*** Shares -12% this morning ***
- This morning's Q1 trading update contained a profits warning
- Management has cut full year guidance for revenues and profits
- Shares trading just above the floor of their 2 year sideways channel
- Could trading improve over the course of the year?
- Will the Euro 2016 football tournament help in June?
- Will the shares rebound or struggle?
- Broker 12-month consensus: 38% buy, 48% hold, 14% sell (full breakdown on request; Bloomberg)
- CFDs tradeable with just a 10% margin