Simon Thompson 

Bilby management’s credibility shredded

Simon Thompson

Simon Thompson

The credibility of the senior management of Aim-traded Bilby (BILB:42p), a provider of gas heating appliance installation and maintenance services to residential and commercial properties, has been shredded after the directors warned that cash profits would only be £2m-£3m for the financial year to end March 2019. At the time of the interim results in mid-December 2018 the company reported first-half cash profit of £2.7m and the directors were guiding investors to expect full-year cash profits ahead of the £6.3m reported in the 2018 financial year.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now