Upgrades, Downgrades and everything in between
News and opinion covered here include a few profit warnings, but also several companies trading ahead. One of our Stonking Small Cap opportunities impressed with its year end update as did a provider of vehicle telematics. Read on here for our forthright views on this and other news. (Premium)
Inspecs: down go the shares again Shares in Inspecs Group (AM:SPEC), the manufacturer, and distributor of eyewear, fell back following a disappointing trading update for its financial year ended 31 December 2023. Financial performance is now anticipated to be below market expectations due to softer trading in December, despite a 16.1% increase in adjusted underlying EDITDA to £18.0m – although an ‘adjusted underlying’ number can hide a multitude of sins! Group revenue of £200.3m was broadly flat on 2022 (£201.3m), but below expectations. Period end net debt (excluding leases) fell by £3.3m during the year to £24.3m (31 December 2022:…