By Steve Moore | Friday 12 June 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
With shares in SCISYS plc (SSY) falling (from above 80p to sub 60p, giving a current market cap of £17.3 million) on the back of an announcement that it expects “a substantial short fall in profits for 2015 compared to the guidance issued in March” (see HERE), its house broker has sought to reassure on “a singular issue, fully provided, and measures have been taken to avoid recurrence”. However, the forecast reductions are savage…
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