Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Having previously futilely attempted a ‘no one watching o’clock’ profit warning (sorry, “Trading update”), UK business IT and communications service provider, Alternative Networks (AN.) has now updated with what it reckons are “a number of positive indicators” - and so also at a more conventional hour, natch…
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Comments
James
Steve,
I noticed a rally in the shares in early trading, that was perhaps a relief rally in that no further bad news was rolled out at the time of this trading update. It looks like this rally has now subsided.
Interestingly, I do note that the forward dividend rate is 6% based on the present share price, and I assume that the board have enough data in their hands to feel confident in reaffirming the progressive dividend plans as they did today. Would you add any comment with regard to this, save for continued caution until interims are published?