UK online electrical retailer Marks Electrical Group (MRK) has announced results for its half-year ended 30th September 2022, emphasising “Continued trading momentum, resilient profit performance and strong market share gains” and that “acceleration of revenue growth in October and strong start to November leave us well positioned to achieve our full year targets”. So what’s the detail and what of a current 72.5p share price?
A trading update from UK online electrical retail group Marks Electrical (MRK) emphasises “proud of the performance” and the shares have currently responded up to 72p. However, in November it was “pleased to announce the admission… to trading on the AIM market… delighted to welcome our new shareholders”...at 110p per share. So what’s the trading situation now?