Just like Nightcap (NGHT) yesterday, Procook (PROC) has served up a trading statement which plays fast and loose with reality. Its intent is not to inform but to mislead.
I explicitly warned you to dodge the Procook (PROC) IPO at 145p less than a year ago. Today after a second quarter trading statement which saw frantic turd polishing the shares are just 35p. And, whatever the company says about Q2 trading, things are just not going to get better.
The IPO of Procook (PROC) last November was one that I explicitly warned you about. That offer was at 145p. The shares are now 40p but CEO Daniel O Neill really is the most almighty spoofer, his share buying of late is a red flag in itself, an invitation to go short.
Results for the year to April 3 2022 - out today from Procook (PROC) - were made irrelevant when, on 10 June this year, the company issued a dire profits warning. But for what it's worth, the results are shite.
