Hardman & Co Research: Titon Holdings plc (TON): 'Even a monkey sometimes falls from a tree'

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Hardman & Co Research 
Hardman & Co Research: Titon Holdings plc (TON): 'Even a monkey sometimes 
falls from a tree' 
 
19-Feb-2019 / 11:35 GMT/BST 
 
*Hardman & Co Research: 'Even a monkey sometimes falls from a tree'* 
 
South Korea has been a winning primate for Titon since 2008 and last year 
contributed more than two-thirds of its PBT. International and domestic events 
have conspired to impact the Nation, generally, and Titon specifically. In 
December, these were nascent but have since matured. The Company alerted the 
market on 14 February and we have reduced our current-year PBT forecast by GBP1m 
and rebased the rest. We have also borrowed a South Korean proverb to sum it 
up, believing this event to be a one-off i.e. it is a genuine 'monkey' and 
'tree' moment; and Titon will soon be aloft once more. 
 
Please click here for the full report: 
 
https://www.hardmanandco.com/research/corporate-research/even-a-monkey-sometim 
es-falls-from-a-tree/ [1] 
 
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777463 19-Feb-2019 
 
 
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(END) Dow Jones Newswires

February 19, 2019 06:35 ET (11:35 GMT)