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Christie – interims, transactions delays or not?…

Writing last month on Professional & Financial Services and Stock/Inventory Systems & Services group Christie (CTG) with the shares falling towards 117p I concluded that the trading performance and outlook suggested to avoid. The shares most recently closed at 110p and what of them currently falling below 100p, a £26 million market capitalisation, on the back of results for the first half of the 2023 calendar year?

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Christie (#CTG) – H1 swing to loss, DPS 0.5p, “anticipate an improvement in transactional volumes by the end of Q3 and into Q4”

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Christie – ‘not indications of lacks of intent to proceed with instructed transactions’, or is there?...

A few months ago Professional & Financial Services and Stock/Inventory Systems & Services group Christie (CTG) stated “deal congestion and other factors” meant that it believed its full-year performance would be further second-half weighted but that its “expectations of trading for the full year to 31st December 2023 remain unchanged”. What then of today a “trading update”?

NEWSFLOW

Christie (#CTG) – deal delays, “now expects full year performance to be materially below previous expectations”

NEWSFLOW

Christie (#CTG) – business transactional times “elongated”, notes revenue to be second-half weighted

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Christie (#CTG) – continuing recovery, “expect further progress once our remaining hospitality markets fully re-open”

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Christie Group – shares rising on trading update, but recovery value?...

A “Post close trading update” from professional business services group Christie (CTG) and the shares currently, at 95.5p, approaching 10% higher in response. Is there recovery value?...

NEWSFLOW

Christie (#CTG) – “approximately 50% of our expected revenue was lost from our first half”, “it is early days, but we are on track with rebuilding”

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Christie (#CTG) – trading & financial update, “do not anticipate being profitable this year”

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Christie Group – 2:25pm (and thus clearly unscheduled) “Trading Update”. Hmmm…

A 2:25pm - and thus clearly unscheduled - “Trading Update” from professional business services and stock & inventory systems & services group Christie (CTG). Hmmm, not usually good news…