14 September 2017 – profit warning
Yet another profit warning from the group has seen the share price plunge once again. Apparently July and August saw very poor trading so that full year results will be below expectations whilst the exit from the Energy from Waste business is likely to cost significantly more than the £160m already provided. We had sold the shares out of the Aggressive Growth Portfolio as they had fallen through the stop loss limit but with the dividend likely to be cut totally and given the current uncertainties surrounding the stock we reduce to SELL.