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Christie Group – “trading statement”, surely not a warning on trading AGAIN?!…

By Steve Moore | Friday 8 December 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 professional & financial services and stock & inventory systems and services group Christie (CTG), in October with the shares down to 97.5p I noted it stating recovering transactional pipelines but that such pipelines require to be materially net cash generatively converted to really be useful and, with the macro uncertainty, to continue to avoid. What then of today a “trading statement” commencing that “as anticipated, invoicing levels have improved markedly since the end of the summer period and as such the group expects to report an improved second-half performance on that achieved in H1”?

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