Inspecs – sharp order book deterioration, argues still “well placed” but is it really?
By Steve Moore | Thursday 27 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.
‘Eyewear and lens’ design and manufacturing group Inspecs (SPEC) commences a trading update with that “On a constant currency basis, the group has seen sales growth across Europe, UK and the US… as well as in the group's manufacturing businesses in Vietnam and China” and also argues that it “continues to increase its market share”. So why are the shares currently down to 52.5p on the announcement?, a more than 50% fall!
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