Interested to peruse Tangent’s AGM statement this morning, which was by and large fairly upbeat before concluding with what amounted to a profits warning.
While the company is seeing strong growth in its online and marketing services, the housing sales slump has seen its business in producing estate agents’ particulars nose-dive by 22%.
I shall await Tangent’s interims with eager anticipation, because on the face of it the company is a perfect example of the sort of business that print service providers are often advised to aspire to being – its service offering is based around high added-value marketing related services, and while it produces a lot of print, its public face is all about “digital marketing tools”.
The shares hit a 52-week low of 4p in early trading this morning (the high was 15p this time last year). I’m wondering whether I should add some Tangent shares to my portfolio of bombed out “print” stock. Just for the fun of it, obviously. I am, after all, the person who back in the day bought Wace at 27p on the basis that it couldn’t possibly go any lower, could it?
