Abcam (ABC) published their Interim Results this morning (4/3/2019). The share price promptly dropped 20% although it has recovered half of that at the time of writing. What was the reason for the price drop? A major profit warning, totally unexpected results or other issues? None that I could see. Before giving you my analysis, you may care to read what I said about the company after attending their last AGM – see https://www.sharesoc.org/blog/company-news/persimmon-departure-abcam-agm-and-over-boarding/ .
I expressed concerns about the cost and ...