Nervousness ahead of today’s update and fear of Brexit has driven a 30% slump in the share price over the last 2 months and the stock is at its historical 10-year low (35% discount) on a sector relative P/E basis. Given a reassuring press release this morning, namely reporting flat trading (which is better than expected) and unchanged guidance for the full year, this ought to result in a relief bounce. The market is well versed in the various issues (unseasonal conditions, investment in margin, ....
16 Jun 2016
Relief bounce expected on satisfactory Q1 and unchanged guidance
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Relief bounce expected on satisfactory Q1 and unchanged guidance
N Brown Group plc (BWNG:LON) | 14.4 0 0.0% | Mkt Cap: 66.6m
- Published:
16 Jun 2016 -
Author:
Matthew McEachran -
Pages:
4
Nervousness ahead of today’s update and fear of Brexit has driven a 30% slump in the share price over the last 2 months and the stock is at its historical 10-year low (35% discount) on a sector relative P/E basis. Given a reassuring press release this morning, namely reporting flat trading (which is better than expected) and unchanged guidance for the full year, this ought to result in a relief bounce. The market is well versed in the various issues (unseasonal conditions, investment in margin, ....