Newmark Security – emphasises current year trading improvement, but how sustainably?
By Steve Moore | Thursday 27 October 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Provider of electronic, software and physical security systems Newmark Security (NWT) has issued a trading update including noting full-year “strong revenue growth, with revenue of approximately £19 million (2021: £17.6 million)” and that it has “implemented a programme of strict cost control and increased prices”. What of the shares currently responding up to 31.5p, more than 23% higher?
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