The reason for the firm’s late-2018 slump was November’s trading statement, one that was riddled with issues. Its UK Home energy division lost 372k customers in the 4 months to the end of October; it’s expecting a £70 million Q1 2019 profit hit due to the Ofgem price cap; and said it was targeting adjusted EPS far below what was expected. It did say, however, claim it would be maintaining its 12p per share final dividend, though doubt has since been cast on that by analysts at RBC Capital.

Read what Spreadex analysts have to say, or watch a 60 second preview, here: https://spreadex.com/?tid=387221

Finish reading with a 14 day trial

or Unlock with your email

Already have an account?
Login here