CMBN 165p - 106p
The dangers of holding stock with a PE well over 20
Today there was a Lowering forecast, though the EBITDA will be higher than last year the management says.
The problem was the company was on a PE of 24 on a historic EPS of 11p
so the shares were lowered at one time to 140p, almost 50% and still trading close to a PE of 13
Cambian (CMBN), down 40.25% to 161.63p, has lowered its FY forecasts after receiving September management accounts. It sees underlying EBITDA at not less than GBP54m, up 7.5% on the year, and adjusted EBITDA will be not less than GBP49m, from GBP48.4m previously.
