Profit warning: expectations down from £830m to £800m, due to Grenfell fallout. Specifically, regular works (Mears' business) being delayed as safety work takes precedence. Shares down 7-8%.
Language is otherwise broadly positive, and this is a company with a reassuring track record. I treated today's fall as a top-up opportunity.
I wonder who's benefiting from emergency works? Not, it seems, Mears. What would it do for all the shorters if Carillion had a finger in the unexpected pie?
[edit] Mods - this should probably be on share ideas. I was struggling to think of an appropriate board for it.
Moderator Message:
Moved per your request, and title adjusted for clarity. You are correct this is the more suitable forum area for individual share ideas. For the future please note the fastest way to contact the relevant mod is via the ! button to report a post. Excuse delay but it can take two mods to act together to move a post/thread between two different forum areas. regards, dspp
Moved per your request, and title adjusted for clarity. You are correct this is the more suitable forum area for individual share ideas. For the future please note the fastest way to contact the relevant mod is via the ! button to report a post. Excuse delay but it can take two mods to act together to move a post/thread between two different forum areas. regards, dspp