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Market can't ignore downgrade dump forever

Twenty downgrades from ASX 200 companies in recent months have been largely related to weakness in consumer spending. But will the malaise spread?

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It’s exactly the sort of news a fund manager doesn’t want to get in the final days of the financial year.

Heads will be shaking in frustration at Viburnum Funds, Ellerston Capital, SG Hiscock and several other small cap investors after one-time flyer GTN delivered its second profit warning in six months.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/market-can-t-ignore-downgrade-dump-forever-20190626-p521de