CT Automotive Group – from “excited by the opportunities ahead” to profit warning in less than 8 months. ANOTHER AIM IPO Roll-Call of Shame
By Steve Moore | Monday 15 August 2022
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.
Describing itself as “a leading designer, developer and supplier of interior components to the global automotive industry”, CT Automotive Group (CTA) has issued a trading update headlined “Revenues ahead in H1, production recovery gaining momentum”...and the shares have responded to currently 115p, more than 22% lower! So what’s going on?
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