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Cloudbuy interims – losses being cut, but will it be enough?

By Nigel Somerville | Wednesday 16 August 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.


AIM-listed Cloudbuy (CBUY) announced interims to June this morning. With the last tranche of rescue funding from Roberto Sella now drawn, and a 20% discount to any placing price still on offer it looks as though the company will have to pay its way pretty soon. The good news is increased revenue and falling admin expenses. But will it be enough?


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