Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
Having sprung to prominence in February on announcing that 2014 results would “be substantially below market expectations” (as well as a proposed related-party property transaction which looks of questionable fit to the company – see HERE) after having announced the prior month that the results would be “in line with market expectations”, I have warned on three separate occasions on AIM-listed housebuilder Mar City plc (MAR) – previously concluding that “this is an almighty mess and I look forward with interest to seeing the nominated adviser willing to take it on”. Today we have an, at least short-term, answer…
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