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Hostmore “AGM Trading Update”, still tough going for particularly CFO Matthew Bibby – not Matthew Biddy!

By Steve Moore | Monday 3 June 2024

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.

Restaurants company Hostmore (MORE) has issued an AGM trading update including “EBITDA (FRS102) continues to perform ahead of 2023, with the first four months to the end of April higher by £3.3 million versus the same period for 2023”. However, the shares have currently responded slightly further lower to 16p and for what looks more than that the update has been re-issued as “the original announcement noted that "The person responsible for releasing the announcement is Matthew Biddy, CFO of Hostmore plc." This has been corrected to read "The person responsible for releasing the announcement is Matthew Bibby, CFO of Hostmore plc”!
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