Sunday 26 March 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


Fitbug – this time RNS Reach joke (sorry, ‘announcement’) seen for what it is

By Steve Moore | Friday 17 February 2017


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.


Having seen its shares soar last month on its previous RNS Reach announcement, enabling a placing before the shares completely slumped back, Fitbug (FITB) has now released another – claiming it “would like to share some insights and findings from a recent case study, following a pilot wellness programme with MTR Crossrail”.

Rolled out “to a select group of about 100 MTR Crossrail employees over a period of three months”, Fitbug reports that;

“•  Over the course of the programme, participants walked 72% more than the average person in the UK
 •  Activity levels gradually increased from week one to week four
 •  Some individuals improved their step activity by 177% over the course of the programme
 •  60% of employees who participated in the post-programme survey thought that the programme had a positive impact on office morale

MTR Crossrail has shown a real commitment to the wellbeing of its employees by setting some valuable benchmarks during this pilot wellness programme.

**ENDS**

Er, ok! What’s the benefit to Fitbug shareholders of this supposed success? Natch, no financial information is provided – with instead Fitbug seemingly considering better information for shareholders the praising of an organisation for using its products!

The announcement has this time been seen through though – the shares actually slightly lower to 0.16p. Still suggesting jam tomorrow despite already “over 10 years' experience innovating the wearable health technology sector”, this, natch, remains a bargepole stock.


Filed under:


Never miss a story.




This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.


More on FITB


Comments

Comments are turned off for this article.

Search ShareProphets |


Get your UK Investor Show tickets now here.



Stock market news |



Complete Coverage

New World Oil & Gas

African Potash

Cloudtag

The chairman's blog by Sir Ben Dover

Avanti

Gulf Keystone

Worthington

Highlands Natural Resources

Bearcasts

CloudTag

David Lenigas

Quindell

Tern

Optibiotix

Concepta



Recent Comments |






Site by Everywhen