21 March 2018 – trading update
Recent tip Moss Bros has released an unexpected profit warning which has seen the share price hit. Although there will be no change to the previously announced expectations for results for the 52-week period ending 27 January 2018, due to be announced on 27 March, results for the current year are likely to be behind expectations. A final dividend of 1.97p will be declared next week, meaning a total dividend of 4p per share for the full year, down from 5.89p. The statement is concerning but long term prospects remain relatively intact and net cash now represents a significant proportion of the current share price. We believe the shares are a BUY at the current level.