Marshalls – “in-line with current market expectations”, but for how long does that mean?
By Steve Moore | Thursday 19 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.
Landscape, building and roofing products manufacturer and supplier Marshalls (MSLH) has issued a trading statement commencing that “revenue for the year ended 31 December 2022 was £719 million (2021: £589 million)” and including that it “expects to deliver adjusted profit before tax for the full year that is in-line with current market expectations”. The shares have currently responded up to around 325p, but why still far below the 500p+ of even last summer?
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