Home > Adding up, Financial Regulation, It's all about money, Why it's all gone horribly wrong? > Suspicions raised at Supergroup #profitwarning

Suspicions raised at Supergroup #profitwarning


Superdry.

Superdry. (Photo credit: ROBERTLAWDESIGN)

BBC News – Superdry owner Supergroup issues profit warning.

The fall in Supergroup shares today (20th April 2012) seems a little overdone.

The proviso to this, is that the company is not telling fibs about the accounting error and that there are no more skeletons in the cupboard.

If they are being truthful, then a £2.5m discrepancy on profits of £43m is about 6%

The fall of over 30% at mid morning seems a bit excessive.

It remains to be seen however, whether anyone important recently sold any stock.

Common Sense, don’t work out your accounts without it.

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