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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mallett | LSE:MAE | London | Ordinary Share | GB0005583504 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 55.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2123T Mallett PLC 12 December 2003 12 December 2003 MALLETT PLC ("Mallett" or the "Company") Trading statement On 9 June 2003 the Company issued a statement which included the comment that " it remains difficult to comment on the outcome for the full year but a significant recovery in trading in London will be required if the Company is to meet market expectations for the full year". This recovery has not taken place and, while trading in New York remains ahead of budget, it has worsened in London in the second half of the year ending 31 December 2003. The Company has continued to trade profitably in the second half, but now expects that its results for the year ending 31 December 2003 will fall well short of market expectations. The Company's business is focused on the sale of high value items and, as a result, trading patterns tend to be uneven over time. This feature, together with continuing difficult trading conditions and the weakness of the US dollar against sterling, makes it hard to comment on the Company's prospects with any certainty at the moment. Nevertheless, the Board believes that the Company is in a strong position to take advantage of a future upturn in the market. The Company continues to evaluate its options in relation to the Bourdon House property. After receiving Counsel's opinion on its ability to enfranchise the leases pertaining to the property, the Company has instructed Savills plc to advise on the merits of enfranchisement. The Company expects to release the preliminary announcement of its results for the year ending 31 December 2003 at the beginning of March 2004. Contact Lanto Synge, Chief Executive 0207 499 7411 This information is provided by RNS The company news service from the London Stock Exchange END TSTGUGBCPUPWGWP
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