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Everyman Media – argues 2022 “strong performance”. Er, really?

By Steve Moore | Wednesday 12 April 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.


Previously writing on cinemas group Everyman Media (EMAN), in January with the shares up to 90.5p I questioned how ‘pleasing’ a trading update was and concluded to avoid. The group has now announced results for its year ended 29th December 2022, including “pleased to report that 2022 was a positive year for the business, with financial performance ahead of management's initial expectations”. So what of a current below 65p share price – down further on the results announcement?

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