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

By Steve Moore | Tuesday 11 October 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.

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 currently 58.5p. So what’s the story now?

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