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Moss Bros Group (MOSB)

Share Price:
Down 19.23p
Change Today:
-0.025p
Market Cap:
19.41m

Moss Bros rallies as Gatemore Capital takes 9.6% stake

10 Jun 19

LONDON (ShareCast) - (Sharecast News) - Shares in Moss Bros rallied on Monday as it emerged that Gatemore Capital Management has taken a 9.57% stake in the menswear specialist.
The asset manager took an 8% stake in fashion retailer French Connection back in 2017.

In a trading update in May, Moss Bros said it was on track to meet market expectations for the full year. The company said total sales for the business were up 1.5% in the 15 weeks to 11 May, with total like-for-like sales 0.2% lower.

Sales from the hire department were down 15.6% on the year, meanwhile.

Chief executive Brian Brick said at the time: "We are making progress on last year, having recovered from the stock issues and improved our supply chain. Retail and e-commerce sales have shown further improvement against this backdrop. Although Hire continues to disappoint, it is clear this is reflecting a switch from Hire to retail with the new Tailor Me range."

At 1005 BST, the shares were up 5.2% at 21.77p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Market Data

Currency UK Pounds
Price 19.23p
Change Today -0.025p
52 Week High 46.50p
52 Week Low 18.75p
Volume 5,319
Shares Issued 100.97m
Market Cap 19.41m

Dividends

  Latest Previous
  Interim Final
Ex-Div 18-Oct-18 10-May-18
Paid 23-Nov-18 22-Jun-18
Amount 1.50p 1.97p