Commercial floor coverings-focused Airea plc (AIEA) has issued a “trading update” headlined “Solid trading in challenging market conditions and positive outlook”. So what of a current share price response to 25p, down approaching 14%?
Floor coverings company Airea (AIEA) states it “is pleased to announce the appointment of Mederic Payne as Chief Executive Officer”, emphasising he “is an experienced business leader with a strong background in multinational home improvement retail and wholesale”. Following also half-year results from the company last month, what’s the situation here now from a 28.5p share price?
Previously writing on floor coverings company Airea (AIEA), in March 2020 with the shares at 39p I concluded that there looked value potential but I’d want to see turnaround of the profit direction before considering from the watchlist. With the shares having last closed at 27.5p, what about the first half of this year?
Previously writing on floor coverings company Airea (AIEA), on interims in August with the shares heading down towards 40p I concluded the suggested pace of the recent trading deterioration and self-admitted “challenging” present outlook currently see me continue to avoid. The shares having previously closed at 38.5p, now 2019 results…
Towards the end of June I concluded on commercial floor coverings company Airea (AIEA), 55p, capitalising the company at circa £23 million… suggests potential value… but the apparent pace of the current decline concerns. Half year results are scheduled for 2nd August but, ahead of any more insight there, currently I’d sell / avoid. We now have the results – and the shares are currently down towards 40p in response…
An 07:41am “Trading update” from floor coverings company Airea (AIEA). Hmmm – a difficult sector currently and a rushed ‘update’?...
