Significant numbers of Wordsworth shares - up to 1.5% of all issued - took place yesterday on eth London Stock Exchange. The stock closed at 289, down from 320 in January.
"The catalyst for the slide was yesterday's downgrading of Wordsworth's rating by the NGO Open Books International form B- to C+," says noted analyst Stephen Earnshawe. "Particularly damaging was OBI's allegation that Wordsworth's behaviour in Thibaw represented "a disconnect with its own Ethical Values. And the situation wasn't helped by a Wordsworth representative at the press conference at which this was announced indulging in open confrontation with OBI, despite OBI's stated desire to cooperate with Wordsworth."
Most of yesterdays shares seemed to have been offloaded by ethical-investment Mutual Funds but only one, "Emerald Growth" was prepared to admit the fact. Emerald Growth has apparently disposed of all its Wordsworth shares, amounting to 0.3 % of the total.
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