Has anyone a clue as to why Epwin's price has changed its general pattern of up two and back one, then steadily subsided over the last few weeks and fell significantly today? There are no news items, it went XD in May and I cannot find anything in any search to see why. Is this in sympathy with SFE or vice versa? Have double glazing salesmen finally met their Waterloo?
I think definitely in sympathy with Safestyle UK (LON:SFE), given Safestyle's comments on volatile trading conditions despite their "outperforming the overall double glazing market", suggesting that they are taking market share, i.e. it is potentially worse for competitors like Epwin (LON:EPWN).
This has puzzled me too. Could it be something to do with the fact that they manufacture and distribute cladding products which are under a cloud for obvious reasons at the moment? Pure conjecture though.
Interestingly, Epwin does not appear on any list of companies being shorted either.
http://shorttracker.co.uk
Entu (UK) (LON:ENTU) has an exclusive 5-year supply agreement with Epwin (LON:EPWN). If Entu (UK) (LON:ENTU) were to be broken up or liquidated, what would happen to this agreement? ENTU has also talked about "supply chain" issues in its half -year and full-year reports. It is not clear which suppliers it is talking about.
I sold out of my position in Epwin (LON:EPWN) today on the back of: 1). The latest profit warning from Safestyle UK (LON:SFE), 2) the cut in the dividend from Epwin (LON:EPWN) announced earlier this month, 3). The Epwin share price being pretty resilient so far this year.
I sold out of my position in Epwin (LON:EPWN) today on the back of: 1). The latest profit warning from Safestyle UK (LON:SFE), 2) the cut in the dividend from Epwin (LON:EPWN) announced earlier this month, 3). The Epwin share price being pretty resilient so far this year.
