Previously writing on ventilation systems and window and door hardware company Titon Holdings (TON), in February with the shares at 80p I noted it’s further margin pressure ahoy and continue to avoid. The shares last closed at 90p but, on the back of results for its half-year ended 31st March 2022, are currently down to 75p.
Previously writing on ventilation systems and window and door hardware company Titon Holdings (TON), in December with the shares at 107.5p I noted full-year trading improvement, but what’s the outlook?. Now a “trading update” and the shares, having last closed at 100p, are currently at 80p!
Previously writing on ventilation systems and window and door hardware company Titon Holdings (TON), last month with the shares at 109p I concluded that the numbers suggest the shares of potential interest but, ahead of the full-year results with the boardroom flux, only on the watchlist. Today the full-year results, and the shares currently down to 107.5p...
Ventilation systems and window and door hardware company Titon Holdings (TON) announced in September that non-executives Bernd Ratzke and Kevin Sargeant had given notice of their intention to step down, noting that it “is going through a transitional period following the appointment of Mat Norris as CEO. Matt has settled in very well and will lead the group in the next stage of its development to drive growth in all of our businesses”. Today... “Chief Executive Officer resignation”!
Having previously updated in December including “we continue to face political and economic uncertainties which have contributed to a challenging first two months of the fiscal year”, though with “our business model is robust”, now an “AGM Statement” from ventilation systems and window and door hardware company Titon Holdings (TON) – and the shares currently at 87.5p, more than 20% lower…
