|
Bonhill Group PLC - London-based media company, specialising in business information, events and data analytics - Says trading conditions have softened since its update in early October, especially in regard to the marketing spend for Cop 27 in November. Adds, however, it is pleased with progress in the US at its InvestmentNews subsidiary where there has been a stabilisation in forward booking and trading.
Reduces revenue guidance for 2022 to £14.5 million from £15.0 million previously, and expects a wider loss before interest, tax, depreciation and amortisation of £600,000 million, compared to £350,000 previously forecast.
Says it has received a "strong level" of interest in its formal sales process, and will make a further announcement in due course.
Current stock price: 3.24 pence, down 13% in London on Wednesday afternoon
12-month change: down 70%
Copyright 2022 Alliance News Limited. All Rights Reserved.
|
