Yourgene dismal trading update: the Lady doth protest…surely a placing needed
By Tom Winnifrith, the Sheriff of AIM | Thursday 3 November 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.
Once upon a time, Yourgene (YGEN) was a growth stock, the sort of company where shoot the lights out sales increases justified a lofty multiple which might allow for yet another fund raise. How times have changed. Today’s trading update was piss poor and, whatever bearded boss Lynn Rees might say, there must be a very high chance of a 2023 placing, as I warned three weeks ago HERE.
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