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
Rating
AA PLC  
Capita PLC42.02 GBP0.00
ES R&M UK Equity Smaller Coms Fd B Acc3,180.34 GBP0.87Rating
GVQ UK Focus I GBP Inc28.16 GBP0.34Rating
Henderson Smaller Companies Ord1,294.54 GBP2.09Rating
LF ASI Income Focus A Sterling Acc70.86 GBP1.59Rating
LF Equity Income C Sterling Acc3.42 GBP0.00
Liontrust Special Situations I Inc496.48 GBP0.38Rating
St James’s Place UK Hi Inc Unit Tr L acc945.19 GBP0.97Rating

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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