Marks Electrical (#MRK) – H1 adj. EPS down to 0.72p, DPS maintained at 0.30p, FY profit warning

Marks Electrical (#MRK) – FY adj. EPS down to 2.45p, DPS maintained at 0.96p, argues trading “momentum starting to pick-up”

Marks Electrical – “a fast-growing online electrical retailer”… growing much more slowly now?…

Describing itself as “a fast-growing online electrical retailer”, Marks Electrical Group (MRK) has issued a trading update including emphasising “proud of the revenue growth we have achieved of 16.9%, in a flat Major Domestic Appliances and a declining Consumer Electronics market”. Why then a currently down to below 70p share price?

Marks Electrical – profit warning, if I could spot the challenging consumer outlook why didn’t it?!

Previously on Marks Electrical Group (MRK), in November I wrote argues “strong first half trading period”, er what about the profit and forecast falls?! – concluding, even with the shares further down to 90p, with also a still challenging consumer outlook and a still above £94 million market cap I suggest the shares still an avoid/sell. Today a “trading update” from the self-described UK “fast-growing online electrical retailer”, so why are the shares significantly further down in response to 66.5p?!

Marks Electrical Group – argues “strong first half trading period”, er what about the profit and forecast falls?!

Previously writing on UK online electrical retailer Marks Electrical Group (MRK), last month I concluded that a trading update headlined “Continued trading momentum driven by premium next-day service offerings” was not what it seemed with the shares down to 103p. What then of the results for the six months ended 30th September 2023 with the same headline and the shares currently further down to 90p?

Marks Electrical – half-year trading update, ‘laser-focused to achieve full-year targets’… they including now-reduced earnings?!

UK online electrical retailer Marks Electrical Group (MRK) has issued a trading update headlined “Continued trading momentum driven by premium next-day service offerings”. So what of a current 5.5% lower share price response to 103p?

Marks Electrical (#MRK) – H1 revenue +24.8% YoY, though notes introducing own installation service and inflationary pressures impacted margins

Marks Electrical (#MRK) – four months to end-July revenue +31% YoY, also “started August well”

Marks Electrical (#MRK) – FY ahead of expectation, “positive trading momentum”

Marks Electrical (#MRK) – Q3 revenue +33% YoY, “on track” to achieve FY targets

Marks Electrical – interims emphasise “well positioned to achieve our full year targets”… the already-reduced ones

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?

Marks Electrical – states “confident of achieving our full year targets”…as paid-for researcher slashes forecasts. Hmmm!

Writing on UK online electrical retail group Marks Electrical (MRK) in August with the shares at 72p I concluded the macro conditions saw me question already the bottom-line impact and for how long revenue will stand-up, ahead of half-year update/results avoid / sell. Today it updates on its half-year ended 30th September, emphasising “Continued revenue momentum, leading to market share gains and robust cash flow generation”, and the shares have responded up...to currently 58.5p. So what’s the story now?

Marks Electrical (#MRK) – H1 revenue +15.1% YoY, confident of achieving FY targets

Marks Electrical – argues “strong trading”, but what about bottom-line financial specifics?

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?

Marks Electrical (#MRK) – four months revenue +13.7%, “very tough market back-drop”

Marks Electrical (#MRK) – Q3 to end-Dec revenue +27% YoY, but profit?