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EQS-News News vom 24.02.2020

Hardman & Co Research: Titon Holdings (TON): Condititoning

Hardman & Co Research
24-Feb-2020 / 07:30 GMT/BST

Hardman & Co Research: Condititoning

Initiation of our coverage was 16 March 2016 at 101.5p. In February 2018, the price was 215p and it stayed north of £2 for another year. In fiscal 2019, though, Titon weathered a perfect storm most notably in its largest profit earner, South Korea. Titon's PBT dropped by a fifth and, now, early in fiscal 2020, a profit warning. Titon is a veteran with branded products and core financial strength. It is battening down the hatches and cutting costs (including Hardman & Co). It will prevail.

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