26 January 2022 - trading update
We last commented on the independent publishing group last month when we suggested the shares were a hold at 352p. Although there has been some share price weakness since then, the shares have bounced today on the positive trading statement ahead of the year end at 28 February 2022. This has revealed that both revenues and adjusted pre-tax profits are expected to be materially higher than current market expectations of £197m and £20.1m respectively. There has been a particularly good performance from the consumer division with both children's and adults books selling . . .
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