Previously writing on service provider to the asset management industry specialising in private markets MJ Hudson Group (MJH), in October with the shares down to 16.5p I noted “audit adjustments” – including aren’t IT development, M&A and fundraising quite usual activities for an attempted growth business?, and that it will be interesting to see how net debt compares to £15.7 million house broker Cenkos had been forecasting. The shares last closed at 13.125p… and today “Company update and suspension of trading”!
Service provider to the asset management industry specialising in private markets, MJ Hudson Group (MJH) has announced expected “audit adjustments”, though also that those “are all non-cash in nature and do not have an impact on the operating performance of the group in the current year… Current trading in FY 23 is encouraging”. So what of a currently approaching 30% lower share price to 16.5p?