Wincanton – “current year in line with market expectations”, but what about the outlook?
By Steve Moore | Friday 13 January 2023
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.
Logistics company Wincanton (WIN) has issued a “Q3 trading update” including emphasising “year-to-date, we have delivered encouraging revenue growth of 5.5% and the pipeline of new business opportunities continues to increase”. So what of a share price currently down 4% in response and the shares, now at 327.5p, down from above 370p as recently as November?
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