More Pain For Woodford After AA Profit Warning

Neil Woodford-backed breakdown specialist is embarking on an ambitious turnaround, after profits slumped and the dividend was slashed

David Brenchley 21 February, 2018 | 3:39PM
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car breakdown motor more pain for woodford after aa profit warning

It has been three weeks since we last wrote about a Neil Woodford holding seeing its share price decline by double-digits in one morning, so it’s about time we had another. Then, it was Capita (CPI) under the microscope; this time, it’s AA (AA.).

The iconic yellow-liveried breakdown specialist warned that profits for the year to 31 January 2019 would be between £335 million and £345 million, compared with analyst expectations of £390 million. It also slashed its dividend by more than three quarters to 2p.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Capita PLC49.41 GBP0.00
ES R&M UK Equity Smaller Coms B Acc3,483.88 GBP0.55Rating
GVQ UK Focus I GBP Inc27.39 GBP-0.61Rating
Henderson Smaller Companies Ord1,320.00 GBP0.15Rating
LF ASI Income Focus A Sterling Acc69.63 GBP-0.20Rating
LF Equity Income C Sterling Acc3.45 GBP0.00
Liontrust Special Situations I Inc525.23 GBP0.48Rating
St James’s Place UK Hi Inc Unit Tr L acc939.83 GBP0.53

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David Brenchley

David Brenchley  is a Reporter for

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