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Windar Photonics – you were warned!; follows intra-day auditor resignation with now intra-day “Trading Update”…

By Steve Moore | Friday 8 November 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.


Previously writing on Windar Photonics (WPHO), towards the end of last month I noted intra-day (hmmm!) “Auditor Resignation” (uh oh!)… – concluding, with the shares further lower to 42.5p, jam tomorrow is with a still market cap here of circa £19 million and the auditor having resigned after also it noted on last year’s results; “The Independent Auditor's Report on the Annual Report and Financial Statements for 2018 was unqualified, but included a reference to the material uncertainty related to going concern in respect of the timing of future revenues”. With that certainly looking to remain the case and the rest of the above, natch, still bargepole / sell. Now it’s intra-day (this time 1:50pm) “Trading Update” (uh oh!)…

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