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Nektan – Another disappointing trading update – any hope?

By Cynical Bear | Saturday 2 July 2016


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.


I first wrote about Nektan (NKTN), my bear pick of the year, in mid-January HERE with the share price having already had a bad start to the year down to 107p from 130p at the close of 2015. Following yesterday’s pre-close trading update for the year to 30 June 2016, it closed down 23% on the day at a mere 47p. Time to reassess my position.


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