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.
Having noted last month (see analysis HERE) that recurring revenues had not built as quickly as original estimates and announced a massively discounted fundraising, Synety Group (SNTY) has now announced that there will be “a prioritised focus on cash burn and accelerated break-even” rather than “high growth through rapid customer acquisition”. Is this though because it has chosen this route or effectively been forced down it?
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Comments
Daniel Victor
Okay,I’m long.They do seem to be doing the right things.That may well be driven by necessity,but I really wish that other companies I was invested in would grow organically rather than by borrowing or issuing shares !