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.

Starcom – 2015 results, another loss & fundraising (explicitly) ahoy!

By Steve Moore

11 March 2016 05:10

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I commented on shares in remote tracking and monitoring company Starcom (STAR) on the back of an April 2015 profit warning which saw them then trade approaching 15% lower at 7.125p. My caution of then has proved justified as I now update with the shares further lower, at just 1.5p, on the back of the company’s announcement of results for the 2015 calendar year…

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Comments

Martin

11 March 2016, 06:39

Tom asked on a previous bearcast if there was any companies out there with high bad debts to revenue like SEV, I flagged up STAR at the time. That’s two years on the trot that receivables have been written down by around $500k (note 3b).
Martin Edwards

12 March 2016, 03:45

You cautioned? Ha ha you slime ball and incompetent bearish TRADER. You are not allowed and have not been given any permission to backtrack or RETRACT your previous article. It was extremely bullish. Now that reality has set in and the company is moving slower you are throwing your toys out the pram? Moron you are, duping would be investors to invest only for you to cry foul play. Nope, you are not allowed to change your mind, I for one am heavily positive on this stock because new products take time to come to market and the board have taken salary cuts and also cancelled previous options. Raising options to 5p is a positive move. Get over your stupidity and stick to your original story – cry baby you are!