What a difference a week can make. My Great Expectations screen has been a real high flier since I started running it for this column in late 2011. However, when I conducted my stock screen review for the previous issue of this magazine it was having a terrible 12 months with a negative total return of 17.7 per cent compared with a negative 10.7 per cent from the FTSE 350. Fast forward a week, and the 12-month performance, while still disappointing, is better described as poor relative to the market than terrible: a negative total return of 9.9 per cent compared with a negative 7.2 per cent from the index.
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Simon Thompson
1pm’s lowered guidance changes investment case
The specialist provider of finance to more than 20,000 small- and medium-sized enterprises has under shot profit expectations, and lowered guidance, too
Simon Thompson