20 May 2019 – trading update
Another trading update from the group has revealed that a combination of better trading and urgent management action will mean that the results for the year to 30 April will be better than previously expected. In March, the company warned that results would be well below market expectations, but they are now not likely to be as bad as feared at that time. With a number of new products likely to be introduced in the current financial year the group could see its performance improve and we rate the shares as a SPECULATIVE BUY.