By Steve Moore | Thursday 16 February 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.
I wrote on TPXimpact (TPX) at the end of last month; I having stated ‘good luck’ on even its previously-downgraded outlook, now another trading warning (and worse!). That “worse” was it having to ‘actively engage with its bankers’ with it “unlikely to satisfy its debt covenants at 31 March 2023” and I concluded that despite a slump to a below 30p share price still avoid / sell. The shares last closed at 24.25p and now… a “LTIP, PDMR Dealings & Retention Award”-titled announcement!
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