warning = buying opportunity
Rotork plc (ROR:LON) | 327 2 0.2% | Mkt Cap: 2,815m
- Published:
18 Sep 2015 -
Author:
Ben Thefaut -
Pages:
3
Further to recent guidance that timing of order placement has become increasingly difficult to forecast, the group has seen a material decline in trading in August as the impact of the lower activity in the global oil & gas sector catches up with Rotork, suggesting the “late cycle” nature of group earnings.