Shares in professional business services group Christie (CTG) had recently recovered from 95p to 110p, but what of them currently back down below 100p following a latest “Trading Statement”?
Previously writing on professional & financial services and stock & inventory systems and services group Christie (CTG), in October with the shares down to 97.5p I noted it stating recovering transactional pipelines but that such pipelines require to be materially net cash generatively converted to really be useful and, with the macro uncertainty, to continue to avoid. What then of today a “trading statement” commencing that “as anticipated, invoicing levels have improved markedly since the end of the summer period and as such the group expects to report an improved second-half performance on that achieved in H1”?
Christie Group (CTG) has issued a “trading statement” commencing that it “is pleased to report a return of more normalised levels of exchange and invoicing activity in its agency and advisory business, Christie & Co, following the end of the summer period… The improved invoicing level is anticipated to continue for the remainder of the year”. So what of a share price currently 2.5% lower at 97.5p in response?
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?







