Ten Lifestyle – update “as expected on a group-wide basis”… Or not?...
By Steve Moore | Saturday 7 March 2020
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.
‘Travel and lifestyle service’ group Ten Lifestyle (TENG) has updated commencing “adjusted EBITDA is expected to be breakeven, in line with the board's expectations and a significant improvement on adjusted EBITDA loss of £2.5m in H1 FY19, with continuing improvements in operating cost efficiencies”… the shares, having already fallen from approaching 130p last month, have currently responded towards 78p – a further approaching 6% lower…
You must be a registered member to read this story
ShareProphets is reader-supported journalism
Join us for free and gain access to three articles per month
Or become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.