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Cupid – Share Price Comment: Riposte to Aubrey Brocklebank

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- Tom Winnifrith

Shares in Cupid (LSE:CUP) have plunged in recent days. Belatedly the company issued a statement at noon on Friday which should have stopped the sell-off. It did not. Hmmm. The shares now trade at 135.25p valuing the business at £113 million.

The statement reads:

“Cupid plc notes the movement in its share price; the Company knows of no material reason for the movement. The Group confirms it is trading in line with expectations and that at the year end had approximately £14m cash on its balance sheet. As previously announced, the Group will be issuing its full year 2012 results on 5 March 2013.

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