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Results: EMAN

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Everyman Media – argues 2022 “strong performance”. Er, really?

Previously writing on cinemas group Everyman Media (EMAN), in January with the shares up to 90.5p I questioned how ‘pleasing’ a trading update was and concluded to avoid. The group has now announced results for its year ended 29th December 2022, including “pleased to report that 2022 was a positive year for the business, with financial performance ahead of management's initial expectations”. So what of a current below 65p share price – down further on the results announcement?


Everyman Media – after prior directorship confusion, another “Directorate Change”

In March this year Everyman Media Group (EMAN) was “pleased to announce the appointment of Jeremy Summerfield to the board as Chief Financial Officer, on or before 1 July”. Towards the end of June though it announced that he “will no longer be joining” and promoted finance director who joined in early May, Will Worsdell. Now it has announced Executive Chairman Paul Wise is “to step down from the board to pursue other interests”. So what’s the overall situation here?

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