By Steve Moore | Thursday 20 March 2025
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.
Most recently writing on music and audio products company Focusrite (TUNE), in January with the shares falling below 200p I concluded still avoid/sell with I cautious that its half-year to end-February results would show why it’s expectations detail not speaking its name. Now there’s a “Trading Update” including the half-year performance “was in line with expectations… Market expectations are understood to be a range for EBITDA for the 12 months to 31 August 2025 of between £24.5 million and £26.0 million”, so why a currently further lower, to below 170p, share price?
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