Previously writing on Vianet Group (VNET), I concluded I wait for improvement in cash flow and outlook before reconsidering from avoid. So what of now results for its half-year ended 30th September 2022?
Vianet Group (VNET) has announced a partnership which it states sees its “innovative contactless payment solution hardware join forces with Suresite's market-leading acquiring services”, with Chairman & CEO (hmmm) James Dickson “delighted to partner with Suresite in this innovative collaboration proving, once again, Vianet's ability not only to drive new technological initiatives but also to establish new markets for our products”. So what of a share price currently up to 56.75p in response?
Data and business insight technology group Vianet (VNET) states it is “pleased to confirm the strong recovery in the group's revenues through H2, with full year turnover expected to be up 55% to almost £13.0m… Operating profit is anticipated to be £2.2m… we are excited about our sales pipeline”. So what of a current further share price fall to 90p?...
An AGM statement from ‘Internet of Things’ data group Vianet (VNET) includes that its “performance in the first three months of the financial year has been very encouraging, with profits higher than anticipated”. What does that mean financially?...
A full-year trading update from Vianet Group (VNET) includes that it is “very pleased to report that, notwithstanding this challenging business backdrop, trading for the period showed a slight improvement on our H1 financial performance” and “remains confident that Vianet will emerge from this global crisis in a strong financial position, enabling the group to take advantage of the exciting growth opportunities that lie ahead”. Why then are the shares down from recently above 100p to currently 98p?...
Provider of data from connected business devices, Vianet (VNET) “is pleased to announce its interim results for the six months ended 30 September 2020”. The shares have currently responded to around 80p, er more than 5% lower...
Previously writing on Vianet Group (VNET), in August with the shares at 96.5p I concluded the results for the company’s year ended 31st March 2020 included “basic earnings per share at 8.56 pence (2019: 8.87 pence)”, with net debt of £0.95 million (3.29p per share). With that and the above with a lack of financials, I currently avoid. Today a further trading update – and the shares up on the back of it, though only to 68.5p...
