We give our thoughts on what to expect from companies announcing results week commencing 16 December 2019.
Companies reporting w/c 16 December
Studio Retail (Q2 Trading Update)
Formerly a catalogue retail group known as Findel, this small company is now dominated by its online consumer retail business Studio. As it is now well into its busiest trading period of the year investors will naturally be focusing on any comments from management about how sales are going so far in the run up to Christmas. In July the company said it had made a solid start to the year but in September it reported a big increase in PPI claims and said it would have to make a provision of £6-10m in the first half. The market will be looking for more detail on that in these interim results, as well an update on the educational supplies business which is still recovering from a difficult period.
We currently list Studio Retail as a BUY
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