Previously writing on “leading provider of 'Integrated Space Management Software' for smart buildings and commercial spaces' visitor reception, desks and meeting rooms” SmartSpace Software (SMRT), in August with the shares down to 43.5p I noted that the financials and valuation saw me continue to avoid. The shares have currently responded to results for the half-year ended 31st July 2022 today slightly higher to 38p, so what now?
Describing itself as a “leading provider of 'Integrated Space Management Software' for smart buildings and commercial spaces”, Smartspace Software (SMRT) states it “is pleased to announce a trading update for the six month period ending 31 July 2022”. So why have the shares currently responded to the announcement down 6.5% to 43.5p?
Previously writing on ‘smart’ buildings and commercial spaces software company SmartSpace (SMRT), in February with the shares up to 73.5p I concluded that with the financial uncertainty and the valuation I continued to avoid. What now, following a trading update and the shares up in response, though currently 58p?
‘Smart’ buildings and commercial spaces software company SmartSpace (SMRT) is “pleased… results for the full year ending 31 January 2022 are expected to be slightly ahead of market expectations” and “excited by the opportunities that lie ahead”. The shares have responded up to 73.5p, but why does that compare to above 180p as recently as July?...
Hello Share Sharers. Due to Covid, the better sort of company is looking for new ways of doing things in its offices. An AIM-registered outfit that specialises in that sort of thing is SmartSpace Software (SMRT). It provides software which enables companies to make the most of their buildings and workspaces. That cuts office expenses and makes employees want to keep on working there.
‘Smart’ buildings and commercial spaces software company SmartSpace (SMRT) states that it “is pleased to announce a trading update… the group has been progressing its objective to build a high growth SaaS business with strong recurring revenues and consequently, expects that results for the full year ending 31 January 2022 will be in line with market expectations”. At a current 75p share price, why though are the shares down from above 180p as recently as July?...
