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i-nexus Global – I having previously warned re. its 2018 AIM IPO-argued “strong competitive position”...

2020-05-28 11:39:48

Writing on i-nexus Global (INX) in July it was from AIM IPO “strong competitive position” to “revenue and closing cash balances will be below expectations” in just over a year! – with I concluding the company now really “comfortable that, with a continued focus on costs, the business retains sufficient funding to execute on its growth strategy”? I’m certainly not for long and, even with the shares currently down to around 25p, avoid / sell – and another AIM IPO roll-call of shame…. Now results for its half-year ended 31st March 2020 – and the shares currently significantly further lower in response to around just 4.5p!...

ARTICLE

i-nexus Global – from AIM IPO “strong competitive position” to “revenue and closing cash balances will be below expectations” in just over a year!

2019-07-29 12:00:37

In June last year “i-nexus Global plc (INX), a provider of cloud-based Strategy Execution software to Global 5000 companies”, was pleased to announce admission to AIM, raising £10 million at 79p per share with CEO Simon Crowther emphasising “the power of our software, our outstanding customer base, strong competitive position, high levels of recurring revenue and large addressable market”… The shares last closed at 34.5p and today a “Trading Update”

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