Company News 

Boku tumbles on 2019 update

Boku tumbles on 2019 update

Shares in Boku (BOK) plunged by more than a fifth after the direct carrier billing group issued a trading update for 2019. Peel Hunt – which maintained its ‘buy’ rating – said that “our conviction that Boku is the way to play the rise of the global mobile economy remain intact”. However, “extrapolating trends” seen during the past year, the house broker has “rebased” its forecasts “at a lower level” for 2020.

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