‘Self-care’ products group Venture Life (VLG) commences a trading update with that it “expects to report revenues for the six months ended 30 June 2022 of £18.9 million, a growth of 36% over the same period previous year” and adds “order book remains strong and is ahead of the same period last year”. So what of a current share price response up more than 9% at 35p?
‘Self-care’ products group Venture Life (VLG) has made a trading statement and the shares have currently responded to around 50p, 34% higher, on the back of it. Is this justified?...
Describing itself as “a leader in developing, manufacturing and commercialising products for the self-care market”, a “Trading Update & Board Changes” announcement from Venture Life Group (VLG) includes “the directors see many reasons to be optimistic and are pleased with how the company is positioned… The company is profitable, cash generative, with a healthy cash balance… order book ahead of where it was at the same time last year (on a like for like basis)”. So why then are the shares, at circa 35p, 27% lower on the back of it?...
