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Silver Bullet Data Services – “pleased to provide” trading update. Er, why no mention of the balance sheet then?

‘Provider of digital transformation services and products’ Silver Bullet Data Services (SBDS) has issued a trading update emphasising “continued strong revenue growth with overall performance in line with management expectations”. So what of a current more than 30% higher share price in response to 37.5p?

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Silver Bullet Data Services – 2022 results argue “highly encouraged by the developments being made”. Er, what about the balance sheet?!

‘Provider of digital transformation services and products’ Silver Bullet Data Services (SBDS) states that it “is pleased to announce its unaudited preliminary results for the year ended 31 December 2022”. So what of a current share price response to 32.5p…down more than 24%!?

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Silver Bullet Data Services – “delighted” with discounted fundraise less than a year since listing! Another AIM IPO Roll-Call of Shame...

On 28th June last year digital technology and services group Silver Bullet Data Services (SBDS) was “delighted that we have successfully completed our IPO and admission to AIM… placing to raise gross proceeds of £9.5 million for the company… to accelerate Silverbullet's growth, primarily through the roll out of its 4D product and the expansion of its existing client base”. That was at 257p per share. The shares last closed at 140p... and now 2021 calendar year results and a “fundraise” announcement!

NEWSFLOW

Silver Bullet Data Services (#SBDS) – £2.4m placing at 100p per share, £2.1m of convertible loan notes and up to £0.5m “broker option”