Note to Paul/Graham - any thoughts on the ALU acquisition today that has pushed the share price south
Alumasc (LON:ALU) Have you missed the update/HY report??
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RayDC
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monions
I sold out first thing after seeing the H1 update.
Sales -5.9%, PBT -13.5, EPS -15.9% said it all.
Shame as I had hoped this would get back to near 200. But it's gone nowhere in the last few weeks, there was a small blip earlier this week, probably in anticipation of update. One problem is they do not publish a date for the updates, I expected this end of Jan, but it popped out today with no notice.
Historically, the price appears to fall on update days, so this may be a buying opportunity. However, those figures did not give me much confidence in H2 bringing this back to full year expectations.
