Pinewood Technologies – emphasises “visibility from existing signed contracts and a strong pipeline of opportunities”… with another profit warning!
Self-described “market-leading automotive intelligence platform” group Pinewood Technologies (PINE) has issued a “Business Update” announcement following last month Apax Partners having announced that it “does not intend to make an offer” for the group having previously made “a number” of approaches. Pinewood then emphasised it “believes the company is well-positioned to continue executing its strategy”, so what’s the detail of its latest announcement with the shares currently more than 6% lower in response at around 220p?


