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1.Market Observations, 8.Was Sticky

18 May 2017 (AFR) – OrotonGroup kicks off strategic review after second profit warning

(18 May 2017, AFR, p1, 20, by Sue Mitchell)

‘Sydney’s wealthy Lane family has seen the value of its stake in OrotonGroup plunge nearly 20 per cent after a warning earnings would dive 75 per cent this year, pushing the retailer into the red and triggering a strategic review. ​In its second profit warning in five months, OrotonGroup said on Wednesday that underlying earnings before interest, tax, depreciation and amortisation were expected to fall by $10 million to between …’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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