Hardman & Co Research
Hardman & Co Research: Titon Holdings (TON): Condititoning
24-Feb-2020 / 07:30 GMT/BST
Hardman & Co Research: Condititoning
Initiation of our coverage was 16 March 2016 at 101.5p. In February 2018,
the price was 215p and it stayed north of GBP2 for another year. In fiscal
2019, though, Titon weathered a perfect storm most notably in its largest
profit earner, South Korea. Titon's PBT dropped by a fifth and, now, early
in fiscal 2020, a profit warning. Titon is a veteran with branded products
and core financial strength. It is battening down the hatches and cutting
costs (including Hardman & Co). It will prevail.
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981597 24-Feb-2020
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(END) Dow Jones Newswires
February 24, 2020 02:30 ET (07:30 GMT)
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