AO World only worth half says city analyst

SHARES in John Roberts’ AO World tumbled five per cent to 307.7p yesterday after a City analyst warned that the online electricals giant’s stock was worth 152p – half of its market price before last night’s close. Panmure Gordon’s Mike Stewart said the company was overvalued and urged investors “to capitalise on the unjustified level” of price growth since 2014.

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