NEWSFLOW
Iomart (#IOM) – initial £4m cash and shares acquisition of Azure cloud-focused Extrinsica
- 2023-06-05 06:27:28
Have you ever looked at iomart (IOM)? I am sure that many of you would think that a ‘Scottish information technology and cloud computing company which provides managed services from data centres and offices across the United Kingdom’, would be in a great industry for the 2020s. However it is facing a few challenges out there as Friday’s 17% share price fall showed (and hello a 44% year-to-date decline). So what is going on?
From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2018 and thus far in 2019 (by net short position %, those in bold not on the list at the start of 2019) – and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...
“iomart Group plc (AIM:IOM), the cloud computing company, is pleased to provide its pre-close trading statement for the six months ended 30 September 2019” – but the shares are currently in retreat…
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