24 September 2019 – AGM statement

The company has confirmed that trading in the first five months of the financial year has been in line with expectations, with continued growth in the corporate business and a stable performance in the Christmas savings market.  This year will see additional costs associated with its strategic business plan including moving to a new office in Liverpool, rationalising the brand architecture and investing further in new products and technology.  The company also proposes to change its name to Appreciate Group.  Although short-term the company will see profits fall back, these initiatives should see the group well placed and we maintain our recommendation of BUY.