By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 22 August 2019
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) reported its interims to the end of June yesterday and the news seems to me to be utterly grim: revenues of just £0.5 million, a loss of £0.7 million and a balance sheet showing net assets of MINUS £6.5 million complement the accumulated losses of £16.7 million. At least the company seems to be consistent! The statement at least refrained from telling us it was pleased to announce the numbers but my sell stance is thus far vindicated: last offered at 3p, the shares now stand at just 2.4p.
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.
Filed under:
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Time left: 07:17:39