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.
Previously on company describing itself as “a social entertainment powerhouse with a focus on young adults” LBG Media (LBG), in February with the shares falling below 85p I concluded its earnings outlook and the clear consumer/macroeconomic risks to it suggested to still avoid. The shares most recently closed at 35p and what about them now falling further on the back of the company’s half-year results?
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