ShareProphets : tidm

Focusrite – “Trading Update” not right for investors, and outlook still wrong?

Music and audio products company Focusrite (TUNE) has issued a “Trading Update” announcement commencing, “The challenging market conditions highlighted in January's AGM statement have continued throughout February and into March”. But that, surely, was to be expected? Er, the shares are currently at 270p, down approaching 30%?!

By Steve Moore | Published 2024-03-18 11:35:37 |

Recent Comments

EDDIEB10029 Oct 2026

Good article! I fear you’re right.

Bet the ranch on a short, win a Greek Hovel Holiday – entry No 10: Gordon Gecko on Lloyds

TOM29 Oct 2026

yes several times, Eldest son now going very frequently as well

The cross dressers at Baker Street jump on the anti semitism bandwagon as they defame me and Kefi

MICHAEL MCKENNA29 Oct 2026

Tom, have you been to Israel? It's obviously not necessary to have visited to have a view about Israel. I'm just curious about the back story of your support. I declare an interest, my partner is Jewish and I have been there many times and also have done business there. My partner's family hold very conflicting views about Bibi.

The cross dressers at Baker Street jump on the anti semitism bandwagon as they defame me and Kefi

NEMESIS229 Oct 2026

Suggest not taking this too seriously. Tom clearly has history with these 'ladies' and there may be other correspondence we have not seen. I smell a hoax!

The cross dressers at Baker Street jump on the anti semitism bandwagon as they defame me and Kefi

NEMESIS229 Oct 2026

Who knows where the gold price will be if and when Kefi start to produce gold. My concern is that if you go back through the RNS over the past years things never seem to work out as forecast. If each stage of the relaunch has to be completed before the next can start, which was my reading, progress will make snails look fast.I would like to see documented proof of the loan terms and drawdown conditions. If I recall correctly Tom did write to Harry about this with no reply. Afraid that I did have dealings with African banks on behalf of clients in the past and my rule was that if you shake hands on a deal count your fingers afterwards. The £5.7m bank fee in the interim cash flow still concerns me, what was this for. Western banks add fees on drawdown, advance fees make me nervous. I would not buy until the main contractors are back on site and the loan monies are in the bank even if this means paying more.

Bet the ranch on a short, win a Greek Hovel Holiday – entry No 9: Reader P on Kefi