Marks Electrical – interims emphasise “well positioned to achieve our full year targets”… the already-reduced ones
By Steve Moore | Tuesday 8 November 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.
UK online electrical retailer Marks Electrical Group (MRK) has announced results for its half-year ended 30th September 2022, emphasising “Continued trading momentum, resilient profit performance and strong market share gains” and that “acceleration of revenue growth in October and strong start to November leave us well positioned to achieve our full year targets”. So what’s the detail and what of a current 72.5p share price?
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